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 Replies: 6 / Views: 1,540 |
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Pillar of the Community
United States
1130 Posts |
Which metal would rise faster than others, in relation to their current price ?
I wanted to see which one has the most potential as a short-term investment (1-6 months).
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Pillar of the Community
United States
533 Posts |
For a % increase look at silver, for a $ increase look a platinum. Silver might go up a couple bucks/oz in the next 2-4 weeks, an 11% ROI, gold would have to go up $102/oz to equal 11%. But I would try and get a blend of both, and look for bullion not ASE's as bullion will be closer to spot price. I would also advise you not to buy all of it the same day, I would buy 1/2 of the total amount you want first then wait a while and if prices are down, but you still want some, buy some more. If prices have sky-rocketed, but you think that they are going higher, buy some more, or just be glad you got any to begin with. Edited by MorganNoob
04/09/2008 3:19 pm
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Pillar of the Community
 United States
1130 Posts |
Can anyone confirm this story that the platinum mines in South Africa will have to shut down this summer (winter over there) due to severe energy shortage ? This will create a severe shortage since most platinum comes from that area.
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Pillar of the Community
United States
533 Posts |
I have heard nothing/can find nothing of the sort. Considering that it hasn't moved much in the last three days, 1. Either you are the only one in the world that know about it. or 2. It is already priced in. when did you hear this 'rumor'?
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Pillar of the Community
United States
543 Posts |
I havent had any rumors like that before, I'll check on google.
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Pillar of the Community
United States
543 Posts |
Ichecked, but I havnt found any evidence of your rumor, though there was some shutdowns in January because of energy shortages, so definately your rumor is a POSIBILITY.
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Pillar of the Community
United States
1130 Posts |
Found it. quote:
Platinum futures in Tokyo gained on speculation that supplies won't keep pace with demand for the metal, used as a catalyst in car exhaust filters.
The metal, used in jewelry and cars, has soared 57 percent in the past 12 months as wage disputes, accidents and a power shortage forced mines in South Africa, the world's largest producer, to temporarily halt production and reduce output forecasts.
http://www.bloomberg.com/apps/news?...=commoditiesquote:
That's a global shortage, but it's focused on one country because nearly all the earth's platinum comes rom South Africa.
Despite the fact that platinum's already selling for more than twice the price of gold on the resource market, South Africa cannot produce enough. One reason right now: electricity shortages in that nation. And some experts say that could continue through 2012.
http://blogs.zdnet.com/green/?p=833Edited by 1sikevo
04/09/2008 5:10 pm
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Replies: 6 / Views: 1,540 |
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Posted 04/09/2008 2:56 pm
