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Nobody's interested in Plats it seems.

jmski52jmski52 Posts: 22,808 ✭✭✭✭✭

I'm trolling ebay with several Plats and I can't even get anybody to "watch" my auctions. It's like a desert out there. Maybe it's time to buy?

Q: Are You Printing Money? Bernanke: Not Literally

I knew it would happen.

Comments

  • jmski52jmski52 Posts: 22,808 ✭✭✭✭✭

    This portends a low sales number for the 2017-W Proofs. Doesn't it? Maybe? :p

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 19,076 ✭✭✭✭✭

    Platinum looks just like silver....no warm fuzzy feeling.

    People like quantity or quality so they'd rather have 60oz of silver than 1 oz of plat.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • bronco2078bronco2078 Posts: 10,201 ✭✭✭✭✭

    @jmski52 said:
    I'm trolling ebay with several Plats and I can't even get anybody to "watch" my auctions. It's like a desert out there. Maybe it's time to buy?

    if you can't sell what you have its never a buy signal :D

    Kidding aside , since the days of "best match" whether anyone ever sees your listings is not guaranteed.

    Try using your extra ebay ID's to watch it , make sure its free shipping that helps in search , don't list everything at once , each new listing gives you a boost in search standings so listing 20 things in one day is counter productive.

    Try using extra ID's to ask questions over your main ID that is selling, questions asked boost search standings , questions answered also boost search standings. Try adding a best offer , offers made appear to boost you in search even if you decline them. A friend of mine had me make offers on a few of his items that he declined and the items sold later in the day , coincidence? Maybe . Note that they weren't auto declined we did the whole 3 back and forth offers thing and ended in no sale.

    If its a pricing thing , list them in US coins not bullion maybe the chance to get ebay bucks will get the buyer over the edge. With coins it makes very little difference what category you list in. Only ebay old timers tunnel into the categories when searching. The rubes use best match right from the top level and people on mobile devices might not even know categories exist , I've heard 40% over buyers supposedly are on phones and tablets. If true 40% of your potential buyers pool are either without a real computer or just idiots by choice.

    All that is too much work if you have a store with a 100 items or whatever like I do but if you just want to move a few things its worth the extra effort.

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭

    @bronco2078 said:

    @jmski52 said:
    I'm trolling ebay with several Plats and I can't even get anybody to "watch" my auctions. It's like a desert out there. Maybe it's time to buy?

    If you can't sell what you have, it's never a buy signal

    This.

    Liberty: Parent of Science & Industry

  • gsa1fangsa1fan Posts: 5,566 ✭✭✭

    Not much of anything seems to be selling. I see all types coins being relisted for months that would have sold fast last year at their current prices ~IMO.

    Avid collector of GSA's.
  • ashelandasheland Posts: 23,177 ✭✭✭✭✭

    I don't understand it. I've always found Platinum intriguing.

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,271 ✭✭✭✭✭
    edited June 28, 2017 7:11AM

    They're some of the most beautiful coins we have. I've lost thousands of dollars on them. It is trying to make a market in them where I feel pain. Ah, but I do love their designs and should have stuck to collecting them, not dealing them.

  • derrybderryb Posts: 36,778 ✭✭✭✭✭

    @dpoole said:
    Funny, isn't it, how you can't sell the stuff now that it's cheap. Back when platinum was expensive, they were flying off the shelves.

    Yet another example of the ol' "Buy High, Sell Low" principle, which for some reason is practiced much more in real life than it's better-known opposite.

    speculators like to see definitive, positive price movement before they jump in. They will pay a bit more for less risk that sideways or downslide offers.

    "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

  • ShadyDaveShadyDave Posts: 2,195 ✭✭✭✭✭

    No thanks, I'll stick with gold and silver. I do usually buy the 1/10 US pieces at spot from LCS (he hates it) so I flip it and usually make 30-40.

