Thread: Why are premiums so crazy on platinum??!?! Id like to diversify, but can't justtify.

I would love to phyisically own more platinum. I love my gold and silver and will always hold my majority of precious metals in gold and silver. The only platinum Ive been able to buy is when someone sell me something marked .950 and mistakes it for silver. Or a couple times that I got lucky on ebay, but basically, platinum is not readily availiable at a reasonable premium. Maybe I havent looked in the right places, or there is something I don't know about the metal that someone can enlighten me on.

Thanks for the insight
-Joe

I don't even own any platinum yet, but I've thought about buying some. Just haven't gotten that offer I can't refuse yet. Someone will chime in here soon and talk about it, I'm sure.

Platinum (especially physical) just doesn't have the same investor demand as tried and true gold and silver. It is infrequently traded, thus a higher premium. Same goes for Palladium. Rhodium and other similar metals.

Originally Posted by Pokermandude

Platinum (especially physical) just doesn't have the same investor demand as tried and true gold and silver. It is infrequently traded, thus a higher premium. Same goes for Palladium. Rhodium and other similar metals.

Actually that makes a lot of sense. I hadn't thought of that.