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NutFlush
12-13-2007, 05:56 PM
Yes i broke down and decided not to buy my regular Pd amount. Today i bought my first Pt maple. I paid only 1552 CDN Oz at noon today . I bought my from a local dealer and it was 100 CDN Oz cheaper than kitco and 50 CDn Oz ;difference from Border gold . I think he made a mistake but I aint sayin nothing
;) .

dtrvler
12-14-2007, 02:29 PM
Did 5 Pt Am Eagles from Stanford Coins at spot...1467 I hate the premium on Pt but I got around it on this deal
Go Pt

NutFlush
12-14-2007, 07:22 PM
I wish had more cash to invest. I sold my Tundra this year and am driving a 91 Corolla now LOL . The boys at work howl at me all the time . I drive the SH!!!!! ride and am one of the senior guys on are crew. But now I save 600 CDN a month so I can throw my money into PM . MY toya would hold decent value but im sure 20 years from now all my Pd im holding will be looking better than some beat up broken down 20 year old Tundra.

But I must say the more research I do I honestly dont know how much Pt ill buy now . Holding three Oz of Pd and twenty Oz of Au seems like a better deal than 1 OZ Pt but I am committed to getting one pound Pt so I guess im stuck . Luckily last three years all my extra change has gone into Pd .

Megiddo
12-15-2007, 01:03 PM
So far I'm strictly a gold & silver man. The U.S. Mint is offering an Anniversary issue of two 1/2 ounce platinum special issue coins...well over spot (nearly 2 grand for the total ounce). One of the coins is a 'reverse' proof. In the past with silver and gold these 'reverse proofs' have skyrocketed. They have a limited issue of 30,000 sets and appears they are still available. Question: Good idea or waste of $$ ??

EagleEye
12-17-2007, 10:00 AM
Good for you nutflush! Wish you could have gotton on sooner but I still feel we are on our way to $1800. pt is the densest metal you'll probably ever lay your hands on!

dtrvler
12-17-2007, 12:23 PM
Milestone...................................in Oct. we just hit 1498.80, so we have now broken that intra-day high...the contracting triangle is breaking out on Pt...

NutFlush
12-29-2007, 10:32 PM
Good for you nutflush! Wish you could have gotton on sooner but I still feel we are on our way to $1800. pt is the densest metal you'll probably ever lay your hands on!

Indeed it is really dense first I was really amazed when I saw it I thought gold was small. It almost looked like A large nickel. It is quite a bit smaller than my Pd Maples. I like it and yes I to wish I bought in early.

jcn50
12-30-2007, 07:41 AM
Question: Good idea or waste of $$ ??

To me: Pt in general is a very good idea, and you don't have to buy the special anniversary coins to invest in Pt (although it will be a good deal to resell those in 5~10 years!).
Unfortunately, Pt is not well known (except in Japan): people always think that gold is the scarciest metal.

EagleEye
12-30-2007, 09:44 AM
See for yourself.
http://en.wikipedia.org/wiki/List_of_elements_by_density

EagleEye
12-30-2007, 09:49 AM
Be careful when buying platinum jewelry!

