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Will Platinum Be Cheaper Than Gold?

RichRRichR Posts: 3,858 ✭✭✭✭✭
in Precious Metals
With gold at approx. $900 and platinum at $1000...the question is if the white metal will soon be cheaper than gold? Or will the price of gold serve as a "floor" for platinum?

Platinum has been cheaper than gold before, but that's a rather unusual situation...despite being an industrial metal, platinum is also highly valued for jewelry...and is also quite a bit more scarce than gold.

So my question is this...will platinum's decline stop...or will gold continue to rise past it's white cousin?

Thoughts? Opinions?

Comments

  • fcfc Posts: 12,793 ✭✭✭
    if new car sales continue to putter around and gold continues to be
    more resilent to commodity sell offs, i think it has a very good chance
    to happen around the 850 mark.
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    ...will stupidity reign in government?

    Yes, and it would be a buy.

    Ren
  • storm888storm888 Posts: 11,701 ✭✭✭
    The car guys now have at least an extra $25B that is designated largely
    for "retooling."

    At some point platinum will get hot.

    I want some, but I am thinking patience.

    Folks Who Bite Get Bitten. Folks Who Don't Bite Get Eaten.
  • jmski52jmski52 Posts: 22,795 ✭✭✭✭✭
    It's hard to know when platinum's imaginary price will decline lower than gold's imaginary price. If I could find APEs at a normal markup, I'd be buying them now.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    looking at the kitco chart, Plat is in the 900s today!! Its easy to see gold getting back up to the 900s and matching up with Plat!!!
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  • FullStrikeFullStrike Posts: 4,353 ✭✭✭




    << <i> Will Platinum Be Cheaper Than Gold? >>




    At this point I'm wondering if Platinum can stay above the price of Silver.

    image








    << <i>The car guys now have at least an extra $25B that is designated largely for "retooling."
    >>



    Now THAT is really funny. Can't say anything, don't need to be lookin over my shoulder. image



  • OverdateOverdate Posts: 7,007 ✭✭✭✭✭
    Platinum may now be selling at less than the cost of production.

    Link

    My Adolph A. Weinman signature :)

  • ProofCollectionProofCollection Posts: 6,050 ✭✭✭✭✭
    FWIW, many producers claim that gold is unprofitable at these levels as well.

    You can't have a commodity at these prices very long if it costs more than current spot price to produce them.
  • DeadhorseDeadhorse Posts: 3,720 ✭


    << <i>FWIW, many producers claim that gold is unprofitable at these levels as well.

    You can't have a commodity at these prices very long if it costs more than current spot price to produce them. >>




    Silver is also a loser at these levels.

    No surprise there is a shortage in precious metals.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • OPAOPA Posts: 17,118 ✭✭✭✭✭


    << <i>looking at the kitco chart, Plat is in the 900s today!! Its easy to see gold getting back up to the 900s and matching up with Plat!!! >>



    It's only a $20 difference now, but not on the upswing.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • jmski52jmski52 Posts: 22,795 ✭✭✭✭✭
    At this point I'm wondering if Platinum can stay above the price of Silver.

    I'm going out on a limb here - yes, it can?
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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