I think gold will do better over the next few years. Wouldn't be too surprising to see Platinum pass gold for a short period of time though as its only 2.5% behind gold currently.
I would say what are your expectations sir? Do you expect the world to settle down financialy and the economy to improve? Then I would expect PT to surpass gold, (where it should be probably due to rarity). If you expect economic unease to continue, I would think gold would still outpace Pt. Personally I just wish the surcharges on Pt coins were more reasonable. Except for PM purchases for fun, (junk silver world coins), I am personally switching over to gold myself, (or Pt). I am tired of the weight of silver.
I agree medoraman. If we see economic calamity and/or a currency crisis then gold will almost certainly outpace platinum. If we see economic recovery then platinum is more likely to outpace gold.
I have been putting my silver into gold for a while now, I think all this trillion dollar platinum coin talk is pushing PT up for the short run, as there is no economic turn around. personally if I had any PT right now I think its time trade it for gold.
Stock market is up, which tends to indicate good economy. (not really in my opinion, but that is common perception) It'd be hard for me to believe anyone is buying platinum because of a rumoured trillion dollar platinum coin that would almost certainly only be 1 oz of platinum. Clearly an inconsequential amount in the platinum market.
I'm talking about how they said they might pay off the dept with platinum. and the average guy probly thinks its gonna be a trillion dollars worth of platinum. and talking about QE ending this year, which its not gonna happen.
I don't think the average guy who erroneously thinks they are going to pay off a trillion dollars worth of debt with platinum bullion is spending money on platinum. Which would take about 625 million of the 987 million ounces of worldwide reserves according to USdebtclock.org http://www.usdebtclock.org/gold-precious-metals.html
Markets are "usually" precursers to an upward movement. They usually go up 6-9 months before a recovery. Not that they cannot be wrong, but that is the timeframe historically they have moved. Today, make me choose, I would choose PT over gold. I think it has slightly better possibilities at this price relationship. However, it is not just me choosing, and I think my wife has had her eyes on some gold bracelets and chains, so Chris might be buying gold first.
In the last 3 years, Gold has risen +46%; Platinum is essentially FLAT, 0%. In the last 2 years, Gold has risen +17%; Platinum has fallen -9%. If you think Gold might be overvalued, might decline - it follows that Platinum might be a better bet. But speaking of PGMs, Rhodium is as cheap against Gold as ever -- in the absolute historic LOW range -- Au/Rh Ratio: 0.63 ... Rh is ~150x rarer than Gold and nowhere stockpiled. There's only one Rhodium ETF, yet: http://www.bloomberg.com/quote/XFRD:GR . http://www.kitco.com/charts/popup/rh1825lnb.html http://www.bloomberg.com/quote/JMATRHOD:IND Ingots by Baird Mint from various vendors worldwide: http://www.goldeneaglecoin.com/other_metals/item/Rhodium_Bars:_Baird_Mint_One_Ounce_Rhodium_Bar
I agree as well with the exception that if any sort of crisis impacts the platinum supply chain in Africa then the price could really get moving on the rare metal. I prefer gold for stability over platinum. For more risk vs. reward I like silver better than platinum. Platinum could be a good play but it's just too iffy for my tastes.
I don’t see any reason why platinum shouldn’t be ahead of gold. It makes nicer, shinier jewelry, it actually has industrial uses, and it’s far more rare.
gold make better jewelry in my mind, cus platinum looks cheap like silver. and gold has industrial uses, way more then platinum due to the fact that any platinum group metal can be substituted, even tho its more rare, when you put the whole PT group together its not as rare as gold.
They're called PGMs (Platinum Group Metals.) And the 'aggregate' rarity is a moot point: Platinum is much less common than Gold, in minable sources. Rhodium is even rarer, a superior catalyst, but there's not yet any investment demand. And that's why it's cheaper now (historically: as cheap as it's ever been in relation to Gold.) BUY LOW. There are enormous stockpiles of Gold (consider that 8,133 metric tonne in US Reserves) but for none of the PGMs. The Pt mkt is currently glutted with a surplus 140 metric tonnes, and according to this report, the surplus may dampen price for ~2 more years. http://www.miningmx.com/news/platinum_group_metals/Platinum-stockpile-halts-price-gains.htm
Platinum is only up 5% this week. More on the Pt theme: http://blogs.wsj.com/source/2013/01/11/platinum-glistens-like-gold/
