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Gold/Platinum price cross.
Posted on 5/11/21 at 12:42 pm
Posted on 5/11/21 at 12:42 pm
I'm new to precious metals "investing". To be clear I don't really see it as investing(yes, I read the old threads). I want to hold a small(about 1% or less) portion of my wealth in physical metals as a hedge against chaos.
Gold seems to be popularity-driven into a price premium to Platinum. For that reason I was considering buying platinum rather than gold as my play. Has anyone else done similar?
Gold seems to be popularity-driven into a price premium to Platinum. For that reason I was considering buying platinum rather than gold as my play. Has anyone else done similar?
This post was edited on 5/11/21 at 12:43 pm
3
Posted on 5/11/21 at 12:43 pm to dragginass
Crypto is a better hedge than gold
Posted on 5/11/21 at 3:19 pm to dragginass
Because since the dawn of time, man has sought out gold.
In a shtf situation, people will still crave gold, albeit at a tremendous loss to your initial investment. Unless you plan to find the one kook building a catalytic converter for his horse drawn cart, you will have a tough time unloading your platinum.
Lead will outperform them both in terms of initial investment to returns even if you just stick some at 3000fps into a wild hog.
In a shtf situation, people will still crave gold, albeit at a tremendous loss to your initial investment. Unless you plan to find the one kook building a catalytic converter for his horse drawn cart, you will have a tough time unloading your platinum.
Lead will outperform them both in terms of initial investment to returns even if you just stick some at 3000fps into a wild hog.
Posted on 5/13/21 at 5:43 am to dragginass
If I want to invest in silver without actually buying the physical silver what do I buy in my brokerage to do this?
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