$100 Platinum 1oz Eagles, 2008 and prior "brilliant uncirculated"... I bought one

Correct you are! :thumb:

This guy is on Fantasy Island, probably crash landed there and got a nasty bump on his head then woke up talking to a football or something...

 

Log in or Sign up to hide this ad.

Been there done that. You should practice what you preach, if you did, and if you read and comprehended what you read, you wouldn't make so many errors in your statements nor need to proclaim you don't read what others correct you about. When your bubble bursts don't come crying to blame someone else because only you will be responsible.

 

I agree gold is not industrially very useful like platinum like the OP says. But gold is valuable because it is gold, simple as that. Humans have always been fascinated by it and coveted it.

I like platinum more than gold, but on another thread I tried to point out the trouble of relying on industrial demand. In industry NOTHING is irreplaceable. Everything has a highest value, so by definition this will put a ceiling on platinum for existing uses.

To me, platinum has a stronger industrial demand that should supply better support, but limit its absolute upside. Platinum is rare by far, but also means any new supply could really tank the market. Gold doesn't have that support, but the emotionality of gold also does not put a cap on the upper end. That is how I would view the respective markets. Which is better? Eh, I really don't have a clue. I wouldn't pay $1892 for $1512 worth of platinum though. I might pay $30 over spot.

Btw, to OP, have you checked your gold bars for tungsten? I have heard Dubai had some of those gold covered tungsten bars go through it. Maybe electrically test it.

 

Amongst other uses, the industrial uses of gold mustn't be overlooked: The Many Uses of Gold

 

Nice link, but it kind of reiterates gold does not have a lot of demand except because its gold. The uses listed are either in tiny amounts,(electronics) very specialized, (outer space) or used sometimes but substitutes are available for a price, (glass). Even dentistry is not really used anymore, I don't have any gold fillings, and don't know of anyone under 50 who does, (unless on purpose for certain groups). Then take this demand versus the MUCH higher mine output of gold versus platinum and lack of platinum stockpiles, and platinum very much is rarer and more useful to industry.

This does NOT mean it will be a better investment though. Asian demand for gold is nearless limitless.

 

The link was to provide a quick reference, for the OP and others, to illustrate some of the key uses for gold by industry, not all uses are necessarily listed in that link. It was also employed so that I didn't have to type out a list of those uses myself to argue it is a viable material that remains widely in demand by industry. The amount of gold used by industry doesn't diminish the need (demand) for it nor does the limited amount of platinum available in stockpiles make it more useful as a material. The ready supply of a material does not make it more useful than another material. In industrial uses, the material is useful for its properties and applications. It's rarity helps to set its value.

As you have gone about citing some of the uses of gold in industry, you have only done so in manner that attempts to diminish the role of gold in industry by matters of 'scale' suggesting the quantity of it's use by industry makes it less in demand. Gold is incredibly useful on the small scale, say on a computer chip where it is very thinly applied. Rarity of platinum creates a type of demand. It is one that effects value certainly, but the abundance of gold and its incredible amount of applications have made it the superior choice. It supply means there is enough of it but it is its usefulness that is in demand with rarity effecting value. Gold has uses in commerce, industry and ornamental applications and retains its intrinsic value under all conditions, but platinum cannot serve as many uses as does gold whose supply makes it the metal of choice throughout centuries. Golds functionality transcends cultures who see and value, demand, golds for its superior properties.

Selecting one ethnic group from all others does nothing to support the reason why gold remains the superior metal for: industry, ornament, as a commodity and as money. Human demand for gold, which is served by industry, is limitless or until something else comes along to replace gold in this capacity, which platinum has not.

I will also point out to you that apart from your personal experience, I and many others do know people under 50 years of age who have gold fillings in their teeth.

 

If I bothered to read, then take apart and prove everything you say wrong then I'd really only be proving one thing: that I have no life. You can have no life, it's up to you, but I'd rather just ignore you.... whatever your name is.... guy with the long posts.


Anyway you can sit your fat fanny and whine but while you do so I implore you to look at the gold/platinum prices over the next 2 years. Hell 1 year should be enough. Your ruining my thread with your whining and I'm about to report you to the admin but I haven't yet so please, for your own sake, be quiet. Or at least stop listing fallacies with NO EXPLANATION... that's a fallacy in itself. Your training in logic is a joke, either that or you're just plain lazy... I would guess the latter.

