Tag: automakers bailout big 3

Invest in Platinum: 2009?

Invest in Platinum: 2009?

At face value, it seems that now is the right time to invest in platinum when you consider the highs and lows of the past 52 weeks. Platinum reached an all-time high of just over $2,300 per ounce in March of 2008 and today tries to hold firm around $940 an ounce–a 60% drop from […]

January 3, 2009 | By | Reply More
Gold Takes Lead Over Platinum by Head

Gold Takes Lead Over Platinum by Head

With a front-running style, favored Precious Gold takes the lead by a head December 15th, 2008, 5:30 Eastern, with Price of Platinum coming in second at a price of $835 per ounce–$2 below gold. The prelude to this historical event was Friday, December 12th, when platinum and gold collided within a $1 spread of each […]

December 15, 2008 | By | 1 Reply More
Platinum and Gold: When Metals Collide

Platinum and Gold: When Metals Collide

Although platinum is 30 times rarer than gold, the two metals’ prices collided throughout the day and finally closed with gold at $822 per ounce and platinum at $823! Today’s $1 spread was nothing short of historical for precious metals; the last time platinum and gold met at such close quarters  was 1996! Platinum has […]

December 12, 2008 | By | Reply More
Platinum Prices Tied to the Big 3 Automakers?

Platinum Prices Tied to the Big 3 Automakers?

Platinum fell below $800 an ounce on Thursday–a welcome sight for most in the fine jewelry industry, who consequently are able to lower platinum jewelry prices in hopes of motivating consumers to purchase such items as platinum wedding bands. Platinum has exhibited nothing short of a bona fide crash in 2008, with platinum precious metal […]

December 4, 2008 | By | Reply More