If you had to choose between gold, silver platinum or palladium, which one would you buy right now and why?
2006-12-17 12:51:56 · 7 answers · asked by Anonymous in Business & Finance ➔ Investing
PLATINUM....
since, per ounce of
PLATINUM - $1100.00
GOLD - $614.60
2006-12-17 12:59:56 · answer #1 · answered by prad 3 · 0⤊ 0⤋
I would buy platinum out of the 3 choices, but the precious metal that I would invest in for getting maximum returns in the Indian stock markets would be ZINC.
2006-12-17 20:40:22 · answer #2 · answered by pranesh r 2 · 0⤊ 0⤋
I would buy one of the metals available as an exchange traded fund on the stock market which is backed by the actual metal.
One is for Gold--the symbol is GLD. There is also one for silver, but I don't remember the symbol. You can get further information at Yahoo finance.
http://wwwtaxman.blogspot.com
2006-12-17 12:56:59 · answer #3 · answered by Anonymous · 0⤊ 0⤋
If I had to pick one I would go with Gold as it get's all of the "hype", and hype is what drives prices up. It was on it's way to $1000.00 and it would be my bet it will get there in the next few years.
Myself, I buy Vanguard precious medals fund.
2006-12-17 12:57:28 · answer #4 · answered by Wesleystock 2 · 0⤊ 0⤋
Platnium, because it's going to be needed for hydrogen run cars and generators. Hyrogen flows over platnium plates to create electricity. That's why hydrogen generators with no moving parts cost 5 times more than a gas powered generator with moving parts.
2006-12-17 14:32:48 · answer #5 · answered by gregory_dittman 7 · 0⤊ 0⤋
gold. IAU is an etf that holds only physical gold. Indian & Chinese demand pushing it up while car woes (catalytic converters key use) limit Platinum.
2006-12-18 01:13:08 · answer #6 · answered by vegas_iwish 5 · 0⤊ 0⤋
Silver will always produce a better return percentage wise due to the volatility.
2006-12-17 14:09:32 · answer #7 · answered by Ryan W 2 · 0⤊ 0⤋