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View Full Version : Platinum breaks $2000



Venturer
02-13-2008, 01:15 PM
Break out the Champagne!

http://www.bloomberg.com/apps/news?pid=20601012&sid=aD2YI7s2yVgk&refer=commodities

wrestlingbulls
02-13-2008, 03:17 PM
one thing for sure is that gold can't and won't keep up platinum.

Refiners Fire
02-13-2008, 05:18 PM
sure wish I knew about this metal 5 years ago ;(

Platinum Spot = $602.00

gold stacks
02-13-2008, 05:29 PM
this is the only metal out of the big four that have severe supply shortages. We may even see the plat/gld ratio go 2.5:1 or 3:1...

Many missed this boat so you have real supply/demand economics as well as the new money and speculators flocking to this metal. While none of us probably have any rhodium, this could be the next best thing from our perspective. Is it possible that 2000.00 platinum is actually cheap?? Is it possible that we add another 50% within a year or so and that platinum would be 3500 an ounce???? I dont have any answers nor any real perspective as I didint even think I would see 2000 any time soon so I have no direction. I just dont understand this as.. My reading/education is all about the gold. I only have platinum and palladium to round out the porfolio.. I never thought it would be such a big gainer for me % wise..

metalbone
02-13-2008, 07:54 PM
I don't have any Pt, but for you folks that do, Congratulations!!!!

nevadagold
02-14-2008, 01:13 AM
$2000 on the bid.. Sweet

My earlier target my very well be conservative I suppose. Golds $1000 should be on the way too, more patience is required..

Malamute
02-14-2008, 03:43 AM
Um.... yay!

Platinum kinda surprised me these last few years i must say. I am guessing we arent going to see much pullback from this anytime soon.

Today is a good day to be a white metal kinda guy/gal. :cool: