Will Platinum Ever Come Back Above Gold?

If they have a computer or access to one, send then to:

http://www.kitco.com/market/

This page shows the daily US and world prices for silver, gold, platinum, and palladium. The info there should settle the issue.

As to whether or not Pt will ever be more valuable than Au... the probability is high that it will. Pt is both rarer and more useful than gold industrially, so there is a substantial market for it as something other than a precious metal. The chemical, oil refining, automobile, and waste treatment industries use a considerable amount of both Pt and Pd.

Currently, industrial production in the US is weak and there are enough problems in the financial world that Au is highly sought after as a store of wealth and a safe harbor from declining currencies and collapsing stocks and bonds.

The price of Pt has long been higher than that of Au. There have been a few short periods when Au prices exceeded those of Pt. This is usually a short term price aberration, however. In the past, a Pt price below that of Au was a strong buy signal for Pt.

I would like to buy more platinum at these prices and hold on tight long term.

people aren't crazy about gold, we are crazy to put our faith in paper money. When economic sanity finally arrives (can't return if it haven't been here), gold will stabilize (the value of paper money will be tied more closely with gold), and platinum will rise due to industrial demand picking back up.

Well, having been there, I can tell you where they were then. They were thinking that gold at $700 an oz. was pretty expensive compared to the gold they were used to at $300-400 an oz. Little did we know back then what the future would bring!



Well, heck... when I don't have any platinum to sell, I only charge a $50 premium per oz. over spot! That's a much better deal, right?

A good local dealer is a real asset to any coin or bullion collector. It's good that you have access to one where you are. I have one as well. He's great but since he runs a pawn shop, coins are not his main interest. I get a lot of good deals from him but his coin quantity is often fairly low. I have "cleaned him out" more than once, even though I did not buy all that many coins at one time.

Well I thnk its rarity keeps the prices up, and industrial demand....

There are actually a lot of industrial uses for platinum

Here is a web page that goes into some detail about platinum and its uses:

http://www.louisianagold.com/platfact.htm

I don't know how platinum use breaks down in ounces, though. My guess is that it is used mostly by industry, so when industry slows so does platinum consumption and therefore platinum prices. Platinum is closely allied with the auto, chemical, petroleum refining, and waste treatment industries.

I would agree with that. Electric cars today are at about the same development point as was the personal computer when the Commodore Vic-20 was selling. Yes, it was a computer but barely. So it goes with electric cars. They will come into their own eventually but that could easily take 25-30 more years of R&D. At the current state of development, they do have some niche applications but are primarily interesting and expensive novelties.