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<p>[QUOTE="TDRismyname, post: 988900, member: 26939"]Gold is a LONG term investment. If you want to wait 10-30 years for your money that's coo, I prefer to wait less than 10 years. Pt. is like palladium but slower, which gives you volatility but an amount of stability so you can sell when it peaks... palladium will peak in a day and leave you wishing you sold but you didn't have time, unless you were trading and not actually selling the real deal. Platinum gives you enough time to read the peak and make money MUCH faster than gold. If I were investing in gold in 1932 then ya gold beats platinum but guess what it's 2010 and gold is due to go back to what it's really worth... roughly 1/3 to 1/2 of Platinum. Consider what the US Mint thought gold was worth in relation to platinum? 1oz of gold in coin form is $50, 1oz of Platinum is $100. These are not the REAL prices, the US Mint could have just as easily made platinum worth 75 or even 50, it wouldn't make any difference, but they do reflect what the US govt considers gold worth, half that of platinum... which would make 1oz worth 2500, a price I don't see as even close to the maximum platinum will reach in the next decade.</p><p><br /></p><p>Basically, yeah gold beats platinum long term, but if you want to double your money in 5 years gold will not do it. If you hit Platinum at the right time you can triple your money in a year or two, that's my "HOPE"... prob won't happen but I do hope it does. I have investments in gold, but they are both substantial and difficult to turn into cash without paying a ton of taxes, until they pay off their import tax in appreciation (another 20 years min) I won't be selling them. I have some small gold bullion (1/2oz rounds and such) but I like the look of gold a lot better than Platinum. IDK why people buy "white gold"... why not just buy palladium or rhodium flashed silver? Anyway I digresss, if you have a prob with my opinions the market will prove you correct or not. I am not nostradamus but I have been watching Platinum for years and I think it's a better short term (less than 10 years) buy than gold. Unless you want jewelry... I think platinum is a waste in jewelry considering rhodium flashed silver looks better and costs 1/100th the price. Plus gold actually brings out certain tones in Ruby and Emerald, both of which are just reflected in platinum, and not as well as flashed silver.[/QUOTE]</p><p><br /></p>
[QUOTE="TDRismyname, post: 988900, member: 26939"]Gold is a LONG term investment. If you want to wait 10-30 years for your money that's coo, I prefer to wait less than 10 years. Pt. is like palladium but slower, which gives you volatility but an amount of stability so you can sell when it peaks... palladium will peak in a day and leave you wishing you sold but you didn't have time, unless you were trading and not actually selling the real deal. Platinum gives you enough time to read the peak and make money MUCH faster than gold. If I were investing in gold in 1932 then ya gold beats platinum but guess what it's 2010 and gold is due to go back to what it's really worth... roughly 1/3 to 1/2 of Platinum. Consider what the US Mint thought gold was worth in relation to platinum? 1oz of gold in coin form is $50, 1oz of Platinum is $100. These are not the REAL prices, the US Mint could have just as easily made platinum worth 75 or even 50, it wouldn't make any difference, but they do reflect what the US govt considers gold worth, half that of platinum... which would make 1oz worth 2500, a price I don't see as even close to the maximum platinum will reach in the next decade. Basically, yeah gold beats platinum long term, but if you want to double your money in 5 years gold will not do it. If you hit Platinum at the right time you can triple your money in a year or two, that's my "HOPE"... prob won't happen but I do hope it does. I have investments in gold, but they are both substantial and difficult to turn into cash without paying a ton of taxes, until they pay off their import tax in appreciation (another 20 years min) I won't be selling them. I have some small gold bullion (1/2oz rounds and such) but I like the look of gold a lot better than Platinum. IDK why people buy "white gold"... why not just buy palladium or rhodium flashed silver? Anyway I digresss, if you have a prob with my opinions the market will prove you correct or not. I am not nostradamus but I have been watching Platinum for years and I think it's a better short term (less than 10 years) buy than gold. Unless you want jewelry... I think platinum is a waste in jewelry considering rhodium flashed silver looks better and costs 1/100th the price. Plus gold actually brings out certain tones in Ruby and Emerald, both of which are just reflected in platinum, and not as well as flashed silver.[/QUOTE]
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