Gold vs: Platinum

Since the end of the gold standard, and especially since 1974 the ratio has steadily increased. The old standard of 16:1 has been cited by silver aficionados as where silver should be, but the ratio never goes down since some 30 plus years ago.

 

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Also keep in mind silver is more affordable for the "masses" as Pm's become more & more popular as a store of wealth/investment the masses will buy! Also the leading sectors in this "bear rally" in the markets were lead by commodities & emerging markets!!!!!!

Emerging markets are big into Pm's!!!!!

Silver is looking good IMO

 

platinum is now worth over $200.00 against the gold. but gold is much more popular.

 

Platinum keeps inching higher Elaine, it is hard to find platinum coins and none for sale from the US Mint.

 

G-20 support international monetary fund (IMF) to sell 403 ton or 12,896,000 ounces of gold or $11.7 billion dollars to help the poor. that's a lot. no wonder the gold market down $20.00 more or less today.

 

the gap between gold and platinum is now $255.40 an ounce.

 

oh my God. the gap between gold and platinum is $323.70. i should have buy some platinum.

 

At about 2:30 AM east coast time the differential btwn gold and platinum has grown to about $350 an ounce.

I'm amazed as well. I've always been bullish about platinum---- but with a three to five year window--- it's performance over the last month or two just really surprises me.

With GM and Chrysler in the toilet and facing bankruptcy or even extinction and with the whole auto industry about 40 percent off in volume.... I didn't think that short term (i.e., right now) that platinum could experience such a meteoric rise in value.

Which leads me to think that with gold being relatively flat that platinum is being fueled by stock market dollars looking for a short term safe parking spot.

Time will tell... and yes... I'm kicking myself for not buying at the thousand mark....

 

Isn't hindsight just great. ARRrrrg. It always reminds us what we should have done.:crying::hammer:

 

It was pretty much impossible to got it at $1000 when it was $1000 anyway. I knew it was going back up and looked everywhere to get some. Never bought any because the cheapest it could be found was $1300-$1400 even when it was $1000 spot. Its like when silver was $8.75 spot and everyone was paying $13 minimum for physical silver.

 

can you believe that platinum price is over gold at a big margin.

 

the price of platinum will back down from $1,175.00 per ounce to the 2009 average price. which is $996.00 per ounce. the gold is already stabilized at its own 2009 average price. which is $881.00 per ounce. the average price gap between gold and platinum is $115.00 per ounce.

 

see gold stay at $900.00 to $950.00 by next week. thus the mint will up its gold prices again.

 

gold now traded above $900.00. see price changes from the mint soon.

 

china now have 1,054 tonnes. up 75% from its holdings of 600 tonnes since 2003. and will continue to buy gold as needed. china plan to have 5,000 tonnes in the near future. i see gold will go up to at least $2,000.00 this year end. with that 1,054 tonnes. china now ranked fifth in the world. among others were the u.s.a., switzerlands, japan, netherlands, germany, france & italy.

 

from jan 1, 2009 to present:
silver bid 13.75 ask 13.79 up 27.8%
platinum bid 1,135.00 ask 1,145.00 up 27.5%
palladium bid 226.00 ask 231.00 up 26.2%
gold bid 909.10 ask 910.10 up 4.64%

comment: gold up only 4.64% against three others.

 

today's high:
gold - $923.90
silver - $14.34
platinum - $1,143.00
palladium - $242.00

 

the platinum is over value by $75.00 against the gold.

 

gold projected to hit $1,400.00 by year end. dollar will fall again.

 

gold should go up to $950.00 against platinum at $1,050.00 per ounce. that will be a fair value for both. if gold go down to $900.00. then the platinum should be around $1,000.00.