platinum is a good price right now compared to where it was a few years ago (like $3000 ozt.), and rhodum too, it was like 5k, or some crazy amount. In my opinion these "white" metals including platinum, rhodium, palladium, germanium, argentium, silver, and whatever else were extensively used in production of and continue to be used in the production of electronics. These white metals have always been used especially during the 1990's, and 2000's, so the price was really high per ounce....BUT, now there is something better, and cheaper, and adaptable....Rare earth metals are what is in everything NOW, every computer, ipad, ipod, whathave you. That is the reason for the steep decline in white metals recently, the exception being silver. Now that China has a monopoly on rare earth metals, and the rest of the world is 20 years behind China in this industry, and coupled with the constant advancement of technology in computers and electronics means one thing. Don't expect the white metals to rise anytime in the next 20 years, that is with the exception of silver, since it is still used in everything, unlike platinum. Rhodium is still used in industry probably more than any of the others, except silver, but rhodium is used in plating practically everything silver nowadays, and any other white metal sold with a asthetic purpose such as sterling flatware or jewelry. Until America becomes a manufacturing nation again or some new technology develops, I think all the white metals will slowly drift lower in comparison to silver and gold which will continue to rise, as the dollar continues to slump along with all world currencies. So, with that said, I would take any metal including lead, or even zinc, or perhaps aluminum, or even worse titanium over dollars from the US or any country for that matter. Have anything instead of cash is better. I would be in a world of sh*t if I bought the white metals when they were thousands of dollars and ozt. a few years back, only to watch them fall to the levels they are now is depressing. Any money I have extra I try to invest in silver. 100% gung ho with silver, I sell gold to buy silver, etc. Don't buy platinum as an investment, UNLESS you believe in your heart, that America will rise again to Superior status, keep it's hands to itself, and elect Ron Paul (Ron Paul fan!), and start the rebuilding of America, until all that happens, or if you believe it will happen than buy platinum with your heart, but I believe certain metals are more apt to rise when USA is super awesome, and has manufacturing jobs at home, and we are prosperous, and we are not losing are asses, and all screwed up in debt, until we start building goods at home these few metals will dwindle, especially during worldwide depression. The only exception is art of war, these metals also are included heavily in arms, bombs, explosives of all types, incendiary devices, weapons that are generally banned by ICC and WHO, and UN....but these weapons are still made using white metals, war time produces a chance to exploit resources and create jobs of building death machines, and weapons, yes great jobs, but at what expense. This is what is happening right now with the white metals, we are not shocking and aweing anyone right now, so manufacture of the really bad stuff is put on hold for awhile. Nickel should be included in both aspects as well since it would apply in all situations. Nickel would have value as barter or trade value as would copper, and all the smaller cheaper base metals. I don't subscribe to any of the "expensive" white metals at all. Don't take my word for it, I am a crazy. Buy with what your heart tells you. Myself I buy what I like and enjoy, that way I am always the winner. Peace. sorry for the long story few will read.
Posted: Wed Nov 30, 2011 11:38 pm
