$66.00 spread in favor of gold. The article I read yesterday wasn't gung-ho on platinum, but it wasn't necessarily negative either. I think that not too many people really know where it's going to go, relative to gold or any other metric either.
Zero Hedge was talking about the relationship between easily-extractable oil and gold, with the conclusion that gold rises whenever an oil shock/higher oil prices occur. Platinum has some of the same supply side dynamics that gold has, so I'd guess that both gold and platinum rise when cheap energy is harder to come by.
I like gold for its strength as an alternative to fiat and because it is becoming monetized informally with the potential to be re-monetized officially. I like platinum as a scarce but highly useful metal that happens to be available in coin and is quasi-monetized.
Q: Are You Printing Money? Bernanke: Not Literally
Not quite sure what it means.... and in what ways..
Looked at the 10-year kitco comparison and it has swung both ways over time. How does this affect the buy/sell/profitibility of it, beyond the other PMs.
I thought this and Palladium had some interesting charts, but I'm not experienced enough yet, and haven't bought any so far.
". . . until signs of global economic growth emerge or we see serious, permanent supply destruction, we view any movements in the platinum market as fleeting, not fundamental."
$87 spread now. Platinum is still on sale! If all this talk about economic recovery is true, I would expect platinum to start catching up. I'm not holding my breath.
Q: Are You Printing Money? Bernanke: Not Literally
Timbuk3
Posts: 11,658 ✭✭✭✭✭
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Zero Hedge was talking about the relationship between easily-extractable oil and gold, with the conclusion that gold rises whenever an oil shock/higher oil prices occur. Platinum has some of the same supply side dynamics that gold has, so I'd guess that both gold and platinum rise when cheap energy is harder to come by.
I like gold for its strength as an alternative to fiat and because it is becoming monetized informally with the potential to be re-monetized officially. I like platinum as a scarce but highly useful metal that happens to be available in coin and is quasi-monetized.
I knew it would happen.
Looked at the 10-year kitco comparison and it has swung both ways over time.
How does this affect the buy/sell/profitibility of it, beyond the other PMs.
I thought this and Palladium had some interesting charts, but I'm not experienced enough yet,
and haven't bought any so far.
Give Me Liberty or Give Me Debt
<< <i>I like platinum as a scarce but highly useful metal that happens to be available in coin and is quasi-monetized. >>
Make it go lower so I can backfill my proof plats
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
". . . until signs of global economic growth emerge or we see serious, permanent supply destruction, we view any movements in the platinum market as fleeting, not fundamental."
Give Me Liberty or Give Me Debt
I knew it would happen.