View Single Post
Old 12-17-2008, 03:09 PM  
davecummings
Confirmed User
 
Join Date: Oct 2003
Location: San Diego
Posts: 2,922
When the economy started tanking, I was thinking that selling gold contracts and buying a like number of platinum contracts was a no-brainer considering that platinum as an Industrial metal would lose value due to catalytic converter demand decreasing with slowing new-car sales, and gold doing better as a "Store of Value", especially if the markets are flooded with dollars and inflation fears heat up ---both sell higher if the dollar goes down, and both are also used in jewelry; silver has some jewelry value and x-ray/film industrial value but.....

wish I had indeed acted upon it, as the spread has recently and quickly reaped a huge profit. I'm a wimp for not diving into that (and/or also, but to a lesser extent, a gold/silver spread).
__________________
Dave Cummings
www.davecummings.com
www.davecummings.tv
San Diego

Email--- [email protected]
davecummings is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote