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Hey Platinum is at $700.00

Wow Platinum at $700.00 - where will it end up at in the next 90 days?

Todd
Todd Abbey
800.954.0270

Comments

  • I don't know Todd, but thanks for rubbing it in! image
    "I want to die peacefully in my sleep like my Grandfather did, as opposed to screaming in terror like his passengers."
  • FullStrikeFullStrike Posts: 4,353 ✭✭✭
    image


    If only we knew back then what we know now.
  • GoldbullyGoldbully Posts: 16,823 ✭✭✭✭✭


    << <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!!!
  • AUandAGAUandAG Posts: 24,515 ✭✭✭✭✭


    << <i>image


    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)

    bobimage
    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
  • TwoSides2aCoinTwoSides2aCoin Posts: 43,796 ✭✭✭✭✭
    ouch
  • MrEurekaMrEureka Posts: 23,892 ✭✭✭✭✭
    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.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • AUandAGAUandAG Posts: 24,515 ✭✭✭✭✭


    << <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
    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
  • ConnecticoinConnecticoin Posts: 12,475 ✭✭✭✭✭
  • lkeneficlkenefic Posts: 7,741 ✭✭✭✭✭
    ... I see Platinum at $908 at the Kitco site... if you're buying at $700, BUY, BUY, BUY!!!
    Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;

    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.
  • coolestcoolest Posts: 2,281 ✭✭✭
    You made me look.

    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.
  • Is there any reason why platinum fell $1500 an ounce?
    MSgt USAF Jan-06 - Present
  • ebaytraderebaytrader Posts: 3,312 ✭✭✭


    << <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. image




    << <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 just noticed the original post here was from 2003.
  • FullStrikeFullStrike Posts: 4,353 ✭✭✭


    << <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. image
  • ElcontadorElcontador Posts: 7,412 ✭✭✭✭✭
    Catalytic converters use platinum & there are fewer auto sales. Add that to sharply less liquidity in the market these days.
    "Vou invadir o Nordeste,
    "Seu cabra da peste,
    "Sou Mangueira......."
  • HalfStrikeHalfStrike Posts: 2,202 ✭✭✭
    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.
  • 7over87over8 Posts: 4,733 ✭✭✭
    once manufacturing picks up together with clean air laws to be implemented on the books, the surplus, if any, will be short lived.
  • HalfStrikeHalfStrike Posts: 2,202 ✭✭✭
    Platinum 793.00 -50.00

    Looks like another big dump on platinum today, $700 isn't that far off now.
  • fishcookerfishcooker Posts: 3,446 ✭✭
    Many moons ago Ford switched to Palladium. Remember when their cars stunk so bad? That was when.
  • droopyddroopyd Posts: 5,381 ✭✭✭
    good time to buy platinum if you're going to have to anyway.

    platinum wedding bands generally go over much better than titanium.
    Me at the Springfield coin show:
    image
    60 years into this hobby and I'm still working on my Lincoln set!

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