looks like gold and plat will cross paths soon? explain.....

coinman420

...why gold is more desirable and preferred keeping in mind plat is 30X more rare???

coinman420

i was just noticing the less than $100 difference per oz price but i guess this forum is dead

cladking

Platinum is an industrial metal.

The markets are expecting weak industry.

One suspects it is becoming quite undervalued. We aren't going back
to the horse and buggy.

Gold is a haven in economic uncertainty and mant feel uncertain.

cinman14

Gold is the universal money.... It will always hold value.

Platinum is metal used in industry. The country is falling into a deep recession. Therefore demand for
Platinum will fall as production of vehicles, electronics, and we can't forget it is also
used as a refining catalyst in the petroleum industry, continue to decline

All of these industries are having double digit drops in demand...

Platinum is not considered to have universal monetary value world wide. That being said,
if it continues to drop I will BUY into the platinum position...

cinman14

<< <i>Platinum is an industrial metal.

The markets are expecting weak industry.

One suspects it is becoming quite undervalued. We aren't going back
to the horse and buggy.

Gold is a haven in economic uncertainty and mant feel uncertain. >>



Yea what he said.... I type too slooooow

MoneyLA

for the same reason that platinum is lagging gold, silver is lagging gold.

both plat and silver are more industrial metals and lack the emotional draw that gold has.

we all can rationalize that plat and silver should be much higher, but this is not a rational marketplace... this is an emotional marketplace.

Bullish

Everybody loves GOLD!

fc

<< <i>for the same reason that platinum is lagging gold, silver is lagging gold.

both plat and silver are more industrial metals and lack the emotional draw that gold has.

we all can rationalize that plat and silver should be much higher, but this is not a rational marketplace... this is an emotional marketplace. >>



actually silver is not lagging gold when you think about it.
what was the bottom for silver.. oh 4 bucks or so?
what was the bottom for gold.. oh 350 or so?

well 4 x 3 is 12 an ounce.
well 350 x 3 is 1050 an ounce.

seems to me on these rough calculations that gold is lagging silver.

gecko109

<< <i>

<< <i>for the same reason that platinum is lagging gold, silver is lagging gold.

both plat and silver are more industrial metals and lack the emotional draw that gold has.

we all can rationalize that plat and silver should be much higher, but this is not a rational marketplace... this is an emotional marketplace. >>



actually silver is not lagging gold when you think about it.
what was the bottom for silver.. oh 4 bucks or so?
what was the bottom for gold.. oh 350 or so?

well 4 x 3 is 12 an ounce.
well 350 x 3 is 1050 an ounce.

seems to me on these rough calculations that gold is lagging silver. >>




Gold had a bottom of about $256 in 2001 if I recall correctly.

roadrunner

The gold to silver ratio has been as high as 75-80 recently. That's the highest it's been for many years, possibly for many decades. That tells me silver is lagging. Even during the March highs of both metals the ratio was just over 50. The lowest the ratio recently reached was in the lower 40's. Of course, this a pure paper ratio of future's contracts.

roadrunner

RWB

Platinum (and other platinum group metals) is an important catalyst particularly in reactions involving hydrogen. Your car’s catalytic converter is a good example. A combination of improved technology and reduced demand, plus increased production in Russia and South Africa has resulted in lower platinum market value. Gold has important but much smaller industrial uses and is easier to mine than platinum. Its market price has a much greater emotional component that other industrial metals.

A simple factor is that gold looks like "gold." However, platinum looks like "silver" to most people.