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Gold just passed platinum
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<p>[QUOTE="InfleXion, post: 1254733, member: 29012"]Gold was higher than platinum on at 3 other occasions I can recall during the volatility in the last month or so, as well as at least once in 2008. It just goes to show how much gold is in demand. Between all kinds of central banks buying this year at $1500+ prices, the continued surge in demand from China (who is telling all it's citizens to buy gold) and India, and the substantial monetary debasement going on in nations around the world this doesn't come as a big surprise. I am continuing to accumulate silver under the (historically justified in most cases) assumption that it will go where gold goes since it's a lot easier to pick up for cheap, and agree with Fatima that it's not too late to get on the train. A 45:1 Gold/Silver ratio is still high IMO, and I am waiting for it to drop a bit then plan to convert silver into gold.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1254733, member: 29012"]Gold was higher than platinum on at 3 other occasions I can recall during the volatility in the last month or so, as well as at least once in 2008. It just goes to show how much gold is in demand. Between all kinds of central banks buying this year at $1500+ prices, the continued surge in demand from China (who is telling all it's citizens to buy gold) and India, and the substantial monetary debasement going on in nations around the world this doesn't come as a big surprise. I am continuing to accumulate silver under the (historically justified in most cases) assumption that it will go where gold goes since it's a lot easier to pick up for cheap, and agree with Fatima that it's not too late to get on the train. A 45:1 Gold/Silver ratio is still high IMO, and I am waiting for it to drop a bit then plan to convert silver into gold.[/QUOTE]
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