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Independent Thinker
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Gold passed platinum today. Has this ever happened in history?

http://www.apmex.com/

Gold $1,720.30 up ($68.50) 8/8/2011

Platinum $1,708.50 down ($0.60) 8/8/2011
 

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Maximus
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12,320 Posts
Gold passed platinum today. Has this ever happened in history?

http://www.apmex.com/

Gold $1,720.30 up ($68.50) 8/8/2011

Platinum $1,708.50 down ($0.60) 8/8/2011
Yep it happened for a brief time in 2008.

Previous to that it happened in 1980. That was when there was that mad run on gold. Still (imo) the highest gold prices when you factor in inflation.

For me... if gold hits 1900-2000 an ounce, I am going to sell some physical gold for some other stuff. Then if it drops again, ill re-buy. If it doesn't drop, I'll get a ton of goods out of that ounce.
 

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CabinBuilder/Author
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1,996 Posts
Wow, thanks for pointing that out Antwan.
And what's really amazing too, is that it's almost taking over Rhodium (at $1825) Rhodium a few years ago was at $10,000 an ounce. :eek:
http://www.kitco.com/charts/popup/rh1825lnb.html

I thought along the same lines Vicdotcom, but buy WHAT??!!
Land or housing perhaps? Thinking ahead, it may get there before end of October, then dip, then go higher to a double head.
 

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The problem is, there's no logic in the markets right now, be they commodity or stock. Everyone is jumping to whatever they think is going to hold, and people are scrambling. The next few weeks are likely to be extremely volatile. Most likely, there will be more panic buying in gold, and a lot of ups/downs in the market, akin to 2008/2009.

It's going to take a few weeks for news of this to settle, and who knows what things will be looking like at that point. But usually after a long drop like this in the markets, there is a bit of a dead cat bounce. We'll see where that takes us.
 

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Maximus
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12,320 Posts
Wow, thanks for pointing that out Antwan.
And what's really amazing too, is that it's almost taking over Rhodium (at $1825) Rhodium a few years ago was at $10,000 an ounce. :eek:
http://www.kitco.com/charts/popup/rh1825lnb.html

I thought along the same lines Vicdotcom, but buy WHAT??!!
Land or housing perhaps? Thinking ahead, it may get there before end of October, then dip, then go higher to a double head.
Right I remember when Rhodium was making its run-up in early 2008. I have no idea how it got so high, but I think it was some serious manipulation going on there.

But probably think about purchasing a vehicle, pay down home/land, firearms... use the change to get some silver maybe. Just depends how much I think about selling I guess. Well lets see how high it hits first. No use thinking "what if's" if it doesn't reach that amount.
 

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CabinBuilder/Author
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Could buy many more of those stag handled stockmans in your avatar I suppose. Seven years ago I bought many stag Bulldogs, then sold them for 65 cents on the dollar due to divorce. Now you don't see them much on the Bay anymore. Plus old man Parker passed away, probably driving them up. OH well.
I kinda like Octotat's idea of buying plat. or rhodium after a dip now.
 
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