Gold $1188, Platinum $1088. = Update: Gold $1094, Platinum $974 =

Overdate · June 15, 2015 2:04AM

The gap just reached $100. What's next?

Edited to add: Gap has widened to $120, even as both metals continue to crash.

derryb · June 15, 2015 2:16AM

$988 silver?

CaptHenway · June 15, 2015 2:23AM

I can remember when Platinum used to be considered a precious metal.............

bronco2078 · June 15, 2015 2:37AM

I know or knew at least a guy that had a big fat platinum wedding band he was very impressed with. It was a thick band and 95% pure, I believe the melt value was around 700 at the time.

In his mind it was much better than gold but the thing that used annoy him to no end was everyone thought it was sterling

Kind of the opposite effect than what he was going for.

bluelobster · June 15, 2015 3:08AM

I know gold is much more widely held and traded, but at a 10% discount, I am a buyer of Pt over Au

jmski52 · June 15, 2015 5:09AM

Very Interesting!

roadrunner · June 15, 2015 5:18AM

This is a new 6 year low too taking it back to early 2009. Gold was 900-1000 back then, silver 14-15.....hmm?

Plat chart

I can remember when Platinum used to be considered a precious metal.........

Too rare for its own good. Just another metal for catalytic converters. What happens when they don't need it anymore for that purpose?

trozau · June 15, 2015 5:18AM

<< I know or knew at least a guy that had a big fat platinum wedding band he was very impressed with. It was a thick band and 95% pure, I believe the melt value was around 700 at the time.

In his mind it was much better than gold but the thing that used annoy him to no end was everyone thought it was sterling

Kind of the opposite effect than what he was going for. >>

I like platinum for the reason it annoys him. It pleases me that it does NOT call attention to its lavishness to the point that it can be mistaken for the pedestrian silver. The more important thing is that you are one up on those who do NOT realize the luxury on your finger. Plus, it may be an Asian thing cause platinum jewelry is preferred by Asians.

jmski52 · June 15, 2015 5:41AM

Gold has a long monetary history behind it, and is a good contra indicator of monetary policy. Platinum is a fairly good positive economic indicator (as is silver), in my opinion. One difference between gold and platinum is that gold is stored while platinum is consumed.

Although platinum scrap plays a role, there is a finite loss that must be replaced by ever-depleting mines. This seems to tell me that the ratio of aboveground stocks of platinum will continue to shrink in comparison to the aboveground stocks of gold. I don't know if that makes much difference to market pricing now, but someday the depletion factor will probably make a difference.

Platinum is one tough metal, which I believe speaks to it's usefulness in industry. It resists corrosion, electrical fatigue, higher temperatures and is quite tough mechanically. It's a durable catalyst in chemical reactions (lowers the energy threshold requirement in a reaction), which makes it universally useful. I don't think that palladium quite compares to it, and I don't see many general opportunities for replacing it in critical applications.

Weiss · June 15, 2015 6:48AM

<< Gold has a long monetary history behind it, and is a good contra indicator of monetary policy. Platinum is a fairly good positive economic indicator (as is silver), in my opinion. One difference between gold and platinum is that gold is stored while platinum is consumed.

Although platinum scrap plays a role, there is a finite loss that must be replaced by ever-depleting mines. This seems to tell me that the ratio of aboveground stocks of platinum will continue to shrink in comparison to the aboveground stocks of gold. I don't know if that makes much difference to market pricing now, but someday the depletion factor will probably make a difference.

Platinum is one tough metal, which I believe speaks to it's usefulness in industry. It resists corrosion, electrical fatigue, higher temperatures and is quite tough mechanically. It's a durable catalyst in chemical reactions (lowers the energy threshold requirement in a reaction), which makes it universally useful. I don't think that palladium quite compares to it, and I don't see many general opportunities for replacing it in critical applications. >>

Word.

I'm buying bits and pieces of gold now. But if Pt comes along at a good price, I'll add it to my stack. Keeping the ratio somewhere around 200:5:1

johnny9434 · June 15, 2015 8:27AM

<< I can remember when Platinum used to be considered a precious metal............. >>

same here

roadrunner · June 15, 2015 10:59AM

During the last run up in platinum weren't the spreads becoming rather large to almost make it untradeable? I kept hearing things like 15-20% spreads. No thanks if that's the case.

derryb · June 15, 2015 11:32AM

It's simple - gold is currently over priced.

bronco2078 · June 15, 2015 12:24PM

<< During the last run up in platinum weren't the spreads becoming rather large to almost make it untradeable? I kept hearing things like 15-20% spreads. No thanks if that's the case. >>

Speaking of spreads the spreads on palladium bars are surprisingly tight At Provident 1 oz palladium bars $10 over

perkdog · June 15, 2015 1:21PM

I wont consider buying any gold unless it falls below $900

USASoccer · June 15, 2015 2:32PM

Love platinum and palladium, its hard to find a deal on it though.

jmski52 · June 15, 2015 10:01PM

During the last run up in platinum weren't the spreads becoming rather large to almost make it untradeable? I kept hearing things like 15-20% spreads. No thanks if that's the case.

It's definitely a thinner market, but it's still a viable market. I've never taken a bath on platinum spreads as long as I shop around (both buying and selling). Also, the spread does depend on which way the market is moving. As in most cases when the market is moving up, people want it aggressively, and when the market is stagnant or moving down, it's a longer wait to sell - but there's always a buyer and there's always a price.

bronco2078 · June 15, 2015 10:53PM

<< Love platinum and palladium, its hard to find a deal on it though. >>

Buy that bar I linked to

They are selling for $10 over and buying at $10 back , I've never seen a spread on palladium that tight before.

Its not like there are a million choices either , maples ballerinas or 1 oz bars are pretty much it.

Actually I can't remember when palladium and platinum prices were this close together. Does anyone keep track of the platinum to palladium ratio??

asheland · June 16, 2015 12:15AM

I remember Platinum at $2000 while gold was at $1000
Odd indeed!

Overdate · June 16, 2015 12:35AM

Platinum exchange traded funds have buy-sell spreads as low as $1.40 per ounce, palladium as low as $1.00 per ounce.

CaptHenway · July 19, 2015 11:47AM

Platinum $150 under gold now, and gold ain't doing all that great itself.

VanHalen · July 19, 2015 4:04PM

<< Platinum $150 under gold now, and gold ain't doing all that great itself. >>

It's been 6 1/2 years since Pt was sub-$1k and here we are.

Gold $1188, Platinum $1088. = Update: Gold $1094, Platinum $974 =

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