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Platinum in '18

Scorpio

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#1
Starter brought this up in a old thread,

Plat has been driven to deeper lows once again,

For those of interest, here are some charts: daily and a weekly

1.png



2.png
 

Scorpio

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#2
This report incorporates analysis of platinum supply and demand during the fourth quarter and full year 2017.
Platinum supply and demand will be closely matched in 2018, returning the market to equilibrium (+25koz).
  • Global platinum supply is forecast to be 7,815 koz in 2018, a decline of 2% from 2017, despite an anticipated increase in recycling of 60 koz to 1,965 koz. Total mining supply for 2018 is expected to decline by 4% to 5,850 koz, mostly owing to reduced output from South Africa following some mine closures in 2017 and lower production in Russia.
  • Global demand is projected to grow marginally in 2018 to 7,790 koz, as a recovery in industrial demand and an increase in jewellery demand outweigh a decline in automotive demand and slightly lower investment demand.
For the full year 2017, total platinum supply grew 1% in 2017, with the market ending 2017 in a 250 koz surplus. Global demand, meanwhile, fell 7% year-on-year, amid lower demand in all major market segments.
  • Automotive demand fell 3% in 2017, due primarily to falling demand in Western Europe. The market did, however, experience growth in commercial vehicles in China and the rest of the world.
  • Global jewellery demand slipped 2% to 2,460 koz as gains in other regions struggled to offset a decline in China.
  • Total investment demand was also lower in 2017 at 260 koz, due primarily to a decrease in Japanese bar buying. However, ETF investment rebounded strongly in 2017 after two years of declines, with global holdings rising by 95 koz.


https://www.platinuminvestment.com/supply-and-demand/platinum-quarterly
 

Scorpio

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#3
2018 1 oz Platinum American Eagle Coin







Free Shipping When Purchasing This Coin, Use Coupon Code: SILVER17

Pricing Options

In Stock
IRA Approved
Quantity Price Over Spot Price 1-9
$89.99 $1,006.49
10-19
$84.99 $1,001.49
20+
$79.99 $996.49

https://sdbullion.com/2018-american-platinum-eagle-coin-1-oz
 

Scorpio

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#4
1 oz Platinum American Eagle BU (Random Year, 1997-2017)

As low as $74.99 per coin over spot!

Each of these patriotic coins features a beautifully detailed image of the Statue of Liberty, which is the perfect subject for the U.S. Mint's only investment-grade Platinum coin. Read More



(10 reviews)

QuickShip® Eligible

Volume Pricing

Quantity Check/Wire CC/PayPal



1 - 9 $999.09 $1,040.72 10 - 19 $994.09 $1,035.51 20 + $989.09 $1,030.30

Sale


https://www.apmex.com/category/31115/1-oz-platinum-eagles
 

savvydon

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#5
The gold to platinum ratio is at or near all time highs at the moment. It is hard for me to believe it is not a good play currently.The eagles are very popular.
 

stas3000

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#6
The gold to platinum ratio is at or near all time highs at the moment. It is hard for me to believe it is not a good play currently.The eagles are very popular.
I believe the ratio hit the all-time high very recently -- within last few weeks. The eBay prices of platinum bullion -- Eagles, Maples, bars, etc -- are pretty high. A premium of 10-15% is totally normal for 1 oz pieces. Wondering how long this will continue...
 
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ZZZZZ

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#7
1 oz Platinum American Eagle BU (Random Year, 1997-2017)

As low as $74.99 per coin over spot!

Each of these patriotic coins features a beautifully detailed image of the Statue of Liberty, which is the perfect subject for the U.S. Mint's only investment-grade Platinum coin. Read More


(10 reviews)

QuickShip® Eligible

Volume Pricing

Quantity Check/Wire CC/PayPal



1 - 9 $999.09 $1,040.72 10 - 19 $994.09 $1,035.51 20 + $989.09 $1,030.30

Sale


https://www.apmex.com/category/31115/1-oz-platinum-eagles

"As low as $74.99 per coin over spot! "

Do you have to buy 1,000 coins to get the "as low as" pricing? cool:
.
.
 

savvydon

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#8
Do you have to buy 1,000 coins to get the "as low as" pricing? cool:
Actually that number would be 100 coins. Still, you can get just one coin for $15 more/per. Pretty good deal. I remember when I dumped some platinum at $2200 about 10 years ago. I think this is a fine time to accumulate some.
 

ZZZZZ

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#9
Platinum has got to be the most undervalued asset on the planet right now.
.
.
 

