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Started By
Message
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 12:54 pm to thunderbird1100
Possibly, but it doesn't serve the same purpose or convenience. In a true SHTF situation throwing some bars in a bag is way better than some crypto wallet cash-out attempt.
Posted on 5/11/21 at 1:54 pm to dragginass
quote:
In a true SHTF situation throwing some bars in a bag is way better than some crypto wallet cash-out attempt.
Meh, in a true SHTF situation, screw lugging around heavy pieces of metal. Food, bullets, booze, tobacco, medical supplies, etc will be much more valuable than a shiny rock. Maybe it is an older generation thing but I know every one of my friends that think about SHTF type scenarios have the same mindset. Shiny metals would be way down the list of things we'd trade our items for. We'd rather things that actually served a purpose.
Posted on 5/11/21 at 2:14 pm to dragginass
quote:
In a true SHTF situation throwing some bars in a bag is way better than some crypto wallet cash-out attempt
Posted on 5/11/21 at 3:01 pm to TigerTatorTots
This isn't a "prepping" conversation. This is Platinum vs gold as a minimal portfolio position. I am "prepared" for anything that concerns me, and crypto is not part of this discussion, thanks.
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 5/11/21 at 3:26 pm to dragginass
quote:Then describe what you mean by "SHTF" and "throwing bars in a bag". I was responding to that comment that you made.
This isn't a "prepping" conversation. This is Platinum vs gold as a minimal portfolio position.
quote:I didn't mention crypto anywhere in my response.
I am "prepared" for anything that concerns me, and crypto is not part of this discussion, thanks.
This post was edited on 5/11/21 at 3:39 pm
Posted on 5/11/21 at 3:44 pm to TigerTatorTots
It wasn't all directed at you. The discussion I was trying to have is gold/platinum as a small position. I view it as a global currency. I am not worried about zombie/SHTF situation, but if I were, metals are easy to keep/hide/save.
Again, not a prepping discussion, but rather gold v platinum. The "chaos" I referred to in OP was more in regards to economic policy chaos than societal breakdown. Hopefully that makes sense?
Again, not a prepping discussion, but rather gold v platinum. The "chaos" I referred to in OP was more in regards to economic policy chaos than societal breakdown. Hopefully that makes sense?
Posted on 5/11/21 at 7:12 pm to dragginass
I have been a stacker for many years, and have owned all precious metals. I keep 5% of my portfolio in pm’s. I own stocks. I own real estate. I own bonds. I own crypto. I have cash set aside. I am diversified as possible.
Each has to make his or her own decision on investing. For me, precious metals are a small, but important part of my securities.
In answer to your question, gold is the most useful monetary metal, and has been for thousands of years. Platinum, at one time, outperformed gold. This was because of the industrial uses (catalytic converters) associated with the metal. Palladium has, in recent years, taken over that part of the market. Silver is the most useful industrial metal. The push to green energy and Electric vehicles and solar panels will see silver prices rise.
Gold is very stable, but you will not see big returns. It is used by many as an inflation hedge against fiat currencies. Silver is much more volatile, but has higher potential rewards.
In my opinion, gold is the superior metal in protecting one’s wealth.
Each has to make his or her own decision on investing. For me, precious metals are a small, but important part of my securities.
In answer to your question, gold is the most useful monetary metal, and has been for thousands of years. Platinum, at one time, outperformed gold. This was because of the industrial uses (catalytic converters) associated with the metal. Palladium has, in recent years, taken over that part of the market. Silver is the most useful industrial metal. The push to green energy and Electric vehicles and solar panels will see silver prices rise.
Gold is very stable, but you will not see big returns. It is used by many as an inflation hedge against fiat currencies. Silver is much more volatile, but has higher potential rewards.
In my opinion, gold is the superior metal in protecting one’s wealth.
Posted on 5/11/21 at 7:25 pm to TigerTatorTots
I can hold $30,000 to $40,000 of gold in one hand. It is not a bulky metal.
I agree, that in a shift scenario, daily life would depend upon necessary items, such as lead, food, and medications. I know many preppies who invest in bottles of liquor and cartons of cigarettes to trade in such a scenario.
But, history tells us that in a shtf scenario, gold may get you and your loved ones across a border. It also tells us that large estates and properties were purchased with gold in such a time. The purchasing power of the dollar has collapsed over the last several generations. There will come a time when the US dollar is no longer the world reserve currency. Cryptos and precious metals have a place in today’s world of investing.
I agree, that in a shift scenario, daily life would depend upon necessary items, such as lead, food, and medications. I know many preppies who invest in bottles of liquor and cartons of cigarettes to trade in such a scenario.
But, history tells us that in a shtf scenario, gold may get you and your loved ones across a border. It also tells us that large estates and properties were purchased with gold in such a time. The purchasing power of the dollar has collapsed over the last several generations. There will come a time when the US dollar is no longer the world reserve currency. Cryptos and precious metals have a place in today’s world of investing.
Posted on 5/12/21 at 12:09 pm to cusoonkpd
Gold is a better buy than Silver currently, ..... physical, of course.
Premiums are currently 5-6% today, and we will likely see 15%+ premiums before the end of CY'21.
in January , I provided info to this forum that I expected Gold to decline between 10-15% before building an intermediate bottom around $1720/spot in early May. That has now occurred and it now appears poised to breakout on the next leg up, fueled by a broad increase in the commodities markets as a whole.
