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A couple observations on silver,gold,platinum
Posted:
Fri Aug 19, 2011 8:25 pm
by JerrySpringer
Anybody else watching gold vs. platinum prices? Looks like platinum price is always trying to stay a bit higher than gold. I thought platinum was an industrial metal foremost. Hmmmm? The other thing is that I think we will see silver buyers and sellers start coming out of the woodwork in a big way if the rising prices continue. I think sellers may take a second attempt at $50 as the time now to sell and not wait for possibly higher. If I am wrong, that is OK though
Re: A couple observations on silver,gold,platinum
Posted:
Fri Aug 19, 2011 9:45 pm
by Mossy
Some platinum jewelry around, but, I agree that it should lag gold if gold takes off. It's a puzzle, alright.
Re: A couple observations on silver,gold,platinum
Posted:
Fri Aug 19, 2011 9:57 pm
by blackrabbit
I see platinum as a wealth preserver and because of its history and because it is much rarer than gold it should keep being valued over gold. ( In my humble opinion) I think it is a good bet at this time to buy platinum. I'd trade gold for platinum spot for spot at current prices.
I also think silver will run at 50 again very soon, might just break that fence too.
Re: A couple observations on silver,gold,platinum
Posted:
Sat Aug 20, 2011 1:29 pm
by dan53
Platinum is used extensively in industial applications. It has catalytic properties. Its used in catalytic converters on automobiles.
Re: A couple observations on silver,gold,platinum
Posted:
Sat Aug 20, 2011 2:03 pm
by Copper Catcher
Platinum is very under priced in my opinion. I started buying platinum back when I was $800 an ounce.
This sites are really good to help you learn more.
http://www.platinum.matthey.com/industry-links/http://www.ipa-news.com/en/