Invest in PLATINUM...here's why!

[clb09]

http://jutiagroup.com/2009/04/09/youre-nuts-if-you-own-gold-instead-of-this/

First, platinum’s major demand comes from industrial users, especially the auto industry. You might think that’s a bad thing, but I see it as an advantage. Think what happens to gold once it’s mined: It sits in vaults, in safety deposit boxes, or in people’s jewelry boxes. It never disappears. When sentiment changes or the price gets high enough, this "scrap" gold floods the market and suppresses prices.

Second, platinum is 15 times rarer than gold. And 80% of its supply comes from South Africa. There is a much greater supply risk. Gold is produced all over the world.

Finally, the gold-platinum ratio is at a 12-year low after platinum’s crash in 2008… but platinum has broken out and is now moving up against gold as well as the dollar.

 

[MyLibertyStuff]

Very good observations. I have a good amount of my portfolio in SLV, SWC, and GLD. Get a piece of all the metals

 

[Pennsylvania]

Is there a tax to sell platinum like there is on gold?

 

[Dripping Rain]

the title sounds like a disinfo operation: You’re Nuts if You Own Gold Instead of This

I dont mean to be a party pooper but after reading tis I kind of remembered Napoleon & how he threw away a lot of his gold because "smart people" told him aluminum was the future lmao. not saying having platinum is bad but to change all your gold or even most of it for platinum is nuts

 

[dannno]

the title sounds like a disinfo operation: You’re Nuts if You Own Gold Instead of This

I dont mean to be a party pooper but after reading tis I kind of remembered Napoleon & how he threw away a lot of his gold because "smart people" told him aluminum was the future lmao. not saying having platinum is bad but to change all your gold or even most of it for platinum is nuts

Hmm I think he's just advocating that people diversify. It's not a bad idea.

 

[Josh_LA]

ETF or physical?
(and where do you get physical?)

who wouldn't want to invest in Plat if it was affordable?

 

[RonPaulCentral]

ETF or physical?
(and where do you get physical?)

who wouldn't want to invest in Plat if it was affordable?

You can get it here:

http://www.apmex.com/Category/505/Platinum.aspx

 

[Josh_LA]

You can get it here:

http://www.apmex.com/Category/505/Platinum.aspx

anywhere else? (yes, i know how to google. I'm talking about what people have used and recommend)

 

[RonPaulCentral]

anywhere else? (yes, i know how to google. I'm talking about what people have used and recommend)

I have purchased from this company many times... which is why I recommended them.

And for what it is worth Mr Google I will be sure to offer you no additional suggestions.

 

[Josh_LA]

I have purchased from this company many times... which is why I recommended them.

And for what it is worth Mr Google I will be sure to offer you no additional suggestions.

I meant no disrespect, it was not directed a question at you.

I wanted to hear as many options possible.

sorry if you took it personally or offensive

 

[brandon]

Josh, what is up with that "web page" that your signature links to? "Happy Recession" It looks like it was designed by drunk autistic kids.

 

[Josh_LA]

Josh, what is up with that "web page" that your signature links to? "Happy Recession" It looks like it was designed by drunk autistic kids.

close enough!

a disorganized list of stuff i need to put together into a blog/cms.

 

[tmosley]

You're really betting on the auto industry taking off again?

Fifty years from not, most of the cars on the road now will probably still be in operation, just like Cuba. I wouldn't invest in industrial ANYTHING until this market is at a bottom. If you are investing in metals, I will admit that gold isn't the best metal to buy, though it should be in everyone's portfolio. I mainly think that silver is a better deal, since you can't really lose under most any market condition, since the price is so suppressed (at least relative to gold).

 

[Athan]

I guess if you have the money. It is to annoying to barter with if the government destroys the dollar which is the problem.

 

[MyLibertyStuff]

ETF or physical?
(and where do you get physical?)

who wouldn't want to invest in Plat if it was affordable?

There is no platinum ETF. SWC is my Platinum play.

 

[Josh_LA]

There is no platinum ETF. SWC is my Platinum play.

so when you see this price

http://www.kitco.com/charts/liveplatinum.html

what are people trading?

allocated physical & 100% redeemable?

 

[LATruth]

My landlord (70 year old man who used to own a gold mining operation in new mexico, one of the richest men in my town etc) said be weary of anyone trying to sell you gold in times of hardship due to inflationary prices. And I quote:

"Son I am 70 years old and they have taken my families gold twice."

To this day he does not hold gold for fear of another government robbery, he has transferred all of his wealth to property. He called gold sellers scam artists that prey on people during times of hardship.

 

[Josh_LA]

My landlord (70 year old man who used to own a gold mining operation in new mexico, one of the richest men in my town etc) said be weary of anyone trying to sell you gold in times of hardship due to inflationary prices. And I quote:

"Son I am 70 years old and they have taken my families gold twice."

To this day he does not hold gold for fear of another government robbery, he has transferred all of his wealth to property. He called gold sellers scam artists that prey on people during times of hardship.

government robbery is not limited to gold, it can be food, silver, houses too.

 

[jman1237]

My son is 15 and cut the "CAT" off his car, of course I seized it and it will sit in my garage until i figure out what to do with it. Get CATS, just don't steal them.

 

[carlangaslangas]

Impossible to get physical Platinum at a decent rate.
My dealer only has a few coins and is charging $200 over spot!!
I would agree that SWC shares might be the best way to invest in platinum without the exorbitant commissions.