Fire sale in Platinum, only $300 over spot!

[jtabeb]

Browse Catalog

Sunday, December 13, 2009

Bullion: Silver | Bullion: Gold | Bullion: Platinum | Bullion: Palladium Supplies Bullion: Platinum Qty Symbol Description Price ea. PTAE010 American Eagle Platinum Coin (0.100 oz.) $172.51 PTAE025 American Eagle Platinum Coin (0.250 oz.) $426.28 PTAE050 American Eagle Platinum Coin (0.500 oz.) $862.55 PTAE100 American Eagle Platinum Coin (1.000 oz.) $1,700.10 PTB999:001:CMX Bullion - Platinum .9995+ Pure - CMX (1.000 oz.) $1,469.10 PTBB:0001 Bullion Platinum Bar .9995+ Pure - 1 gram (0.032 oz.) $61.75 PTBB:0005 Bullion Platinum Bar .9995+ Pure - 5 gram (0.161 oz.) $258.02

Market Summary
Metal	Last	Change
*Gold	1120.70	1.70
*Silver	17.260	0.190
*Platinum	1425.10	4.90
*Palladium	363.95	1.80
[* Indicates after-hours activity]
12/13/09 7:57:54 PM CST

[phinolerun]

Re: Fire sale in Platinum, only $300 over spot!

Is that a good deal? I honestly don't know much about platinum.

In the case of exploding gold prices... where does platinum fit in? Where was platinum in the early 80's when gold was making record highs?

Would I own platinum for diversification reasons? Is platinum right now most likely undervalued (I remember last year platinum was around $2100 an ounce)?

I think many others would also like to be enlightened.

[LargoWinch]

Re: Fire sale in Platinum, only $300 over spot!

Is that a good deal? I honestly don't know much about platinum.

In the case of exploding gold prices... where does platinum fit in? Where was platinum in the early 80's when gold was making record highs?

Would I own platinum for diversification reasons? Is platinum right now most likely undervalued (I remember last year platinum was around $2100 an ounce)?

I think many others would also like to be enlightened.

At $300 over spot...(only for JT; because it sells at about $50 over everywhere else): stay away. Big time.

[Nero]

Re: Fire sale in Platinum, only $300 over spot!

Think silver instead, better potential for growth.
My Opinion

[pwcmba]

Re: Fire sale in Platinum, only $300 over spot!

Skip that premium and buy the bars -

http://www.bulliondirect.com/nucleo/...(1.00_oz).html

[Raz]

Re: Fire sale in Platinum, only $300 over spot!

Platinum is a very thin market. The main reason for these insane premiums is that the US Mint no longer strikes the Platinum Eagle.

If you intend on adding Platinum to your PM holdings contact APMEX at (800) 375-9006 and ask when they expect to receive Platinum Maple Leafs, a far more beautiful coin in my opinion. They are a preferred dealer for the Royal Canadian Mint and will sell you (10) 1.0 oz. Maple Leafs at about $110.00 over spot (approx. 8% premium).

Currently the RCM only strikes a batch when they receive a significant order, so they are not constantly available like they were years ago. I know that APMEX is reputable because I purchased these same coins from them back in mid-March. They didn't receive them from the RCM until the second week of May and I received mine about May 20th. They are 2009 Platinum Maple Leafs and they're beautiful coins.

I'm attaching some research on Platinum that I'm pretty sure I posted on the "Gold Research" Thread under "Resources".

Hope this helps.

[charliebrown]

Re: Fire sale in Platinum, only $300 over spot!

i just bought 1oz plat bars from apmex at around $40 over spot.
i don't know a lot about the platinum market. but I figure a small position in pt is a diversifier for gold. gold has political value, and may be confiscated or taxed away. will pt be overlooked? I have seen some press about the uses of pt as a catalyst in chemical reactions such as the catalytic converter in your car. I believe that the industry is searching for a replacement metal. I do not know how successful the replacement metals are.