I'm guessing if and when the DOW takes out 14,000 or makes a new high. MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Platinum is mostly an industrial metal so I'm guessing that when we get out of this recession Platinum will once again exceed gold in value as industrial demand rises and the supply stays fairly static.
Worry is the interest you pay on a debt you may not owe.
Platinum is a scary metal meaning a price drop of almost $1500 in 08 from its high of $2300 an ounce. That 2011 U.S. mint platinum proof has seen a price drop of $500 in 2011 alone. An $800 an ounce entry point if probably the safest it will ever get.
Ans: All of the above. Gold is the more desireable metal for many reasons. Platinum has an important industrial use that is currently in decline, but may pick up.
The joker in the deck is: What would happen if some different, cheaper and/or more effective alternative to the catalytic converter was to be invented?
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
What we have here, is a "pricing anomaly" relative to scarcity. It's good enough to warrant buying some platinum and that's what I've been doing for my Plat collection.
Portfolio balancing is another good reason to consider platinum now, particularly if you own gold already.
If they figure out an efficient catalyst that is effective enough to replace platinum, I for one will be surprised. The chemistry and metalurgy makes it work. Don't think that they haven't been trying, but I just don't expect a breakthrough. Platinum is valuable for a reason.
Q: Are You Printing Money? Bernanke: Not Literally
For US jewelry use, the high end stuff is platinum, or at least white gold. The rest of the world may still love wearing yellow gold, but in our country, increasingly,
Yellow gold jewelry is viewed by some as passe, as cheap looking and feeling (esp. 10k), and as common. At worst, "Mr. T" jokes are in the offing with a lot of yellow gold around the neck
<< <i>Yellow gold jewelry is viewed by some as passe, as cheap looking and feeling (esp. 10k), and as common. At worst, "Mr. T" jokes are in the offing with a lot of yellow gold around the neck >>
Baley, I pity the fool that disrespects the yellow metal.
<< <i>Yellow gold jewelry is viewed by some as passe, as cheap looking and feeling (esp. 10k), and as common. At worst, "Mr. T" jokes are in the offing with a lot of yellow gold around the neck >>
Baley, I pity the fool that disrespects the yellow metal. >>
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
American auto plants are hiring again. Japanese are opening/expanding US plants and also hiring. More workers = more autos = more catalysts = more PGM demand = higher prices? Mebbe. ---- On the other hand gold is more universally recognised (probably how it acquired that flashy reputation). Of course they slammed Madonna for the same and look at what she's worth!
Many, many perfect transactions with other members. Ask please.
I have developed a lovely allergy to my gold alloy engagement ring/wedding band. I have a platinum band in the mail...in about 6 weeks when I have determined I am NOT allergic to platinum and go to order a new setting for my engagement ring...well platinum is sure to triple overnight.
According to my husband the Dermatologist broke the man-code--apparently he should have told me to try either ceramic or plastic, not platinum...
Stork
(ps does anyone recommend a good jeweler that will work through the mail--I'm stationed overseas right now)
<< <i>How long will gold be of more value than platinum??? >>
By July 31.... Gold had it's day ... now it's Platinum's & Rhodium's turn. Got to get every one involved... like musical chairs... silver was the odd man out during the last go around.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Catalytic converters account for less than 1/3 of total platinum demand. If that source of demand went to zero overnight, the price would take a hit, but there would still be plenty of demand from other quarters to support the price and keep it from going too far down.
With an annual new supply of less than 7 million ounces, and 93% of that supply mined in politically uncertain regions, I think platinum is a decent value at today's prices even if automotive and industrial demand for the metal declines over time.
I expect this trend to continue, but in my opinion it does depend on industrial demand for platinum vs. the international reserve currency status of the dollar and the evolution of the Western Debt Crisis.
As long as the world economy doesn't grind completely to a halt, platinum will continue to recover. I think it's been oversold way beyond any fundamental reasons. Platinum:Gold ought to be at least 2:1.
Q: Are You Printing Money? Bernanke: Not Literally
I expect this trend to continue, but in my opinion it does depend on industrial demand for platinum vs. the international reserve currency status of the dollar and the evolution of the Western Debt Crisis.
