8bits, from the date of the nyt article in 1991, when nissan made their pitch, when platinum was at $376.70, down 20, it now sits at 1,415, gaining 9% per annum since, without fuss and minus the hassles
so, we should instead be adding to platinum, but only if the actual platinum coins were verifiably available to real people - they have been unavailable in hk for 7+ years now
given its very unique properties and genuinely limited stock (not as if the earth is getting more massive, and besides, space colonization will probably require the use of lots of platinum), the metal must be meant for greater purpose, in a biblical sense of 'greater', say some geewhizbanohwhoawee energy application, for example, or knockthemsocksoff medical use, for instance
if / when so, why not platinum at 14,000 an ounce? or, should the true imperative arise, 140,000 a gram, in 1991 purchasing power parity dollars indexed to lifestyle? it is less likely that gold has same potential for outofthebluethunderbolt gain
liquidating platinum can only be based on premise that an alternative use of the funds thus liberated will be found, engaged with, and not making losses on; typically a bad bet and poor wager, especially for excess savings and surplus capital that ought to be treasured, nursed, and shined every so often, as often as possible.
on the fundamental side, a few million tail pipes endlessly recycled on 60 months schedule is only so much demand going round and round, whereas india's taste for platinum jewelry is on track to match same in china and japan, and jewelry in some parts of india and china tend not to be recycled for several generations.
also, diesel tailpipe regulations, newly mandated everywhere with various launch date, require ... you know what, and the knowhow is different than gas powered tailpipes; if so, and as energy costs rise ...
also, fuel cell ...
harddrive coating ...
consider the possibilities
recommendation: buyplatinum on weakness should it ever show up as weakness.
chugs, tj |
