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Gold/Mining/Energy : Global Platinum & Gold (GPGI)
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To: Larry Brubaker who wrote (5658)4/9/1998 3:02:00 PM
From: Ed Fishbaine  Read Replies (1) of 14226
 
Larry,

I just calculated the value of Brian Russell's findings based on current spot prices for the metals.

With gold @ $308, Platinum @ $420, Palladium @ $291 and Rhodium @ $557.

With Russell's values of 1.82 grams gold, 5.69 grams platinum, 2.4 grams palladium and 3.22 grams rhodium.

1.82 grams gold = $18; 5.69 grams Platinum = $77; 2.4 grams palladium = $22 and 3.22 grams Rhodium = $60.

These values total $177 per 13.13 grams (=0.383 ounces). On a per ounce basis you have $177/.383 = $462.

So instead of using $300 per ounce as I did in my previous post use $462 and see what you get. Looks like better than a 50 % increment.

Regards Ed
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