Jump to content
Nugget Shooter Forums

Recommended Posts

As of right now, gold ($837.80) is higher than Platinum ($833.00). I do not believe that I have ever seen this before. I know Pt took a dive after the auto bailout was voted against, maybe due to less demand for catalytic use... strange

Link to post
Share on other sites

Hey El Dorado Steve, Today I received the gold jewelry work you did for me...Beautiful craftsmanship and incredibly fast service and good pricing too!... Thank you very much for such a quick turnaround on a very important gift... I'll be sending you more gold nuggets for jewelry making....Happy Holidays to you and yours...Cheers, Uncle Ron

Link to post
Share on other sites

Strange. I dont think it has ever happened before. doomsday guys with the big bucks buy gold i guess. The ones I know buy silver. :confused0013: You see the same disconnect in the summer 2001, gold was$270 and holding, platinum plummeted to $450. Looks like a good time to sell gold and buy platinum, who knows though, maybe golds going to $1500

Carl

Link to post
Share on other sites

I think the run-up in AU vs. PT is driven somewhat by super rich folks trying to find secure ways to park their money. In other words, as they bail out of a scary stock market they have limited "safe" options (banks not being one of them because FDIC insurance is limited to the low 6 figure folks whereas I'm referring to the 9 digit and up guys). They can park it in T-bills at virtually no interest (and zero risk as T-bills are guaranteed for full value) or they can buy into gold. Holding so much gold carries some risk, but I think the long term gamble is that it is not going to go down much and in an extreme depression scenario will be preferred over paper currency. The possible bankruptcy of GM and Chrysler means PT will not likely be in great demand for a while. Nor is it so universally recognized as gold or silver as a medium of exchange within the financial world. Copper also has taken a very big nosedive. Note that the AU/AG ratio has been fluctuating between the mid 70s and mid 80s for about a month now.

Link to post
Share on other sites

:grrr01: I wish someone would tell the "midnight auto parts" that pt. isn't worth as much as it used to be.That I know of,we've been hit 6 times with someone cutting the catalytic convertors off parked cars.Just last night a car was hit for the convertor in our front parking lot.I wonder how much "time" I would get for peppering a backside with bird shot??? :PO2:

Link to post
Share on other sites

Hello again, everyone.

These are certainly strange times that we are living in. It wasn't too long ago that platinum was two or three times the price of gold. I understand that the lower price of platinum is in part caused by the reduced demand from auto production but some folks are saying that the prices of all precious metals are being artificialy held down to prevent a panic by the public. We shall see.

Cheers, lvlagnum.

Link to post
Share on other sites

The higher Gold, Silver, Platinum go, the less the dollar is worht, so I think the gov. has alot to do with it. Also I saw on the news, there trying to promote the new dollar coin, as they want to do away with $1 dollar bills, cost them more to make and replace, also they said the dollar coin could be 100% recycled. Grubstake

Link to post
Share on other sites
The higher Gold, Silver, Platinum go, the less the dollar is worht, so I think the gov. has alot to do with it. Also I saw on the news, there trying to promote the new dollar coin, as they want to do away with $1 dollar bills, cost them more to make and replace, also they said the dollar coin could be 100% recycled. Grubstake

OH God, here comes all the commercials about the "new Coin" and how you want to get yours first!

Makes sense though eh?

I have longed to find a 20 dollar gold piece with my Gold bug!

Link to post
Share on other sites
:grrr01: I wish someone would tell the "midnight auto parts" that pt. isn't worth as much as it used to be.That I know of,we've been hit 6 times with someone cutting the catalytic convertors off parked cars.Just last night a car was hit for the convertor in our front parking lot.I wonder how much "time" I would get for peppering a backside with bird shot??? :PO2:

Well I assume you are joking about the birdshot in the backside... but in case you are not... Grandpa always used to unload the birdshot and replace it with rock salt for all the vandals...

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...