<< <i>I'm going to predict that March, 2012 is the month the Pt/Au price inversion ends, and that by 3/31 Platinum will be trading higher per ounce than gold. >>
Little bid late with your prediction, hey. Now if you can forecast today as to what day & the exact time, I'll give you a cudo
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Go platinum.....it makes no sense to a PM novice(that's me) that gold should be more valuable than platinum! After all, just do a search on extracting platinum.....it's amazing how little platinum comes from the ore.
Serious question. What did you see that was so impressive?
I was just responding to the overall rise for all of the metals, and platinum gained strongly on gold, which was having a decent day itself.
Of course, that was then, and today was less impressive.
Then I snap out of it and remember what Baley referred to in his post, " the ~1% rise in metals yesterday (due in part to the relative gain of the Euro to the dollar)".
Sometimes I forget that it really is about the dollar most of the time, although I'm still impressed that platinum hung on today. Go! Platinum!
Q: Are You Printing Money? Bernanke: Not Literally
A difference of $13.50! (Still in gold's favor). This is still peanuts, considering that platinum ought to be at least double what the price of gold is.
Q: Are You Printing Money? Bernanke: Not Literally
Plat will be worth more than gold this year. And perhaps next. But Plat probably wont exceed 1900. Unless the speculators want to have some fun. It is a VERY thin market, and UNDEROWNED.
Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
<< <i>Wait no more...Plat is trading ahead of gold in overseas trading. >>
Nice jump....now, will platinum continue in its leading role from this point on? >>
Cue the roller coaster image.......
Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
<< <i>Platinum has been more valuable than gold consistently for some time now, currently about +$27, do folks expect this spread to shrink or grow? >>
Yes, folks do expect the spread to shrink or grow, the PM market is always moving.
I expect the price of platinum to increase its spread over the price of gold as the economy continues to improve. Platinum is both rarer than gold and in greater industrial demand.
It would seem to be a "no brainer" but with PMs you never know.
Comments
<< <i>I'm going to predict that March, 2012 is the month the Pt/Au price inversion ends, and that by 3/31 Platinum will be trading higher per ounce than gold. >>
Little bid late with your prediction, hey. Now if you can forecast today as to what day & the exact time, I'll give you a cudo
I knew it would happen.
I knew it would happen.
Gold $1,687.30
It will fluctuate.
I knew it would happen.
<< <i>Platinum $1,691.00
Gold $1,687.30
It will fluctuate. >>
Go platinum.....it makes no sense to a PM novice(that's me) that gold should be more valuable than platinum!
After all, just do a search on extracting platinum.....it's amazing how little platinum comes from the ore.
The question remains - which one will come out of this intersection on top?
I knew it would happen.
I guess that answers the question for the time being.
Platinum outshining the other metals today, up about 1%
Liberty: Parent of Science & Industry
I knew it would happen.
Liberty: Parent of Science & Industry
Am I dreaming or when you read this thread the last 2 messages posted today show that the date as dec 10 2012 and yet in the forum view they say 2013?
nevermind its fixed . For some reason it was showing the posts out of order
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
<< <i>Is the most difficult mined platinum doomed to be a slave to gold???
Go Platinum....the platinum boom starts now!!
I knew it would happen.
<< <i>Kind of an impressive day for all of the metals today. Take it in stride, it won't be the last. >>
Serious question. What did you see that was so impressive?
Knowledge is the enemy of fear
<< <i>Kind of an impressive day for all of the metals today. Take it in stride, it won't be the last. >>
too early in the day for such a claim. After all, it's "Silver Friday."
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
<< <i>
<< <i>Kind of an impressive day for all of the metals today. Take it in stride, it won't be the last. >>
too early in the day for such a claim. After all, it's "Silver Friday."
the post was referring to the ~1% rise in metals yesterday (due in part to the relative gain of the Euro to the dollar)
giving it back today.. in fact, I've gained and lost the same few percent on my metals investments for going on 2 years now... treading water...
Liberty: Parent of Science & Industry
I was just responding to the overall rise for all of the metals, and platinum gained strongly on gold, which was having a decent day itself.
Of course, that was then, and today was less impressive.
Then I snap out of it and remember what Baley referred to in his post, " the ~1% rise in metals yesterday (due in part to the relative gain of the Euro to the dollar)".
Sometimes I forget that it really is about the dollar most of the time, although I'm still impressed that platinum hung on today. Go! Platinum!
I knew it would happen.
I knew it would happen.
Knowledge is the enemy of fear
<< <i>Wait no more...Plat is trading ahead of gold in overseas trading. >>
Nice jump....now, will platinum continue in its leading role from this point on?
Ah, maybe this is it.
I knew it would happen.
<< <i>
<< <i>Wait no more...Plat is trading ahead of gold in overseas trading. >>
Nice jump....now, will platinum continue in its leading role from this point on?
Cue the roller coaster image.......
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
March of Time - 27 Centuries in Gold
https://coins.www.collectors-society.com/WCM/CoinCustomSetView.aspx?s=36590
Liberty: Parent of Science & Industry
Liberty: Parent of Science & Industry
Liberty: Parent of Science & Industry
<< <i>Platinum has been more valuable than gold consistently for some time now, currently about +$27, do folks expect this spread to shrink or grow? >>
Yes, folks do expect the spread to shrink or grow, the PM market is always moving.
the economy continues to improve. Platinum is both rarer than gold and
in greater industrial demand.
It would seem to be a "no brainer" but with PMs you never know.
Knowledge is the enemy of fear
Liberty: Parent of Science & Industry
Liberty: Parent of Science & Industry
I knew it would happen.
Liberty: Parent of Science & Industry
The Platinum Supply Shock
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
Knowledge is the enemy of fear
I knew it would happen.
I knew it would happen.
Platinum $1192.
<< <i>gold will most likely never regain it's number one position.
The Platinum Supply Shock >>
oops
Gold $1196
Platinum $1194
Interesting.
Liberty: Parent of Science & Industry
Too many positive BST transactions with too many members to list.
But palladium is in free fall. Why?