Gold Vs Platinum

go for the Pt.

Much better buy, and at least there is a ligit use for it.

I would normally go for the Platinum, but under the current financial situation we are facing, it might be a wise decision to stick with gold. There is much more gold in this world than platinum and in a healthy market where people are buying cars, Platinum is a much more valuable metal because of its use in catalytic converters, but since the auto industry is hurting, platinum isn't as highly prized.

If you want to buy, buy Pt, but don't expect it to go up a lot within the few years because it's an industrial metal. Once the economy goes back on track, it will be about 2000 again.

As for gold, it's mainly used, or considered to be, a value storage.

I would have said go with the Pt since there are so many razor blades being used. Then today I was in an auto parts store and noticed on the wall they had Gold Plated Battery Terminal Lugs. With this in mine, I'd go with the Platinum. As long as there are batteries in cars, there may well be a massive use for Platinum.

If pt is lower than Au, buy 100 ounces and sell 100 oz of gold. Reverse when they change.

There are two unique features in the platinum market that make predicting it's future movements tricky.

Most of the world's major platinum mines are in regions which are, historically, politically unstable: Besides some small operations in the US, Canada and Zimbabwe, most of the world's platinum comes from Russia and South Africa.

When political or industrial turmoil stops production in either of these places, the price goes up, even if demand stays constant. Because supplies are so limited, there is basically no world "stockpile" to act as a price buffer - certainly not to the same extent as gold. Except for the small amounts sold as coins and jewellery, the stuff is used by industry almost as soon as it's mined.

The other thing about platinum is that you don't have to rely solely on mining production as a source - platinum is virtually 100% recyclable. So the millions of cars on the roads of the Western economies are the world's platinum stockpile. If something happens to reduce the total number of cars on the road (like, say, a major economic collapse, or everyone suddenly becomes an enviromaniac and decides to walk to work instead) then a flood of platinum will be removed from the "car stockpile" and dumped onto the market.

Much of the gold mined for coins now comes from Australia.
I have been searching for the article I recently saw with out luck, but I believe th US Mint is now purchasing gold from Australia for its coins