With gold at ~$1650, does it seem like silver and platinum should be higher than they are?

Baley

is gold [relatively] overpriced? are silver and platinum undervalued? or is this "the new normal"? what do you think?

AuAgPt

<< <i>is gold [relatively] overpriced? are silver and platinum undervalued? or is this "the new normal"? what do you think? >>



I sort of think so. I think there will be some Ag and Pt catch up within the next 6-12 months if things continue as they do. Just think, Au is almost where Pt is! Used to be a good spread between the two a few years ago.

--aap

gsa1fan

Gold is $$ = nuff said

OnlyGoldIsMoney

<< <i>Gold is $$ = nuff said








>>




Short, sweet and accurate. Stack on.

Pokermandude

Hard to say. Platinum is very much an industrial metal, largely dependant on auto sales. The world wide recession has hit demand on that sector pretty hard, as fewer people are able to buy new cars. It is quite a rare element though, which is what's keeping it at still a pretty decent price.

Some of the first bullion pieces I ever purchased were a couple 1/10th oz Platinum Maples. I was flipping through my Canadian coins book and noticed that silver and gold maples were still being minted in large/ever increasing quantities, while platinum bullion maple production totally ceased in 1999. I figured it must be due to it's rarity, so I bought some. I suspect it's a combination of rarity but also lack of demand for platinum maples as investment coins (as compared to silver/gold).

Silver is also largely an industrial metal (when it comes to demand) these days. I'm not a subscriber to the "silver used to trade 13:1, 15:1, etc against gold, so with $1650 gold we should have $100+ silver!" argument, but I think silver is indeed lagging a bit behind gold and will catch up a bit by the end of the year, $50/oz or so.

derryb

The panic to metal by new investors sends most of them to gold. In that regard the demand ratios among the metals are off skew. They will find balance, everthing does.

Justacommeman

<With gold at ~$1650, does it seem like silver and platinum should be higher than they are>

Nope, just the opposite in my opinion.

Platinum is dependent on a stronger economy. Silver less so but still has an attachment to industrial growth.

Gold is the canary in the coal mine for sniffing out trouble.

All three of these PM's represent different asset profiles in my opinion right or wrong. MJ

57loaded

gold will always be gold

i think a lot of plain folk shot their wads with silver earlier this year and either cashed it or bought it.

cohodk

Gold is the only PM that really matters. The other markets are too thin or cumbersome for "real money" to play in.

jmski52

Yes, silver and platinum will have their day, but not today.

No, gold is doing exactly what it has always done and exactly what it should do, as a financial instrument.

Yes, silver and platinum are undervalued but not terribly so.

Yes, the new normal involves stock & bond market un-ease, with precious metals as the beneficiaries.

I think that the bond market is the market to watch and the bond markets are not happy. I'm still thinking of moving to Baleyville and slowing it way down.

vann

The gold market is a much larger than for silver or platinum, Central banks take the vast majority of gold off the market and hold it rather than trade. In contrast the silver market is much more widespread, and some would argue, in shorter supply due to the increased demand from paper silver traders. While that leads to more volatility in the silver price from hedge funds coming in and out of the market, I believe a return of the historical 16-20:1 silver to gold ratio is likely as prices continue to rise and therefore with the current gold/silver ratio of 40:1 silver has better potential in my opinion. A few big players coming into the silver market can have a huge impact on the price in contrast to the gold market which is mostly controlled by central banks. Platinum is mostly a 'good time' precious metal with demand in large part dependent on how well the world economies do.

renman95

Where's Baleyville?

Spooly

<< <i>Where's Baleyville? >>



South of Green Acres and East of Petticoat Junction.

pmcollectour

<< <i>

<< <i>Where's Baleyville? >>



South of Green Acres and East of Petticoat Junction. >>



And north of Gilligan's Island, and west of Fantasy Island.

All places are accessible by the love boat.

gsa1fan

<< <i>Where's Baleyville? >>



I'm sure if you call Ward & June Cleaver they can tell you how to get there

Placid

Why to buy gold now

fiveNdime

<< <i>

<< <i>

<< <i>Where's Baleyville? >>



South of Green Acres and East of Petticoat Junction. >>



And north of Gilligan's Island, and west of Fantasy Island.

All places are accessible by the love boat. >>


... in the twilight zone


http://forums.collectors.com/messageview.cfm?catid=42&threadid=813050

gsa1fan

<< <i>

<< <i>

<< <i>

<< <i>Where's Baleyville? >>



South of Green Acres and East of Petticoat Junction. >>



And north of Gilligan's Island, and west of Fantasy Island.

All places are accessible by the love boat. >>


... in the twilight zone


http://forums.collectors.com/messageview.cfm?catid=42&threadid=813050 >>












Welcome

storm888

Gold will likely crush both Platinum and Silver and most other
"industrial" metals.

Folks who are relying on "industry" for price gains are not clear
that the world is going to experience a GREAT depression; the
kind of economy that should have been allowed to cycle itself
thru in 2007 and 2008. The artificially induced delay is going to
bring MUCH more pain than would have been brought if the planet
had simply taken its medicine promptly.

Waiting for "industry" to move metals could take a generation or
more. Meanwhile, the perception of gold will continue to be that
"it is money." I will continue to place most of my bets on "money,"
and ONLY speculate with little bets on "industry."

Sonorandesertrat

A decade from now, platinum will be in the dumpster---its current use is mainly in catalytic converters. Catalysts based on much cheaper metals (e.g., cobalt) are currently in development.