Thinking of buying Platinum. Arguments for and against?

[jjmcwill]

I've sold enough Silver in the last run up to Cover all my premiums paid and turn A profit. Not looking to Sell anymore and too risky to buy right now. Gold Also could take A serious hit. Platinum suddenly seems to be the Obvious choice. There was A time when platinum was selling Above gold and Palladium. I think the automobile industry switched from platinum to palladium in catalytic converters. At least I think I recall reading an article stating that at one point.
At any rate, it seems that the smart buy I'm PMs is Platinum. My gut has been telling me that for A couple of years now. One huge benefit if the $100 face value.
The last time I didn't listen to my gut Rhodium was selling at under $2000 and Palladium was only $300. I decided to pass on both at the time.
It seems to me that Platinum is the only PM that makes sense at the moment.

Arguments for.or against?

[BodieGhost]

Platinum is mined in very few places outside of South Africa and Russia. Labor disputes at these mines lead to supply disruptions, and higher prices. Some market watchers are predicting global supply shortages in the next couple of years.

On the flip side, premiums are high on the buy side.

[motocat]

If you don't have any platinum, I think it's a great buy now to help diversify your PM holdings (as none of us really know the future or how the various PM's will do relative to each other). At historically low price compared to gold, not at a bad price pint either, and premiums are down vs a year ago. Platinum is also far more compact than silver, and even more than gold, so the room it takes up is minimal. Also less counterfeit concerns. A definite buy now if you do not already have a good amount.

[vertical1]

Just found this article and was a bit confused by the published dates and the "update" of recent info?

thepeninsulaqatar.com/article/20/01/2014/platinum-mine-workers-to-strike

[Hombre Plata]

Just do it!

[ruthenium]

PPLT is at a fork in the road....no pun intended....

https://www.tradingview.com/x/CCi9cNj1/


platinum spot is right at the 200MA

https://www.tradingview.com/x/pLqTKW0I/

if it can cross it next week ok for a time. I can wait since I have some...but if you need it.

[vertical1]

but unless I miss my guess, there is a distinct possibility that the Russian supply tap for platinum could vanish at least for a while.....

This could cause short supplies just like everything else we are currently experiencing.

Gubbment cut off damn mexican Avacados....there will be a market reaction to that mark your pocket book

[ruthenium]

https://www.tradingview.com/x/O558Vm4V/ sitting at old resistance

[Silvermedicine]

I've sold enough Silver in the last run up to Cover all my premiums paid and turn A profit. Not looking to Sell anymore and too risky to buy right now. Gold Also could take A serious hit. Platinum suddenly seems to be the Obvious choice. There was A time when platinum was selling Above gold and Palladium. I think the automobile industry switched from platinum to palladium in catalytic converters. At least I think I recall reading an article stating that at one point.
At any rate, it seems that the smart buy I'm PMs is Platinum. My gut has been telling me that for A couple of years now. One huge benefit if the $100 face value.
The last time I didn't listen to my gut Rhodium was selling at under $2000 and Palladium was only $300. I decided to pass on both at the time.
It seems to me that Platinum is the only PM that makes sense at the moment.

Arguments for.or against?

It is almost equal to gold as far as rarity in the earth's crust, but is much harder to obtain, where it is pulled out of the ground at near 10:1 gold to plat. So it is much rarer, but the demand for it is much less than gold - much shorter history. It is a precious metal with mostly industrial rather than monetary use. If they retool catalytic converters to use platinum again, it will go up a lot and I understand it is used in hydrogen fuel cells, so when that comes around it will also be in more demand. It is of course much more valuable that silver per weight, but I still think silver is nearly equally undervalued. Silver just takes up more room.

[Comet]

PT and PD were a buy years ago. PD has been one of the best. Maybe there is still some rise left.