Underpriced?

Overdate

February 6, 2008

Gold $901
Silver $16.52
Palladium $419
Platinum $1813

April 8, 2011

Gold $1474, up 63%
Silver $40.75, up 146%
Palladium $795, up 90%
Platinum $1809, down 0.2%

If platinum had matched the 3-year appreciation of the other PM's, it would be trading between $3000 and $4000 now. Is it underpriced?

jmski52

Probably so. Things have a way of evening up. As I understand it, platinum is mined much the same way as gold, only it is even harder to get. There is 1/10th as much platinum as gold, and platinum gets used up; gold does not. We shall see.

ttown

Don't know but this is interesting:


Platinum supplies hit by Zimbabwe expropriation

DoubleEagle59

Yes,

That's why I think it's a great time to trade your silver for Platinum right now.

May pay off in multiples in the next couple of years.

cone10

<< <i>Yes,

That's why I think it's a great time to trade your silver for Platinum right now.

May pay off in multiples in the next couple of years. >>



Bingo

jmski52

Whoa! That could light a fire under platinum.

PerryHall

Platinum is an industrial metal and demand should escalate as the economy improves.

ProofCollection

Don't forget Palladium... It will do well too.

InYHWHWeTrust

<< <i>February 6, 2008

Gold $901
Silver $16.52
Palladium $419
Platinum $1813

April 8, 2011

Gold $1474, up 63%
Silver $40.75, up 146%
Palladium $795, up 90%
Platinum $1809, down 0.2%

If platinum had matched the 3-year appreciation of the other PM's, it would be trading between $3000 and $4000 now. Is it underpriced? >>





OR,

?could it have been overbought about that time frame, and priced just about right at the present time?

I don't own any platinum and have not followed it closely, but thought I remember it spiking up about the time I really got into the old ECON thread. Would have been good to have loaded up at 800 when it bottomed..., edited to say hindsight is 20/20.

roadrunner

Platinum is not a monetary metal....gold is. If the production of cars continues to escalate then platinum can do ok. But imo it will tend to piggy back on gold and stay just ahead of it.

Gold is more available and more tradeable. Central Banks vault it. That's why gold will probably do better. But on the good side plat's larger cup with handle formation is targeting the
$2000 region while gold is eyeing up to $1650. Over the next 2 months I think gold will outperform platinum. And yes, it's still underpriced. The previous 2008 high is still up there
at $2300+. While gold has taken out its 2008 by a wide margin, the 3 yr platinum chart looks more like the S&P 500 (while the Russell and Nasdaq have been supercharged).

roadrunner