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A couple observations on silver,gold,platinum

This forum is for discussing hunting and collecting US and Canadian circulation Silver Bullion Coins, other types of minted bullion, and other types of precious and base metal investments other than Bullion Pennies and Nickels.

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A couple observations on silver,gold,platinum

Postby JerrySpringer » Fri Aug 19, 2011 8:25 pm

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 ;)
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Re: A couple observations on silver,gold,platinum

Postby Mossy » Fri Aug 19, 2011 9:45 pm

Some platinum jewelry around, but, I agree that it should lag gold if gold takes off. It's a puzzle, alright.
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Re: A couple observations on silver,gold,platinum

Postby blackrabbit » Fri Aug 19, 2011 9:57 pm

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.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered....The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
-Thomas Jefferson
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Re: A couple observations on silver,gold,platinum

Postby dan53 » Sat Aug 20, 2011 1:29 pm

Platinum is used extensively in industial applications. It has catalytic properties. Its used in catalytic converters on automobiles.
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Re: A couple observations on silver,gold,platinum

Postby Copper Catcher » Sat Aug 20, 2011 2:03 pm

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/
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