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Would you trade Platinum right now for either gold or silver?

PreTurbPreTurb Posts: 1,193 ✭✭✭
in Precious Metals
Given these four options, if you were overstocked in platinum right now, would you:

1) Hold platinum
2) Sell platinum for dollars
3) Trade platinum for gold
4) Trade platinum for silver

Comments

  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    If I felt "overstocked" #3 would be my choice.
    Avid collector of GSA's.
  • PerryHallPerryHall Posts: 46,113 ✭✭✭✭✭
    Platinum is an industrial metal and should do quite well during an eventual economic recovery.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
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  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    I've thought about it and I am literally at a loss for words/decision.

    All of the metals seem high right now. So selling Pt, especially if it was bought right, seems to make sense.

    But because the metals all seem high, selling Pt to buy Ag or Au seems like a wash at best.

    But I don't really want dollars, either.

    Maybe liquidating and realizing some gains, redirecting the $$ into some other asset class?
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
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  • BBQnBLUESBBQnBLUES Posts: 1,803 ✭
    #4 would be My choice... Considering Silvers potential gains within the next 6 months.
  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    I don't know what "overstocked in platinum" means.

    I'm kinda with Weiss on this, but not entirely. I'm actually leaning toward small additions of platinum as the money trickles in, and I think that holding platinum in larger percentages won't hurt you. I think that platinum is the least overvalued of the 3 pms (if any of them are overvalued at all), and on the flip side - I don't think keeping a significant sum in dollars would work out very well in the foreseeable future.

    If I had expertise in another field that could be productive, I might consider it, but I'd probably wait until the tax picture becomes much more predictable. I just don't see us getting much further down the road free & clear. PMs are the way to not get creamed, given what we already know.

    Edited to correct "under" to "over".
    Q: Are You Printing Money? Bernanke: Not Literally

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  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    I'm with jmski52 on this.

    I think platinum is undervalued and will outperform gold in the next few months. Headed for $2,000. If I had it, I don't think I'd sell it now. But I don't own any.

    Find it hard to believe that anyone here is overweight plat compared to gold or silver.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • calleochocalleocho Posts: 1,569 ✭✭
    Actually if you consider the gold and silver ratios to platinum it could make sense to sell the silver and buy PT.

    Not too long ago it took over 100 ounces of silver to buy an ounce of PT.

    I sold all my PT a while ago ...( i had 0.35 ounces) lol

    BTW...Hard to sell when compared to gold and silver.

    "Women should be obscene and not heard. "
    Groucho Marx
  • storm888storm888 Posts: 11,701 ✭✭✭

    On any new strength, I would sell the platinum for dollars.

    Then, I would decide what else to SLOWLY do with the dollars.








    Folks Who Bite Get Bitten. Folks Who Don't Bite Get Eaten.
  • gecko109gecko109 Posts: 8,231 ✭
    Pt makes up less than 4% of my stack by value. I dont have enough to even worry about liquidating it!
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    there should be a option of trading it for gold and silver!
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  • goingbrokegoingbroke Posts: 1,410
    I had several Plat. Eagles and found they were HARD TO SELL. I finally managed to unload them (for a loss) and used the money for gold. I suspect the gold coins and bars will sell far easier!
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  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    I had several Plat. Eagles and found they were HARD TO SELL. I finally managed to unload them (for a loss) and used the money for gold. I suspect the gold coins and bars will sell far easier!

    Platinum is a smaller market and less liquid, so Platinum Eagles are harder to sell on a local basis at a fair price sometimes. However, at a larger coin show, they are easy to trade or sell off. By comparison, gold and silver are more liquid, for sure. Silvertowne always makes a fair market in platinum bullion, and I am sure that a reasonable percentage of other dealers do as well. Holding platinum in any significant percentage does require some advance planning in terms of selling it, but not unreasonably so.

    Remember that platinum is an industrial metal that is being consumed and that it is 10X rarer than gold. Platinum will have it's day from time to time, and if you are going to hold platinum, it needs to be in sufficient amounts to make a difference when it goes "up". It's hard to sell, mainly because it's hard to let go of, not because it's hard to dump.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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