Platinum

[TomtheTinker]

I have a few grams of plat. For good messure...wish i had the cash flow of years past i would be buying all pms availabe

[Jandrsn21]

Platinum is going to be a strong anti inflation investment going forward. Why does gold have the historical context and platinum doesn't? Refining of platinum came in the 1800s, before that miners were annoyed by the presence of platinum. Platinum is 30x more rare than gold, it puts the word precious into precious metals. When we do see a gold bull mania run that many are waiting for when world currencies do get devalued. Gold will take off then followed by silver, investors on the sidelines and many who missed the run, will see a low price on platinum, scratch their heads and say, why can't platinum be a store of value, why can't we measure it's rarity to the dollar, why is it 30x more rare but cheaper than gold!

[Seraphim]

I wish I could go back to 2000 when I was 12 years old starting my first paper route.

Had I put half the money I made from 12-16 years old into silver...plus half I made at the sports store between 16-18. I'd have my half of my house paid off. I'm not even 24 years old yet.

That's the way I see the world now. Get a head start by informing yourself and working hard, and 10 years later you could be in a spot you thought only dreams were made of.

I was about 20 when I did that calculation (savings potential with PM's) and have not looked back. You need to make your own opportunity. Well planned savings is the key to that.

I have a few grams of plat. For good messure...wish i had the cash flow of years past i would be buying all pms availabe

[Seraphim]

I agree with Jandrsn21.

[cubical]

Platinum is going to be a strong anti inflation investment going forward. Why does gold have the historical context and platinum doesn't? Refining of platinum came in the 1800s, before that miners were annoyed by the presence of platinum. Platinum is 30x more rare than gold, it puts the word precious into precious metals. When we do see a gold bull mania run that many are waiting for when world currencies do get devalued. Gold will take off then followed by silver, investors on the sidelines and many who missed the run, will see a low price on platinum, scratch their heads and say, why can't platinum be a store of value, why can't we measure it's rarity to the dollar, why is it 30x more rare but cheaper than gold!

There are lots of things more rare than gold. It doesn't mean they are/will be a currency. Platinum very well could soar as high or higher than gold, we will have to see. I don't think its a bad investment at all though.

[Snowball]

Platinum is a much better buy than gold or silver right now. So is palladium, but not as much.
Also, rhodium is down to around 1200. it's unreal. I have recently invested in Anooraq Resources (ANO).
If anyone wants to look into that, a pure platinum miner with upwards of 100 million ounces in the ground,
South African, and trading at a severe (hopefully temporary) discount, see you at the Yahoo Finance message
board for it, where I am also Snowball.

[Seraphim]

http://www.kitco.com/kitco-gold-index.html

The platinum pop has begun.

[Seraphim]

http://charts.kitco.com/KitcoCharts/...iCurrency=true

There's another chart. Huge gains so far this year since I posted this.

[Guzabuza]

Most usage for platinum goes for catalytic converters in cars, when the world economy starts going bad the demand for autos will fall, less usage for platinum. Golds industrial demand is only 10-15 %, for silver around 50 % but in both instances the demand is inelastic to price. Also the industrial demand for both g&s is spread out between different industries, electronics, healthcare, food, energy, so even if prices rise 200-300 % the industrial demand will still be there.

With platinum almost all industrial usage goes for one industry. Also platinum has an substitution which is palladium that trades almost 1000 $ lower. Platinum will probably rise but i think you will see larger gains in g & s because investment demand for starter has a larger base and the industrial demand is not cyclical or price sensitive as with platinum.

The only thing that would give a boost to platinum is the obvious possibility of shortages if Russia decides to stop exporting platinum if an all out war broke out or is South Africa nationalized its mines. But if an all out war broke auto sales would probably plummet as well. Btw the rise in platinum the past two days is because of this: http://www.miningweekly.com/article/...ead-2012-02-16

[Seraphim]

All good points, however, automotive demand is exploding in BRIC nations. The west could see demand drop a lot and it won't matter to long term fundementals.

Wealth is moving east and car demand is a highly correlated with wealth.

Most usage for platinum goes for catalytic converters in cars, when the world economy starts going bad the demand for autos will fall, less usage for platinum. Golds industrial demand is only 10-15 %, for silver around 50 % but in both instances the demand is inelastic to price. Also the industrial demand for both g&s is spread out between different industries, electronics, healthcare, food, energy, so even if prices rise 200-300 % the industrial demand will still be there.

With platinum almost all industrial usage goes for one industry. Also platinum has an substitution which is palladium that trades almost 1000 $ lower. Platinum will probably rise but i think you will see larger gains in g & s because investment demand for starter has a larger base and the industrial demand is not cyclical or price sensitive as with platinum.

The only thing that would give a boost to platinum is the obvious possibility of shortages if Russia decides to stop exporting platinum if an all out war broke out or is South Africa nationalized its mines. But if an all out war broke auto sales would probably plummet as well. Btw the rise in platinum the past two days is because of this: http://www.miningweekly.com/article/...ead-2012-02-16