Platinum bullion coins 1 1

[Jason Abshier]

Anyone on here invest into platinum bullion coins ? What’s your thought on market as of right now ? What do you think future holds for platinum bullion 

I collect classic coinage for love of collection , I also buy bullion for financial gains in future (gold and silver) I keep my coin collecting separate from bullion buying. A good few years back I’d say 6-7 years ago if I remember correctly platinum was worth almost as much as gold was . But now it’s seems platinum is dirt cheap right now seems like time to start buying platinum but foreseeable future seems like a hit or miss with platinum probably better off investing into gold bullion 

[Alex in PA.]

No Platinum but Gold and Silver.  Should have put my money in Palladium back when.  $2,833.00 now.

[Jason Abshier]

2 minutes ago, Alex in PA. said:

No Platinum but Gold and Silver.  Should have put my money in Palladium back when.  $2,833.00 now.

I agree palladium is winner above all right now it’s way to high for me to even consider investing into it. 

[Alex in PA.]

2 minutes ago, Jason Abshier said:

it’s way to high for me

Correct.  I remember when no one wanted an ounce of the stuff.  Hind end kick every time I think about it.

[Coinbuf]

Hindsight is always 20/20.

[GoldFinger1969]

Heavily influenced by "secret" stockpiles -- esp. Russian -- and electrification of the auto industry.  Proceed with caution.

[RonnieR131]

Don't ask me. I sold my 1999 $100 platinum for $50 under melt a year and a half ago. Turns out, that's the only year that is worth a premium. Sold it for $944, went straight to the casino and lost it all. 

[Jason Abshier]

I remember reading newspaper back several years when Platinum skyrocketed guys were desperate sneaking and running around at night time in junk yards cutting catalytic converters from older vehicles . Now a days newer emission and catalytic converter are not built with platinum anymore from what I hear . So I don’t see what it will be used for in future. Medical world ? Electric world ? Rappers who need platinum teeth ? 

Edited May 7, 2021 by Jason Abshier

[Jason Abshier]

29 minutes ago, ronnie stein said:

Don't ask me. I sold my 1999 $100 platinum for $50 under melt a year and a half ago. Turns out, that's the only year that is worth a premium. Sold it for $944, went straight to the casino and lost it all. 

Sounds like a sad story Ronnie, I can almost feel your pain 

[Henri Charriere]

3 hours ago, Jason Abshier said:

 What do you think future holds for platinum bullion?

Whatever goes up must come down. 'tis as it's always been.  'tis as it always shall be. If gold and silver skyrocket thru the roof, that's just your imagination working in overdrive.  Take comfort it will not happen in your lifetime, because whatever goes up...

[Henri Charriere]

2 hours ago, ronnie stein said:

Don't ask me. I sold my 1999 $100 platinum for $50 under melt a year and a half ago. Turns out, that's the only year that is worth a premium. Sold it for $944, went straight to the casino and lost it all. 

Good things happen to good people and I sense you're essentially a good person.  I sense that in time you will recover your losses and make out just fine even if you win by a nose.

[Alex in PA.]

3 hours ago, Coinbuf said:

Hindsight is always 20/20.

Oh how right you are.  I fell in love with the golden nugget and bought, bought and bought.  And while I was buying Gold bullion I took my eyes of the other precious metals.  Hind sight is 20-20.

[Alex in PA.]

11 minutes ago, Quintus Arrius said:

Good things happen to good people

When will it be my turn?

[Henri Charriere]

40 minutes ago, Alex in PA. said:

When will it be my turn?

When you least expect it.

[RonnieR131]

Not a sad story about the casino, would do it again. Sad part is not looking up $100 platinum values beforehand. They all go for the same amount, except the 1999. Besides, it's not my fault, ever. It's her fault, her idea, another Fine mess she got me in to.  LOL     

[RWB]

So the OP wants to "invest" in palladium by buying bullion NCLT.

Q1. What is the present commercial use of palladium? What are the most reliable 5-year estimates of use change?

Q2. What are the known deposits of palladium?

Q3. What is the spot price of palladium and how does it compare to the price of NCLT bullion?

Q4. What is your expected return on investment for $20,000 purchase of bullion at spot vs at NCLT assuming the 5-year independent project is correct?

These are the most basic questions to ask yourself.

Edited May 8, 2021 by RWB

[Alex in PA.]

Wallet Investor reports the following in it's forecasts:  Palladium 5 Year $5,935.990 USD.  There appears to be no shortage at this time and it is used in a variety of fields.  Dentistry, Photography, Electronics and Jewelry

[Henri Charriere]

Where does @GoldFinger1969 stand on this? Is this herd instinct speculation or just another case of a sober investigation of leading economic indicators which, at base, is still subject to the vagaries and world events totally beyond anyone's control. I am more concerned about relations with countries that produce spices, tea,  vanilla and rubber or yield bauxite (aluminum) and rare earth metals.

[GoldFinger1969]

On 5/8/2021 at 6:12 PM, Quintus Arrius said:

Where does @GoldFinger1969 stand on this? Is this herd instinct speculation or just another case of a sober investigation of leading economic indicators which, at base, is still subject to the vagaries and world events totally beyond anyone's control. I am more concerned about relations with countries that produce spices, tea,  vanilla and rubber or yield bauxite (aluminum) and rare earth metals.

Longer-term, with EV's replacing conventional autos, a major source of demand starts to disappear for platinum and palladium.

[Morpheus1967]

11 minutes ago, GoldFinger1969 said:

Longer-term, with EV's replacing conventional autos, a major source of demand starts to disappear for platinum and palladium.

Aren't they now researching, with promising results, using palladium and platinum in lithium ion batteries?

[Hoghead515]

On 5/7/2021 at 3:26 PM, Alex in PA. said:

When will it be my turn?

I been asking myself that for 20 years. I've tried every way possible to be the best person I can my whole life and seems like nothing goes right. Lol. Feels good to have a good conscience though. 

[GoldFinger1969]

1 hour ago, Morpheus1967 said:

Aren't they now researching, with promising results, using palladium and platinum in lithium ion batteries?

Morph, I honestly haven't followed it that closely.  But I do have some research reports from Wall Street firms that I haven't read yet that I can post here if there's interest on the whole battery thing.