Platinum up 23 dollars, on foreign markets

Bear · January 23, 2007 11:12AM

1180

LincolnCentMan · January 23, 2007 11:18AM

Woo hoo! I made $69 today. Hold me back!!! I got enough profit to pay for two months of high speed internet!!!!

-David

Bear · January 23, 2007 11:22AM

Well, thats always better than

a sharp stick in the eye.

410a · January 23, 2007 11:30AM

I was going to ask what was going on here. I saw that rise late
this afternoon after the Kitco close in NY. Then of course it is earlier
where you are so keep us posted on what and why, oh wise one.

Bear · January 23, 2007 11:34AM

Towards the end of most months, the settling of various options

can cause sharp movements in metals, that in the long run, are not

very meaningful in the trend line.

planetsteve · January 23, 2007 11:37AM

I see rising platinum prices as a double-edged sword for those of us interested in trading the platinum coins. A rise in the price of the base metal will certainly bump up prices of the relatively high-mintage earlier proofs, and could possibly even raise prices of the 2006-w unc issues.

OTOH, this metal is pretty high priced already, which has likely been the major factor behind declining sales of Mint issues. If platinum goes high enough, it could conceivably be that the 2007 issues will replace 2006 as the new keys -- or even that the Mint will do away with platinum sales altogether, which isn't going to do much for interest in the existing issues.

jmski52 · January 23, 2007 11:40AM

OTOH, this metal is pretty high priced already, which has likely been the major factor behind declining sales of Mint issues. If platinum goes high enough, it could conceivably be that the 2007 issues will replace 2006 as the new keys -- or even that the Mint will do away with platinum sales altogether, which isn't going to do much for interest in the existing issues

Yep, Steve - it happens every year. Makes me crazy!

Bear · January 23, 2007 11:41AM

The 1/10, 1/2 and half ounce platinums will remain fairly

within in reach, of folks of moderate means. The 1 oz, may

either become the peac*.oks tongue of Mint collectables, or

the Dodo Bird, doomed for extinction.

circulated · January 23, 2007 12:26PM

<<or even that the Mint will do away with platinum sales altogether, which isn't going to do much for interest in the existing issues>>

You think? I think the opposite might be the case.

planetsteve · January 23, 2007 12:37PM

<< <i><<or even that the Mint will do away with platinum sales altogether, which isn't going to do much for interest in the existing issues>>

You think? I think the opposite might be the case. >>

I wouldn't be surprised by either outcome. I was thinking along the lines of current interest in 2, 3, 20 cent pieces... but on the other hand the plat proofs and unc-w's do have different reverses, which makes the whole plat series more than just one major type coin.

Platinum up 23 dollars, on foreign markets

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