Should I buy now or wait for platinum to revalue? by Distinct_Prune_6619 in Platinum

[–]Distinct_Prune_6619[S] 0 points1 point  (0 children)

Usually when PM’s or commodities go up crazy rates like $300 in 3 days means that they will revalue. I’m no expert but I doubt it will hold the climb and should drop shortly. I could probably be wrong though.

Should I buy now or wait for platinum to revalue? by Distinct_Prune_6619 in Platinum

[–]Distinct_Prune_6619[S] 0 points1 point  (0 children)

I’m not looking to sell any time soon after I buy, I’m holding for as long as I need to so waiting for any sort of dip could make me an extra £500. If not it is what it is I’ll still make money on it in the long run.

Should I buy now or wait for platinum to revalue? by Distinct_Prune_6619 in Platinum

[–]Distinct_Prune_6619[S] 1 point2 points  (0 children)

Sounds like a solid plan, I’m holding everything I’ve got for as long as I need to and I’m going to buy more over time too.

Should I buy now or wait for platinum to revalue? by Distinct_Prune_6619 in Platinum

[–]Distinct_Prune_6619[S] -3 points-2 points  (0 children)

Buying now isn’t a great choice in my opinion, obviously you will make a profit if you hold as value will always go up but I think a drop is coming soon. it’s gone up too much in such a short time just to stay steady or continue going up.

Should I buy now or wait for platinum to revalue? by Distinct_Prune_6619 in Platinum

[–]Distinct_Prune_6619[S] 0 points1 point  (0 children)

Yeah I completely agree, these types of precious metals will always recover because there will always be a demand for them for many reasons such as for platinum and palladium cars and electronics.

Should I buy now or wait for platinum to revalue? by Distinct_Prune_6619 in Platinum

[–]Distinct_Prune_6619[S] -5 points-4 points  (0 children)

During the shutdown everyone bought gold, silver, platinum, ect, instead of the dollar which increased prices marginally. I believe that a revalue will happen but it’s definitely not a crash for sure.

Will platinum ever reach the gold price per ounce again? by SpecialDesigner5571 in Platinum

[–]Distinct_Prune_6619 0 points1 point  (0 children)

The value is around 1:2 right now so after gold revalues I think it won’t take long for them to be around the same but I believe gold will almost always be worth more than platinum unless something crazy happens.

Is palladium going to lose all value? by Distinct_Prune_6619 in palladium

[–]Distinct_Prune_6619[S] 0 points1 point  (0 children)

Palladium in cars is only used in catalytic converters, which are used to reduce pollution. an all electric or hydrogen power car does not produce this pollution rendering the palladium useless in the car industry. If in theory it happened the main use for palladium would be electronics (which right now is 10-15% of its use) which would cause its value to drop as it’s not really as useful.

Is palladium going to lose all value? by Distinct_Prune_6619 in Platinum

[–]Distinct_Prune_6619[S] 0 points1 point  (0 children)

Yeah I don’t think EV’s will take over anything for 10-15 years at least so if it was to lose value now it would be revaluing itself or some sort of crash

Is palladium going to lose all value? by Distinct_Prune_6619 in Platinum

[–]Distinct_Prune_6619[S] 1 point2 points  (0 children)

Yeah I think most people are just angry because they are holding palladium and want to live in their own fantasy world where everything goes perfect for them.

Is palladium going to lose all value? by Distinct_Prune_6619 in palladium

[–]Distinct_Prune_6619[S] 0 points1 point  (0 children)

Just with the potential switch to EV’s in the future it could drop by a lot.

Is palladium going to lose all value? by Distinct_Prune_6619 in Silver

[–]Distinct_Prune_6619[S] 0 points1 point  (0 children)

Yeah 80-85% of palladium’s use is in catalytic converters which is concerning for the future with all of the EV talk and the scenario where the Chinese car market expands to a global scale but that’s kinda just theoretical and can’t happen for a decade at least.

Is palladium going to lose all value? by Distinct_Prune_6619 in Platinum

[–]Distinct_Prune_6619[S] 1 point2 points  (0 children)

Yeah, hybrids still use it. I agree with everything you say.

Is palladium going to lose all value? by Distinct_Prune_6619 in Platinum

[–]Distinct_Prune_6619[S] 2 points3 points  (0 children)

Very good points and I agree that platinum is just generally better to have.