lately I heard a good discussion about investing in precious metals. I agree that, although gold is the big thing at the moment, other precious metals can be eqauly as powerful to own as is gold. Espacially metals that are valued for other uses other then just jewelry. For instance, Platium has a much larger spectrum of uses other then just jewelry. I beleive this may even give platinum more leverage power in the future then gold. What are your thoughts on this?
My other big question is how would I go about perchasing platinum? Where do I buy it? Pure platinum? I live in the Seattle, Wa area.
thank you for you answers.
You could buy ETF
http://etf.stock-encyclopedia.com/category/platinum-palladium-etfs.html
I am biased towards Gold so would not offer any answers for Platinum’s investment potential
Me and my investing mates love platinum group metals as well as gold. We buy physical bullion through online exchanges, which is then stored in custody. Cheaper to buy and store than using ETFs like we used to, and why own a paper security when you can have more security and own the physical metal for less? W looked at 2-3 services but opted for the guys at MyCommodity.com because it was cheaper and easier to use than GoldMoney.
David Einhorn at Greenlight Capital sold his fund’s huge stake in SPDR Gold ETF (world’s largest) for exactly these cost reasons and maybe more – http://realitylenses.blogspot.com/2009/07/david-einhorns-greenlight-capital.html
PLatinum has proved a better performing investment for me than gold. It is a very difficult metal to mine, creates a lot of pollution, and the deposits are often found in unstable regions.
Go Bulls! Later
This is the right blog for anyone who wants to find out about this topic. You realize so much its almost hard to argue with you (not that I actually would want…HaHa). You definitely put a new spin on a topic thats been written about for years. Great stuff, just great! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you blog post .
You made some decent points there. I looked on the web for the difficulty and located most individuals will go together with with your website.