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Spread on Pt to Au narrows considerably

WeissWeiss Posts: 9,941 ✭✭✭✭✭
in Precious Metals
$1733 vs $1662 as I type. With premiums on Pt ounces at $100 even on bars, do you feel this is a good time to convert to Pt? Have you done so already? No interest in Pt?
We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
--Severian the Lame

Comments

  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    The time to buy Pt was a month or two ago, when it was in the 1400s.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    A gold price higher than the price of platinum is an anomaly. I think that Weiss's trade was a good move, as far as trades go.

    I'm accumulating more Plats at this time, but I'm also adding some gold. They balance each other quite well.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • RGJohnRGJohn Posts: 402


    << <i>The time to buy Pt was a month or two ago, when it was in the 1400s. >>


    Gee, in my sixty some years it has always been so. Either too soon or too late. and invariably by such a small window. Always.
    But I have 4 @ 1/2 oz golds today to trade for an 4 @ 1/2 oz Platinum.
    Offers R us.

    Many, many perfect transactions with other members. Ask please.
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