If you believe in buying low and selling high, then you should have a look at platinum right now. The rare white metal is on pace for its biggest monthly loss since May 2012 and September saw its steepest quarterly plunge in seven years.
Right now gold is priced $200 more per ounce than platinum. Normally, platinum brings 25-35% more than gold, which creates an interesting buying opportunity that we have to bring to your attention. Many of our clients have been trading some of their gold for platinum to diversify their current portfolios, which we can help you with.
So What Happened to Platinum Prices?
Platinum has been getting dragged down with other commodities like oil and copper as investors factor in slower global growth in the future. The other major reason for the selloff is due to the emissions-rigging scandal at Volkswagen. Platinum is a the major component used in catalytic converters in automobiles to control emissions, so the thought here is if less cars are made, less platinum will be consumed.
For most of this century, platinum has been priced well over a thousand dollars per ounce. It hit a high of $2,200 per ounce in 2008 as investors rushed into the metal as a safe haven after the crisis of 2007. In our opinion, the metal appears severely mispriced at the moment as it has fallen over 15% this past quarter.
The problem that we (and every other dealer) are having right now is finding actual platinum coins or bars for our clients. This begs the question: how can platinum be falling in price when you can't get any? Consider this:
- One ounce Platinum American Eagles are trading dealer to dealer for nearly $200 per ounce over spot with three month delays or more!
- Platinum bars are nowhere to be found in any quantity today and have large delays.
- 90% of the world's annual supply is extracted from four mines. Three of them are in Africa.
- It is estimated that if all platinum mining stopped today, available platinum would be exhausted in one year or less!
While our supplies last, we are offering one ounce Platinum Maple Leafs for just $1,059 each with a credit card. Due to
extremely tight supplies, we cannot guarantee their date, but they will be in superb mint condition, guaranteed!
We only have 200 ounces of these attractive platinum coins to offer and this is the first large group of world minted platinum coins we have located in the past four months. We expect a rapid sellout at these prices, so move quickly to take advantage of this special
offer while you still can.