As long as the world economy doesn't grind completely to a halt, platinum will continue to recover. I think it's been oversold way beyond any fundamental reasons. Platinum:Gold ought to be at least 2:1. >>
Well said, and I agree.
We are like children who look at print and see a serpent in the last letter but one, and a sword in the last. --Severian the Lame
Excellent analysis. It boils down to what the car industry will do. While it will take years to reach pre-crisis sales numbers, I'm seeing a lot of new cars on the road. When you think about it there are a lot of people not buying homes now. Cars are the second big ticket item and I believe a choice between the two will become a new car. I'm banking that the crisis and subsequent reduction in auto demand have caused platinum to be oversold. The fact that it is now below gold re-enforces this (unless gold is overbought). Put me in the buy platinum group.
Yes, great article, thanks for posting. Links like that and analysis like in this thread make this place awesome.
Wasn't the spike in Plat prices a couple years ago due to problems in the South African mines? A power interruption or something?
Something like that (or a strike (or other social unrest) I guess is the other big danger) could cause another spike (which the author hints might again be short-lived, making the wise thing to do if/when that happens is to take some profits?)
Wasn't the spike in Plat prices a couple years ago due to problems in the South African mines? A power interruption or something?
Big problems with infrastructure of power generation and transmission which is essential for cooling water and air circulation in the mines. That problem hasn't gone away. Some mine collapses & subsequent strikes - a situation which can't be getting any better because the mines have to keep going deeper.
Social unrest - that I'm not sure of in S.Africa these days.
Q: Are You Printing Money? Bernanke: Not Literally
<< <i>Au-Pt spread now down to $42. This unusual price inversion appears to be ending..
How long will gold be of more value than platinum???
In the the physical market? any day now, maybe already? >>
You have been all over this one so far. MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
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.
Comments
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Worry is the interest you pay on a debt you may not owe.
Give Me Liberty or Give Me Debt
Knowledge is the enemy of fear
Liberty: Parent of Science & Industry
Practical realism.
I knew it would happen.
There's only one Gold
Liberty: Parent of Science & Industry
I knew it would happen.
Box of 20
The gap has narrowed a bit, $177
Liberty: Parent of Science & Industry
Liberty: Parent of Science & Industry
Gold is "yellow like the sun, warm and inviting".
Platinum is much more rare and has better fundamentals.
Gold is emotional.
Gravity and electromagnatism are strong forces, but nothing is as strong as human emotion.
This is why gold has (more) value.
Knowledge is the enemy of fear
the fish is worth way more than the gold leaf on top
Liberty: Parent of Science & Industry
The joker in the deck is: What would happen if some different, cheaper and/or more effective alternative to the catalytic converter was to be invented?
Portfolio balancing is another good reason to consider platinum now, particularly if you own gold already.
If they figure out an efficient catalyst that is effective enough to replace platinum, I for one will be surprised. The chemistry and metalurgy makes it work. Don't think that they haven't been trying, but I just don't expect a breakthrough. Platinum is valuable for a reason.
I knew it would happen.
Yellow gold jewelry is viewed by some as passe, as cheap looking and feeling (esp. 10k), and as common. At worst, "Mr. T" jokes are in the offing with a lot of yellow gold around the neck
Liberty: Parent of Science & Industry
<< <i>Yellow gold jewelry is viewed by some as passe, as cheap looking and feeling (esp. 10k), and as common. At worst, "Mr. T" jokes are in the offing with a lot of yellow gold around the neck >>
Baley, I pity the fool that disrespects the yellow metal.
I knew it would happen.
<< <i>
<< <i>Yellow gold jewelry is viewed by some as passe, as cheap looking and feeling (esp. 10k), and as common. At worst, "Mr. T" jokes are in the offing with a lot of yellow gold around the neck >>
Baley, I pity the fool that disrespects the yellow metal. >>
Au-Pt spread now $145
Another great Clubber Lang quote:
Announcer: "Clubber, what is your prediction for the fight?" Clubber: "Prediction?" Announcer: "Yes, prediction." Clubber: "Pain"
Liberty: Parent of Science & Industry
Japanese are opening/expanding US plants and also hiring.
More workers = more autos = more catalysts = more PGM demand = higher prices?
