still have my bag full of platinum koala bullion, but hang seng bank stopped selling them when platinum went truly rare (2004/05-ish), and now only makes a market for purchasing back.
... right or wrong, atleast i am consistent
my gold is now 22.22 x my platinum in ounces
blasts from the past
year 2000, october 28th posting
Message 14680519
"I am not a raving gold bug, closet or otherwise. I have and do own some gold and a satchel of PLATINUM coins. The PLATINUM coins were purchased over a period of my investment life since 1986, at an average price below USD 350 per troy ounce. The gold coins are mostly of the commemorative variety bought at premium to market price for gold. These metals constitute less than 3% of investment assets."
year 2000, november 22nd Message 14861804
"On gold, I am not a gold bug, and I do not believe in a return to the gold standard. Gold is not money. However, gold is a store of value. I do not know the value of gold, but I do know by observation that the selling of hoards of gold had saved many families in Asia during the past few years. I think PLATINUM is a better store of value. An oil field may be better still."
2000, november 26th
Message 14883919
"I do not believe gold will go up anytime soon, as the Europeans, against the better instincts of central banks elsewhere, insists on selling what had been accumulated by their ancestors and spend the proceeds on free drugs and free condoms. But, when Au does breakout, it will be front page news, in bold and shadow font, triple underlined; at that moment, no other assets will be valued at anywhere near their highs. Thus is the value of insurance.
I have some gold coins minted a thousand some years ago, and I leave some on desktop to remind me what to bring along when if I need to step into a time machine. I like physical PLATINUM better for hoarding purpose, in the form of Australian Koala coins. The metal is rarer than gold, and unlike gold, has a genuine and massive industrial use, as catalysts and as purifier (glass making), as well as being more popular each year for jewelry use, especially as gold price goes down relative to PLATINUM. Of course, its brilliant shine is almost as wonderful as gold, and its density complements the high fondle value. Should fuel cells ever replace the gasoline engine, I will then start to cash in the insurance policy, as more PLATINUM is required for the cells than for the catalyst in the tail pipe of dino burners."
Year 2000, december 31st
Message 15104466
"Capital preservation will be via cash, cash and more cash, and PLATINUM and gold; not that I believe in the intrinsic value of gold but that I believe others may see matters in that shiny light, and now looking at some SE Asian sovereign bonds denominated in US$ yielding north of 13% (not excited yet as 26% would be better)."
etc etc etc
Message 12455169
Message 12655632
Message 13153433
Message 13772863
Message 13973145
Message 14000098
Message 14005376 |
