Disclosure: I own some physical gold. The value of platinum depends on supply and demand while that of gold relies heavily on investor sentiments. The supply of platinum is much lower vs that of gold. SCI-SCV, SCA-SCC: Super Cycle Any investment decision that results in losses or gains made based on any information on this site is not the responsibility of PUG. So in other words, the blue line is Commodities vs Stocks. Enter your email address to follow this blog and receive notifications of new posts by email. So do its prices. Dozens of countries including China, the US, Australia, India, Canada, and others produce the yellow metal. The yellow metal also has applications in dentistry, electronics, and aerospace industries. For centuries, platinum has been considered a higher symbol of value and quality, primarily because it’s rare and more difficult to mine. The Federal Reserve cannot print more of them. MoneyShow. Both gold and platinum have their own unique qualities. The shiny white metal is considered a strong symbol of value and quality. [1]-[5], [A]-[C] : Major [caption id="attachment_656139" align="aligncenter" width="400"]. 551: 山師ãã (ï½½ï¾ï¾ï½¯ï½¯ Sd81-2ZBO [110.163.11.106]) 2021/02/11(æ¨) 19:19:26.49 ID:jpuLOHOJd If the economic and political conditions are stable, the industrial demand for platinum shoots up. Or the two countries could join hands to artificially inflate the platinum prices. They are tangible assets with intrinsic value. Sometimes gold trades at a premium to platinum, and sometimes the white metal commands a premium. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. Central banks also store gold in their official reserves because of its perceived value as an alternative currency. It’s relatively less volatile than platinum. A supply issue in one country is unlikely to have a huge impact on prices worldwide. The CRB Index has a heavy weighting in Oil and Energy, so look how both of these reversed at the exact same time, AFTER Crude Oil traded below zero. Unlike gold, platinum is highly malleable. Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights from the prior week gives them an edge over the coming weeks. But there are factors that affect each precious metal independently. Primary Count: A 10g gold coin will still be a 10g gold coin even after years or decades. According to US Funds, worldwide gold production stood at 3,332 tonnes in 2018 compared to just 165 tons of platinum. The Head is at 166.03, the neckline is at 183.11 and the target is a new all-time high at 200.19. In times of poor economy, demand for vehicles, turbine engines, and heavy machinery declines. The content on this blog (PUG Stock Market Analysis, LLC) is provided as information only and should not be taken as investment advice. Both gold and platinum are precious metals, but there are factors that independently affect each of them. Historically, the ratio has been below 1, meaning the price of platinum has been higher than gold. A potential bullish Inverse Head and Shoulders (IHS) pattern has formed on the Gold ETF GLD. GLD has reached the right shoulder target area of 175 of the potential bullish IHS. This entry was posted on January 12, 2021 at 4:04 pm and is filed under GLD, IWM, Premium, QQQ, SP-500, Video. Gold is the granddaddy of precious metals, at least from an investment perspective. Gold prices go up when there is an economic crisis or slowdown as investors run to the safety of precious metals. Sorry, the comment form is closed at this time. As of this writing, platinum is trading at $986.31 per ounce vs gold’s spot price of $1,568.40. The automobile industry relies heavily on platinum to make catalytic converters for cars, buses and trucks to reduce emissions. MarketWatch. Yahoo Finance Video. Over the long-term, gold and platinum tend to move in the same direction. Invest in Gold by Purchasing Stock in Gold Miners. But currently, the ratio is around 1.6, which means platinum is cheaper and more attractive. Got the top open in Model S for the first time in…, I re-watched Christopher Nolan’s multi-time frame threading master piece “Dunkirk” last night. PUG is not a licensed investment adviser (advisor) or commodity trading adviser nor is licensed as such with any federal or state regulatory agency. The right should appears to be setting up now that should hold above the left shoulder at 174.47. What Reddit vigilantes get wrong about the 2008 financial crisis. But other precious metals such as platinum and silver have their own place in a savvy investor’s portfolio. redditè¦ã¦ãã¨SNDLå¼ãä¸ãã¦NVCNã«ç§»ãã¿ãããªæµããã ãã¬è¦ãã¨NVCNä¸ãã¦ããããªã®ã¯ç¢ºã 塩漬ãã®æ ªãããããã¾ã æãåºããã . Tagged: Chart Pattern Recognition, Gold Technical Analysis. The ideas expressed on this site are solely the opinions of the author (PUG) and are for entertainment purposes only. Iamgold is down more than 10% to start the new year and continues to be one of the worst-performing stocks in the sector. Investment opportunities arise when there are divergences in the gold-platinum ratio (price of gold divided by price of platinum). Nevertheless, this failed attempt to "squeeze the shorts" in silver emboldened gold bears to make another attempt to run the stops in the safe-haven metal below $1800, while the huge U.S. dollar short position has begun to unwind. Since gold is a store of value, its price depends less on the laws of supply and demand, and more on the sentiments of individuals and institutions hoarding it. List to compare most popular cryptocurrency exchanges and where to buy/sell Bitcoin, Ethereum, Monero, Litecoin etc Though it serves as a hedge against inflation, it doesn’t have growth potential. During unstable economic conditions, they rush to buy gold, which pushes its prices higher. Both comments and pings are currently closed. In this gold vs platinum comparison, let’s check out which precious metal is a better investment and why. P1-P5, PA-PC : Primary You must agree to the Terms of Service (TOS) and make a payment via a credit card Buy Now link or check in the mail. And that’s where platinum becomes unreliable. It causes platinum prices to fall. You can invest in gold by purchasing jewelry, coins, bars, bullion, derivatives, futures contracts, and gold ETFs. At times, PUG will analyze the technical structure (chart) of various stocks or financial markets, but he is in no way compensated by the companies he analyzes either in reports or daily commentaries. Love the British Spi…. So, its value depends on the laws of supply and demand rather than the sentiments of investors. GLD could back-test the down channel break-out near 176 to form the right shoulder. The gold-platinum ratio not only helps us understand the relationship between the two, but also offers clues as to the market sentiment. They both trade in over-the-counter and physical markets around the world. This entry was posted on January 6, 2021 at 11:06 am and is filed under GLD. Post was not sent - check your email addresses! Platinum is cheaper than gold if the ratio is above 1, and vice-versa. Unfortunately, the company's project portfolio is made up of ⦠MarketWatch. It’s also far more difficult to extract than the yellow metal. By November 2008, it had tumbled to $774. Summary. It behaves like other industrial metals such as silver and aluminum. The Head is at 166.03, the neckline is at 183.11 and the target is a new all-time high at 200.19. White/Green (Bull Market) Others pointed to a separate Reddit thread suggesting hedge funds stood to gain the most from silverâs surge. Another aspect to consider is that only two countries – South Africa and Russia – produce platinum.
Davidson County Chancery Court Cia, Tesla Factory Dress Code, Captain Beatty Quotes, Muha Employee Benefits, Gp14 For Sale Scotland, Dolphin Test Controller, English Spot Bunny,