Take a look at the following charts and you will see a potential opportunity in Platinum. The first point I would like to make is that Platinum has tended to follow Gold & Silver over the last year. You will notice that Platinum hit a high of over $2,250/oz in March and has since corrected down to $1,161/oz at the time of this post.
You will also notice that Gold is now leading the pack on the next move up followed by Silver and then Platinum. If Gold and Silver hit their previous highs it will represent a 33% gain over the current prices. Here's where it gets interesting...if Platinum rises to its previous high it will represent a gain of over 94% from its current price!
If you do not own Platinum consider adding some to your portfolio. It could turn out to be an incredible opportunity.
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Buy Platinum
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OK I have a question for you. The people in the website http://www.myprivatebullion.com/gold/gold-ira/ called me because I filled out a form on Precious Metals IRA. They are pretty firm in their stance that I should switch over to Gold because it is up 8% and the GDP is only up 1.3%. They are saying that I need to protect myself in this flat economy and avert disaster when the dollar crashes. Obviously I want to protect my IRA. I know that gold fluctuates, but it seems to steadily grow at a much faster and larger rate. What is your opinion on this? At this point, all information is helpful. I will try to get a call into the Clark Howard show to see if I can get his opinion to:) Thanks Jere
ReplyDeleteOK I have a question for you. The people in the website http://www.myprivatebullion.com/gold/gold-ira/ called me because I filled out a form on Precious Metals IRA. They are pretty firm in their stance that I should switch over to Gold because it is up 8% and the GDP is only up 1.3%. They are saying that I need to protect myself in this flat economy and avert disaster when the dollar crashes. Obviously I want to protect my IRA. I know that gold fluctuates, but it seems to steadily grow at a much faster and larger rate. What is your opinion on this? At this point, all information is helpful. I will try to get a call into the Clark Howard show to see if I can get his opinion to:) Thanks Jere
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