Content on the Daily Paul is the opinion of the original poster, not necessarily of the Daily Paul, its owner, moderators or Ron Paul.

Gold Tops Platinum !

Submitted by The_TSA_Is_A_Fraud on Tue, 08/09/2011 - 14:12

Daily Paul Liberty Forum

Ratio is 1.01 today. Absolutely amazing.
Good thing Bernanke says that gold isn't money. Otherwise, there might actually be a demand for it.

http://www.kitco.com/charts/liveplatinum.html

http://www.kitco.com/charts/livegold.html

Update - Kitco Article:

The sharp rally in gold lately has carried the price of the yellow metal higher than platinum for the first time since late 2008.

Some analysts say this phenomenon could show up for a number of months, although by early Tuesday afternoon, gold had pared its earlier gain and platinum regained its normal upper hand, although not by much.

“The same macro concerns that are weighing upon the industrial demand for platinum are driving gold-investment demand and in turn prices to new highs,” said Suki Cooper, precious-metals analyst with Barclays Capital.

http://www.kitco.com/reports/KitcoNews20110809AS_gold_platin...

Update

Submitted by The_TSA_Is_A_Fraud on Wed, 08/10/2011 - 09:29. Permalink

Kitco Article:

http://www.kitco.com/reports/KitcoNews20110809AS_gold_platin...

Gold is closing in on Rhodium

Submitted by Miguel on Tue, 08/09/2011 - 15:24. Permalink

Gold is closing in on Rhodium as well

Gold/Plat thing

Submitted by mwiegand on Tue, 08/09/2011 - 14:36. Permalink

what does it mean? Has it happened before?

Thanks for replies

Submitted by mwiegand on Tue, 08/09/2011 - 16:00. Permalink

guys. Been asking around and those who are into that thing say it's really wierd but within the realm of possiblity and they don't really know that it "means" anything but one guy said "people have been buying alot of gold lately".

Yeah it has

Submitted by mrbengal on Tue, 08/09/2011 - 15:14. Permalink

In January '09 it did but then Gold was around $900 and Platinum had fell a dollar or two below that for a day or two (which I took advantage of :). That's the only time I've seen it happen watching precious metals prices since 2005ish. Like someone else said Platinum is usually 1 1/2 to 2 times the price of gold.