Gold vs: Platinum

Discussion in 'Bullion Investing' started by elaine 1970, Dec 11, 2008.

  1. elaine 1970

    elaine 1970 material girl

    palladium up 60.7% year to date.
    silver up 55.1%
    platinum up 41.8%
    gold up 15.6%
     
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  3. Yankee

    Yankee Senior Member

    I just noticed that AMPEX is now sold out of 1 ounce pamp gold bars as well as the smaller gold eagles! I have never seen them run out of pamps before! sales must be brisk to say the least! "GREED"
     
  4. elaine 1970

    elaine 1970 material girl

    new york gold might open another $10.00 or more higher.
     
  5. Yankee

    Yankee Senior Member

    or $15.00 lower
     
  6. yakpoo

    yakpoo Member

    Judging by the technical charts on Kitco.com, my guess is that there is far more upside potential for plantinum than gold at the moment...especially as the auto industry recovers and Cap & Trade goes into effect.
     
  7. elaine 1970

    elaine 1970 material girl

    silver will be more faster to climb.
     
  8. Yankee

    Yankee Senior Member

    I hope so! I have 2 ounces of Platinum eagles I got for $1100. each I would like to sell at $1300. Then I could get some beer to celebrate $1300. a ounce gold!
     
  9. elaine 1970

    elaine 1970 material girl

    to yankee. remember the high for platinum is over $2,300.00.
     
  10. elaine 1970

    elaine 1970 material girl

    london spot price daily record closing:
    gold $1,011.25
    silver $20.92
    platinum $2,273.00
    palladium $582.00

    p.s. new york daily high is much higher than the above.
    like gold is as high as $1,033.90 and silver as high as $21.73.
     
  11. Yankee

    Yankee Senior Member

    That price is in the history books I am sure it will get up there again but not until the economy gets alot better it could take years!. I got just a small amount of Platinum just to get a small profit in order to buy beer to celebrate gold at $1300! My S.D.B. is plum full of gold coins and bars just waiting to sell at $1300! that's where my money is.
     
  12. elaine 1970

    elaine 1970 material girl

    alright. enjoy your beer. don't forget to invite me. good luck.
     
  13. Yankee

    Yankee Senior Member

    Even Palladium went up! $1.20
     
  14. krispy

    krispy krispy

    Indeed, so what say you?
     
  15. krispy

    krispy krispy

    I concur, good point.

    I feel i) silver then ii) platinum then iii) palladium in that order have great potential especially while everyone is focusing on what gold is doing for it's flirting the psychological barrier and living up to the rally and hype of the moment, this month, fear during recovery, current weak dollar, etc. I do think gold will continue to rise this year and next as well, but don't overlook the opportunities in the other PMs right now. Silver has loads of room for exponential like growth in value and it's still a decent price range to be buying it at, as it's been pointed out plenty of times in the threads. Platinum just hasn't moved as gold moved up on platinum so its not been too jumpy if that's your thing and palladium has already climbed so high this year I put it at the end of my list for potential yet it isn't as popular nor graced yet with famous coin designs for the US yet. But it could really boost if the Mint gets around to that UHR in palladium and starts to compete with palladium Maples, others. Just my thoughts as of today. :thumb:
     
  16. elaine 1970

    elaine 1970 material girl

    gold, platinum and silver down today. a good correction. i might buy some again. this time silver maybe.
     
  17. Yankee

    Yankee Senior Member

  18. yakpoo

    yakpoo Member

    Platinum getting a nice bump today...

    Bid: 1317.00 +32.00
    Ask: 1322.00 +2.49%
     
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