Here's a great article from Willem Weytjens of www.profitimes.com on the ongoing discount of Platinum vs Gold.
As the author mentions in the article, platinum may not be cheap at the moment but it certainly appears to be undervalued vs Gold
http://profitimes.blogspot.
Here's an excerpt from his article.
As the author mentions in the article, platinum may not be cheap at the moment but it certainly appears to be undervalued vs Gold
http://profitimes.blogspot.
Here's an excerpt from his article.
"""These
days, gold is trading near all-time highs, while platinum is trading about $700
below its all-time high reached in 2008.
Since 1972, Platinum traded at about 1.35 times the price of Gold on average. Right now, Platinum is even cheaper than gold, trading at only 0.92 times the price of Gold. As we can see in the chart below, this is a rather “rare” situation. It only happened in the early 80′s and for a short time in 1974. In 1972, 2000 and 2008, it even traded as much as 2.30 times the price of Gold (monthly basis).
Since 1972, Platinum traded at about 1.35 times the price of Gold on average. Right now, Platinum is even cheaper than gold, trading at only 0.92 times the price of Gold. As we can see in the chart below, this is a rather “rare” situation. It only happened in the early 80′s and for a short time in 1974. In 1972, 2000 and 2008, it even traded as much as 2.30 times the price of Gold (monthly basis).
Based
on this ratio over the last 40 years, we can say that Platinum is “cheap”
relative to Gold.""""
Watch this space!
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