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Investing in Coins and Bullion Thread, Platinum Prices, the Auto Industry and more... in Coin Forums; It's been an insane ride for Platinum. When everything seemed to be taking a beating 2 years ago, and then ...
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    Administrator Jesh's Avatar
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    Platinum Prices, the Auto Industry and more...

    It's been an insane ride for Platinum. When everything seemed to be taking a beating 2 years ago, and then the auto industry started to have serious issues, platinum tanked to around 800 an ounce. An unbelievably low price which bounced from 2003 prices. This almost $1400 an ounce drop in one year was a perfect opportunity for an investor to pick up gorgeous platinum coins, raw bars, and also a great time to buy futures on the market.

    With platinum at $1660 and looking as if it will be heading back up to it's $2200/USD an ounce as the industries pick up, and countries such as China are selling more and more vehicles (platinum is used in catalytic converters, however many manufacturers are beginning to use other metals), what do you plan on doing with your platinum, or your lack of?

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    Member coinmogul's Avatar
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    As far as I know silver is used in Auto industry and not Platinum.....

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    Member andrewerickson's Avatar
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    Back in 2008 when platinum was well over the $2,000 an-ounce mark, analysts expected gold would follow it up. We didn’t see gold breaking through that mark but what we now know is that these precious metals bear the possibility to soar this high. As I write platinum is hovering around $1,422 which signals ‘buy now’ to me

 

 

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