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Thursday, October 13, 2011
Platinum is irresistible at this point says Mickey Fulp
Kerry Lutz interviews Mickey Fulp - 13 Oct 2011 , it is quite unusual that Platinum is cheaper than Gold by more than a 100 dollars which is very unusual the last time this happened was in 1992 or 1993 says Mickey Fulp , usually platinum is always trading at a premium over gold . he adds that at this juncture he prefers to buy Platinum to Gold
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Mickey Fulp
Bob Chapman : Gold is the only currency in the world that have survived
Bob Chapman : There is two reason why Gold went up , one it is the only currency in the world that have survived , there have been millions of different currencies they did not survive , and silver survived but historically it has more abundant than gold so it did not play the premier role that gold has but it may in the future because production is changing , you do not want to own currencies because historically everybody that have owned them have lost money lost wealth ...the other reason why gold went up is because of inflation....
Bob Chapman on Platinum and Palladium
Bob Chapman recommends to buy platinum as a speculator but not as an investor , platinum have become than gold recently , but Bob Chapman recommends caution : "as a speculator yes , as an investor no , I keep life simple there is nothing wrong about buying platinum and palladium but I think the greatest gains because of the things I just described in Gold and Silver "Bob Chapman prefers to buy gold and Silver related assets and hold on and go for the long term , go long and stay long and do not approach this as something that will make you rich , you are trying to preserve your wealth....
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