Silver, Platinum May Outshine Gold Says Bloomberg's Mcglone

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CCFPress Press Manager United States 1420 Posts	Posted 01/05/2017 1:10 pm Metals may be a primary 2017 Indication of normalized inflation, said Mike McGlone, commodity strategist for Bloomberg Intelligence. 'If the strong performance of metals in 2016 is any indication that inflation is truly normalizing, they could regain their historic role as primary beneficiaries and be key indicators in 2017,' he said on Kitco's Gold Report. McGlone also spoke about the industrial metals, and how they may be taking the luster away from gold. 'Spot silver's 16% increase versus gold's 9% advance, and industrial metals doubling the gains for precious metals in 2016, indicate a shift to the positive in global economic demand,' McGlone explained. As for commodities to watch, McGlone is liking platinum, you have to look at the value in the market ...it looks underpriced compared to the other metals right now,' he said. 9p8vNV0ebyY Report this Post to the Staff

terry8835 Pillar of the Community United States 1450 Posts	Posted 01/05/2017 8:06 pm Platinum does look cheap compared to gold. What does an ounce of platinum sell for on the spot market these days? Report this Post to the Staff
Alpha2814 Pillar of the Community United States 2023 Posts	Posted 01/05/2017 9:06 pm I follow http://www.kitco.com/market/ Current bid/ask per ounce: Gold - 1180.20/1181.20 Platinum - 966/971 Silver - 16.55/16.65 When I bought my first platinum piece in 2007 or 2008, platinum was trading about 2x gold, and had consistently traded higher than gold for many years prior. Now, not so much. It feels like it's due for a comeback, but so many other factors are in play -- mining facilities come and go, and platinum has fewer practical uses. Report this Post to the Staff
terry8835 Pillar of the Community United States 1450 Posts	Posted 01/08/2017 8:47 pm You know silver had major manufacturing use in computers from what I have been told. What practical use does gold have? I know platinum had big use in jewelry since it is harder and more sturdy than gold or so I have been told. Report this Post to the Staff
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