Platinum?
notwilight
Posts: 12,864 ✭✭✭
PT has outperformed gold and silver recently. Why no threads about swapping into PT?
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That being the case, the ratios between gold/platinum and silver/platinum aren't as closely monitored, probably because the swaps would be less lucrative.
Besides, wouldn't you want to make that swap before Pt outperforms the other metals, rather than after? (not that I could predict it)
Now, Paladium - that's the one that seems to have really taken off lately, which figures because that's the one I opted not to buy this last time around.
I knew it would happen.
--Jerry
more upside than gold, its just the resell may be tough, probably only B&m stores, Pm shows,etc will buy it back.
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I have been involved with PM's for a bit longer than I would like to admit to.
My perspective today.... [ NOT including exact price/time predictions.]
GOLD:
Historicaly, gold has had the greatest demand. IT IS MONEY ... ANYWHERE.
Because it has always had the greatest demand, it has had the smallest Buy/Sell spread.
The future --- Gold will continue to have the highest demand of the 4 PM's I will go over...
and so will have the smallest spread going forward. Gold will continue to go up in U.S. dollar terms.
The government not of the people or for the people has set this in stone.
Fractional gold will become the coin/bar of choice. Most folks do not have $1000+
to spend at any 1 time....but a few 100 dollars is more the norm.
SILVER:
Historicaly, silver has had the 2nd greatest demand. The Buy/Sell spread is wider due to its
value and weight. It takes "X" as much effert to mint $1000 in silver as $1000 in gold.
At todays price +/- $10,000 in gold weighs less than 1 pound. $10,000 in silver weighs 39 pounds.
Just in shipping costs, you can see why silver, from the supplier, has to cost more.
The future --- I think that silver is going to out perform gold, percentage wise, for 2 reasons.
1] The new uses for silver are going to USE so much metal that demand is going to be incredable.
2] As the price of gold goes ever higher, silver by default becomes the affordable choice. I see it
happening already. How many dollars do you normally take to the show/B&M? 1 oz. worth of gold
or 10 or 20 oz's of silver?!
PLATINUM:
Historicaly, platinum is known to the PM/Numismatic community but is only a word for some exotic
metal to most folks. Even with its high value, due to a real lack of investor demand, coins & bars
have only been produced in very small numbers. The Buy/Sell spread has been so wide due to
limited production/avaliability when you are buying and the lack of demand when selling.
To answer the original question.... Due to a lack of demand... i.e. the wide spread.
It would be cost prohibitave to flip in & out of Platinum. NORMALLY.
The future --- I see Platinum as a metal of the future. Uses for it are EXPANDING much faster than
all of the working mines/reserves can supply. The Russians DID HAVE large stocks of Platinum in
the past. Those stocks are now gone. I know of no central banks holding any real quantity of Pt.
I think it is well worth the premium to put away a bit of Pt.
PALLADIUM:
Historicaly, who cared?
Then came the caticalitic converter. A mass produced item that uses Platinum or Palladium.
But wait, now we NEED flat screen monitors and TVs. Now demand is using up the supply.
The future --- Now we get to the real wild card.
Fuell Cells... IF these becomes wide spread .... Palladium has properties that Pt. does not ... and the price of Pd will sail past gold or Pt.
Cold Fusion ... IF cold fusion becomes a reality ... Pd. will sail past Rodium.
Again, a metal of the future. But when? I do not know. I just know that I am a buyer when the ever I get the chance.
OK..... I will give up the soap box to the rest of the forum .... as I am tired now.
Keep on Stacking!!
********************
Silver is the mortar that binds the bricks of loyalty.
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
1) produce much less CO2;
2) can never go "critical" (ie. meltdown accident);
3) produce waste with a half-life 1/1000 that of current nuclear waste;
4) should generate electricity for 1000 years;
5) can't be used for nuclear weapons;
6) Weapons grade Uranium and Plutonium can be added to the Thorium and destroyed in the reaction process.
US has a lot of Thorium reserves. Its current use is to make those little mantles for use in Coleman camping lanterns!!
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