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If you're not the type that needs to have it in hand (and there's certainly nothing wrong with that), then buy it and put it in a self-directed IRA. At least you would get the tax benefits. On another note, one of the objections that I hear quite often is that it's too bulky, too hard to store. No, that's not really true. Last edited by vintagetoppsguy; 06-19-2019 at 01:01 PM. Reason: Mistyped |
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What are your thoughts on platinum? See it on eBay on occasion and have often thought about. No idea what the history of it investing or collecting wise.
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I can't give an opinion on platinum as I really don't know much about it. I've thought about picking up an ounce or two just to have, but I haven't done it yet. For me, the reason I chose silver is it's industrial uses. I'm not sure what platinum is used for, but I do know it does have some industrial uses, just never researched it.
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Platinum has a much shorter history as a precious metal commodity than gold or silver. In my opinion, at it's current value it is grossly underpriced when compared to gold and silver if based on no other criteria than it's scarcity. Numbers indicate that it is mined at a quantity 15x or so less than gold. The only platinum national mint coin that I am aware of is the Canadian 1 oz Maple Leaf. A beautiful coin. There are quite a multitude of platinum bars offered by different producers. It just doesn't seem to have the cachet, or "safe haven" status among precious metal "stackers" that gold and silver possess. Speculation with it is of course possible without taking physical possession of it. Personally, I think it has a high probabilty of increasing in value and a very small downside risk. Do I own any? No.
Last edited by 58pinson; 06-19-2019 at 12:54 PM. |
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https://www.apmex.com/category/31100...merican-eagles
__________________
My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt. |
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Was not aware of that. Thanks for the info.
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Guys, one more ? on this kind of investing/collecting if you can bear it. . . . .
In looking at titanium, there seems to be a real differential between a 1 ounce bar and say a 1 ounce US mint coin. If you want to dip a toe in this is, is there really any reason to buy some 2018 US Mint coin? Is there really a market for these recent coins, whether Canadian, US, S. African or anywhere else, above and beyond the metal itself? [I realize of course that vintage coins like a St Gaudens gold piece merits a substantial premium over the price of the raw material.] Last edited by Snapolit1; 06-19-2019 at 03:29 PM. |
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I've looked into it. Very volatile was my impression last time I did.
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My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt. |
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