Gold becomes more valuable than platinum

Hmm...that means either gold is overvalued or platinum should see some serious upside from here on out...
 
Or, that platinum, like silver, is not jumping up in price like gold is doing, because the two metals are valued more for their industrial use, rather than as a hedge to protect wealth. Looks like we are headed for a depression with hyper-inflation.
 
up until a few minutes ago, silver was up with gold as a % of gains.

Silver being the longterm undervalued of the bunch - it will probably spike with a vengeance and see larger gains than gold pretty soon.

YumYum said:
Or, that platinum, like silver, is not jumping up in price like gold is doing, because the two metals are valued more for their industrial use, rather than as a hedge to protect wealth. Looks like we are headed for a depression with hyper-inflation.
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Seraphim said:
up until a few minutes ago, silver was up with gold as a % of gains.

Silver being the longterm undervalued of the bunch - it will probably spike with a vengeance and see larger gains than gold pretty soon.
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So you don't see it going below much further? Have a stop loss at 35.7 and getting nervous from silver volatility.
 
As mentioned before, Platinum is driven by totally different fundamentals than Gold. One is an Industrial metal and the other is a quasi-currency/store of wealth.
 
Long term I would not be afraid to hold onto physical silver.

Short term, could it drop to 32$ again? Sure. I'm betting on HIGHER prices, not lower...within any sort of relevant time frame for long position investors.

fatjohn said:
So you don't see it going below much further? Have a stop loss at 35.7 and getting nervous from silver volatility.
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Diurdi said:
As mentioned before, Platinum is driven by totally different fundamentals than Gold. One is an Industrial metal and the other is a quasi-currency/store of wealth.
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They're both industrial metals, and they're both quasi-currencies/stores of wealth.
 
Jeez said:
Industrial usage: Silver 80%, Gold 10% , Platinum 95%.
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The only way to say 95% of Platinum is used industrially is if you count jewelry as industrial. I'm fine with saying that. But then if you include jewelry, Gold and Silver would also be over 90% industrial.
 
erowe1 said:
The only way to say 95% of Platinum is used industrially is if you count jewelry as industrial. I'm fine with saying that. But then if you include jewelry, Gold and Silver would also be over 90% industrial.
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Actually my mistake Platinum industry use is 50% not 90%,

As for Gold jewlery + industrial consumption won't add upto over 90%, since 35% (now it should be more than half) of its consumption is for investment purpose with 10% in Gold and rest in Jewelry.
 
MyLibertyStuff said:
How can silver be going up without platinum?
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Silver is not going up with gold, that is for sure. Gold is at $1732.40 and going higher, while silver is heading downward and is at $38.79. I'm starting to think that this whole JP Morgan conspiracy thing is a fraud, and they didn't short anything. The whistle-blower was paid to whistle-blow. Something is most definitely not adding up.
 
Huh?

YumYum said:
Silver is not going up with gold, that is for sure. Gold is at $1732.40 and going higher, while silver is heading downward and is at $38.79. I'm starting to think that this whole JP Morgan conspiracy thing is a fraud, and they didn't short anything. The whistle-blower was paid to whistle-blow. Something is most definitely not adding up.
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Seraphim said:
Huh?
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Silver is controlled by a select group in New York. There isn't the demand for it like there is for gold, if there was it would have a lot more volatility than it has been having. The Silver bugs have been hoarding this stuff and they got sick of it sitting flat for all these years. So they have this guy whistlebow that JP Morgan has been shorting silver so that people will buy silver. And, it has worked. But silver by now should be a lot higher than what it is if there was truly the demand and shortage of it as people believe.

Back in 2001, when gold was real low, Rothschilds announced they were no longer buying gold, that gold wasn't going anywhere, and of course we now know they were lying through their teeth. I think this is a similar situation; I think we are being lied to.
 
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