 

What bubble? Been where? You have no idea how useful platinum is and the % of use is what I'm talking about. Again... go read the wikipedia article on platinum... which btw your asking me to practice what I preach while you don't... It willl enlighten you. Gold has many uses but they are largely replaced by FAR CHEAPER metals. Gold is NOT a catalyst. I studied Chem at SDSU and I know what is and isn't useful as far as chemicals.... gold has 2 good properties: oxidative resistance and conductivity, both of which are surpassed by 1) Platinum (in a huge way) and 2)Silver

 

LOL! Good luck pal you're gonna need it with that closed mind of yours.

If you bothered to read anything you might have something to discuss here. You're quite one to talk about lengthy posts as well. Since you're so off base I'll appraise you of another thing, my comments are based on a few decades worth of experience with bullion and numismatics. So there's no need for your advice that suggests I need to begin watching prices now.

Still waiting to see those images of your delightfully high grade bullion coins you promised us...

 

Wow! I bow in the prescience of such learned genius! Your statements don't convince me that your study of chemistry has prepared you to dispense investment advice. These threads have heard the arguments you pose all before and yours is not unique nor one effective to change things now.

It's sad that you take things as an attack but your erroneous statements backed by weak subjective reasoning attempting to be convincing combined with a refusal to discuss the matter, means that you will simply be called on your misinformation and attempts to confuse others in these threads.

 

Do you wait all day for my posts? It literally took you 30 seconds to respond to a post from yesterday? Kinda supports my whole theory of you obsessing about some fight you're trying to pick w/ me on a forum. BTW nice emoticon, bet it took you awhile to choose which one. Anyway your content isn't worth reading but I do like the emoticons. From now on, just use those to communicate and I'll pay attention to you. I was at WORK all day so unfortunately I had no time to use the 5.1 megapixel camera... but since you INSIST....

 

Again with the pathetic insults... I could tear you down just like you're trying to do to me but I'm not the kind of guy who picks fights on the internet. Yes I actually went to college, not even a good one but a college. Did you? I don't even want to know, honestly you're insults (calling me a genius?) are so pathetic they aren't worth a response. Anyway... if you can see there is a 1oz $100 1998 Platinum eagle on the right and a scotia mocotia 1/4 oz gold round on the left. Thought I was lying? AWWWW... tough titties.

 

Thanks for pulling through with the image. :thumb: No, I didn't think you were lying about your bullion purchase. :smile Yes, I do insist you back up your claims. You're new to this forum and you don't know anyone here yet, but you've come on quite strong with opinions and a bevy of misperceptions to justify your personal investment interests. :yes: You have no reputation here yet and are simply bumping heads due this and the general ranting you've done to justify your investment choice. You needn't justify your decisions by undermining others' choice of metal to invest in nor suggest a sole investment vehicle will outperform another. Simply no on knows nor could ever say for sure what will happen. There's no obsessing over your posts, so banish the thought. The quickness with which replies are possible is part of the magic of modern communication via the internet. Smileys are a dime a dozen and you will find them in abundant use on CT, so here's one more to brighten your experience here. :soccer: These replies are a reiteration to warn others that your ideas are provably ill-reasoned, contain bad advice that may confuse others, are narrow in scope and suggest not to mention bringing numismatic issues in to confuse a pure bullion investment forum topic. That should be discussed in the coin forums. These aren't attempts to pick fights but to talk about that which you think you can avoid discussion of while maintaining your opinions as solid fact. I suggest you return to post #4 and try to reassess your own comments for winning your case. Then review the CT rules, which you seem not to have read, as they pertain to the last word of your last post. :thumb:

Take care and I'll see you around the bullion investing forum... :smile

 

Very often I've seen posters write "FACT" after they post their opion on something. It makes their opinion so much more believable?

 

heh, I always prefer those posts where they add lots and lots of exclamation posts.

like this!!!!!!!

 

I have seen prices all over the map on platinum, it seems rare to find it at spot, check numismatic news bullion section to see what the melt value and the retail value for platinum bullion is. Not that they are real exact, since they still have the 09 uhr at 1275$

 

http://www.galmarley.com/FAQs_pages/production_consumption_faqs.htm

Shows that a little more than 10% of gold consumption per year is "industrial" encompassing your uses you listed. Of that 10% a large amount is recovered, as opposed to silver and platinum uses, so even that 10% is not a net loss of metal. That is what I was trying to say Krispy. I wasn't trying to make it personal or about certain groups. I personally couldn't care less who wants to use anything, its not my business.

My comparisons between the two stockpiles was simply to point out that there is no danger that an industrial application could cause a shortage of gold, unlike the case with platinum. Gold is valuable simply because its gold, while platinum is valuable more for its industrial applications. I was not even saying which would be a better investment.

 

You are awesome!

I bet you have/will find that many around you will try to "help" you express your views differently.

Don't ever let them change you.