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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
 Posted - 05/21/2010 : 11:05:21
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here is my 2 cents.
platinum and palladium are precious metals like silver and gold.
the articles for silver and gold apply to them, but less strongly becuase they have been used as money only recently. also, because the market for them is smaller.
they are more like silver than gold in that the demand for them is primarily industrial. demand is primarily auto and technology. market has fallen off a cliff because of short term fears of a global collapse.
in the long run, there is likely going to be a lot of people in china and india buying cars so its a good bet. but i'd wait for the bottom to solidify before getting in.
i think platinum is a bit riskier than palladium with less upside. palladium can be substituted for plat in many applications, so i expect the plat to pdm ratio to compress over time.
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Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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Platinum Valuation and Volatility
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