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).
|