I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've built a six-figure diversified stock portfolio. Now, I aim to diversify even more this year.
Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 100k to test the waters now that large cap stocks are at a discount... Thanks
NICOLE ANASTASIA PLUMLEE' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Apologies if I wrote this twice. Always make sure to clearly label your platinum as such. In case your heirs need to liquidate, you don't want them selling it with the silver.
No kidding. Platinum was at $1,800 an ounce. That was ten plus years ago... With constant inflation of our currency, and it's undeniable value, it's bound to jump up. Palladium is all the rage right now, because of its lighter weight in catalytic converters. However, as palladium's price continues to balloon, manufactures will start going back to the now cheaper alternative, platinum. Plus platinum has a higher melt rate, and stronger density. It won't be long before the industrial industries start to shifting their preferences toward platinum. It'll be around $1,500-1,700 an ounce within the next couple of years.
@@Balibaliadashi Tell that to my wife, who just bought a new pair of platinum earrings. She hates gold. Says only gangster rappers and rich hillbillys like gold
Interesting videos and comments. One aspect that many may not be considering is the low mintage of these platinum coins and if your into rare coin collection this is something to consider. I just bought my first platinum 1 oz coin. Just like all other investments buy low sell high. Don’t wait for a new technological break through that uses platinum before you buy. Besides, counter to electric car narrative, the world will continue to use gasoline vehicles for a very long time even if the US goes 100% electric cars. Going back to rare coin, the potential for coins to be highly collectible in years to come is pretty high. I’ve been collecting rare coins for 20 years. In the coin collecting world the rarer the better. Platinum has all the right stuff to be highly collectible. Low mintage, low mining quantity and high potential for industrial use. Good video…thanks
The royal mint has listed the 7th beast, the yale, but not so easy to acquire. You could put those 10/th oz in a little pendant frame, link them together and you have an extremely nice bracelet. Much better value than Mene jewellery.
This was great, thanks, been searching for "most popular silver coins to collect" for a while now, and I think this has helped. You ever tried - Wonenry Sonucas Approach - (just google it )? It is a smashing one of a kind guide for uncovering a proven trading method to get fast results without the normal expense. Ive heard some awesome things about it and my buddy got amazing results with it.
I want platinum as a collector more than anything. Most people have never seen it in person, so it’s cool to me. Trouble reselling is why my strategy is to stack some 5 gram bars. Platinum seems to move in spikes up and spikes down. I want a full oz Platinum Eagle, but I understand if nobody will buy it. Oddly enough platinum has a reputation as more expensive than gold. Platinum card this and Bud Light Platinum that. F150 Platinum Edition on mud tires.Yee Haw. So where did it’s value come from before vehicle emission control devices (late 70’s early 80’’s)?? Almost 90 years ago Cab Calloway sang Minnie the Moocher and the lyrics “ a diamond car with the platinum wheels “ about a gift the song’s namesake dreamt of. JayZ wore only platinum at a time when it WAS more expensive than gold, and I’ve wanted some ever since.
Platinum is a metal that you can keep as an outside bet for future realignment with other metals. The artworks are just as fine and they always remain pristine.
When I was a kid. A guy gave me an ounce of platinum. I sold it for $140. Early 90's. So if you plan on holding for a long time I'm sure you will make your $ back. With that being said. I only stack silver and gold
Good stuff Buddy! Platinum is Definitely a Wild Card in my Humble opinion, Could be at $700 a year from now or 1400? Worth buying some, but still like gold more and even silver under 20 bucks. Merry Christmas!🎄🎄🎄😊
Also, in the converters, Platinum acts as a catalysis, meaning that it allows that reaction to occur, wherein the CO2 is removed from the fumes of the car. With out that Platinum, nothing would happen. Certain atoms are transferred from the fumes to the converter by the Platinum.
