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Commerzbank: Gold Premium Over Platinum Hits Record

Scorpio

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Commerzbank: Gold Premium Over Platinum Hits Record

Wednesday February 24, 2016 10:35

Gold continues to outperform platinum and silver as the yellow metal benefits from safe-haven flows in 2016, says Commerzbank. The gold/silver ratio has climbed to over 80, its highest level since December 2008, the bank says. “Gold is also continuing to strengthen relative to platinum and currently costs nearly $290 per troy ounce more than platinum,” Commerzbank says. “This is the most pronounced price differential since exchange trading of platinum was introduced in 1987.” As of 9:28 a.m. EST, Nymex April platinum was at $952.40 an ounce, while Comex April gold was at $1,244.80.

By Allen Sykora of Kitco News; asykora@kitco.com

http://www.kitco.com/news/2016-02-24/Commerzbank-Gold-Premium-Over-Platinum-Hits-Record-High.html
 

Shortstack

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OK, just ordered another ten PT maples at $1,011 per coin. Which sets up everyone here to buy tomorrow, as my purchase will surely result in a $100 per Oz drop by tomorrow morning.
 

nickndfl

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Gold will hit a price and then silver will catch up. It's only a matter of time.