Quote:
Originally Posted by Mrmusicrecorder
I sold my entire platinum position @ $1825 (I sold 50% @ $1725) and my palladium @ $800. I have targets for gold and silver but selling my core position of bullion and/or gold and silver miners would depend on a whole lot of macro issues.
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?
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.
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. I believe they are supposed to be much much rarer than gold (well platinum anyway) plus they both have industrial uses.
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. Won't that necessarily mean higher platinum & palladium prices?
Those two metals seem to be being ignored at the moment by masses & mass media, but why? Similarly, rhodium is a metal I'd really like to buy, but I have never found a way to invest in rhodium bullion.