I have some Platinum - but my biggest issue with it isn't buying it - instead it is selling it. All the coin shops around me don't really want it....they will buy it, but they offer 10-15% below spot and we all know to buy platinum in coin form is going to cost us 10 - 15% minimum in premium to buy. The economy for Platinum requires a large % wise positive swing in Platinum spot price to unload at a minimum of break even!!! To sum it all up - if you are buying 1 oz of Platinum at these prices, you'll need around a 20% rise in Platinum Spot to unload Platinum and break even. So this is why I am not heavily stacking it.
All the big bullion dealers buy it. U are right, the premiums require a big move in price to break even, but everytime I wait for platinum to come down it goes on a tear.
Hubby B and I originally had plans to gather an ounce of both Platinum and Palladium over time purely for investment. We halted both this past year and stuck to Silver and even had to back off Gold Plans in 2019. Plan for 2020 is Gold and Silver and maybe Platinum if the price comes back down a little more. 🤞☺️👩🦳🏵
Great video.....I loved it.....can you do more platinum videos.......platinum could actually go up in value dramatically if diesel automobiles are replaced by fuel cell technology , that just my opinion .....please do a video on platinum proof eagles.
We don’t buy platinum but might in the future. Very focused on mixing in some silver coins into our stack at the moment. Thanks for the video, great intel.
Love the video, but got to disagree: Platinum is THE most stackable of precious metals. It's as beautiful as gold or silver and so much more durable, and American Eagles and Manx Pobjoys can always be unloaded on ebay for a nice premium as long as you're patient. Stack silver if you want to make a quick buck, buy index funds if you want to keep your money safe from inflation, but stack platinum all day, everyday if you want to be able to look your children in the eye when you tell them that you love them. If I ain't buying BTC, I'm treating myself to a nice platinum proof, it's the ultimate patrician long hold. If you know, you know.
One thing that turns me off is the high premiums on coins for platinum. Add to that it's a lot harder to sell than gold or silver and I'm staying away for now.
At no point was scarcity considered despite it being about 3x scarcer than gold. It really goes to show public perception and the power gold has as a brand name product. Gold is valuable because it is scarce; platinum is valuable because it is used.
I like platinum just based on price/weight alone. A 1oz platinum coin = (roughly) $1k, .5oz of gold = $1k, and 40oz of silver = $1k. Platinum is the sweet spot of weight and price for stacking, IMO.
One more thought I am having. Let's say one is intent on buying gold with really zero interntion of selling ever unless the "SHTF" or as a last resort financial safety net if all of one's other holdings are lost etc ...if that is one's logic then I would think some Platinum at a low price point is at least a good hedge against future gold downturns ...logic being that traditionally in normalized times Platinum is always worth more than gold but right now it is sitting about half the price give or take ...But if you bought Platinum along with gold right now for the long haul and in 10 years your Platinum is worth at least as much as your gold? How smart you feel for having bought half of the hoard for half price originally? But I am guessing not 10 years but less than 5...hey it's all a gamble. But Platinum is consumed and much of it not recycled as opposed to gold which overwhelmingly stays put On any uptick in popularity at all Platinum will be in short supply with of course sends price shooting skyward....there just is so little mined compared to gold and silver and it is expensive to mine comparitvely. So unless someone is focusing on a short term play with need to get out soon to buy a house or whatever ...that is so long as it is unneeded portion of available funds? It just seems like a great place to park a percentage of one''s diversified metals assets? Don't know if I am trying to convince myself or someone else....lol
I agree with you mate - it’s a great buy now but looks like people have started catching up. BullionStar site had 14 lunar mouse platinum coins last night. I had a plan to wait till end of the month price drop to buy 5 coins but overnight someone bought 5 and count went down to 9 in the morning. While I was thinking is it good to buy or wait few days, 3 more coins gone. I was like stuff this and ordered the remaining 6. We will see prices dropping a bit this month and rising after that
Personally, I do see Platinum as a monetary metal, along with Gold and Silver, and I also see Palladium as such, and there are a few reasons for that. One: they share the chemical characteristics of Gold and Silver. They're very noble (meaning "unreactive; think of the noble gases,) they're durable, they're dense, and they're hard to fake (even harder than Gold, which is very similar in density with Tungsten.) Two: they're actually much rarer than Gold or Silver. In my eyes, they hold much more intrinsic value, and should command a higher price due to lack of supply on the market. Gold was, almost always, much more valuable than Silver, and that's because Gold is rarer. (Save in Egypt, where Silver was more valuable.) So why wouldn't that apply to Platinum and Palladium as well? Hell, why not Rhodium?
