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Plaitinum was higher than gold for years. It is just recently they have reversed. Here is an article from 2014 regarding the trend down.Just doing some casual reading I noticed that Platinum discount to Gold is huge. The production cost for Platinum is also nearly $200 per oz higher than the current price of Platinum which is about $830. Doesn't this set up for inventory depletion and a rise in Platinum prices? Is the speculation for electric cars taking over the only reason for Platinum's historic low? I've never invested in precious metals but I'm thinking of buying some Platinum.
I guess you can't mine for more land but there sure is a lot of it.Land is the best investment you can make in my opinion. Buy a ton of cheap land in remote areas. You might not live to benefit from it, but some day your very comfortable descendants will be talking about all the good great great grandpa Mike did for the family.
Make sure you get the mineral rights included, if you invest in land.I guess you can't mine for more land but there sure is a lot of it.Land is the best investment you can make in my opinion. Buy a ton of cheap land in remote areas. You might not live to benefit from it, but some day your very comfortable descendants will be talking about all the good great great grandpa Mike did for the family.
My question is about Platinum since it's price relative to gold is so low. Also Mac I don't understand your math on gold's annualized return, I would love to dial the clock back and load up on gold!Nope.
Price of gold, per ounce, 1972: $19.39 (OnlyGold)
Price of gold, per ounce, as of today: $1,214.40
Annualized return: +1.85%
No thanks.
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Luckily, I don't have to do the math. There are plenty of online calculators. I don't remember which one I used, but here's one: Return on Investment (ROI) CalculatorMy question is about Platinum since it's price relative to gold is so low. Also Mac I don't understand your math on gold's annualized return, I would love to dial the clock back and load up on gold!Nope.
Price of gold, per ounce, 1972: $19.39 (OnlyGold)
Price of gold, per ounce, as of today: $1,214.40
Annualized return: +1.85%
No thanks.
.
Right I didn't account for inflation. But one more time, the thread is about the CURRENT price of PLATINUM and whether or not CURRENTLY that presents an opportunity or not.Luckily, I don't have to do the math. There are plenty of online calculators. I don't remember which one I used, but here's one: Return on Investment (ROI) CalculatorMy question is about Platinum since it's price relative to gold is so low. Also Mac I don't understand your math on gold's annualized return, I would love to dial the clock back and load up on gold!Nope.
Price of gold, per ounce, 1972: $19.39 (OnlyGold)
Price of gold, per ounce, as of today: $1,214.40
Annualized return: +1.85%
No thanks.
.
I understand the draw of gold, I guess, but a 1.85% return doesn't do much for me.
.
No, that return has nothing to do with inflation. That's just the compounded return on buying an ounce of gold in 1792 (I goofed when I wrote "1972"). +1.85%Right I didn't account for inflation. But one more time, the thread is about the CURRENT price of PLATINUM and whether or not CURRENTLY that presents an opportunity or not.Luckily, I don't have to do the math. There are plenty of online calculators. I don't remember which one I used, but here's one: Return on Investment (ROI) CalculatorMy question is about Platinum since it's price relative to gold is so low. Also Mac I don't understand your math on gold's annualized return, I would love to dial the clock back and load up on gold!Nope.
Price of gold, per ounce, 1972: $19.39 (OnlyGold)
Price of gold, per ounce, as of today: $1,214.40
Annualized return: +1.85%
No thanks.
.
I understand the draw of gold, I guess, but a 1.85% return doesn't do much for me.
.
