Platinum is cheaper than gold, a freak situation

[tailfins]

I bought just a half ounce last time this happened in 2009 and doubled my money. It has happened again.

http://www.kitco.com/market/



<tbody>


New York Spot Price








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Metals
Date
Time
(EST)
Bid
Ask
Change
Low
High





GOLD (http://www.kitco.com/charts/livegoldnewyork.html)

07/23/2015
17:15
1090.40
1091.40
-3.60

-0.33%

1086.60
1106.50





SILVER (http://www.kitco.com/charts/livesilver.html#ny)

07/23/2015
17:15
14.66
14.76
-0.14

-0.91%

14.51
15.08





PLATINUM (http://www.kitco.com/charts/liveplatinum.html)

07/23/2015
17:15
976.00
981.00
-3.00

-0.31%

970.00
1003.00





PALLADIUM (http://www.kitco.com/charts/livepalladium.html)

07/23/2015
17:15
615.00
620.00
-10.00

-1.60%

612.00
641.00






RHODIUM (http://www.kitco.com/charts/rhodium.html)
07/23/2015
18:00
860.00
960.00
0.00
0.00%



</tbody>

[fj1200]

I bought just a half ounce last time this happened in 2009 and doubled my money. It has happened again.

Interesting. Do you have a good 10-year graph?

[sundaydriver]

I only bought metals once, no Platinum. I still have my 10 1oz. Krugerrand's bought in the mid 80's when it became legal to do so from South Africa. Paid $422 for each.

Palladium interests me as our Vitamin C production process used it as a catalyst in the air oxidation phase. Several years after production moved to China the old building was torn down and $11 million in Palladium was recovered.