Gold vs: Platinum

now that the gold is more expensive than the platinum. in the future, the mint should sell the price of platinum and gold equally. what you think?. will the price of platinum down to $600.00?. what is your opinion?.

 

Log in or Sign up to hide this ad.

the highest gap between the gold and platinum is $4.70. the gold is trading at $810.70 and platinum is at $806.00.

 

Who knows? I think the prices will remain volatile until the worldwide economic turmoil settles down.

 

Platinum is really a crap shoot right now. For it to take a fall soooo far tells me something about how much it is needed.

 

If my understanding is correct, platinum is still thought to be about 30 times rarer than gold, so I think platinum is still a good bet. And yes, if the metals are near the same price, the mint should be selling the coins for roughly the same price.

 

Are they still using plat in cars?

 

Good question Elaine and I'll counter with one for everyone.

OTHER THAN ON PAPER can anyone find gold or platinum at a cost even REMOTELY close to spot for the physical product?

Silver is STARTING to settle down but still it's hard to find physical near spot. Gold is still commanding a nice premium over spot. Much more so than it has been.

Platinum? Forget it. We have platinum coins at work. They don't sell. I Guess that maybe the $1200/ounce premium has something to do with it. In other words those that have (including my boss) $1900 or so invested in an ounce of platinum are not that interested in selling it at a huge loss.
Neither are the non dealers that have it. Platinum has a price, it's low and I don't see any moving.

NOW, IF you can get it near spot it could be a good move. Could be a bad move. Who really knows?

I think the three metals will "balance out" and recover personally but it's just from what we see at work and a bit of "gut feeling". I have tossed zero dollars into gold or platinum. For that matter have never owned platinum. Probably never will.

What little I have as disposable income will go in the order of silver, gold, platinum. If one has the money then spreading it out is viable. Easiest to move right now without totally losing your butt though is silver and gold IMHO.

Interesting times we're living in aren't they?

 

I was waiting for this thread.

For me, I'm still buying platinum. Love how cheap it is. Won't be that way for long, I'm betting.

No offense, I find the whole thought of trying to predict lows and highs and market timing to be ridiculous -- they are complete folly. Short term speculation is generally a losing proposition over time for this very reason. However, buying low and selling high and dollar cost averaging are proven methods to make money in virtually any asset, and precious metals (in my experience) is no diffrerent.

Respectfully....Mike

 

Sure, do it all the time. Sometimes it takes a little while to be delivered, but AMPEX has always come through for me.

http://www.apmex.com/

I'd also recommend Silvertowne -- you can find them at most big shows.

 

the platinum was recovered to overtake gold $823.00 vs: $822.00. $1.00 ahead for the platinum. but during the day. the gold was higher than platinum $18.30 at one time. the price is $825.30 for gold and $807.00 for platinum. the platinum hit a low at $797.00.

 

Considering that platinum has a real, practical use whereas gold's use is mostly decorative, it seems that platinum is the better buy, given that the prices are nearly the same.

Platinum is used in the automotive industry for catalytic converters. Each converter contains 3 or more grams of platinum. Automotive sales in the US in recent years have been around 16,000,000 for all makes. Sixteen million catalytic converters containing 3 grams of platinum makes 48,000,000 grams of platinum used per year; that's over 1.5 million ounces.

You're far more likely to find a market for your platinum than your gold.

 

And with car sales down 30-40%, that's an awful lot less Platinum being used, plus the recycling of Cats is becoming quite commonplace.

 

before platinum is usually lower than gold. just like palladium. it was only last few years that platinum is overtake and lead over gold.

 

the mint should stop selling all remainding 2008 american eagle gold and silver series. both proof and uncirculated. and start 2009 american eagle gold, platinum and silver series.

 

I'd buy platinum now that it is equal to gold but this economic downturn has decimated my retirement accounts and is causing me to put off retiring for at least 6-10 years. Bummer.

Bruce

 

Has anyone seen the NY. Giants Superbowl ring? I think it is platinum and boy is it heavy. Looks like white gold. Had one on my finger for one minuet. Many diamonds. $31,00O i BELEIVE. I had to give it back.--zg

 

who is ahead?. gold or platinum. gold was able to lead platinum for the second time.

 

gold and platinum, silver, stocks all up sharply. check it out.

 

gold - 870.80

platinum - 873.00

silver - 11.43

 

gold up again at $875.80 per ounce. platinum also move up at $878.00. while silver inch a little bit at $11.35.

i see gold to pass $900.00 during x'mas session.