    Platinum in my opinion is in no mans land for stackers and investors. Not historically used as money ( minus a few Russian coins) industrial uses are not really abundant (and declining with the auto industry) and it is hard to create into jewelry. I did buy it for the engagement band and wedding band for my fiancée, but that is probably the extent of me wanting to own it for the foreseeable future.

    Plus Russia has stockpiles of it hidden away...

  • USASoccerUSASoccer Posts: 445 ✭✭✭

    Start it at 99 cents with free shipping, you will have lots of action. That is what I do when I want something to sell.

  • SangoSango Posts: 177 ✭✭✭

    I'm a buyer of Platinum at the current time/prices (in the current fiat disaster:left the track). I'd be happy to take if off your hands, but diversification is key and I've been hammering a few particular cryptos this week. Hang in there, better days ahead >:)

  • MorganMan94MorganMan94 Posts: 1,330 ✭✭✭✭✭

    I actually was looking at buying some the other day but it is hard to buy without excessive premiums. The cheapest price I've seen for an ounce is still about $50 over spot, and grams seem to be $10 over spot each. It's hard to want to buy when you need prices to increase at least 5% to break even and on grams 33%

  • jmski52jmski52 Posts: 22,808 ✭✭✭✭✭
    edited June 29, 2017 4:43AM

    I put up a slew of modern gold, silver and platinum Moderns listed at or near what I believe to be market pricing and if I had to sell, I would of course keep dropping the prices until they caught a bid. This approach has worked fine for the gold and silver, but I may in fact have to sit things out with the Plats until the market re-asserts itself (which could still be awhile, based on what I'm experiencing.)

    But I don't have to sell, and this is what I keep preaching - keep a very healthy cash reserve and take your time both accumulating and divesting. Just keep an eye on the ratios of your holdings as you proceed, and always try to keep a tax neutral balance between gains & losses.

    I'm just pruning a bunch of misc extras to make room for more bullion and there's really no big reason to "churn the account". If I were to sell a bunch of platinum at a loss, then I'd have to sell some "cheap" silver for balance.

    Of course, the real objective is to sell it when there's nothing in the portfolio that's even in a loss position. B)

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • OPAOPA Posts: 17,118 ✭✭✭✭✭

    Anything will sell, if it's priced correctly. B)

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    edited June 29, 2017 5:56AM

    @jmski52 said:

    ..always try to keep a tax neutral balance between gains & losses.

    Of course, the real objective is to sell it when there's nothing in the portfolio that's even in a loss position.

    Yes, ideally.

    PS: If someone finds a way to be "tax neutral" and still strongly "profit positive" in investing, please let us know!

    Liberty: Parent of Science & Industry

  • bronco2078bronco2078 Posts: 10,201 ✭✭✭✭✭

    @Baley said:

    @jmski52 said:

    ..always try to keep a tax neutral balance between gains & losses.

    Of course, the real objective is to sell it when there's nothing in the portfolio that's even in a loss position.

    Yes, ideally.

    PS: If someone finds a way to be "tax neutral" and still strongly "profit positive" in investing, please let us know!

    thats an easy one B) all you need to do is

    REDACTED

    This post will self destruct in ..........3........................2.......................1...........................

  • jmski52jmski52 Posts: 22,808 ✭✭✭✭✭
    edited June 30, 2017 5:40AM

    _ If someone finds a way to be "tax neutral" and still strongly "profit positive" in investing, please let us know!_

    Become Secretary of State, approve some shady deals, start a foundation and then solicit donations from wealthy foreign business leaders and heads of state?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • PerryHallPerryHall Posts: 46,096 ✭✭✭✭✭

    @jmski52 said:
    _ If someone finds a way to be "tax neutral" and still strongly "profit positive" in investing, please let us know!_

    Become Secretary of State, approve some shady deals, start a foundation and then solicit donations from wealthy foreign business leaders and heads of state?

