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Why is Platinum dropping so fast

coinspeakcoinspeak Posts: 283
in U.S. Coin Forum
Why is platinum dropping in price??

Also, will the Mint put the 2008 coins back on sale and if so at the current value of platinum, the original 2008 price or some other .....?/



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Ships are safe in harbor but thats not what ships were built for.

Comments

  • Coin FinderCoin Finder Posts: 7,517 ✭✭✭✭✭
    Plat is considered an industrial metal and is used for among other things automobiles. This auto industry is sinking fast so I think Plat may be oversold....
  • PrethenPrethen Posts: 3,461 ✭✭✭
    Platinum is 15 times rarer than gold but the spread between the two is the smallest in recent memory.
  • cladkingcladking Posts: 28,964 ✭✭✭✭✭
    The market is starting to price in a depression caused by the inability of our leaders to act.

    If we do get anything it will be pork. This problem was caused by pork so it will be like
    throwing gasoline on a fire.
    tempus fugit extra philosophiam.
  • fcfc Posts: 12,796 ✭✭✭
    plat was promoted as investment metal when in reality it is a commodity (industrial metal).

    the economy slows down, plat tanks.

    gold on the other hand gets much more respect. silver less so but
    more then plat.

    as others have said, just look at the price of rhodium right now
    for an easy comparison of how industrial metals perform in this env.

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