Who,s liking Platinum right now ?

Discussion in 'Bullion Investing' started by mpcusa, Apr 15, 2019.

  1. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

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    Have been buying 1/10 oz Platinum Coins for awhile now allot
    When it was under $800 an OZ, still a great value and upside :)
     
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  3. Clawcoins

    Clawcoins Well-Known Member

    I always like Platinum, but haven't been buying even when I wanted too when it was under $800. Oh the travesty.
     
  4. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Platinum use to be king of the precious metals, its making its way back
    and i want to go along for the ride :)
     
  5. furham

    furham Good Ole Boy Supporter

    I own some platinum. Glad to see it's making a comeback.
     
  6. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I think you will find, its on its way up :)
     
  7. FryDaddyJr

    FryDaddyJr Junior Member

    so too late to buy. wait and sell

    ?
     
  8. EdThelorax

    EdThelorax Active Member

    Adam and Eve double bottom. A break of $950 would give a target of $1300.
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    mpcusa likes this.
  9. Don P

    Don P Active Member

    Keep in mind that platinum is used in catalytic convertors primarily and this hinges on car sales. If we get into a recession, the demand for this metal could go to new lows. It's primary use is industrial, not like gold.

    Car companies right now are starting to get away from palladium since it's price is way to high and will resort back to platinum. In the future though with electric cars, they won't need platinum since there are no emissions.
     
  10. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Electric cars will always be around, but are we going to depend on them entirely ?
    As we move in to the future one of the areas that are booming right now is performance based automobils, electric based vehicles can not come close to
    That type of speed and sense there are allot of motorheads out there i dont
    See that ending anytime soon.
     
    furham likes this.
  11. medoraman

    medoraman Supporter! Supporter

    Worst than that, platinum is mainly for diesel applications, and palladium for gasoline. Yes they can move back and forth some, but it takes time.

    I wrote hear about platinum and was buying some ounces around $800 ish, but not lately.
     
    SLACKACTION likes this.
  12. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    But there are many more uses for Platinum
    Other industrial industry plus jewelry applications, but it has climbed in to the
    Low $900,s after being in the high $700,s
    For a short while but still liking platinum
     
  13. EdThelorax

    EdThelorax Active Member

    I'm sticking to my story. Now we have a golden cross with price above the 200DMA.50DMA and re-testing the downtrend resistance.
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  14. Autoturf

    Autoturf Well-Known Member

    performance based automobiles, absolutely, and the gearheads will always be here, however, electric cars can surpass combustion performance with ease, check youtube tesla drag races, and Lamborghini teamed up with mit for an electric supercar, the Lamborghini has a v10 also, however it can be driven efficiently without the engine, but the reliability and technology has come a long way. the problem lies somewhat in the energy consumption, and powerplants polluting the air, how you going to charge up quickly get back on the road, and the weight. its good idea to study what next technology is going to be an affordable alternative to oil. but they wont tell us. haha.
     
  15. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    One of electrics draw backs has always been longevity on a charge and
    Keeping performance steady ! there is not nearly enough charging stations
    To meet the growing demand plus theres always been the issue of having
    To wait for your vehicle to charge, which is a huge drawback after all time
    Is money !
     
  16. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    Looks like Platinum is failing the retest of downward trend.
     
  17. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Platinum up 20.55 today ! for those who got in at under $800 its a pretty
    Good day :)
     
  18. masterswimmer

    masterswimmer Well-Known Member

    Only if you sell ;)
     
  19. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I dont plan on selling any time soon :) just slow and steady !
     
  20. masterswimmer

    masterswimmer Well-Known Member

    Honest question now. If you're not selling, what makes a $20 rise in price a good day?

    I'm still accumulating silver and gold and quite frankly I relish the days when the prices are down. Makes my dollar cost averaging strategy a success.
     
    FryDaddyJr likes this.
  21. EdThelorax

    EdThelorax Active Member

    The adrenaline from being right is worth more than the play money everything is valued in.
     
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