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/biz/ - Business & Finance

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13866367 No.13866367 [Reply] [Original]

Is platinum a worthy investment?

>> No.13866379

>>13866367
>no whitepaper

>> No.13866394

>>13866367
Tons of metals futures have been on the downturn.
Maybe buy the dip??

>> No.13866466

Not worth it.

Silver or gold are much better.
Ive got a heavy precious metal portfolio. Silver is very manipulated but stable.

t.boomer

>> No.13866505

>>13866367
I thought demand for platinum died out once grillz went out of fashion

>> No.13866551
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13866551

Historically it's been priced about the same as gold, it hasn't been there in a while. I don't know if its suppressed or will make a come back.
It's much harder to liquidate though

>> No.13866664

>>13866367

As an industrial metal it has some virtue. Use gold if you want a hedge against stocks or the currency.

>> No.13866819

name a metal that is an investment rather than a store of wealth

>> No.13867087

>>13866819
Besides gold & silver or maybe palladium & platinum?
Every single one.

>> No.13867091

>>13866466
I keep hearing that silver will breakout for years but it remains stable

>> No.13867127

>>13866367
Fuck no you'd be buying the literal top

>> No.13867873
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13867873

Why buy platinum when they are practically giving silver away for free?

>> No.13868183

>>13866367
Shorts will crush you into oblivion. You'll be holding until its pure pain.

>> No.13868195

>>13866367
The achilles heel of the financial system.

>> No.13868744

>>13867873
I really want to be buying silver like crazy right now but I have had some medical problems and the bills are coming in.

>> No.13869224

>>13868195
What did he mean by this

>> No.13869348

>>13868744
sorry to hear that

>> No.13869478

>>13868183
>>13868195
>not buying for the long hold
shorts make it cheaper to buy
you're not going to make it

>> No.13869518

Roman currency debasement took ~200 years before you started noticing some serious consequences. Same symptons as our time right now. A widening gap between rich and poor wages is the most obvious. But I don't think we'll see fiat collapse within the next 50 years. Might not be bad stacking them but its kind of a waste at this point. You could keep 1-3% in metals. But anything more and you're litterly hoping for doomsday to arrive early.

>> No.13869623
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13869623

>>13869518
>Roman currency debasement happened at the same rate that ours is being debased by
>collecting coinage to be melted, mixed, and recast is the same speed as changing 1s and 0s in the banks' databases

>> No.13869657

>>13869623
well yeah. ofcourse.

>> No.13869675

>>13866379
underrated