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Why can't i find platinum at spot?

You can find gold and silver pretty easily at or near spot. Why can't I find platinum?
Beginner that wants to learn.

Comments

  • BarndogBarndog Posts: 20,518 ✭✭✭✭✭
    where is the silver at/near spot?

    Oh yeah, we have a precious metals forum
  • LanLordLanLord Posts: 11,730 ✭✭✭✭✭
    if you just bought plat at $2100 a few weeks ago would you be ready to toss it away at $800 now?
  • ziggy29ziggy29 Posts: 18,668 ✭✭✭


    << <i>You can find gold and silver pretty easily at or near spot. Why can't I find platinum? >>

    You can find silver easily near spot? Where? Are we talking about one ounce rounds or 1,000-ounce bars?

    Right now silver and platinum have crashed hard enough that depending on what you believe, bullion dealers either won't sell them at these prices or there is so much demand at these prices that these metals are sold as soon as they can buy them. Gold hasn't cratered nearly as much, so the gold bullion market is still fairly orderly -- at least relative to silver and platinum.
  • CladiatorCladiator Posts: 18,301 ✭✭✭✭✭
    I can't remember the last time I saw silver selling at or even near spot in quantities less than 1,000+ ounces.
  • wondercoinwondercoin Posts: 17,051 ✭✭✭✭✭
    I am paying 17% over spot for some common fresh Proof Platinum today and even (way) larger premiums for even better dates. I could buy all I wanted 6 months ago at spot. One small advantage of this crashing metal price.

    Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • YaHaYaHa Posts: 4,220
    See Spot run, see Spot jump, see Spot eat.image
  • CaptHenwayCaptHenway Posts: 33,058 ✭✭✭✭✭


    << <i>You can find gold and silver pretty easily at or near spot. Why can't I find platinum? >>



    No, you can't find gold and silver easily at or near spot. Or platinum.

    Please google "The Law Of Supply And Demand."
    Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Author "The Enigmatic Lincoln Cents of 1922," due out late 2025.
  • OPAOPA Posts: 17,151 ✭✭✭✭✭


    << <i>You can find gold and silver pretty easily at or near spot. Why can't I find platinum? >>



    In what world are you living in? I have not been able to locate any PM's at or near spot & that includes culled Morgans or Peace $
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • illini420illini420 Posts: 11,467 ✭✭✭✭✭
    I definitely have been unable to get silver or platinum at spot lately, but you can get gold for less than spot on eBay using the cashback promo still. I've even sold some below spot after rebate in the last week.

    Been trying to get silver near spot, but even with 30% cashback i'm still paying just over the spot price. seems like folks aren't willing to sell at current prices when they likely paid higher. might take awhile for folks to need the cash enough to realize their losses...
  • RaufusRaufus Posts: 7,030 ✭✭✭✭✭
    Where is the PM forum? Thanks.
    Land of the Free because of the Brave!
  • CameonutCameonut Posts: 7,395 ✭✭✭✭✭


    << <i>Where is the PM forum? Thanks. >>



    Under Navigation in the upper right, use the pull down menu and select Precious Metals.

    “In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson

    My digital cameo album 1950-64 Cameos - take a look!

  • RaufusRaufus Posts: 7,030 ✭✭✭✭✭
    THANKS!!
    Land of the Free because of the Brave!

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