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If you are investing long term (more than a year) I would recommend some Pt but not to the exclusion of silver which is also an excellent buy at $18. Gold is probably overbought now though I am confident that we will see $1600 this year and continuously higher prices for several years to come. Platinum historically sells at a premium to gold so today’s low price vis a vis gold is unprecedented. Also, I like it’s scarcity and geopolitical risk.Quote:
Originally Posted by monty
Au already hit $1610 last night around 7:30 ET https://goldprice.org/ Maybe U meant $1800? I'd bet on that this yr... prolly by "...sell in May and go away..." time.Quote:
Originally Posted by mamboni
Pd spurted up to $2165 this past hour (via kitco; goldprice.com says $2149 peak)
hourly chart going back ~5 days https://www.tradingview.com/x/ssKtDwfw/
Thanks. I have been reluctant to by more silver since it has been above $16. I bought most of my silver between $5.00 and $12.00. $18 had me spooked. I don’t have platinum, perhaps I will put a little money in Pt. also.Quote:
Originally Posted by mamboni
100 year gold to silver ratio
https://www.macrotrends.net/1441/gold-to-silver-ratio
Silver is no longer in our coins and no longer used in photography. Mostly just in mirrors and electronics...Quote:
Originally Posted by monty
To Lynette you listen young argentopaduan!!!Quote:
Originally Posted by monty
https://www.youtube.com/watch?v=BYzFpXe1xCU
buh-bye $2,200 :o $2,207.50 as I type, https://www.tradingview.com/x/eFx6MDwY/
Pd is amazing. Higher than gold and platinum, and by a lot. Something must be happening behind the scenes. China deal should drive it even higher.Quote:
Originally Posted by PatColo
Remember boys and girls- gold is a barbaric relic, and palladium is an auto-catalyst.
" Palladium hit a record high of $2,191.60 an ounce, and was on track for a ninth straight session of gains. The auto-catalyst was up 2.7% at $2,189.77. For 2020/21, "we forecast heavy structural supply/demanddeficits for palladium," James Steel, chief precious metalsanalyst at HSBC, wrote in a note. "Likely robust automotive demand will help keep the markettight. Tighter emissions regulations globally imply heavierpalladium auto catalyst loadings.""https://uk.reuters.com/article/globa...-idUKL4N29J3K2