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Gold or Platinum, which one is better for investing?

atulvajpayeeatulvajpayee Posts: 4
in Precious Metals
Hi I am planing for investing but little confuse between Gold and Platinum.

Comments

  • derrybderryb Posts: 36,824 ✭✭✭✭✭
    study up on gold to silver ratio. silver is currently very cheap when looking at historical comparisons.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    As in all things, opinions will vary and justifications abound......my personal preference is gold and silver....platinum is interesting, but not generally recognized as a trading medium...Cheers, RickO
  • JohnnyCacheJohnnyCache Posts: 1,761 ✭✭✭✭✭
    My preference would be gold over platinum but as Rick said "opinions will vary and justifications abound" and he is absolutely correct.

    Get educated as derryb suggests and then tweak a plan to your needs /desires.

    I loosely try to hold "X" ounces of silver, then 10% of "X oz of Silver" in ounces of gold and finally 10% of "X oz of Gold" in ounces of platinum.

    Hypothetical Example: 1000 oz Ag 100 oz Au 10 oz Pt





    edit for misspelling

    Charles III Album

    Charles III Portrait Set

    Charles IV Album

    Charles IV Portrait Set

    Spanish Colonial Pillar Set

  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭
    I like gold. I find platinum to be difficult
    to resell !!! image
    Timbuk3
  • bronco2078bronco2078 Posts: 10,225 ✭✭✭✭✭



    Not to put too fine a point on it ...... but platinum and palladium are wretched , foul , stinking garbage to be avoided at all cost. For stacking mind you . However, if you are into losing a lot of money collecting pretty designs platinum can be okay. image but not palladium ever.

    If you own a store and can buy back of melt its better but after you buy they will still sit in the display case forever .
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Forget platinum. And before you buy any precious metals, spend the next few weeks/months heavily researching them.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • atulvajpayeeatulvajpayee Posts: 4
    Hey Thanks to all for your valuable suggestions. I am going to invest in gold over here
  • bronco2078bronco2078 Posts: 10,225 ✭✭✭✭✭


    image
  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭


    << <i>Hey Thanks to all for your valuable suggestions. I am going to invest in gold over here >>



    AGEs at $130 over spot? No thanks.
    theknowitalltroll;
  • jmski52jmski52 Posts: 22,858 ✭✭✭✭✭
    AGEs at $130 over spot? No thanks.

    You can probably get better pricing if you just drive over to Dubai and pick them up at the counter?
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • tneigtneig Posts: 1,505 ✭✭✭
    Want to buy a bridge?

    (you'll feel that way if not careful)




    << <i>Hey Thanks to all for your valuable suggestions. I am going to invest in gold over here >>

    COA
  • OverdateOverdate Posts: 7,008 ✭✭✭✭✭
    Platinum is less liquid than gold, and usually the bid/ask spread is higher.

    Platinum is also a lot scarcer than gold.

    Platinum is more sensitive to industrial demand than gold. Gold is more sensitive to monetary demand than platinum.

    Even though they're currently selling for about the same price, their supply/demand profiles are very different. It's hard to tell how that will play out in the long term.

    My Adolph A. Weinman signature :)

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