This opinion is not for the crypto guys that believe “crypto is the new gold” ( it isn’t). This alert is for those that wish to accumulate physical, hard assets to serve as an inflation hedge with no counterparty risk.
IMO, now is a good time time to begin an entry position , or add to an existing position as part of a diverse portfolio of assets. I’m expecting a rise of 25% or greater between now and next January, in a very safe asset by comparison. Silver >20% ....
Miners?, ... hard to say since fuel prices have a highly unstable outlook at this time, and fuel accounts for a substantial portion of OpEx for the miners.
IMO, the risk of higher premiums on physical is significant ... currently they’re 5-6% , but likely to exceed 15% by Q3 this season.
Make certain you are trading with a reputable provider.... there are several online dealers and auction sites that do a great job. Do not purchase on eBay/baba/Craig’s list unless you have access to metallurgy detection instrumentation. (The exception is Apmex on eBay). Focus on small purchases, low premiums, free shipping..... stay beneath the radar, if possible ...... and very best of luck.
Premiums are currently 5-6% today, and we will likely see 15%+ premiums before the end of CY'21.
in January , I provided info to this forum that I expected Gold to decline between 10-15% before building an intermediate bottom around $1720/spot in early May. That has now occurred and it now appears poised to breakout on the next leg up, fueled by a broad increase in the commodities markets as a whole.
This opinion is not for the crypto guys that believe “crypto is the new gold” ( it isn’t). This alert is for those that wish to accumulate physical, hard assets to serve as an inflation hedge with no counterparty risk.
IMO, now is a good time time to begin an entry position , or add to an existing position as part of a diverse portfolio of assets. I’m expecting a rise of 25% or greater between now and next January, in a very safe asset by comparison. Silver >20% ....
Miners?, ... hard to say since fuel prices have a highly unstable outlook at this time, and fuel accounts for a substantial portion of OpEx for the miners.
IMO, the risk of higher premiums on physical is significant ... currently they’re 5-6% , but likely to exceed 15% by Q3 this season.
Make certain you are trading with a reputable provider.... there are several online dealers and auction sites that do a great job. Do not purchase on eBay/baba/Craig’s list unless you have access to metallurgy detection instrumentation. (The exception is Apmex on eBay). Focus on small purchases, low premiums, free shipping..... stay beneath the radar, if possible ...... and very best of luck.
Posted on 5/12/21 at 12:17 pm to dragginass
quote:
Possibly, but it doesn't serve the same purpose or convenience. In a true SHTF situation throwing some bars in a bag is way better than some crypto wallet cash-out attempt.
Should there be a massive solar flare that wipes out all thing electrical (Carrington event like), gold won't be harmed.
quote:
A Warning from History: The Carrington Event Was Not Unique
quote:
Sept. 1, 2020: On Sept. 1st, 1859, the most ferocious solar storm in recorded history engulfed our planet. It was “the Carrington Event,” named after British scientist Richard Carrington, who witnessed the flare that started it. The storm rocked Earth’s magnetic field, sparked auroras over Cuba, the Bahamas and Hawaii, set fire to telegraph stations, and wrote itself into history books as the Biggest. Solar. Storm. Ever.
Posted on 5/12/21 at 3:58 pm to cadillacattack
quote:
Gold is a better buy than Silver currently, ..... physical, of course.
Premiums are currently 5-6% today, and we will likely see 15%+ premiums before the end of CY'21.
Who's your favorite on-line dealer?
Posted on 5/12/21 at 7:47 pm to Auburn1968
quote:
Who's your favorite on-line dealer?
It varies based on what I’m purchasing (numismatics, bullion, type) how much of it, and which one has a good deal ( low premiums, free shipping)
IMO, the following online dealers are reputable and I’ve made multiple, successful purchases from each over the past 8-9 years:
Apmex
JM Bullion/ Provident Metals
BGASC
Kitco Metals
I’ve also purchased from auction houses and estate sales when such opportunities present.
Here’s a good site with links to several online dealers, including the ones I referenced. I avoid dealers that advertise on television.
https://comparesilverprices.com/
This post was edited on 5/12/21 at 7:49 pm
Posted on 5/12/21 at 11:51 pm to dragginass
quote:
Possibly, but it doesn't serve the same purpose or convenience. In a true SHTF situation throwing some bars in a bag is way better than some crypto wallet cash-out attempt.
How does one access crypto when the power is out for days. If things get really bad, prices get out of sight, people won't be able to afford electricity.
Posted on 5/13/21 at 12:07 am to Auburn1968
quote:
Who's your favorite on-line dealer?
APMEX
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?
Posted on 5/13/21 at 8:01 am to tigersfan1989
quote:
If I want to invest in silver without actually buying the physical silver what do I buy in my brokerage to do this?
Try the Sprott physical gold and silver trusts:
PSLV, PHYS, CEF
and their Miner ETF's:
SGDM, SGDJ
.... be advised though .... you will incur a degree of counterparty risk that physical supply avoids entirely
Posted on 5/13/21 at 8:04 am to SmackoverHawg
quote:
APMEX
Smackover is right .... these folks are easy to deal with, based in Oklahoma, and offer a wealth of educational information on their website.
I've met several of their buyers at different coin shows over the years and they are "good people"
They are also the ONLY dealer I will purchase from on ebay. On their ebay specials, they allow credit card purchases typically for the same price as cash purchases from other dealers. Occasionally you can find some pretty good deals, but they sell out fast.
This post was edited on 5/13/21 at 8:05 am
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