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<p>[QUOTE="coininfo, post: 337375, member: 10171"]<b>A word of caution</b></p><p><br /></p><p>Platinum pricing right now is being driven up on paper. The demand hasn't changed for the metal. I read an article the other day about how Palladium is starting to be substituted for Platinum because of the pricing difference. Particularly in catalic converters for cars. If anything you will see the demand decrease as Palladium is substituted. I know from personal experience that dealers are real hesitate to buy any platinum at these levels. You are talking about a $700 dollar or so increase within 2 weeks. If any, and I mean ANY news comes out that supply issues aren't as bad as predicted...you will see a MAJOR correction. If you can find a buyer, you should sell it. Then buy it back after the correction. That's my 2 cents. Just think about it..would you be reluctant to buy Platinum right now? If your answer is yes, which it should be, do you not think that the consumers in platinum are thinking the same thing? Here is one of those articles</p><p> </p><p><a href="http://www.mineweb.com/mineweb/view/mineweb/en/page35?oid=46789&sn=Detail" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.mineweb.com/mineweb/view/mineweb/en/page35?oid=46789&sn=Detail" rel="nofollow">http://www.mineweb.com/mineweb/view/mineweb/en/page35?oid=46789&sn=Detail</a>[/QUOTE]</p><p><br /></p>
[QUOTE="coininfo, post: 337375, member: 10171"][b]A word of caution[/b] Platinum pricing right now is being driven up on paper. The demand hasn't changed for the metal. I read an article the other day about how Palladium is starting to be substituted for Platinum because of the pricing difference. Particularly in catalic converters for cars. If anything you will see the demand decrease as Palladium is substituted. I know from personal experience that dealers are real hesitate to buy any platinum at these levels. You are talking about a $700 dollar or so increase within 2 weeks. If any, and I mean ANY news comes out that supply issues aren't as bad as predicted...you will see a MAJOR correction. If you can find a buyer, you should sell it. Then buy it back after the correction. That's my 2 cents. Just think about it..would you be reluctant to buy Platinum right now? If your answer is yes, which it should be, do you not think that the consumers in platinum are thinking the same thing? Here is one of those articles [URL]http://www.mineweb.com/mineweb/view/mineweb/en/page35?oid=46789&sn=Detail[/URL][/QUOTE]
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