Platinum now at 26-year high

HonoluluDude

How 'bout dem platinum eagles? Buy?

michael

sweet platinum sweet sweet platinum

ILikeDimes

<< <i>

How 'bout dem platinum eagles? Buy? >>




I thought it was , sell high and buy low.

JDelage

Yep, time to sell.

SlangNRox

I wonder if more people will be buying the platinum proofs from the mint now?
I don't even want to think what the mint price of the 2006 plat proofs will be.

HonoluluDude

<< <i>

<< <i>

How 'bout dem platinum eagles? Buy? >>




I thought it was , sell high and buy low. >>



If you think this is the peak for the price of platinum, that would make sense.
But since it's not, then the bullion is catching up to the Mint's mark up price and
should surpass it sometime next year.

kiyote

<< <i>I wonder if more people will be buying the platinum proofs from the mint now?
I don't even want to think what the mint price of the 2006 plat proofs will be. >>



Wow, and we're already paying $210 for the tenth oz. o.O

(The one oz is closer to the actual platinum price; waaay less markup)

robertpr

Now that's one hell of a graph! I should save that one, it's better than those girly threads in the OF!

kiyote

<< <i>Now that's one hell of a graph! I should save that one, it's better than porn! >>



You must not be looking in the right places..

Touchdown

And it might even go higher. The supply is low and the demand is high. Not to mention one of the hardest metals to find.

robertpr

Why is demand high? What do they use platinum for?

JDelage

Platinum is an important catalyst, I believe. You probably have some in your exhaust pipe.

Plus jewelry, of course...

FullStrike

<< <i>Why is demand high? What do they use platinum for? >>




Fuel Cells. And that's a big one. The Chinese seem to have a big interest in Fuel Cells. Could that be why they have a big interest in Platinum?

Also jewelry and a hedge, possibly. What better way to have inflation proof savings? Wear it as jewelry, when times get tight, sell it!