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Originally Posted by Pride of Cucamonga
did you sell because your target sell price was reached & you wanted to lock-in profits, or did you simply sell Plat & Palladium & put that money into gold &/or silver because you thought the upside to those metals was greater than the platinum metals?
Profit taking based on a previous target.
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I haven't bothered to figure out what the historically ratio is between gold & platinum over the years, but I'm guessing it's significantly higher than it is currently.
It is actually not.
1792-2002 mean GSR ratio is 31.32, we currently have a GSR of 44.02.
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Perhaps it's folly to fight the herd (or is it genius?) but gold & silver are ripping it up, but not so much platinum/palladium.
Well palladium gained over 100% in two quarters. I don't want to go too much into platinum and palladium itt.
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Earlier in this thread (or maybe the gold thread over in economic forum) someone mentioned the affect that billions of Chinese & Indians would have on metal prices as populations in those countries moved from poor>middle class & middle class>rich. As their wealth increases their standard of living & wants / needs will increase, meaning they will buy more stuff, more cars, computers, cell phones, etc.
China's platinum imports go up 40% while silver imports increase 400%.
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Won't that necessarily mean higher platinum & palladium prices?
Study the pressures on the three metals, past present and future.
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Those two metals seem to be being ignored at the moment by masses & mass media, but why?
When is the last time you ever heard the mass media giving solid coverage on platinum and palladium? Uranium prices? I don't think that particular logical connection is very significant. But I wouldn't mind taking a position again in Pt or Pd if things changed and I currently have a large position in uranium miners/producers/explorers.
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Similarly, rhodium is a metal I'd really like to buy, but I have never found a way to invest in rhodium bullion.
Pool accounts is an option if you have some gambling money, there aren't any rhodium mines but (believe it or not) you can buy physical rhodium but I have noticed the premiums being a little rough.