[quote=flu]Back on topic…So you folks feel gold, silver, platinum is moving higher or are we about done with the volatility?
I’m looking at platinum prices and things really haven’t taken off on platinum yet. Historically, the spread between gold and silver hasn’t been that much and there hasn’t been too many times in the past where 1 ounce of platinum is less than 1 ounce of gold…
Platinum’s industrial use (aside from jewelry) is in the catalytic converters for gasoline engines…
Palladium on the other hand is used in the emissions system of diesels, and I’m not aware of a jewelry/consumer use.
Platinium sells for about $130-140 above spot prices. But it’s also still one of those coins eligible for ebay 8% bux rebate offers, meaning if you wait, you can get them for about $100 off, or $30-40 above spot….
Gold on the other hand, you can find $20-30 above spot, but dealers have been pulling gold from the ebay bux rebate offers….Plus, I’m not convinced gold can hit $1400/ounce anytime soon.
I just came home from the gym to find a 15-20lb bag of junk silver and a tray full of a couple ounces of junk gold sitting on the counter. That means my wife is thinking about going to see her guy. It’s nowhere near a significant piece of her holdings, (I think there’s about 40 similar bags of silver) but she usually sells a bit when she think its somewhere near a short term high. She’s in looking at her charts now. If she comes out with a conclusion I’ll pass it on.
Edit added: She put it all away. She not sure it’s going higher.
