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by Michael E. Lewitt
Dear Sure Money Investor,
A lot of readers have been asking me lately whether they should invest in platinum. After all, platinum is a precious metal like gold, right?
In fact, it's often referred to as "rich man's gold," just like silver is "poor man's gold."
This terminology is misleading. There's only one kind of gold:gold.
The case for investing in gold is completely different than the case for investing in platinum.Gold is best thought of as a currency, not a metal or a commodity (though it is also a metal or a commodity). The price of gold is driven by the type of macroeconomic factors that move currencies. And it serves as a safe haven against inflation and deflation, which of course makes it my preferred "insurance" for the Super Crash.
Platinum is a completely different story.
The price of platinum is primarily driven by its use as an industrial metal - and it's so volatile that it's a terrible long play.
In fact, Istronglysuggestthatyoushort it.
Here are my recommendations...
More from Michael...
My Silver Outlook for the Super Crash
Silver hasalotmoreindustrialusesthangold, and is also more volatile, more dependent on the state of the industrial economy, and very beaten down right now. The strong dollar, China's implosion, and a variety of other factors have all hurt the price of silver. But I still wouldn't short silver right now. It is too beaten down. In fact, I have a few specific long plays I'd recommend.
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