Platinum sure looks like a bargain. Looks like it hasn't been this low in dollar terms since '03. Taking inflation into account it is even more dramatic.Quote:
Originally Posted by mamboni
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Platinum sure looks like a bargain. Looks like it hasn't been this low in dollar terms since '03. Taking inflation into account it is even more dramatic.Quote:
Originally Posted by mamboni
Platinum is selling for less than cost of production. So if one has a long term investment horizon he can't lose buying Pt at these prices. But Pt could go lower short term. If Pt drops further I will buy more. I'm retired and I'm trying to protect my nest egg which is 45 percent in cash. Cash is king now and will be for the next few weeks or months. But long term the US dollar is dead currency walking I need to convert dollars into assets that will survive through the coming collapse and monetary reset. I only trust physical PMs at this point. Real estate has two problems: it can and will drop in price and it will be taxed heavily to pay for the government largesse that is coming. Stocks are now in a bear market and will be for years to come IMHO. I don't consider cryptocurrencies a safe option for wealth preservation. Foreign currencies are worse trash than the US dollar. Going forward I think the only viable investments are PMs. a cash business, self-improvement, and useful tangibles such as guns, ammo, food and supplies, tools etc.Quote:
Originally Posted by woodman
Bitcoin $4,700. Wow, what a plunge!
Palladium moving back up on confidence I guess.
Right now Pd 2249 Ag 14.01 ratio is at 160.51
Broke $3000 frns.
So I sold my 1.5 t oz Pd today, got $3,051 for it… Now it will probably take off and reach $10k/oz in a couple of months… ;)
Mathematically speaking average is a market goal that is attainable consistently.Quote:
Originally Posted by Neuro
Just curious; Factoring in inflation from the time you purchased until the sale did you make a profit? I am not selling mine.Quote:
Originally Posted by Neuro
I think I did ok it was up +550% from the price I payed 13-14 years ago and what I got yesterday. I think it would have been closer to 800% price increase if one takes into account the premiums when buying and selling, but the dealer has to make a profit too… I would have kept it longer, but I am going to Mexico next week for a 5 week holiday. Normally I would earn enough this week to pay for it, but there was a snow storm here and for 4 days I lost 70% of my normal earnings, so I sold to make up for the difference…Quote:
Originally Posted by monty