Platinum now cheaper than Gold

[ST]

Gold Bid $822.50
Platinum Bid $816.00

Auto bailout failure & continuing auto demand falling off a cliff, no doubt.

[Techdread]

Re: Platinum now cheaper than Gold

Gold Bid $822.50
Platinum Bid $816.00

Auto bailout failure & continuing auto demand falling off a cliff, no doubt.

Gold looks well overvalued compared to platinum and silver, must be lots of safe haven buying:confused:

[mercerbear]

Re: Platinum now cheaper than Gold

Gold looks well overvalued compared to platinum and silver, must be lots of safe haven buying:confused:

I have read in the past that platinum is an industrial metal and silver is a hybrid between an industrial metal and an inflation hedge. In the current environment, one would expect gold (a 4th major currency) to outperform industrial metals. I'm not sure I would consider it "overvalued." Thoughts?

[ST]

Re: Platinum now cheaper than Gold

I have read in the past that platinum is an industrial metal and silver is a hybrid between an industrial metal and an inflation hedge. In the current environment, one would expect gold (a 4th major currency) to outperform industrial metals. I'm not sure I would consider it "overvalued." Thoughts?

I would tend to agree and moreover, think gold is undervalued and short term sentiment is fixated upon the bond market indicating inflation unlikely - erroneously.

Given today's conditions, my opinion is that gold today is a far better deal than when I started buying at $460 over three years ago because the financial calamity, then just a theory, has actually materialized today, yet the price has barely begun to reflect what is to come.

[grapejelly]

Re: Platinum now cheaper than Gold

i wouldn't mind a platinum coin or two though

[*T*]

Re: Platinum now cheaper than Gold

Just shows that rarity has nothing to do with price.

[Jay]

Re: Platinum now cheaper than Gold

i wouldn't mind a platinum coin or two though

Anyone see any for sale?

[pwcmba]

Re: Platinum now cheaper than Gold

Platinum coins are basically impossible to find at this point. Kitco posted 1oz eagles about two months ago and I ordered some. The next day these were removed from the list of available items. The wait was long but I did receive them two weeks ago.

As for bars, kitco has 1oz bars listed at the bottom of the page
https://online.kitco.com/bullion/completelist.html

Apmex just listed 1oz bars but says the ship date is end of Jan. '09 http://tinyurl.com/62pl6j

[grapejelly]

Re: Platinum now cheaper than Gold

the US Mint says they will ship you a platinum coin for $1200+

[pwcmba]

Re: Platinum now cheaper than Gold

Correct me if I am wrong but I believe the image is of a 1/2oz coin. So the mint is selling 1oz of platinum (2 of these coins) for about $2,500? That is some amazing mark up if you can get it - wow!

[pwcmba]

Re: Platinum now cheaper than Gold

Correction - there are two coins in the set. So, 1oz in total for the $1,200+

[CanuckinTX]

Re: Platinum now cheaper than Gold

the US Mint says they will ship you a platinum coin for $1200+

Gee, you think they're not so popular at that price?

"Order Limits: The order limits for the American Eagle 10th Anniversary Set have been removed. Initially, the American Eagle 10th Anniversary Platinum Coin Set was limited to one set per household."

[LargoWinch]

Re: Platinum now cheaper than Gold

the US Mint says they will ship you a platinum coin for $1200+

The coin is a 10th anniversary special edition, hence cannot be compared with the price of bullion (For my part, I would never buy something like this as the spread is simply ridiculous).

I think Palladium is a safer bet at this juncture: