Me thinks this move to the downside is getting way WAY overdone now!
Either that, or the auto industry is in for a world of hurt. Either way, platinum will remain a very useful material and it will remain difficult to obtain.
Q: Are You Printing Money? Bernanke: Not Literally
I haven't followed platinum, but I do know the 2001 "Secrets of the US mint" talks about the 1 ounce platinium coin being the most expensive coin being made by the mint at the time, at $700.00.
I also remember hearing about all the unrest and the platinum mines being off-line earlier this summer, probably causing a lot of the recent spike.
So which way will it go, back towards it's recent high, or continue downward towards gold?
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Either that, or the auto industry is in for a world of hurt. Either way, platinum will remain a very useful material and it will remain difficult to obtain.
I knew it would happen.
Exactly...and when plat jewelry becomes competitive in price with gold...you buy the plat!
I also remember hearing about all the unrest and the platinum mines being off-line earlier this summer, probably causing a lot of the recent spike.
So which way will it go, back towards it's recent high, or continue downward towards gold?