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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: re3 who wrote (45093)1/10/2009 8:57:54 PM
From: TobagoJack1 Recommendation  Read Replies (4) | Respond to of 217625
 
hello atgr,

i have always been more partial to platinum than to gold Message 15774371 (5/9/2001) "4% Metals (72% PLATINUM, 28% gold); I am adding gold, holding on the PLATINUM, and am happy to have this allocation to go as high as 5%, but no higher"

i had not bought physical platinum (nor have i sold) since above referenced time because pt bullion went extinct in hk banking system (hang seng bank, the dealer, only bought and stopped selling due to physical supply constraint)

i have not done any pgm finance.yahoo.com and its competitor finance.yahoo.com .

i note both are paper derivatives constructed out of still more paper derivatives, and i have a problem with that sort of convolution in general, but particularly for anything i mean to ltbh, and specifically for pt.

this finance.yahoo.com is perhaps a better schema because it is 100% backed by physical, but alas, is still a derivative a few thousand kilometers removed from my anxious hands.

for long term reserve hoarding, i must have physical, and the physical must be no more than 30 minutes riding distance from grabbing distance.

very recently i have started to again add to physical pt hoard Message 25288029 at 920 and Message 25242140 at 790, because of actual and near-enough platinum-gold parity; but, still no bullion supplies in hk, and so had to directly import inconvenient bars.

cheers, tj

p.s. i was discussing the issues with a israeli-swiss private banker and trader last night, and he intends to put on a short gold etf and long pt etf trade, which can be a winner.

gold may be precious

but platinum is strategic and more precious, at 1/10th the reserve size of gold

for the two to be at 'close-enough' price parity is unreasonable.