Re: buying platinum at the spot price

Hello

On you posting below.

When it comes to buying coins from the United
States Mint, it is a "take-it" or "leave-it"
on the Price. There is no haggling or bartering
on the price. The same can be said with most
Coin dealers, or Coin Sellers.

We are in a recession. Such metals like
Platinum, Palladium, Silver, and Gold are
Used in industrial applications. Autos use
Platinum, and Palladium in catalytic
Converters. The electronics industry
Used Gold and Silver on circuit cards. If
The global demand is down due to lower
Metal demands, the cost goes down.

While the DOW, S&P-500, and NASDAC closed
up this Thursday, we are in for a very long
recession.

You can buy at the spot price on the
Secured web link below from Kitco.
This would not be in Coins.

https://online.kitco.com/bullion/completelist.html

--------------------------------------------------------

"yawnmoth" <terra1024@xxxxxxxxx> wrote in message
news:b185f682-7d49-44bf-8549-5275a8353583@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
According to <http://www.coinnews.net/2008/10/16/gold-brushes-800-
platinum-nears-gold-silver-below-10-and-oil-under-70/>, Platinum
closed at $900 on (I assume) the New York Mercantile Exchange. My
question is... how can I buy Platinum at that price? Could I buy an
American Eagle Platinum coin at that price?

Also, why would commodities like platinum and gold be dropping as they
are? It seems to me like their growth should be inversely
proportional to the stock market? Maybe it's because (and I'm just
guessing) people tend to sell stocks to raise the funds to buy gold
and that since stocks are selling for less, they're having less to
spend on commodities?


.

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