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Gold vs Platinum
MsMorrisine
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Will platinum have a comeback to beat gold in percentage-wise price appreciation?
Let's say the timeframe is 1 year.
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Sure. Why not.
I kind of doubt it, it's been staying down lately, Palladium however, possibly...
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Doesn't look good !!!
A year - probably not. 5-years, yes. I really don't get Pd. No weight or color like Pt or Ag.
It might be that the major industrial buyers consider US & Canadian palladium to be more reliably-obtained than Russian or S. African platinum, so they made the switch and demand in mostly the same applications has had its way with both metals.
Which is something that defies analysis, since platinum is a better material for its uses and is now even cheaper. It may be that it's cost factor in the scheme of things isn't as critical to the major users as its reliable supply.
That's all I can come up with. The fact remains that platinum is getting harder to mine, at least in S. Africa. I don't know how stable or easily-mined the US & Canadian palladium sources might be, but it's worth doing a bit of research.
It also might be interesting to compare the historical changes in the Gold/Silver ratio to the historic changes in the Gold/Platinum ratio and see if there's much difference in the relative changes in the magnitude of the ratios at gold's market peaks and valleys, and now. I might do a little of that today if my workload isn't too heavy.
I knew it would happen.
the only way is if
gold craters
long term Pt Au ratio
It takes 100 Tons of hard nickel ore to squeeze out 1 ounce of Pt. Amazing it is a cheap as it is!
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Looks like Pt may be a good buy for the long term.
This is a pretty good deal.
https://ebay.com/itm/2018-1-Oz-50-Platinum-Canadian-Maple-Leaf-Coin-9995-Gem-Uncirculated-BU/292555345111?hash=item441da84cd7:g:TZEAAOSwcs9a8c4v
As always, it comes down to supply and demand. As rare as it is, the supply is enough to meet current industrial and jewelry needs. In the future, less and less platinum will be needed for catalytic converters as more and more people decide to buy electric cars which appears to be the wave of the future.
Worry is the interest you pay on a debt you may not owe.
supply - demand
electric cars are a far ways out from replacing combustion engines. my hybrid still has emissions.
so, how much demand was taken by electrics and hybrids over the last few years?
low can get lower.
what would be a catalytic mover for platinum in the next year, if any exists?
Platinum up about 17 bucks now
Gold @ $1,228 and platinum @ $842. Wow, I remember the days when platinum was way over the price of gold. If there was ever such a thing as a counterintuitive "buy" right now, it would be platinum.
I did buy some platinum not too long ago, but I must admit that making another counterintuitive buy is a difficult decision. I guess that's why it's counterintuitive.
I knew it would happen.
Buying PM's is always a gamble. Sometimes you win...sometimes you loose.
Some have used that argument for stocks.
Knowledge is the enemy of fear
No IMHO. Gold has much more volume and I don't think the space force will have come online enough to see a spike in the demand.
Best place to buy !
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I've picked up a fair amount of platinum over the last year or two because the price is so much less than gold.
many happy returns.
what impetus will give you those returns?