Mebbe.
----
On the other hand gold is more universally recognised (probably how it acquired that flashy reputation). Of course they slammed Madonna for the same and look at what she's worth!
I have developed a lovely allergy to my gold alloy engagement ring/wedding band. I have a platinum band in the mail...in about 6 weeks when I have determined I am NOT allergic to platinum and go to order a new setting for my engagement ring...well platinum is sure to triple overnight.
According to my husband the Dermatologist broke the man-code--apparently he should have told me to try either ceramic or plastic, not platinum...
Stork
(ps does anyone recommend a good jeweler that will work through the mail--I'm stationed overseas right now)
--Severian the Lame
platinum ~sux
Gold ~ ROCKS!
Yellow Gold is $$
<< <i>How long will gold be of more value than platinum??? >>
By July 31.... Gold had it's day ... now it's Platinum's & Rhodium's turn. Got to get every one involved... like musical chairs... silver was the odd man out during the last go around.
I knew it would happen.
Liberty: Parent of Science & Industry
With an annual new supply of less than 7 million ounces, and 93% of that supply mined in politically uncertain regions, I think platinum is a decent value at today's prices even if automotive and industrial demand for the metal declines over time.
My Adolph A. Weinman signature
Anyone else expecting this trend to continue?
Liberty: Parent of Science & Industry
Anyone else expecting this trend to continue?
The "Platinum Watch" Thread. I love it!
I expect this trend to continue, but in my opinion it does depend on industrial demand for platinum vs. the international reserve currency status of the dollar and the evolution of the Western Debt Crisis.
As long as the world economy doesn't grind completely to a halt, platinum will continue to recover. I think it's been oversold way beyond any fundamental reasons. Platinum:Gold ought to be at least 2:1.
I knew it would happen.
<< <i>Au-Pt spread now $116.
Anyone else expecting this trend to continue?
The "Platinum Watch" Thread. I love it!
I expect this trend to continue, but in my opinion it does depend on industrial demand for platinum vs. the international reserve currency status of the dollar and the evolution of the Western Debt Crisis.
As long as the world economy doesn't grind completely to a halt, platinum will continue to recover. I think it's been oversold way beyond any fundamental reasons. Platinum:Gold ought to be at least 2:1. >>
Well said, and I agree.
--Severian the Lame
Give Me Liberty or Give Me Debt
A less-than-bullish analysis of platinum.
My Adolph A. Weinman signature
In God We Trust.... all others pay in Gold and Silver!
<< <i>On the other hand . . .
A less-than-bullish analysis of platinum. >>
Excellent analysis. It boils down to what the car industry will do. While it will take years to reach pre-crisis sales numbers, I'm seeing a lot of new cars on the road. When you think about it there are a lot of people not buying homes now. Cars are the second big ticket item and I believe a choice between the two will become a new car. I'm banking that the crisis and subsequent reduction in auto demand have caused platinum to be oversold. The fact that it is now below gold re-enforces this (unless gold is overbought). Put me in the buy platinum group.
Give Me Liberty or Give Me Debt
Wasn't the spike in Plat prices a couple years ago due to problems in the South African mines? A power interruption or something?
Something like that (or a strike (or other social unrest) I guess is the other big danger) could cause another spike (which the author hints might again be short-lived, making the wise thing to do if/when that happens is to take some profits?)
Liberty: Parent of Science & Industry
Big problems with infrastructure of power generation and transmission which is essential for cooling water and air circulation in the mines. That problem hasn't gone away. Some mine collapses & subsequent strikes - a situation which can't be getting any better because the mines have to keep going deeper.
Social unrest - that I'm not sure of in S.Africa these days.
I knew it would happen.
Liberty: Parent of Science & Industry
Liberty: Parent of Science & Industry
How long will gold be of more value than platinum???
In the the physical market? any day now, maybe already?
Liberty: Parent of Science & Industry
<< <i>Au-Pt spread now down to $42. This unusual price inversion appears to be ending..
How long will gold be of more value than platinum???
In the the physical market? any day now, maybe already? >>
You have been all over this one so far. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I knew it would happen.
Liberty: Parent of Science & Industry
Liberty: Parent of Science & Industry
--Severian the Lame