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  #1  
Old 01-20-2012, 02:33 AM
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Default Supply of investment Platinum

I was searching some websites for a small amount of platinum to buy - I just wanted to own a little bit and noticed that one site was almost completely sold out and another site was just about out of fractional coins. Are they having trouble keeping up with demand, or what is going on? Why is it so much harder to find investment platinum then it is to find silver or gold?
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Old 01-20-2012, 07:06 AM
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Originally Posted by SteelandSilver View Post
I was searching some websites for a small amount of platinum to buy - I just wanted to own a little bit and noticed that one site was almost completely sold out and another site was just about out of fractional coins. Are they having trouble keeping up with demand, or what is going on? Why is it so much harder to find investment platinum then it is to find silver or gold?
Because dealers donít like the stuff. They carry it for the idiots out there (like us) who occasionally want to buy it. They would really rather not bother with it at all. If youíre going to call yourself a precious metals dealer you have to have some once in a while for the sake of completeness. Gold and silver are the meat and potatoes of the business. Platinum and whacky silver belt buckles will always be a sideline, nothing more.

So itís not that they canít find platinum due to heavy demand or some such, itís that they donít WANT it.
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Old 01-20-2012, 02:19 PM
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I believe the demand for platinum is very high right now as it is seen as being undervalued. historically, platinum has always been higher than gold. many people who have a lot of platinum aren't looking to sell right now for fear that platinum is going to return back above $2000/oz.

Last edited by henry804 : 01-20-2012 at 02:30 PM.
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Old 01-20-2012, 02:29 PM
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Because dealers don’t like the stuff. They carry it for the idiots out there (like us) who occasionally want to buy it. They would really rather not bother with it at all. If you’re going to call yourself a precious metals dealer you have to have some once in a while for the sake of completeness. Gold and silver are the meat and potatoes of the business. Platinum and whacky silver belt buckles will always be a sideline, nothing more.

So it’s not that they can’t find platinum due to heavy demand or some such, it’s that they don’t WANT it.
Thanks Blake. I ended up purchasing a 5 gram Credit Suisse in an assay from Ap..x. I was tempted by a 1/4 oz Platinum American Eagle (a part of me still wishes I bought it instead), but it was over $100 more and I didn't want to spend the money this week. I could have waited a week, but I was acting very inpulsively...that feeling where I just had to have it NOW! Tommorow's another day and I can buy more
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Old 01-20-2012, 03:53 PM
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My thoughts are that if there isn't a lot out there to be sold then there probably is not much available period. Much more in the hands of industry than investors.
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Last edited by Copperhead : 01-20-2012 at 03:56 PM.
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Old 01-20-2012, 05:59 PM
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Originally Posted by henry804 View Post
I believe the demand for platinum is very high right now as it is seen as being undervalued. historically, platinum has always been higher than gold. many people who have a lot of platinum aren't looking to sell right now for fear that platinum is going to return back above $2000/oz.
That's why I wanted to get my feet wet - I keep hearing everyone saying platinum is undervalued and that the spot price is less then what it costs to mine it. Guess my next adventure will be either platinum again or a palladium coin - the palladium will be a 1 oz coin.
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Old 01-20-2012, 06:01 PM
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Another note....Rhodium looks to be at the lowest price that it has been at for a long time. If the economy takes a serious dump, I believe we will see bigger dips in the industrial metals.
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Old 01-20-2012, 07:53 PM
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Another note....Rhodium looks to be at the lowest price that it has been at for a long time. If the economy takes a serious dump, I believe we will see bigger dips in the industrial metals.
Rhodium sponges? No thanks. If somone can make a Rh coin I would be interested.
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Old 01-20-2012, 08:15 PM
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Rhodium sponges? No thanks. If somone can make a Rh coin I would be interested.
Rhodium Coin...hmmmm...
You mean like this one?

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Old 01-20-2012, 08:26 PM
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Rhodium Coin...hmmmm...
You mean like this one?

How can there be just one company in the whole wide world that makes Rhodium coins? I wouldn't mind buying the sponge and having it held somewhere for me - I guess it would depend on how much they charge for storage.
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