Has now widened to $65. Is it time to trade the rest of my gold for platinum bars? I've given up on platinum eagles for now. They are nowhere to be found under 15% markup.
The thing that worries me about platinum is how so much of it has switched over to palladium. That, and what is the main use for platinum? Catalytic converters. What is the largest trend in the automotive industry now? Electric cars. I love platinum too. Its much rarer and heavier than gold. However, gold is "gold", and will always have a huge demand just based upon what it is, whereas platinum is mainly an industrial metal, so its subject to its industrial applications going away destroying demand. Something to think about.
Interesting Post 'medoraman'....not too long ago the spread was similar or even more pronounced, then closed to about the same values and now spreading apart again.... Hmmm, perhaps a diversified approach might be a way to invest...mostly gold with a bit of platinum ( Toooo costly for me...silvers my only option) and have the conservative values of gold and the seemingly speculative and volatile values of platinum....it works with mutual funds anyway LOL
By the way, Nappy is one of two gold coins I own...Love to own more, but I never seem to hit the lottery!!
Definitely something to consider. I wish the data on mining and usage was more readily available and reliable than it is now. I'm actually in near-balance between gold and platinum as it sits. Perhaps I can sit for a while and watch.
