Has PLATINUM become a 1 sided bet ?

Discussion in 'Bullion Investing' started by goldcollector, Jun 20, 2019.

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  1. goldcollector

    goldcollector Member

    Platinum is at $802 right now. Adjusted for inflation, this is about the lowest its ever been. Its current price is even lower than where it was in the early 1990s when all metal prices were in the garbage.

    Platinum at that time was around $450. It was higher than Gold, Palladium, and of course all time loser silver. Now at $802 its even lower than the $450 in 1990.

    This at a time when without a doubt the hydrogen fuel cell economy is the future. I have no doubt that improvements will be made to lessen the platinum required in each fuel cell but its still going to explode demand of platinum.

    Platinum cannot fall much further but has tremendous upside potential. The premiums are tough but I still think platinum is an amazing play at $800 if one can hold for 10 years if need be.

    There is so much I could say here but I don't want to say anything to get an infraction here just I will say the whole world sees evidence of something and we are gonna see mass adoption and usage of fuel cells within the near future and I can only imagine what that will do to platinums price. Double today's price easily.
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  3. QuintupleSovereign

    QuintupleSovereign Active Member

    My issue with platinum is the relative lack of depth of the market for it, at least compared with gold.
  4. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Platinum is a great buy right now ! The upside is tremendous, true you
    Do pay higher premiums but your not limited to potential growth, like
    Some of the other PM,S.
  5. -jeffB

    -jeffB Greshams LEO Supporter

    Not sure what you mean by this...?
  6. masterswimmer

    masterswimmer Well-Known Member

  7. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Platinum use to be over $1,850 an OZ, with recent levels dipping in to the
    High $700,s there,s enormous growth potential for people that are in now
    Can you imagine how much money you would have made in Palladium
    If you were able to get in early enough ? Big Money !!
  8. -jeffB

    -jeffB Greshams LEO Supporter

    If you'd bought palladium at last year's bottom of a bit under $900 an ounce, you could not-quite-double your money by selling today -- neglecting premiums.

    If you'd bought it at its high in March, you'd still be in the red today.

    If you could time markets reliably, you could be as rich as you choose. That's not how markets work, though.

    The idea that platinum's growth somehow isn't limited, but growth for other PMs is? That's what I don't understand. Platinum is probably oversold now, and it'll probably go up in the not too distant future -- but it's not going to go to $10K while other PMs stay flat. And it's still a lot harder to buy and sell than gold or silver (fewer dealers want to handle it, buy/sell spread is much broader).
  9. Santinidollar

    Santinidollar Supporter! Supporter

  10. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    That,s based on the spread between the lowest possible price and the
    Highest historical price, some PM,S for example Silver, will never be
    A huge money maker, even though i have a nice sum of 10 OZ and
    Kilo Bars, i collect these and dont really invest in them as were just
    Talking about cents here...LOL , not dollars and in my opinion will never
    Get past $20 again so at $15 currently that would be under $5, historical
    Prices of 50 + would not be even close to realistic these days.
  11. -jeffB

    -jeffB Greshams LEO Supporter

    So, platinum has unlimited upside, but silver will never go up more than another $5, because (vague hand-waving). Got it. ;)

    Don't get me wrong -- you may turn out to be absolutely right, and there may be solid fundamental reasons for gold to keep outperforming silver, or for platinum to reverse its recent slide, or for palladium to shoot off in whichever random direction it picks next. Heck, maybe rhodium will go back up to $10K.

    None of the metals, though, will generate consistent compounding returns, unless you can flip them frequently at a reasonable profit (i.e. be on the dealer side of the buy-sell spread). Expecting to get rich by sitting on a pile of any metal, as opposed to equities or real estate or hard work, is IMHO silly.
  12. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    It,s anybody,s guess really, your guess my guess, just random chance at best
    There is so much that goes in to it, financial climate, politics, etc, that just
    Trying to keep your head above water is challenge enough...LOL
  13. -jeffB

    -jeffB Greshams LEO Supporter

    Can't argue with that!
  14. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    I guess that if the GDX goes pass 28 next week , I will straddle it for a month with down side expectations,and if foreign events go bad, I will have upside protection. But none of you are really going to sell any are you :) Maybe Jeff . IMO JIm
  15. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    PM,S are long term solutions, keeping it growing and moving in positive
    Direction now thats a different story...LOL
  16. fretboard

    fretboard Defender of Old Coinage!

    slackaction1 likes this.
  17. Mr Roots

    Mr Roots Underneath The Bridge

    I think right this second silver and platinum are the two safest bets both with the biggest upside and littlest downside

    That said I’m still buying gold over the other two but that’s the collector in me, the stacker is on vacation, might have even retired.
    Randy Abercrombie likes this.
  18. Mr Roots

    Mr Roots Underneath The Bridge

    I’m a pre war German beer stein stacker now.
  19. ilmcoins

    ilmcoins Well-Known Member

    @goldcollector I would love to see a post with a photo of some of the PMs you have purchased. Do you have any?
    Santinidollar and fretboard like this.
  20. medoraman

    medoraman Supporter! Supporter

    The reason for the huge swoon in PT is the near death of diesel car engines. I like PT at these prices, and am placing another order tomorrow, but you should understand what is driving it downward.
  21. Santinidollar

    Santinidollar Supporter! Supporter


    I know he had some pictures of silver eagles he “sold” to @Garlicus
    Clawcoins likes this.
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