Discussion in 'Bullion Investing' started by xCoin-Hoarder'92x, Sep 7, 2019.
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That's an interesting point of view for sure. And Platinum has completely different uses in industry than other metals so I could understand that being a different driver than Gold or Silver.
I agree Randy, wars are fought over gold not platinum. I have one Platinum Eagle and I bought it on impulse a few months back. If I could do it over I would have paid the extra couple of hundred for another Gold Eagle.
Platinum remains the metal of choice for autocatalysts in diesel vehicles however. But thanks to VW, diesel vehicles have fallen out of favor around the world, resulting in a drop in demand for platinum autocatalysts.
The two metals should eventually even out as the industry starts to roll the now cheaper platinum back into gasoline autocatalysts. Long term, I do not have high hopes for either metal as more and more battery electric vehicles enter the market.
I'd say the one that can't even reach $20 is the "black sheep" of the family. Not the one close to $1000
$800,s and consider it, way under valued, like most of the PM,s value is creeping
up, still try and pick up an once or two a month.
Yes Platinum still had a great deal of room to grow. Palladium has gotten so high there will surely be some switching back as well.
If EV's replace ICE's in autos, then platinum and especially palladium take a big industrial demand hit.
that was true back around 1940. Probably outdated in the digital age. Won't hurt to have some platinum
commodities. Gold is somewhat different (silver, too, to a lesser extent) because of what I think of as religious significance.
Everyone's terribly excited about palladium these days, but:
We've already missed the really good opportunity. At least this time around.
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