Gold or Platinum?

It didn't end too well for old Walter.

 

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PLATINUM ALL THE WAY!!

 

All the way down, or all the way up? It's still less than half the price of gold. If I had to guess, I'd say it's got more upside than downside -- but I'm glad I don't have to guess (i.e. I'm sitting it out).

 

Kryptonite for the win!

 

yeah, that's true. I can visualize platinum at 2 or 3K but its hard for me to visualize gold at 3K. could happen, just hard to visualize.

 

I like platinum allot, and have many pieces it’s been hovering around $900 if it goes under $850 will start buying again, but still like GOLD better just a more popular

 

can always do gold and platinum at the same time.


I always liked Platinum. Then gold spot raised higher, and the last couple years with the hefty premiums I would rather just buy gold coins.

 

One of those was one of the last big eBay purchases I made. Pretty sure I'm still underwater on it, even with gold near its highs, just because of platinum's ongoing slump.

 

Platinum and Palladium have a MAJOR problem -- the loss of the auto emissions use. The main reason for their usage is being phased out.

Gold is light-years better as an "investment" or even speculation.

 

It's not a slump, it's a structural change.

Aside from a novelty purchase, I wouldn't advise fighting the headwinds.

 

I had a few Platinum Eagles that I sold last year before the price dropped. I'm just sticking with gold since.

 

It's not an "investment" .. it's a "Hobby" ...
unless you bought it as an investment. lol

I buy the "design" unless it's AGE, ASE, APE which I buy to stack. But I stopped buying Platinum when the premium skyrocketed with everything else .. plus kids kids grew up and started eating more, a lot more.

fyi, I bought my first one in 2000 .. I think they were $380 / 410 (proof). So I'm good. lol
If you hold on another, 20, 30, 75 or 100 years I'm sure you'll have a profit.

 

Electric vehicles have been around since the car was invented and they've never been able to get past their limited range / charging ability and inconvenience. Elon Musk is a smart dude but is he smarter than Henry Ford or Nikola Tesla? I think no.

Electric cars will be around but always relegated to the commuter market until we run out of oil - which will never happen.

 

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Right, and battery and power-management technology has barely changed at all during that time.

I agree. Plus he's not as ruthless as Ford, and not as good at self-promotion as Tesla, and not as good at self-control as either one.

We'll never run out of oil. But when running on gas or diesel is ten times as expensive as running on electricity, the long-haul industry will swallow the inconvenience of slower charging, or find another workaround. At this point, I'm starting to think I will see that in my (remaining) lifetime.

 

The number of electric vehicles have grown in popularity in a tremendous way over the past couple of yers I personally drive a Tesla Y with a range equal to a gas powered car, charging stations are piping up everywhere went to California last month and the stage 3 chargers they have in place right now can give you a full charge in as little as 15 minutes at half the cost of gas, I will never go back to a gas powered vehicle with that said as others have suggested in the thread platinum and palladium metals used in catalytic converter will eventually decline but you still have
jewelry...LOL

 

Oh, platinum and palladium are massively useful in the chemical industry (including pharma). Even more so when their price isn't driven sky-high by catalytic converter demand.

 

i did a cross country trip in my car a couple weeks ago. You know how many EV's I saw on the road? ZERO. EV's the same range as a gas car? LOL!!! common man. quit smokin that wacky weed.

Enjoy your tesla. we'll just have to agree to disagree.

 

I wonder where ELECTRICTY comes from? solar? or COAL? I dont know.

Pretty sure EVs will always be a fad . . .

Remember when toyota came out with their hybrid prius? When the batteries require maintenance, it's so expensive that its cheaper to just replace the car. Same is true with EVs. People just cant believe it and are willing to accept a lower quality vehicle for alot more money. why? status symbol like harley davidson was in 2000? every time i see a tesla i just snicker under my breath; to each their own I suppose.

 

It's really pretty easy to find out.

My Prius is six years old, and its battery is holding up just fine. If it does fail, there are multiple local places that will replace it for under a grand, including labor. Contrast that with the transmission in my Accord that I had to replace before it hit 90000 miles, at a cost of close to $3K. Or the transmission that failed in my 1984 Voyager, or the carburetor I had to replace in that same vehicle (something like $800 in pre-2000 dollars), or the $1500 likely cost to replace the catalytic converter and sensor on the 2004 Sienna, or...