Even the freakin Philharmonic now comes in PLATINUM.

in #steemsilvergold8 years ago (edited)

Dear Stackers,

If you look how many mints now offer platinum coins one can conclude that more and more stackers buy a little platinum . I do see the advantage of owning (some) platinum and the diversification effect but still have zero platinum.

Here is a raw 9 Oz from Russia Ural mountains. Coins follow below.

(source Nevada-outback-gems)


Some 5 years ago I did not see many different platinum coins; you had the platinum maple and an australian platybus if you could get it at all. Then there was a Russian paladium coin with a ballet dancer I believe of which I forgot the name.

Let's look at some of the items available nowadays. There is even a freakin platinum Philharmonic I now see!

(source: auragentum.de)

And of course there are platinum bars in all sizes like this kilo bar

Why platinum?

Well, there were posts on this already. Turmoil in South Africa - as we speak - and relations with Russia being not what they were anymore can make the platinum price explode in the future (like steem!) . Most of the platinum is mined in S.A. and Russia you must know and auto and other industries cannot do without. I already learnt as a scolar that platinum is a katalysator in chemical reactions and used in various products like lamps.

#Where do they mine it ? Check this S.A. map

This is all for today, enjoy your Sunday,

Goldrooster

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Platinum's price is historically all over the map, talk about whiplish!

I particularly liked the Viking ship and the Koala coins.

Well community, platinum has NEVER, the ratio to gold has NEVER been this high @ 1.4. Platinum has traditionally held a $250-300 premium to gold. Even paladium is priced higher than platinum, and is 10 times rarer than gold. What am I missing, well I'm not because I have been averaging into the metal at a set percentage to my other holdings.

Life time Gold:Platinum Ratio

I must say the coins look awesome. Beautiful even.
Somehow the platinum doesn't really make my heart race like gold and silver does. Not that I don't see the advantage of owning a little platinum and maybe I am using my heart instead of brain to think. Still given the meager condition of my bullion portfolio I think I am going to stick with silver for now. As for platinum...............the prospects do look good and maybe in the future I'll get some.

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