That platinum is worth what in collapse? Its on paper...Even it you had it in hand, its worth less than water, a gun, food, ammo, a place to sleep. Think about it. I did and I am spending every penny on what will keep me and my dogs alive.

 

You are correct, but you completely miss the point.

You cannot eat metal, but you can't retire on freeze dried food and water filters either. PMs are for preserving wealth. It has nothing to do with surviving a collapse.

And for what it's worth, metals probably will be used in trade after a collapse.

 

I mean in relation to gold; need to be more specific sorry.

 

My guess would be that it used to be much more expensive than gold so most people avoided it. Gold is also the medium of choice for nations and central banks for storing wealth.

And just to put this **** to bed, no Icesplitter PMs probably won't have much value in a Mad Max collapse. It's a good thing that has almost zero chance of happening outside of survival fiction.

 

Depends how mad "maxy" we get. PMs serve a purpose of having inherent value that all people recognize. Yes you cant eat blah blah blah, but if we survive the inital 2 weeks following SHTF, a common barter medium will be needed.

 

You ever try and pay for anything in Platinum?

 

Post SHTF I've got some rice and beans for sale. You come up and offer platinum. I ask got any gold, silver, ammo? No, sorry no deal. Thats why platinum is a poor PM for when the SHTF. Most people are clueless when it comes to platinum ect. I guess in the end it depends on how deep the collapse is.

 

I think brass and lead is a better metal when the world blows up.:

 

Platinum is used for gadgets, etc. That's where it gets its value. Gold has been recognized as money since the beginning of time. BTW, I believe gold is now more valuable than platinum. In a SHTF situation, I blieve 90% silver might be the best metal.

Gold would be so expensive to move that it may almost become worthless to the one who holds it. It makes a nice addition to a retirement portfolio, though.

 

Heh, I see copper, nickel, even titanium and zinc (yes zinc) individual bars for sale. The nickel ones are stamped for investment grade like the silver ones are....I'm wondering who is buying those

 

I'll stick with silver and maybe just a little tad of gold.

Post collapse, it'll be difficult to convince anyone that a 1959 silver dime is really worth more than 10 cents. It'll take awhile to establish an exchange rate for gold and silver.

Platinum is more rare than gold and silver so it'll take longer to establish a rate of value for exchange.

I think I'll stick to the basics in the area of PMs. Silver and maybe just a bit of gold.

I'm not really smart about this, so YMMV.

-bob

 

Post collapse, it'll be difficult to convince anyone that a 1959 silver dime is really worth more than 10 cents.
-bob

This is something that's tumbled around in my head too. This is what makes me wonder about what kind of "added value" having purpose-made rounds and bars stamped with ".999 fine silver, 1 troy ounce" might be more "valuable" for a while than $1.50 face junk silver.

Thoughts?

 

Platinum is mostly an industrial metal so it's likely to hold little value after SHTF. Also, being an industrial use metal, its value tends to follow the health of the manufacturing sector.

Gold and silver have thousands of years of history to back them up as a form of currency.

 

The fixed price of platinum and it's obscurity here would not make it a good investment. Maby if your escaping to asia where it is commonly used for jewlrey
It would work better.

 

You know what my biggest fear of platinum is?

In bar form it looks just like silver.

I am afraid that my dumb ass will grab the platinum bar and put it in with the sliver bars at trade time. Or worse, my wife or one of my kids will.

Plus, the price to earnings margin is just not that great. Yeah, it's valuable, but I can make a lot more flipping silver.

 

" fixed price of platinum "
Its not fixed. The price changes just like the price of gold and silver.
I have decided to start buying platinum coins. I have been buying gold and silver for years with good results on paper. (I have not sold any)
At the moment platinum is cheaper than gold. Should the economy improve (unthinkable to 99% here on this board I know)... platinum could increase in value or hold its value as gold falls. Platinum is vital and an industrial metal and demand will increase if cars sales pick up etc. On the flip side... platinum might not keep up with gold if there is a dollar crash but I don't think the price gap will get much wider than it is right now.
Platinum will be my way of getting some diversification in my metals investing.