EO 11110

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#10
how are the fracs and proofs holding up?
 

stas3000

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#11
how are the fracs and proofs holding up?
How are platinum fractional and proof coins holding up in terms of prices on eBay? Oh gosh, from what I've seen in last few months, 1/10 oz Eagles sell for like $120-150 ungraded. Over $200 for slabbed is not uncommon. Proofs same if not higher.
 

Strawboss

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#13
Platinum has got to be the most undervalued asset on the planet right now.
.
.
Undervalued by what? Historical past performance? Is it primarily an industrial metal? What are its supply/demand fundamentals? Do they still use as much Pt in cat converters as they used to?
 

ZZZZZ

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#14
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#15
Occasionally APMEX will put bullion on sale on ebay at very low premiums - I think as loss leaders to find new customers. I bought an ounce of physical Pt that way sometime in the past year. But because of the high premiums I have been going against my better judgement and playing the PPLT ETF with my IRA money. It's like playing with a falling knife lately, but when I think it is oversold I buy a couple hundred shares of the ETF and then sell when the price recovers. I've been getting a few percent every few months this way, but have to keep a sharp eye on the Pt prices almost every day.
 

savvydon

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#16
Occasionally APMEX will put bullion on sale on ebay at very low premiums - I think as loss leaders to find new customers. I bought an ounce of physical Pt that way sometime in the past year. But because of the high premiums I have been going against my better judgement and playing the PPLT ETF with my IRA money. It's like playing with a falling knife lately, but when I think it is oversold I buy a couple hundred shares of the ETF and then sell when the price recovers. I've been getting a few percent every few months this way, but have to keep a sharp eye on the Pt prices almost every day.
Right now I see Platinum as a good stacking move, but I'm not so sure about short term ETFs for investing. I just don't know enough about the underlying politics and positions in the sector to lay my money down. 2c
 

oldgaranddad

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#18
I've been tempted to stock up on more platinum but the premium and discount spreads on buy and sell are way out of whack for what should be a commoditized metal.

It seems like coin dealers give platinum no respect and PM dealers can take it or leave it most of the time.
 

oldgaranddad

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#20

savvydon

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#22
Platinum seems like a great contrarian buy to me at the moment. Ratio is near all time highs and it is mightily negleted. 2c
 

Pyramid

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#24
Agree that if you're looking to test the platinum waters, now may be the time to do so. 3 online dealers are running sales on 1oz Pt Eagles in the spot + $60-67 range, with others another ~$10 or so above that at regular prices.

Not sure why, but the Pt Eagle is coming in line with GAE/Buffalo premiums, +~7% for Pt, +~6% for gold and +~12% for SAE's.

Perhaps the US Mint did something intelligent and is capturing a down price in this commodity...they have produced 30,000 1oz Pt Eagles so far in 2018, they produced 20,000 in 2017. I doubt it, however. My guess is that the US Mint is facing strong competition from the Perth and Royal Mint issues and are trying to retain market share, if even at a lower premium charged to distributors.

Your thoughts please. Running around Al Gore's internets looking for Pt production numbers, mint markups, and facts is an excercise in circular futility.
 

louky

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#26
it's happening guys


I'm trading platinum, i wouldn't go long on it with physical until it makes a lower low. Gold and silver made "forever", last chance bottoms last December 2015. Platinium most likely won't do that for another year or so
i remember at the time everyone was wanting to load up platinum, but that was my take. reason the cot report is so ridiculous right now.


 

gringott

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#27
Looks like a buy to me.
 

louky

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#28
Looks like a buy to me.
Thing is, kind of like what I commented on just now in another thread regarding silver. As long as you bought 2017 and beyond platinum dips the timing really doesn't matter because premiums are out the ass right now anyway. So you pay the same, even though I had the long run plan to pick bottom.
 

savvydon

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#30
By way of follow up, platinum is being taken to the woodshed this morning. Now on its way to a 15 year low. The platinum to gold ratio is at a 30 year low. I need to research it bit this may be the lowest it has ever been.
 

hernancortes

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#31
Plat is looking tasty right now with premiums not nearly as bad as were when spot crashed in '08. Phils or Maples are good enuf for me.
 

gringott

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#32
Anybody got a tip on low premium plat? Can't seem to find any!
 

savvydon

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#35
As the metals get bombed today the Gold to Platinum ratio is at the threshold of a historic level 2:1. This is by far and away the greatest the ratio has been since the gold window was closed almost 50 years ago. As recently as 2008 it was at approximately .4:1. This means that back then it would have taken about 2.5 gold eagles to acquire a one ounce platinum eagle. Today those same 2.5 ounces of gold eagle will get you 5 ounces in platinum eagles. Amazing!

screenshot_111.png


As I typed this post the ratio just hit 2:1.
 

Cigarlover

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#38
I just posted the same thing in the other platinum thread. :).

Those premiums though.