The platinum world is being turned upside down and I thought someone should let you know. But, before we get into that, I need to make you a platinum aficionado. So, I went to Google and typed in "what is the definition of platinum?" This is what I got: "One of the rarest precious metals, platinum is also one of the strongest and heaviest, making it a popular choice for setting gemstone jewelry and watches. It has a rich, white luster, and an understated look. Platinum is hypoallergenic and tarnish resistant. Platinum used in jewelry and watches is at least 85 to 95 percent pure. Many platinum watches are produced in limited editions due to the expense and rarity of the metal." "Rare, silvery white metallic element of great strength, weight and resistance to corrosion. Difficult to alloy, cast and work owing to its very high melting point. The standard of platinum in the US and most western countries is 95% pure and is marked PLAT. From platina, little silver, the word the Spanish gave it when first seen in South America in the 18th century." "Platinum is a strong metal that is white in color. It is heavier than gold, and holds stones well. Platinum is one of three precious metals including silver and gold." "A precious metal used in the finest articles of jewelry, notable for its strength, malleability, and silver-white appearance." "Platinum is a white metal, but unlike gold it is used in jewelry in almost its pure form from 85%, 90% or 95% pure. Platinum is very hard and is extremely long wearing and is very white, so it does not need to be Rhodium-plated like white gold. Platinum is very dense making it much heavier than 18k gold. Because platinum is hard it is best suited for setting the large, valuable stones. The platinum prongs for setting stones would be stronger than the setting made with softer gold." "A metal element whose rarity and unusual tensile strength make it extremely valuable, with a price exceeding even that of gold. It is a heavier, silver-white element that is malleable and ductile and does not corrode. Nor does it tarnish. It needs great heat to fuse, and this durability -- coupled with its harmonious color -- makes it ideal as a diamond setting. When employed for jewelry, it is used in the form of a platinum alloy." "A dense (heavy) silvery, grey metal, atomic number 78, atomic weight 195.078 , used by pre-Columbian South American Indians, and rediscovered in the 18th century. Its first use for coins was by Russia in 1828, following the discovery of large platinum deposits in the Ural Mountains in 1822." "A highly valued precious metal. Platinum is 95% pure, reflecting a brilliant white luster that does not fade or tarnish. It has a higher density than most metals and is more durable and less likely to show wear." Platinum was never less that 85% pure under any definition. Well, now platinum is being DOPED! Large metal manufacturers are taking pure platinum and cutting it with copper and cobalt! The product is being sold as 585 platinum. The 585 stands for 58 % pure platinum and 41 % copper and cobalt. The C & C (copper and cobalt) is used as a filler! By diluting the platinum with cheaper alloys the manufacturer can practically double his profits! This comes at the expense of you, the consumer, if you think you are getting the real McCoy. The large manufacturers that are producing this product tell me that they are not breaking any Federal Trade Commission guidelines as long as they inform the consumer (you) that you are buying watered down platinum with the 585 stamp inside the ring. The problem comes in when the doped platinum gets sold over and over down the supply chain and less scrupulous vendors decide to remove the 585 and leave just the plat stamp. (This can be done in less than 60 seconds on a polishing wheel). Then you decide to go on-line and buy what appears to be a great deal on a platinum band only to possibly find out later (when it cracks, craters, discolors, or your finger breaks out in a rash) that you have been duped by doping! How can you protect yourself Only buy a platinum ring from a well know manufacturer (Novell, Benchmark etc) or from a vendor that will put in writing and guarantee the platinum content of your ring (90 to 95% pure is a good measuring stick with 5-10% iridium). A standard 6mm (1/4 inch) comfort fit platinum band weighs 12-13grams. A doped platinum ring will come in weighing over 33% less at 8.6 grams (approximately). The color can also be a dead give away; all the pieces I examined couldn't be polished up to hold a true white-luster but more of a grey-luster. What makes visual identification so difficult is 585 can be dipped in rhodium (a platinum group metal) to mimic the look of real platinum. Melting point. Since the melting point of true platinum is so much higher than that of doped platinum, the minute a torch touches the imposter its shell will oxidize (black film crust). Of course this test requires a jeweler and a torch; not necessarily things you have laying around your garage. Conclusion: The question is, where is all this going--platinum isn't really platinum; diamonds are baked, laser drilled and fractured- filled. Everything comes with a disclaimer; every one, it seems, is trying to pull a fast one. We live in a world that your identity could be stolen just by going on your computer. Now you have to worry about the true identity of your platinum ring. The people who don't ask a lot of questions about what they are buying probably are not getting what they are expecting.

http://www.ftc.gov/os/comments/jewelryplatinum/517683-00017.htm

NutFlush
02-21-2008, 02:56 AM
Did 5 Pt Am Eagles from Stanford Coins at spot...1467 I hate the premium on Pt but I got around it on this deal
Go Pt

Do you hate your premiums now HAHAHA. I bet you wish you sold your house the day we posted this and bought PT. Dont worry me to, I was thinking dang if I was only Marty Mcfly I could have sold everything I owned bought Pt with the money and then sold today for a huge 40 day get rich scheme.

Clearly up 600 USD Oz in forty days is something to talk about. Im almost ready to sell MY Pt and buy 4 oz of Pd because then I can get 4 ounces for 1500 CDN Oz what I paid for my Pt 40 days ago. Amazing that is probably one of the best 1500 CDN I ever spent.

dtrvler
02-21-2008, 03:15 AM
I also bought more Pt at 1543...paid the premium...and loving every minute of it now...
Pd blowing by Pt on a percentage basis at this time...
But Pt is also very useful and rare...big supply shortfall coming in 08...bigger than in 07 (250,000 oz.) I think this year Pt shortfall should be around 500,000 oz...we will see after the probs in SA with Elec and Smelters.
Anyway, congrats on your noble metals Nutflush...
All the best...