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Global Investors Turn Platinum Over Gold
businessinsider ^
| Jan. 25, 2010
| Vince Veneziani
Posted on 01/25/2010 9:24:12 PM PST by Jet Jaguar
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To: Jet Jaguar
Hmmm... I’ve been thinking about silver these days.
2
posted on
01/25/2010 9:29:17 PM PST
by
Trajan88
(www.bullittclub.com)
To: Trajan88
I've been thinkin hot lead and cold steel .
3
posted on
01/25/2010 9:31:15 PM PST
by
kbennkc
(For those who have fought for it , freedom has a flavor the protected will never know F Trp 8th Cav)
To: Trajan88
Same here. I have enough lead stocked up.
To: Jet Jaguar
The play with platinum is its use in catalytic converters and other high-temperature and high-tech uses. Gold remains a monetary metal; personally I think it will go higher by the end of the year.
Better to buy some of each, just to be safe.
5
posted on
01/25/2010 9:35:17 PM PST
by
ikka
To: Jet Jaguar
Bloomberg: Even after a record 57 percent rally last year, platinum is cheap relative to gold, uumm Platinum is ~$1550 an Ounce, Gold ~$1100
As inflation moves lower and the dollar goes higher, gold isnt as solid.
uuummmm WHAT????????
Let me guess, every month this guy finds the unemployment numbers "Unexpected" and actually believes we are in a recovery.
That being said, I did buy some Platinum Eagles awhile back, they probably are the most beautiful coins ever made.
6
posted on
01/25/2010 9:35:51 PM PST
by
qam1
(There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
To: ikka
Besides catalytic converters, what other things is Platinum used for? Electronics?
7
posted on
01/25/2010 9:36:27 PM PST
by
ak267
To: Jet Jaguar
Fine, go long platinum if you buy this whole recovery narrative, but short gold? Look, if the SHTF or we start seeing sovereign debt defaults (Greece, for starters), and the EU fracturing, people are going to pile into what metal?
To: Jet Jaguar
I started moving from stocks to platinum in mid-2007, after the Dems took Congress, and I am damn glad I did.
9
posted on
01/25/2010 9:40:58 PM PST
by
tcrlaf
(Obama White House=Tammany Hall on the National Mall)
To: qam1
Bloomberg: Even after a record 57 percent rally last year, platinum is cheap relative to gold, uumm Platinum is ~$1550 an Ounce, Gold ~$1100
Of course that's cheap relative to gold, just look at their respective worth in Dungeons & Dragons! ;)
10
posted on
01/25/2010 9:46:05 PM PST
by
Styria
To: ikka
Catalytic converters apply to gas-burning vehicles, which will be a decreasing share of the market when the Chevy Volt/Tesla come into production.
To: research99
“when the Chevy Volt/Tesla come into production”
What about after they fail?
Is there a lithium market?
To: ak267
Platinum has a high melting point, so it is often used in applications like temperature probes that need to have a melting point higher than the heat generated.
See http://en.wikipedia.org/wiki/Platinum under "Applications" for more info.
13
posted on
01/25/2010 9:53:54 PM PST
by
ikka
To: ak267
Google “platinum uses” and you will find lots of stuff. Yes, electronics; also chemical catalysts other than automotive, jewelry, medicine, thermocouples, hard drives, spark plugs, and on and on.
To: research99
I can't speak to when the Volt will be in production, AND when it will be a significant number of new cars on the road.
With millions of cars sold per year worldwide, the projected 40,000 to 100K of Volts sold per year would still be a drop in the bucket.
15
posted on
01/25/2010 9:56:17 PM PST
by
ikka
To: ak267
what other things is Platinum used for What kinds of metals will be needed to build mosques all over this country after the dhimitude ? That could be the way to get in front of this thing .
16
posted on
01/25/2010 10:01:45 PM PST
by
kbennkc
(For those who have fought for it , freedom has a flavor the protected will never know F Trp 8th Cav)
To: tcrlaf
Did you get the advice from an investment letter or did you decide this on your own?
17
posted on
01/25/2010 10:12:56 PM PST
by
edboock
To: edboock
On my own...
Platinum is a high manufacturing demand metal, and stays high.
It’s not as volatile as gold, either.
18
posted on
01/25/2010 10:30:12 PM PST
by
tcrlaf
(Obama White House=Tammany Hall on the National Mall)
To: Jet Jaguar
Heard the Palladium/Platinum ETF pitch/piece on Bloomberg Radio today. The guy was hyping these ETFs, saying how these metals are required for the different types of catalytic converters... and was saying that even with a depressed US automobile market, outlook should include growth in the China domestic automobile market.
I was screaming at the radio... the big demand for these precious metals is MERELY FOR LEGAL COMPLIANCE.
I doubt Chinese cars have MUFFLERS, let alone CATALYTIC CONVERTERS.
19
posted on
01/25/2010 10:34:26 PM PST
by
Rodamala
To: kbennkc
I've been thinkin hot lead and cold steel .
Might wanna invest in rope futures and lighter fluid. I think theres going to be a big demand on those as the people surround D.C.
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