"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen." - Samuel Adams
hard to find any platinum without a huge premium. ive read that prices are down due to automakers cutting production. no matter what the reason seems like a good time to get a little.
My reading of history convinces me that most bad government results from too much government. Thomas Jefferson
You guys got me thinking so I dug up some stuff and in conclusion I say sell 1/3 of your gold and buy platinum when it hits a ratio of 1, repeat when/if it hits a ratio of 1.15 and once more when/if it hits 1.3. Once the ratio hits 1 or higher platinum tends to out peform gold over the long run (plan on holding the platinum for 10 years or so for at least a double). The ratio now is .88. It may look cheap but it is too soon to buy if we are on the cusp of a long recession as I suspect. It is fairly rare that the ratio goes to 1 or higher (gold more expensive than platinum), but it does happen. So wait and pounce! IMHO
wow! platinum price is low compared to gold.
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Posted - 10/15/2008 : 09:06:55