Vann Wood it has potential for sure I just think that the average stacker is looking for something less risky... not everyone has 50 years left to stack 😏🔥🐉
Are you more knowing or God ? God put Gold and silver as money. I know islam Gold and silver are measuring stick 🦯 to measure wealth to pay Zakat or tax. Even in Bible Gold and silver is money.
@@gentelmenschannel5028 Back in biblical days gold and silver were more scarce, it wasn't until the discovery of the new world that more gold and silver came back to the old world and inflated the markets. And now with technology, there's more gold and silver being found. It's still rare, but not as rare as it once was. Platinum is many times rarer and should be the new gold.
Years ago I almost bought a 1/10 oz plat. Eagle for $205 which I saw at the LCS but I called about it the very next day and it was gone! Glad I didn't get that one now.
Invest in silver and gold when your plan on bad times and need a savings to fall back on or for retirement, buy platinum when you think your economy is going to be doing better. If you have 1000 oz of silver, 100 oz of gold, you should 100% have atleast 10 oz of platinum
Very interesting video, Silver Dragons! I was going to grab that deal but it was gone before I had a chance. That was a lesson I hope to remember for next year. I do have one of those I got before, also for a good deal. And you've seen that full ounce maple I picked up. I really like platinum! I think it has tremendous upside; even if petroleum powered cars diminish here, they will increase worldwide for a good while yet. Besides, platinum jewelry plays a small factor as well. So I'll be trying to grab some now and then when I for some reason have extra fiat that doesn't get destroyed in silver and gold snagging sessions. 🔥🔥🔥
Two things I bet most stackers don't realize about Platinum ? A. that is 30 times more rare than gold and that all the mined Platinum that exists in the entire world would hardly begin to fill a single swimming pool! Meaning it could easily fit one regular old living room or typica large master bedroom etc. And then #2 when 90% Platinum is alloyed with 10% gold it becomes by far one of the toughest materials much less metal sto man! Way tougher than the best steel alloys I understand ....Super ultra wear resistant like you can't beieve! It is right in there in hardness with diamonds and Sapphire etc! And although there is nothing new about alloying the two the discovery about it's potential toughness is only very recent ...applications are only now really being worked out but I can imagine developing playing processes to enhance all sorts of bearing surfaces ! It is not like entire bearings or cylinders would have to be cast in it which would obviously be Uber expensive..no they could simply coat or plate or line a surface! Maybe bearings in electric motors that last forever? And I assume SO anticorrisve also who knows what military and commercial applications will come out of this! With how low prices Platinum is right now relative to gold I think it is a great bet for stackers to devote at least a portion of their holdings to....no it is not the money like metal that gold is but it COULD make someone richer in the long run than gold....like I say just as a bet but I think a pretty safe bet because historically Platinum prices average above that of gold but right now only because of market conditions it is not much more than HALF of what gold is going for! And of course it is minted into actual government issued coins which makes it ultra easy to buy and sell as opposed to say buying industrial blanks of it etc So while it is true the automotive industry is using less of the stuff lately this a nice price drop, THAT could drastically change any time now!
@@SilverDragons47 So do I !!!!! lol. I have the Platinum 1 oz American coin in my wish list. Platinum is low right now and possibly has legs for vthecfuture.,,,,..platinum is cheap! Palladium...way over value and I think due for a big correction in spot price.
Platinum might not monetarily be the best investment short or long-term because despite its in some aspects superiority to gold metallurgically (that is, greater density, more resilient and resistant to wear than gold, higher reflectivity, higher melting point and higher corrosive threshold) not to mention it’s being more rare in occurrence than gold it lacks a comparable track record and warmth and unfortunately cold platinum closely resembles silver a historically more common and less desirable( aesthetically )metal than gold.Yet looking forward platinum will eventually play a bigger role in technology and as an enhancement to watches and jewellery et cetera being more rare than Gold it’s added value will fluctuate high and low for centuries to come and so therefore it’s better to hold platinum for a very long-term point of view actually generational, wherein lies the wisdom of buying as much as you can when it’s historically relatively low- priced at the time of purchase.It’s a much longer game in terms of yield than gold or even silver.But because it’s the relative new kid on the block it’s actually the Rich mans silver as opposed to silver being the poor mans gold.😐
I bought that platinum bar you advised me not to buy.... But I got it for Penny's over melt price it was like 28$ and they have 2 more I'm gonna go back and buy...
This talk about not being able to sell platinum coins back is news to me. But what I find comical is people saying "I'll buy at $700". Sorry but you're not getting that chance, probably ever again. I own both physical platinum and shares of the PPLT trust. Believe me, the latter is why you'll never get a crack at 700 or probably even 800.
Gold is not rare. There are millions of ounces. In 2018 there were roughly 3300 TONS of gold mined. In 2019 there were 190 TONS of platinum mined. That is about a 17 to 1 ratio. Platinum has many more industrial uses as well. Gold, like Silver is considered a monetary metal. There are about 8 oz of silver for every ounce of gold. 1 oz Pt = 17 oz Au = 136 oz of Ag. in nature. Either platinum and silver are far undervalued, or gold is way over valued. Value is always subjective, it is based upon what someone will pay for it. But given reality, I would purchase Silver or Platinum over Gold. All 3 are better than fiat currency.
Great video, enjoyed it. With regards to car sales, if people stopped leasing cars (& wasting a ton of $ in the process), that may even help the economy actually lol
This video aged interstingly, paladium came down from it's high of 2000$ an ounce to 950$ an ounce, and platinum went up from 935$ an ounce to 1050$ an ounce.
Chris I don’t plan on selling any of my metals. Their long term in my case. Many feel the same as you about platinum. And I’m so tired of listening about Cadilitic converters.
I firmly believe the auto industry will flip back to Platinum. Palladium is getting a bit high the Auto company's want more profit. Once flipped and price hits $2,000 range will trade into gold. My lcs has plenty of platinum.
@Al Marcel who says we are going to electric cars in the future? Reading too many articles. Auto companies/corporations aren't making any profit 🤦on electric cars ha
Electric is not the answer. And takes just as many resources if not more to have electric. Replace the battery 🔋 every 7 years. Smh. Its not the future and is high maintenance. Humans will pick biodiesel or ethonol/econol over electric.
yeah I took a hard look at energy density, engineering pros-cons of energy sources for vehicles...lithium batteries are no slouch, but it's extravagant compared to gasoline (C8H18 & friends), which transports as a liquid, starts in the cold, is about 100x more energy dense...an 85kWh Tesla battery pack weighs about 1200 pounds, ~200 miles range. But 1200 pounds of gasoline == 190 gallons, or 6403 kWh, at 30mpg, ~5700 miles range.
Weird that you make this video the day after I bought my first platinum coin. Apmex has a sweepstakes atm where if you buy a platinum you get entered to win a 1 oz coin. I bought a 2020 1/10oz brittania
Hey Dragons, I really appreciate the video! It's pretty much everything I've researched on so far but it's really cool that you covered it. I bought a 1998 1/4 ounce American coin with the Statue Of Liberty on the front and it's a beautiful coin. (I may have to join the PlatinumPlatapus club also!) I wouldn't mind collecting up to about 2 to 10 ounces. It seems to be at a general low comparatively so. One person said they wouldn't expect it to go below 700 or 800. I like that you mention that it went to $2200 in 2008 and $2000 in 2011. Sounds like a good "Investment Metal" to me. However, silver from 17 to 50 is the logical choice of course. Like in 2011? The 50, 48, anyway. I need to look into mining platinum. It's probably a pain to mine. Cheers, B
I'd wait for a hockey stick, then buy some. At some point, it is bound to find an industrial application other than cats. Especially with modern technology which places ever higher demands on materials.