    Don't be surprise when the Special Council investigation of the alleged Trump collusion with the Russians eventually expands and starts investigating the Russian donations to the Clinton Foundation soon after Hillary approved the Russian purchase of 20% of the US uranium assets.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • ashelandasheland Posts: 23,177 ✭✭✭✭✭

    @PerryHall said:

    @jmski52 said:
    _ If someone finds a way to be "tax neutral" and still strongly "profit positive" in investing, please let us know!_

    Become Secretary of State, approve some shady deals, start a foundation and then solicit donations from wealthy foreign business leaders and heads of state?

    Don't be surprise when the Special Council investigation of the alleged Trump collusion with the Russians eventually expands and starts investigating the Russian donations to the Clinton Foundation soon after Hillary approved the Russian purchase of 20% of the US uranium assets.

    We can hope!

  • metalmeistermetalmeister Posts: 4,586 ✭✭✭✭✭

    It takes 100 tons of hard rock mining to make 1oz of Pt.

    email: ccacollectibles@yahoo.com

    100% Positive BST transactions
  • SangoSango Posts: 177 ✭✭✭

    Platinum is back on the menu for me in the coming week, what ya got?

    I love the little white metal. <3

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,271 ✭✭✭✭✭
    edited July 8, 2017 10:24AM

    Heavy metal is toxic

  • bronco2078bronco2078 Posts: 10,201 ✭✭✭✭✭

    If the designs are so wonderful why did the mint choose to put them on a metal that would sell so few pieces? All those platinum designs everyone likes would have sold millions as 1 oz. silver or even as commemorative dollars

  • derrybderryb Posts: 36,778 ✭✭✭✭✭
    edited July 8, 2017 7:20AM

    @Baley said:

    PS: If someone finds a way to be "tax neutral" and still strongly "profit positive" in investing, please let us know!

    A successful Roth IRA brokerage account can do just that.

    "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

  • dpooledpoole Posts: 5,940 ✭✭✭✭✭

    I'm not sure what this has to do with platinum, but I am grateful to read some investigative effort addressing the uranium deal allegations floating around involving the Clintons. It's been difficult to find an objective voice on either side.

    So thanks for that.

  • cohodkcohodk Posts: 19,076 ✭✭✭✭✭

    You had to go and kill a good conspiracy. Dang you!!

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • USASoccerUSASoccer Posts: 445 ✭✭✭

    Snopes is not the most trusted news source...

  • PerryHallPerryHall Posts: 46,096 ✭✭✭✭✭

    @USASoccer said:
    Snopes is not the most trusted news source...

    Agree. They have a reputation for having a left wing bias.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • cohodkcohodk Posts: 19,076 ✭✭✭✭✭

    @PerryHall said:

    @USASoccer said:
    Snopes is not the most trusted news source...

    Agree. They have a reputation for having a left wing bias.

    So it's like Zerohedge? Ooops, sorry, that's Russian backed. My mistake. ;)

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,778 ✭✭✭✭✭
    edited July 11, 2017 8:23AM

    Most everything posted on the internet (and elsewhere) involves an agenda. Take the previous post for example. . .

    It is the reader's responsibility to develop an informed opinion based on many sources. Or just accept things like Consumer Price Index, Inflation rate and Unemployment statistics strait from the "horse's" mouth.

    "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

  • cohodkcohodk Posts: 19,076 ✭✭✭✭✭
    edited July 11, 2017 7:10PM

    Yes derryb, and that's why I've always advocated getting ones boots dirty and travelling this great land. This you can do on a horse, but I would recommend the equivalent of several hundred horses to speed the journey....it's an awfully large country.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,808 ✭✭✭✭✭

    With platinum at these prices, I've been picking off some of the MS-70 and PR-70 specimens that I need as upgrades. I'm wondering if this will be one of the last opportunities to upgrade at reasonable prices.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,271 ✭✭✭✭✭

    Isn't a palladium coin due out this year ? It coincides with the rise in prices for that commodity, if so. And at these prices, some is always better than none.

    And I like your strategies and thinking, jmski52. And I like entertaining COINSpiracy theories.

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