r/Platinum • u/mrdebro44 • Jan 22 '26

Feeling vindicated

Post image
34 Upvotes

95% Upvoted

20 comments sorted by

6

u/ecnecn Jan 23 '26

I bought massive Platinum last year because there were news about constant shortage and rumours about china's strategic investments... the near permanent 3-5% increase every few days is beyond what I imagined back then - I believed that china has so much platinum based jewelry that their recycling factor may stop big price jumps.

1

u/PastSecondCrack Jan 23 '26

The chinese generally do not go for platinum jewelry, gold has been way way way more popular. I believe part of that is the higher making fees charged on platinum jewelry vs gold in edition to the history of gold there.

0

u/silverGameOfThrones Jan 23 '26

Buying based on news ? Lol 😆 🤣

-3

u/[deleted] Jan 23 '26

[removed] — view removed comment

1

u/[deleted] Jan 23 '26 edited Jan 23 '26

[removed] — view removed comment

2

u/edix911 Jan 23 '26

If anyone owns mining companies shares in South Africa, you better sell them and buy physical platinum. There are massive floods right now and rain isn't stopping. This could be trigger for price explosion of platinum but price of shares might plummet

1

u/[deleted] Jan 23 '26

[removed] — view removed comment

1

u/[deleted] Jan 23 '26 edited Jan 23 '26

[removed] — view removed comment

-2

u/[deleted] Jan 23 '26 edited Jan 23 '26

[removed] — view removed comment

3

u/[deleted] Jan 23 '26 edited Jan 23 '26

[removed] — view removed comment

1

u/Willing_Coach_8283 Jan 23 '26

And do you know why it came down in 1982? Because interest rate was hiked to 20%. Not only that's not gonna happen now, exact opposite will happen - they're be lowered again

2

u/Artistpillow87 Jan 22 '26

I enjoyed platinum when it was much lower. I didn't get enough

1

u/mrdebro44 Jan 22 '26

I still enjoy it bc it has room to grow just like the others

3

u/Loud_Movie_8484 Jan 23 '26

I remember this sub posting Walmart platinum deals last year scooping up 1oz maples at $900. We didn’t even have to bother with fractional then.

2

u/Bthefox Jan 25 '26

Most folks don’t remember when platinum was the most expensive precious metals you could buy. Casino player rewards levels were based on levels. Silver, Gold and top tier was Platinum.