Gyroscopic Investing

Just a couple weeks ago platinum was selling for about a $100 below the gold price.  Today I see platinum is now selling at a higher price than gold.  That's a pretty nice rise. 

If one is a momentum player this might be a good time to buy.  Not sure why it's rising though - the trillion dollar coin perhaps though the idea this would drive up platinum seems kinda nutty to me.

FarmerD wrote: Not sure why it's rising though - the trillion dollar coin perhaps though the idea this would drive up platinum seems kinda nutty to me.

Although the idea of a giant trillion dollar platinum coin is hilarious, if the coin were actually minted it would probably be small enough to fit in your pocket. They would just stamp "one trillion" on it and call it good. Making it out of platinum is just a way of exploiting a loophole in the law.

melveyr wrote:

FarmerD wrote:
Although the idea of a giant trillion dollar platinum coin is hilarious ... They would just stamp "one trillion" on it and call it good...

Isn't it?! I read about that trillion dollar coin thing in the news and was pretty much Is this how far we've sunk? Really?! That we're actually discussing this as being potentially rational and viable? It made me want to hurl.

melveyr wrote:

FarmerD wrote: Not sure why it's rising though - the trillion dollar coin perhaps though the idea this would drive up platinum seems kinda nutty to me.

Although the idea of a giant trillion dollar platinum coin is hilarious, if the coin were actually minted it would probably be small enough to fit in your pocket. They would just stamp "one trillion" on it and call it good. Making it out of platinum is just a way of exploiting a loophole in the law.

I picture the $1T coin being sort of like the Zimbabwe one hundred trillion dollar bill I have on my desk. 

Of course The Simpsons has already covered this ground with the Trillion Dollar Bill episode:

Mr. Burns wrote:Well, if it's a crime to love one's country, then I'm guilty. And if it's a crime to steal a trillion dollars from our government and hand it over to communist Cuba, then I'm guilty of that too. And if it's a crime to bribe a jury, then so help me, I'll soon be guilty of that!