Quote from: JOE on Today at 02:40:08 PMI don't think yer wrong about Platinum @Lokmar okmeer.
I'm getting interested in dabbling inta it some more.
Go gradually in, eh.
Gold Silver & Platinum remind me a bit of a line in hockey
Left Wing, Right Wing and the Center.
Maybe Gold is a bit like the Center & the two wingers are Silver & Platinum.
Feed the other other & they feed on each other.
Pass the puck to one when it's goin' good & pass it back to the other when theyre movin' u faster. That's what they do in hockey. You getta good line in hockey and of course they can score a lotta goals.
I'm startin ta look into mining stocks and ETFs too.
Anyways, I noticed Platinum is down today so it may be a good buy right now.
I've decided I'll keep all 3 in my metals portfolio & buy 'em when the time is right.
Mind you, Gold is too expensive now. It's shot up to much. Heck the price of Gold in US dollars is very close to where it was in CANADIAN dollars last year. $2500 US for an ounce of gold. Last year in Canada you could get that for $2600-$2700 CANADIAN. Not anymore tho. That's when I bought most of it.
So..at the current price of Gold, Silver & Platinum seem ever more attractive ta buy into.
May as well buy Platinum if you can get 2.5 ounces of it for every ounce of Gold
I see it like this:
Gold is real money. It's the king of metals. It also has real world industrial use
Platinum is even more rare but it isnt real money. Its value to industry is huge and its value is demand driven. It behaves the opposite of gold.
Silver is the middle ground. It is money and industrial in balanced amounts. It can and has been more easily manipulated because the money people dont value it as much as gold and the industry people are interested in keeping its price down for their bottom line.