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Platinum or Gold? Here's Where to Put Your Money Today

Thursday, April 16, 2015 5:12

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If you’ve ever been to a jewelry store, you know a platinum ring typically costs more than a similar-style gold ring.

This is almost always the case… And for good reason.

Platinum is more rare than gold. And it has more uses in industry, so it gets used up. This leads to platinum prices almost always being higher than gold prices.

But today, you can actually buy an ounce of platinum for less than an ounce of gold. And that means platinum prices are set to outperform gold prices…

Let me explain…

When I say rare, I mean it. Over the last 28 years, gold has only traded at a higher price than platinum 7% of the time. The chart below shows it…

This really doesn’t happen often. But let’s look at this extreme another way…

The chart below shows the gold/platinum ratio.

When the chart is above 1, gold is more expensive than platinum. If it’s below 1, platinum is more expensive than gold. Take a look…

As you can see, the chart rarely rises above 1… gold prices rarely rise above platinum prices.

The big question is: How does this ratio get back to normal?

For things to get back to normal, platinum has to outperform gold. And based on history, that’s exactly what happens.

History shows that when this ratio rises above 1, platinum tends to outperform gold over the next several months. Take a look…

Platinum	1-Year
Outperformance over Gold	8.6%
Win Percentage (versus gold)	91.3%

Over the next year, platinum tends to outperform gold by 8.6%. And it beat gold 91.3% of the time, a near-perfect track record.

This is a rare case. But history is clear… Platinum prices will likely outperform gold over the next year.

Now this isn’t a screaming “buy” for platinum prices. The metal is still fighting a long-term downtrend. And it’s a risky bet until that changes.

However, if you’re investing in precious metals regardless of trend, consider putting money to work in platinum. History says it’s set to outperform gold, starting now.

Good investing,

Brett Eversole

Source: http://www.stansberryresearch.com/dailywealth/2986/platinum-or-gold-here-s-where-to-put-your-money-today

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