I already bought silver and gold coins (no numismatic value just the metal) 9 months ago, and it has gone up. I dont feel gold and silver are still a buy (i could be wrong) but platinum does not seem to have gone up too much in the last 9 months. I was thinking of buying. Do you think platinum is a good buy now? AND why? Also, do you think silver or gold are still good buys? WHY?
2006-12-16 12:47:07 · 2 answers · asked by Anonymous in Business & Finance ➔ Investing
In my opinion I do think platinum is really coming in.It use to be gold,then silver,then it got to be a compo of silver and gold,but now platinum is really popular....It is getting very popular in the jewerly stores,they are now making rings and as I understand it is cost more than white gold....but i think gold and silver will never get out of style..
2006-12-16 12:59:39 · answer #1 · answered by slickcut 5 · 0⤊ 0⤋
I'd choose palladium over platinum right now due to price. Platinum is a necessary element for many technologies such as fuel cells and catalytic coverters. Palladium is replaceable sometimes. I would agree that platinum looks to be in a good spot on the chart. However, in percentage terms platium rarely moves like gold, and never like silver. So, it depends on what you want: a slow mover, or a mover and a shaker. I still prefer silver over all the above.
2006-12-16 21:01:58 · answer #2 · answered by Ryan W 2 · 0⤊ 0⤋