1977°C

2008 Precious Metals Performance: Gold, Silver, Platinum

What is a difference between smart and dumb investor in precious metals?
The dumb will buy Gold because it is down less than Platinum, the smart will not buy either as he will think: How come Platinum considered luxury for the rich of the world went down 70% in few months, isn't it because very rich become concerned about their evaporating savings and stopped buying expensive things.
But dumb investor will say: What do I care Platinum or Rhodium or Palladium crashed, Gold didn't so it looks good I buy in hope others will flood Tiffany's of the world and buy all invenory fast.

Ratio of Gold to Silver

Nice picture, there is nothing safer than going short Gold now instead of Silver as in the biggest Wall Street to Jakarta crash the luxury assets will be punished more than cheaper assets.If one can not afford Gold jewelry they still can buy silver.
SELL GOLD NOW.