Time to sell some gold to buy platinum?

[Pennysaved]

Looking at the chart today, Gold is at $1896 while platinum is at $1880.

Do you think this will be a continuing trend with gold being worth more than platinum? I assume this is due to the concerns of a continued bad economy and the decreased use of Platinum in cars? Is it time to cash in some gold to buy platinum?

[slvrbck]

I say go for it, but good luck finding any of that stuff anywhere. I have been agressively buying any resonably priced PM's for several years now and have only managed to stumble across two 1/10oz PAE's. I really like them too.

[Know Common Cents]

It's all a matter of premium over spot for both. Could work out in your favor or against you, too. I know that some 1 oz AGEs are being retailed for $100 or more over spot. Would be interesting to have either to trade with the same dealer and them learn what the spread would be.

[VWBEAMER]

I just posted this in another thread...


If I was not buying silver, i would defiantly get Platinum over Gold, why would you buy Gold when platinum is not even close to it's historical high? It is a bargain right now.

Yes, gold may go up more, but it will drag platinum with it, and if gold falls, platinum will fall a lot less. Also consider that platinum is a LOT rarer than gold,( there is 15 X the amount of gold, compared to platinum) and as an industrial metal a lot has been consumed. Platinum is a great long term play IMHO.

Considering that their is 15X the amount of Gold in the earth than Platinum, and it's a lot like having Gold and Silver at the same price since they share the same ratio. Which would you buy if Gold and silver was the same price?

[Lemon Thrower]

i'm not buying any plat. i bought some pdm at the bottom in 2008 and traded it a year ago. if i was going to buy either, it'd be pdm because it can sub for plat in a lot of applications. but netiher pdm or plat are monetary metals the way gold and silver are, so they are far riskier. if you think new car production is likely to increase soon, its a good thing to buy. me, i think even the chinese are about to stop buying cars.

[VWBEAMER]

It's a long term buy. Kinda like buying Gold in 2005

[Mossy]

It's a long term buy. Kinda like buying Gold in 2005

That's the way I'm looking at it, too. But more like gold in '95.