Discussion in 'Platinum' started by Dusty, Apr 23, 2011.
Is there anyone out there still purchasing and what are peoples thoughts on the future of both?
What about rhodium whatever happened to it..it has been dead for ages once it was $10000 oz now $2300
Platinum is part of my stack
My two cents FWIW - Gold is the surest bet, Silver has the most potential (proven over the last few months). The other metals are nowhere as liquid and have never been monetary metals. Central banks don't hoard them (Horde if you are a WOW playa ... LOL ).
Personally I'd stick with Gold and Silver but I'm a small fry investor (but was in AHA Magazine this month - BOOYA) bigger players could do well to diversify in their PM stack.....
I'd like to get some platinum, but I'm holding out for a lower price.
I assume it will go lower due to a reduction in industrial usage if the world economy continues this downward trend.
I'm not a fan of palladium at all, mostly because it's industrial use is larger than platinums.
The GST it attracts from dealers is also a put-off.
Platinum behaves more like an industrial metal, so if global economic activity collapses then platinum may too (as it did in 2008). Personally I haven't bothered with these metals as they are not as liquid as gold (or silver).
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