One of these kids is not the same.
Platinum 5 year
Silver 5 Year
Palladium 5 Year
Gold 5 Year
What do you think? Is gold going to fall to meet it’s historical relationship to other metals, or will the other metals rise?
Can you believe that platinum is priced on parity with Gold?
The other three are industrial metals with manufacturing uses. oooops, all 4 are ndustrial metals with manufacturing uses. Glod goes down.
I don’t hold any more gold, I sold out some months ago. I have no idea where it goes. It’s impossible to predict in a bubble.
Either other precious metals need to go up about 70-80% or gold needs to fall about 40-50%. Everything else is back to 2004/2005 prices except for the yellow metal.
Chuck
A couple of things to keep in mind.
Platinum and palladium are used in catalytic converters – cars. With the rapid decrease in automotive purchases/production, the world wide demand for these two metals will have dropped significantly. Silver is also an industrial metal, but not as related to the automobile industry as platinum and palladium.
Gold has significant demand from India and China as jewellry. If you want my opinion on where gold is going, have a view on these two economies and assume gold follows.
Platinum looks interesting as soon as the automotive collapse is finished. It is way below historical prices when adjusted for inflation. I don’t know of any big finds or manufacturing efficiencies while I still see strong worldwide demand. $2250 was insane so maybe it will be the first to return to rational pricing.