Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
All this talk about silver prices falling, but no mention of gold
>
Reply to Thread
Message:
<p>[QUOTE="-jeffB, post: 4283829, member: 27832"]If you want something that's going to <i>perform</i>, that is, <i>increase in value</i>, you generally don't start with something that's just had a record one-day increase in price. Start with something that's <i>beaten down</i>, and ripe for recovery.</p><p><br /></p><p>Platinum, for example, is still well below half the price of gold. How often has <i>that</i> happened in the past 100 years? <b>Never before</b>.</p><p><br /></p><p>Why is it so low? Because it's most heavily used in industry, and while it was much <i>more</i> expensive than gold, lots of applications switched to a less costly metal -- palladium. Now that palladium has skyrocketed, industrial users are looking at moving back to platinum, but industry in general is going into a bit of a slump during the Late Unpleasantness. So, platinum is the cheapest it's been in about 15 years.</p><p><br /></p><p>A global recession or depression might drive it lower still, <i>but not forever</i>. The same forces might drive gold higher still, <i>but not forever</i>.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 4283829, member: 27832"]If you want something that's going to [I]perform[/I], that is, [I]increase in value[/I], you generally don't start with something that's just had a record one-day increase in price. Start with something that's [I]beaten down[/I], and ripe for recovery. Platinum, for example, is still well below half the price of gold. How often has [I]that[/I] happened in the past 100 years? [B]Never before[/B]. Why is it so low? Because it's most heavily used in industry, and while it was much [I]more[/I] expensive than gold, lots of applications switched to a less costly metal -- palladium. Now that palladium has skyrocketed, industrial users are looking at moving back to platinum, but industry in general is going into a bit of a slump during the Late Unpleasantness. So, platinum is the cheapest it's been in about 15 years. A global recession or depression might drive it lower still, [I]but not forever[/I]. The same forces might drive gold higher still, [I]but not forever[/I].[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
All this talk about silver prices falling, but no mention of gold
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...