Right now, gold costs $180 more per oz. than platinum
Posted: Fri Jun 01, 2012 9:35 am
That's pretty wild.
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Right now, gold costs $180 more per oz. than platinum
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Re: Right now, gold costs $180 more per oz. than platinum
Posted: Fri Jun 01, 2012 10:37 am
I haven't paid any attention to platinum. What's the "normal" spread?
Re: Right now, gold costs $180 more per oz. than platinum
Posted: Fri Jun 01, 2012 12:13 pm
There is nothing normal in the world of investing, but over the last 15 years or so platinum has always been higher than gold, sometimes quite a bit higher.hoost wrote: I haven't paid any attention to platinum. What's the "normal" spread?
There is no magic relationship between the two, but I would say that platinum looks like a buy right now for someone who likes platinum.
Re: Right now, gold costs $180 more per oz. than platinum
Posted: Sat Jun 02, 2012 9:22 am
I definitely agree there is nothing normal; thus the quotes. Is it really that much rarer? I guess I'll just have to do some research. Now you have me curious to know more.
Re: Right now, gold costs $180 more per oz. than platinum
Posted: Sat Jun 02, 2012 10:01 am
What was platinum at (excuse my grammar) when gold was at 1800 an ounce?
Re: Right now, gold costs $180 more per oz. than platinum
Posted: Sat Jun 02, 2012 10:19 am
Typically platinum is higher, but I believe it did dip below gold around that time.dualstow wrote:What was platinum at (excuse my grammar) when gold was at 1800 an ounce?
Note that counterfeit British gold sovereigns were made of platinum at one time (late 1800s) since platinum is somewhat close to gold's density. Undoubtedly platinum was cheaper than gold at that time. Pre-catalytic converters.
