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<p>[QUOTE="medoraman, post: 975393, member: 26302"]Ok, I just thought 90% was high. I am not disagreeing with you, I like platinum for an investment. To me the major thing gold has going for it is fast growing economies covet it as a store of wealth over almost everything else. I know, my wife is Thai and to them only gold is real wealth. BTW all gold jewelry in Asia is 24K. US gold is seen as cheap and impure there, you couldn't give it away. Platinum is not good for jewelry really, since its heavy but scratches very easily. I would prefer silver myself.</p><p><br /></p><p>An upper limit to platinum would be its price. At certain price points other metals, like palladium, are substitutes. Since this metal is used heavily for manufacturing, you need to be aware of that limit that is not in place for gold, since as you point out most demand is not industrial.</p><p><br /></p><p>Just playing devils advocate.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 975393, member: 26302"]Ok, I just thought 90% was high. I am not disagreeing with you, I like platinum for an investment. To me the major thing gold has going for it is fast growing economies covet it as a store of wealth over almost everything else. I know, my wife is Thai and to them only gold is real wealth. BTW all gold jewelry in Asia is 24K. US gold is seen as cheap and impure there, you couldn't give it away. Platinum is not good for jewelry really, since its heavy but scratches very easily. I would prefer silver myself. An upper limit to platinum would be its price. At certain price points other metals, like palladium, are substitutes. Since this metal is used heavily for manufacturing, you need to be aware of that limit that is not in place for gold, since as you point out most demand is not industrial. Just playing devils advocate.[/QUOTE]
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