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Gold - Platinum parity???

PRIZ430PRIZ430 Posts: 306 ✭✭✭
in Precious Metals
As of 8:15 pm 10/15/14...Gold is 1186.60.....Platinum is 1194.00....Wasnt it just a month or so ago Platinum was trading 1500.00+???....The huge Platinum slide hasnt really gotten any of the coverage the lesser slide in gold has gotten....

Comments

  • JulioJulio Posts: 2,501 ✭
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  • JulioJulio Posts: 2,501 ✭
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  • jmski52jmski52 Posts: 22,869 ✭✭✭✭✭
    It's not often that gold trades above platinum, and when it does it represents a relatively good risk for platinum to eventually come back on the upside.

    Sometimes it takes a little while, maybe even a year - but the odds are always in favor of platinum to regain it's price premium. Of course, if all of the metals are moving down at the same time, you can still buy platinum with proceeds from selling gold and still lose money.

    Right now, if you're inclined to own some platinum I would keep an eye on it. It might take another dive relative to gold before things turn around, although I can't even tell you why platinum is off so much in the first place.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,837 ✭✭✭✭✭

    Wasn't it not too long ago that platinum eventually shot above gold?

    Natural forces of supply and demand are the best regulators on earth.

  • jmski52jmski52 Posts: 22,869 ✭✭✭✭✭
    Wasn't it not too long ago that platinum eventually shot above gold?

    Yes, but that's typically not the case. I'd say that in the past 20 years, platinum has been more expensive than gold at least 80-90% of the time. And before that, probably still true.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭
    Just reflecting the future of industrial commodities, IMO.

    Silver on its butt too.

    Gold is money. Silver and platinum are hopes.
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