Is platinum back in fashion?
Steve27
Posts: 13,274 ✭✭✭
It's over $30/oz higher than gold right now.
"It's far easier to fight for principles, than to live up to them." Adlai Stevenson
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Let's see for how long I can say that...
<< <i>It's over $30/oz higher than gold right now. >>
I take that as a sign that gold is a bargain.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I knew it would happen.
No, because there's no really good way to know that the headline in 2 years won't be "Platinum Supply at 20 year low".
I knew it would happen.
Tenths, quarters, halves and all those luscious pre-2004 RP Ouncers!
Git after it Plat.
I did it to diversify.
Haven't lost money, but haven't really gained it. Still, glad I've got a little in case Pt decides to take a trip to the moon. Not that I'd ever sell
--Severian the Lame
At the same time, demand from carmakers, the biggest consumer of the metal, will increase 0.5 percent in 2013, Barclays says.
Perhaps, most importantly investors are buying platinum at the fastest pace in three years and yet holdings of platinum remain very, very small.
Global production of the metal will fall as South African output drops 3.4% to a 12-year low of 4.11 million ounces, Barclays estimates.
“Supplies are very tight and it’s a serious situation,” said Mihir Worah, who manages $110 billion in real return strategy funds at Pacific Investment Management Co., in Newport Beach, California told Bloomberg.
“Not only are there issues on the supply side, we could see surprises on the demand side as well.”
Demand your share!
<< <i>Fashion has nothing to do with it, but demand & possible supply problems may. >>
Fashion has everything to do with a metal which is 50x more rare than gold, but isn't as widely hoarded.
Now almost $60/oz above gold!
<< <i>
<< <i>Fashion has nothing to do with it, but demand & possible supply problems may. >>
Fashion has everything to do with a metal which is 50x more rare than gold, but isn't as widely hoarded.
Now almost $60/oz above gold! >>
Only if you're wearing it, but mine is used when driving my car
<< <i>I don't know if Pt is back in fashion but it feels good to finally say I bought this set at melt!
Let's see for how long I can say that...
Well Matteo, I'm just feeling generous today so if you feel the necessity of 'unloading' it upon the same terms....... well, you've got my number.
Regards,
John
Translucent Natural Blue Star Sapphire - Platinum Ring
Stuart
Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal
"Luck is what happens when Preparation meets Opportunity"
<< <i>From the Jmski article:
At the same time, demand from carmakers, the biggest consumer of the metal, will increase 0.5 percent in 2013, Barclays says.
Perhaps, most importantly investors are buying platinum at the fastest pace in three years and yet holdings of platinum remain very, very small.
Global production of the metal will fall as South African output drops 3.4% to a 12-year low of 4.11 million ounces, Barclays estimates.
“Supplies are very tight and it’s a serious situation,” said Mihir Worah, who manages $110 billion in real return strategy funds at Pacific Investment Management Co., in Newport Beach, California told Bloomberg.
“Not only are there issues on the supply side, we could see surprises on the demand side as well.”
Demand your share! >>
Another example of fundamentals meaning nothing.
Knowledge is the enemy of fear
I knew it would happen.
Terribly tough to photograph with the iPhone camera. Here's the best I came up with after a few tries:
1 troy ounce China Panda platinum (from top to bottom, left to right)
a) 1987 New York coin show panda in platinum
b) 1988 Basel coin show panda with platinum die struck in gold error (no actual platinum medals were struck)
c) 1987 proof panda platinum
d) 1988 proof panda platinum
e) 1989 proof panda platinum
f) 1990 proof panda platinum