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Where's Platinum Heading ?

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On 02/04/2021 at 13:14, Pete said:

I keep checking Platinum for an opportunity to add some but when I look at this chart I get kind of nervous as no-one knows what is on the righthand side ...

If you come across anyone who does know what is on the right-hand side, let me know, we can offer him/her a great job as an analyst, with fabulous bonuses, and free holidays in my Monaco mansion (which I have not bought yet), or my $1 billion superyacht (ditto).

On a more serious note, try looking at a 20 or 30 year chart, if you can find one.

Also look at the Gold:Platinum ratio. For most of the time I can remember, back to the 1960s, platinum tended to be priced higher than gold, on anerage by about 5% to 10%. Since 2011, platinum has been lower than gold. So, before 2011, most of the time Gold:Platinum was less than 1.000

Currently it is 1.432; about a year ago, it was briefly as high as 2.20 at which platinum was ridiculously cheap compared with gold.

My medium/long term "target" for it is 1.000 again, although I would probably go "neutral" when it get to about 1.100

In other words, I expect platinum to be close to parity with gold.


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On 02/04/2021 at 13:53, Spark268 said:

There's a reason why both the Gold and Plat brit's both have a nominal value of £100.

Sure, the Royal Mint needed to think of a number.

It harldy mattered what number, as long as the face value was never likely to exceed the intrinsic.

Don't read too much into both nominal values being £100.

You could try asking the RM, but I doubt anybody there actually knows why, and if they did, they probably would not tell you.


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