Platinum
This a big buy opportunity for Platinum.
If I am correct, we are close...but not quite...at a cyclical bottom for PM's. This could lead to roughly 1200$ platinum, 22$ silver...1400$ gold. All of these represent great buying opportunities.
So long as platinum is below gold, platinum and silver should be the focal points of accumulation.
I'm fairly comfortable with a call for 2200$ platinum 6 months from now.
Last edited by Seraphim; 01-01-2012 at 02:11 PM.
Jim Rogers saying 1200-1300$ gold he's a major buyer, that is quite telling:
http://www.youtube.com/watch?v=lLI6PTSAc7Y
I prefer gold because I know the central banks are "behind" it. Same with silver. Has platinum ever been used as money?
I hear ya.
Just giving a different perspective. Is platinum riskier than gold in my view? Yes. Is there more upside potential? Yes.
Originally Posted by cubical
In the Firefly universe.
give me the details on platinums industrial numbers - % used for investment vs industrial
I know that platinum is used alot in automobile catalytic converters and that South Africa is the largest producer.
Explain why platinum dropped so much in 2008 especially in comparison to gold?
Do you have any documented predictions so that we can evaluate your track record.
I'll buy more silver as it continues to drop. Will also buy more gold if it keeps dropping.
This always happens during an election year in which they like the incumbent. The dollar miraculously strengthens. Gas and food prices go down, the stock market goes up.
Of-course the Euro being on the verge of collapse cant hurt.
The web site that came from said 80% of industrial use is for cats. If I had to guess, I'd say that the price drop in 2008 came from plummeting auto sales.
In deflationary scenarios such as late 2007 and 2008, speculations are the among the first liquidated assets. Because of its industrial use as a % of total demand, platinum has a higher level of speculation in it's market, than gold.
Platinum also tends to carry a premium in relation to gold when priced against each other. This has been a trend for a while. I think that trend will re-emerge and perhaps do so with abrupt force (I.e gold goes up, platinum goes up A LOT and overtakes the price of gold).
Total supply of platinum is MUCH lower than gold and it's controlled by 2 nations (Russia and South Africa equal 90% of all global production).
Even if industrial demand drops off or has a short term crash...the amount of available platinum and it's year in year out supply are so low...that buying the low times on platinum is the smart thing to do - most notably if your investment timeframe is medium to longerm.
This is a cyclically low time for platinum. Pulling the trigger on a physical platinum position at this point is a GO in my books - it may go down a bit further...either way it's currently in an accumulation zone to me. Ditto for silver. Silver may be easier if you are paycheck to paycheck...but if you have some lumps of cash...half platinum half silver is a good idea at this point from my perspective.
The flight to hard assets is on. Everywhere in the world.
Last edited by Seraphim; 01-02-2012 at 02:45 PM.
Just what I post here and the results of my own actions.
Take it or leave it, to be honest.
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