PLATINUM 0.72% $840.00 platinum futures

hi guys. I you guys know im a gold man but I like all hard...

  1. 10,192 Posts.
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    hi guys.
    I you guys know im a gold man but I like all hard assets, and im still looking at physical platinum.

    The platinum price in AUD$ its the lowest since 2005 !!!!!
    I can buy all the 1oz bars I like for AUD$1280 at the moment, spot is AUD$1200.

    This is a historical event, as you guys all know pt usually trades well above gold.

    What is stopping me is a lot of people think pt use in catalytic converters will be over soon as electric cars don't need them so they don't use pt.
    That's the only thing im hesitant about, if it wasent for that, id be Breaking out my cheque book and buying 10oz right now, instead of more gold.

    What do you guys recken?
    do you think Pt story is over soon with driverless electric cars needing less pt in their system?
    Or do you guys think Pt will still be used in industry for a very long time to come and these prices are just great buying for the LT?


    love to hear all thoughts.
 
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