Better to invest in gold or platinum?

If you were looking to buy at current prices which would you choose?
Gold or Platinum?

 

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Depends on what you expect. Do you expect things to get better? Go with Platinum. Worst? Gold is more of a safe haven.

 

Invest in what you can afford 1st. Palladium is a good buy.

 

Gold.

 

Go for the gold. :smile TC

 

id say go with gold

 

This JamesAu poster is a spammer. Posted the exact same thing on multiple threads. So I maybe wouldn't buy bullion from a site that used advertising tactics like that.

 

I rather have silver

 

Palladium by a long shot.

 

Gold or Platinum?.......No brainer for me, gold hands down. I have two simple reasons for my opinion on this.

1) Platinum shot up when catalytic converters were made mandatory. As we speak there are people working on alternatives to them that do not contain platinum.

2) Gold is far more historic. I have said several times on this and other forums that I believe gold and silver are in Our dna. (so to speak) Gold is first mentioned in the book of Genesis (2:11-12) as "good".

Think of all the quests that have taken place in history regarding gold. Think of all the items, idols, and jewelry that was and is made of gold. Think of how some cultures that even today require gold for things like wedding ceremonies.

Sorry but I think platinum has far too much ground to make up for it to surpass the notoriety that gold has earned.

 

Walk into your local LCS with an ounce of Gold, Platinum and Palladium and guess which one he's willing to purchase at:
1) Spot
2) Below spot
3) Passes on

 

I believe Palladium and Platinum have a bright future as industrial metals for applications reaching beyond catalytic converters. There is a lot of research being done using these metals for catalysts, fuel cells, high temperature membranes for hydrogen separation, etc. If any of these applications are extended to a large scale their demand will drastically increase. Other metals such as gold and silver do not have the chemical properties and/or cannot withstand the temperatures required for some of these applications. I'm not going to speculate which of these is going to have the brightest future, I'm simply going to diversify between all four of the precious metals and enjoy the ride.

 

Is that the goal? Best market price paid by a non-specialist? Or is the goal best price appreciation over time assuming you will find the best buyer when the time comes to sell?

 

I would go with a recognized gold coin because it will be easier to resell close to spot under a wide variety of economic and social conditions that can't be predicted ahead of time.

 

gold. platinum and palladium are pretty illiquid. There's tons of demand by investors for gold. You can sell gold at or above spot all day. Platinum and palladium takes a bit longer unless you're willing to sell at a discount. Those metals aren't immune to the price swings either.

If you're looking to diversify some of your metal holdings, maybe 5% or something, why not? But if you can buy 2 ounces, and one of them is palladium, i dont think that's a great idea unless you can sit on it for the long term. Palladium at $400 or below is a good buy. $600? Not really.

 

So a company like Provident would not offer spot or greater if I had 5 ounces of platinum for sale? Just sounds unusual, since the premiums for platinum seem larger than for gold.

I guess I am just of the opinion I wish to buy the PM with the largest price appreciation long term. I am not buying PM for a doomsday scenario, but for diversification of a portfolio.

 

^
Guess I should clarify. Platinum isn't nearly as bad as palladium in terms for sale.

For platinum/palladium bullion bars, you'd probably net behind spot. Big dealers usually are at a discount for those, especially the large ones. If you're talking PAEs, you'd probably get somewhat of a premium on sale, but you'd be buying at a much larger premium. Because gold and silver are more liquid, the spread is a lot tighter. Platinum and palladium tend to sit, therefore dealers demand a higher price on sale over spot and pay less when they buy.

Best pricing on those products may be from ebay, assuming you can make enough to cover their 12% fee to wind up with spot.

Don't get me wrong, there is nothing wrong with holding some of your metals (or all of them) for that matter in platinum or palladium. And I do own some of each. It's all a matter of opinion.

Palladium's been sitting at around $600 for a while now, but back when it was dipping below $300, it was a GREAT buy, and the price shot up incredibly fast from there. At $1400, platinum may currently be a great buy considering that it's normally above the price of gold. The fact that gold is, and has been above platinum for a while speaks to the interest in it given the world's current economic/debt problems. Plat & pall industrial demand is tied to automobile catalytic converter usage, and not so much as monetary demand as is gold and silver.

 

I don't really disagree then much with you sir. Palladium is higher right now due to circuit board demand, but I am nervous about that demand long term. I agree financial markets are affecting gold up and platinum down since platinum is an industrial metal. Basically, like I said earlier, if you believe things will get worst gold is the best bet, platinum if you believe they will get better.

I am currently looking at buying some platinum, as I am both an optimist and a huge believer in reversion to the mean. I very well could be wrong.

 

There isn't a single good answer to this. Whether to invest in gold or platinum is really dependent upon one's goals for making the investment. Gold and platinum are not equivalent investments and it will do one well to understand the difference.

 

if you are talking among us the collectors. investing gold is better than platinum. and silver is better than gold. because silver collectors hold the majority. gold follows. there are no such general circulation coins during gold and silver era or before 1964 that they use platinum as a coin. so if you talking collecting coins. why should i collect platinum or palladium?. another thing you can see is that bid and ask for gold. gap is only $1.00 or $2.00. while platinum gap is $10.00. that's mean very few people dealing platinum.