Is now a good time to buy? It doesn't seem to be keeping pace with gold. I know that there is the industrial side to this metal but is it undervalued?
Do some research on Kitco Platinum Historic Charts... it's been way up. If the auto industry recovers with the economy the industrial demand may return for platinum, there's probably a surplus of it right now.
The problem is it is hard to find platinum coins at bullion prices. It's as if the paper price and the physical price have decoupled, because I have made several attempts locally to purchase Platinum American Eagles for somewhere near the listed bullion price (which they were happy to do when the bullion price was $1700+), and I have been rebuffed.
Not to be un-American but I bought some Maples when prices were lower. I could not get any Eagles and I guess it's because they aren't being made.
I don't see what nationality has to do with it, besides Canada and the US are merely two parts of the Americas.
It was lower about a month ago and it's trending up. http://www.kitco.com/charts/historicalplatinum.html
Platinum and palladium had been way over priced for months. With gold moving up, platinum may well remain in its current range, not rising to nor above $1,700 again soon. Platinum may even correct lower that the current spot price if gold continues to climb this year as many speculate that it will.
