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Platinum Futures - Jul 24 (PLN4)

Real-time capital.com
Symbol
Exchange
Currency
PLDerivedUSD
PTRTSc1MoscowUSD
JPLc1TOCOMJPY
PLc1CMEUSD
PLc2CMEUSD
PLc3CMEUSD
PLc4CMEUSD
PLc5CMEUSD
PLc6CMEUSD
Currency in USD
Disclaimer
932.35
+6.20(+0.67%)
Real-time Data

Platinum Futures Discussions

History is replete with dictators, flush with success and power, getting dragged into sideshows that require more and more resources. Until finally an entire army is consumed and the empire lost in other battles. Could Pt be such for the Fed/banking Goliath?
Jim Rickards, probably one of the smartest guys around forecast 10k to 20k gold based on turning intangible money supply into a more favorable relation with tangible gold reserves.  It hasn't happened quite that way.  This huge pool of money is in an excited state, and who knows what asset will be picked next for a price explosion.  The efforts of the govt/banks are to direct this into things they can manufacture at 0 cost; stocks, bonds and bills; and secondarily into residential real estate to keep household net worth climbing and people spending.  But as can be seen with bitcoin, occasionally they lose control.  Maybe the chumps buying the next CNBC touted money losing company will buy some platinum.  Maybe not.  It's interesting that the hype about a silver squeeze helped platinum, with no publicity.  Shows it may be ready to go.
 crypto is just another intangible diversion away from conversion to tangibles, yet converting intangibles to tangibles is what must be done. I'm going to repost and say goodnight It's important to understand that notional valuations are dependant upon being convertible into tangible value from intangible value; so understand that bullion has been suppressed to reify bubble intangible valuations. As tangible valuations increase we should expect to see a rush to concretise intangible gains into tangibles, right now the music is still playing although wise guests are taking seats while they can. Look at just crypto valuations alone and think what that would do if only a few billion dollars converted to bullion. https://www.investing.com/crypto/
I had to come back and clarify that you inapproprately interjected jim richards and gold which isn't my point at all as I say why buy gold which just enriches bankers loaded with thousands of tonnes, buy scarce discounted platinum instead. My argument is for platinum, not gold.
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