<< <i>Is there any reason why platinum fell $1500 an ounce? >>
The powers that be are waging psychological warfare on Platinum. First there was the news that a substitute catalyst was in development, this seemed to hand Platinum its first deathblow.
Recently, a major analyst has predicted a surplus of Platinum on the market because of reduced demand from the Auto Industry. This seems to be putting the latest pressure on our favorite PM.
For Industrial users of Platinum, the fall in spot has got to be a tremendous gift. For Coin people with lots of Plat Eagles, it's not so great. Is there really a possibility for a low cost substitute for Platinum as a catalyst? My Chemistry isn't the best but I'd think it's all smoke. Seems to me the best solution to high priced Platinum was plain old Psychology - scare it down. Same game that brought down Wall Street.
Also the South African platinum mines won't slow production so there will be a surplus of platinum next year. Platinum is crashing to surplus levels now, I think we could see $650 soon.
Comments
If only we knew back then what we know now.
<< <i>Wow Platinum at $700.00 - where will it end up at in the next 90 days?
Todd >>
Source???
You are in Limbo my friend!!!
<< <i>
If only we knew back then what we know now. >>
Hopefully you won't be saying that in five years!
Buy now for the future. I'm bullish are you? That
is, when I can find some near spot! ($900ish)
bob
Have you tried the scrap dealers on 47th Street in New York? I'll bet they could load you up.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>I'm bullish are you? That is, when I can find some near spot!
Have you tried the scrap dealers on 47th Street in New York? I'll bet they could load you up. >>
Oh yeah, I'll give them a ring up in the am! My local junk yard should be a good source too but
I keep forgetting about them!
bob
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
I'm going to say platnum goes to $700 when Microsoft stock goes to $1/share. At this point I dont think you could even buy platinum for $1000/oz.
<< <i>... I see Platinum at $908 at the Kitco site... if you're buying at $700, BUY, BUY, BUY!!! >>
And for the rest that don't read.
<< <i>Is there any reason why platinum fell $1500 an ounce? >>
It's called deflation. Check out the prices on other commodities, homes, etc.
<< <i>Is there any reason why platinum fell $1500 an ounce? >>
The powers that be are waging psychological warfare on Platinum. First there was the news that a substitute catalyst was in development, this seemed to hand Platinum its first deathblow.
Recently, a major analyst has predicted a surplus of Platinum on the market because of reduced demand from the Auto Industry. This seems to be putting the latest pressure on our favorite PM.
For Industrial users of Platinum, the fall in spot has got to be a tremendous gift. For Coin people with lots of Plat Eagles, it's not so great. Is there really a possibility for a low cost substitute for Platinum as a catalyst? My Chemistry isn't the best but I'd think it's all smoke. Seems to me the best solution to high priced Platinum was plain old Psychology - scare it down. Same game that brought down Wall Street.
"Seu cabra da peste,
"Sou Mangueira......."
Looks like another big dump on platinum today, $700 isn't that far off now.
platinum wedding bands generally go over much better than titanium.
60 years into this hobby and I'm still working on my Lincoln set!