Quote:
|
Originally Posted by martinguerre
there's a gold thread here...but i'll say this again. platinum has more industrial use than gold. if you're looking for protection against currency failure, platinum is more likely to hold value as an industrial necessity. gold, to my mind, is just another currency. it's traded enough that the market strongly effects pricing....not instrinsic value as a substance.
|
I have to concure with Martin.
I will add however, that if you are thinking of this as an investment, think twice.
I know that precious metals have been in the news lately, but look at it this way: By the time your broker or the news is talking about it, it old news to those in the know on wall street.
In inner circles on wall street, gold was being purchased back in July, and now what's availible is what those people are dumping back into the market now that the mainstream is getting gold fever.