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Big jump in silver today


zzmocashzz
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RE: platinum

 

the market is fixated on EV's and related metals. The vast majority of platinum  production is used for Catalytic converters. So platy is on a (likely?)  long term downward spiral. EV's have no CC

 

There are some supply/demand issues  with platinum that will come into play fairly soon,. So it will have it's day and make a nice a run at some point. I will  be a seller when that day comes. 

 

like MM said,  it holds its value vs currencies and always will.  You won't go wrong if that's your purpose, but there are better ways to accomplish that b/c of platys premiums.

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RE: platinum

 

the market is fixated on EV's and related metals. The vast majority of platinum  production is used for Catalytic converters. So platy is on a (likely?)  long term downward spiral. EV's have no CC

 

There are some supply/demand issues  with platinum that will come into play fairly soon,. So it will have it's day and make a nice a run at some point. I will  be a seller when that day comes. 

 

like MM said,  it holds its value vs currencies and always will.  You won't go wrong if that's your purpose, but there are better ways to accomplish that b/c of platys premiums.

 

Agree on the loss of demand due to catalytic converters disappearing over the long run.

 

Palladium has historically been lower than platinum, but is now higher....not sure why it's been rising.

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RE: platinum

 

the market is fixated on EV's and related metals. The vast majority of platinum  production is used for Catalytic converters. So platy is on a (likely?)  long term downward spiral. EV's have no CC

 

There are some supply/demand issues  with platinum that will come into play fairly soon,. So it will have it's day and make a nice a run at some point. I will  be a seller when that day comes. 

 

like MM said,  it holds its value vs currencies and always will.  You won't go wrong if that's your purpose, but there are better ways to accomplish that b/c of platys premiums.

 

good points

 

if you hold enough gold/silv/plat you can play that game where if one goes bonkers (like when plat went to 2200 while gold was under 1000, or when silver got to almost 50) then you can dump some and still have plenty of metals

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