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Thread: Why Platinum is The Best Physical Precious Metal Investment Of Our Lifetime

  1. #11
    Electrum
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    Re: Why Platinum is The Best Physical Precious Metal Investment Of Our Lifetime

    Quote Originally Posted by mamboni View Post
    Applying your logic to gold
    The same logic can not be applied to gold, Doc, cause gold has retained its monetary use case. Sovereign nations trade in gold, central banks hold reserves in gold and not in silver and platinum.

  2. #12
    Iridium mamboni's Avatar
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    Re: Why Platinum is The Best Physical Precious Metal Investment Of Our Lifetime

    Quote Originally Posted by jcismylord View Post
    The same logic can not be applied to gold, Doc, cause gold has retained its monetary use case. Sovereign nations trade in gold, central banks hold reserves in gold and not in silver and platinum.
    No. Gold is held by central banks but has no legal or statutory linkage or backing to sovereign currencies. Gold is a monetary fig leaf and invisible to the large majority. If gold had a true monetary linkage, it woyld be many multiples of today's price. The elite could push the gold price down as low as they wish. They don't dare because insiders scoop up physical gold on every price dip. The smart money has been accumulating gold since 2000. At $1740, gold is still severely undervalued. Silver price of spot $26 is even more absurdly low.
    Tricks and treachery are the practice of fools, that don't have brains enough to be honest. -Benjamin Franklin
    Sincerity makes the very least person to be of more value than the most talented hypocrite. -Charles Spurgeon

  3. #13
    Electrum
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    Re: Why Platinum is The Best Physical Precious Metal Investment Of Our Lifetime

    Quote Originally Posted by EE_ View Post
    Did You Know?
    The Spaniards had first found the metal ‘platinum’ in Colombia, but they considered it as an unworthy component derived while mining silver. They named the metal ‘platina’, meaning ‘little silver’ and discarded it as impure. It was considered a nuisance in silver mining since it looked just like silver! The first written account of platinum was from Julius C Scaliger in 1557.
    North of NYC there is small town called Newport, RI.

    The town use to be a summer residence of many New York billionaires of the old-time USA.

    There are still a lot of mansions left, even today - many are open for the public to visit.

    So, years ago I went up and visited.

    Listened to the stories.

    The walls of one of the mansions, I remember, were covered with some kind of metal - they always assumed that it was silver.

    Then they got suspicious, cause it never tarnished.

    So, - they made a test - it was platinum.

    There are butt loads of platinum in that house even today. I guess it was not so precious those old days.

  4. #14
    Electrum
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    Re: Why Platinum is The Best Physical Precious Metal Investment Of Our Lifetime

    Quote Originally Posted by mamboni View Post
    No. Gold is held by central banks but has no legal or statutory linkage or backing to sovereign currencies. Gold is a monetary fig leaf and invisible to the large majority. If gold had a true monetary linkage, it woyld be many multiples of today's price. The elite could push the gold price down as low as they wish. They don't dare because insiders scoop up physical gold on every price dip. The smart money has been accumulating gold since 2000. At $1740, gold is still severely undervalued. Silver price of spot $26 is even more absurdly low.
    Doc - Russia, China, and good old USA hoard gold.
    They don't hoard silver and platinum.
    Please sit down and grok the difference.
    Perhaps you need to meditate on this fact for a day or two before posting that gold, platinum and silver must be subjected to the SAME rules and the same "logic".
    I don't want to fight you man.

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    Iridium mamboni's Avatar
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    Re: Why Platinum is The Best Physical Precious Metal Investment Of Our Lifetime

    Quote Originally Posted by jcismylord View Post
    Doc - Russia, China, and good old USA hoard gold.
    They don't hoard silver and platinum.
    Please sit down and grok the difference.
    Perhaps you need to meditate on this fact for a day or two before posting that gold, platinum and silver must be subjected to the SAME rules and the same "logic".
    I don't want to fight you man.
    We are arguing over a non-issue. Of course nations hoard gold. These same nations use every means to disparage gold. They know that gold is money. They want the unwashed masses to believe the opposite. My point is, of all the precious metals, gold is intrinsically the least valuable - there are vast hordes of gold sitting idle. The same cannot be said for silver or platinum. BTW, I for one don't believe the US has 8000 tons of gold. After studying the mentality and immorality of Wall Street and our politicians, there can be no doubt that that gold is long gone, leased out and rehypothecated over 100 fold.
    Tricks and treachery are the practice of fools, that don't have brains enough to be honest. -Benjamin Franklin
    Sincerity makes the very least person to be of more value than the most talented hypocrite. -Charles Spurgeon

  6. #16
    Great Value Carrots
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    Re: Why Platinum is The Best Physical Precious Metal Investment Of Our Lifetime

    Gold is portable soil. Platinum is not.

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