I thought gold and silver would skyrocket when we have inflation, like right now, what's the hold up? I'm not ready for higher prices yet, I'm still in the accumulating phase. I just need 10 more yrs, in 10 yrs it can skyrocket.
Since 75% is mined in South Africa, the price could skyrocket if they don't feel like exporting it anymore. Not to mention the unknown uses of platinum that haven't been discovered yet.
I know this sound stupid and it might be but I bought some Platinum because as a Star Trek fan, it sounds like "Gold Pressed Latinum". Cover it in gold and a Ferengi would lose his mind.
Good advice, but I think diversity is more likely to help you than hurt you. So I think having a bit of platinum and palladium is not a bad idea. I would probably say that one ought to have at least 1,000 ounces of Silver and 10 ounces of Gold for every ounce of platinum or palladium that they have, but that's just my own personal assessment of what makes sense ratio-wise.
I just bought my first ounce of platinum. Got it for $100 over spot unfortunately but it was cheaper than most retailers. I’ll wait until it hits $1000 before I sell for gold or silver.
Basics of stacking platinum? First rule, don’t. Second rule, don’t. Why. When the SHTF your market is seriously reduced. Stick with silver and some gold.
If the world ever stops accepting platinum, then your gold will also be worthless, and/or taken by force. That's a world where "preserving wealth" won't be the primary concern of day-to-day life. It will be hell on Earth and "transfer of wealth" will often involve the ultimate currency: ammunition. Anyway, with this new round of QE, I'm feeling pretty good about my tiny expansion of my platinum reserve. In a decade or two, we're going to have paid for this QE and it's going to be ugly for anyone that thought that saving green pieces of cloth was the way to preserve wealth. We won't start mining platinum from asteroids for probably 50 years or more. By then, I'll probably be on Forbes top 3000.
Many times rarer than both but there's a reason it's a lot cheaper than gold. Just because historically it's been more than gold doesn't mean it'll ever return to that level.
@@Ffollies history often repeats and with the russia debacle, I beleive platinum will get geared back into the automotive industry with palladium rocketing so high right now. I can see 2k platinum in the future 2-5 years
@@outofthebox5441 Possible, I'm not too familiar with the workings of the auto industry and their uses of precious metals. Doesn't a large amount of platinum come from Russia? I'm thinking it might effect the supply eventually.
I know platinum is lil cheaper than gild so I might get some more weight to my silver stack and instead of gold get some platinum or get both by the gram or 1/10oz
Platinum is a difficult investment to have faith in right now. I don’t have any but I might buy in for an ounce if it dips below $800 an ounce. My biggest concern is who would want to buy it from me.
@@hybridher0 I own Two 1oz Platinum bars now.. I have to reservations about buying it at a good price.. I picked up mine at about $880/oz 😂 about a year ago
At this point I would stay away from Platinum. IMO I can only see prices dropping down with electric cars becoming more popular. A large amount of platinum use is in making catalytic converters. Electric cars don't have catalytic converters, so demand and prices may fall a bit until the world finds more better uses of platinum.
I wouldn't risk a cent on platinum. Transportation is going to radically change in the next twenty years. Our electric motors and internal combustible engines will be the horse and buggy of this century's beginning.
Question is, do we have enough electricity in our grid to power up all those electric vehicles that will replace our old combustion engine cars? Not so sure. There will always be gas powered cars.
![Who Wrote a Short Story That Seriously Disturbed a Teacher? | Dirty Laundry x Smosh [Full Episode]](http://i.ytimg.com/vi/bvHAy_rKoEI/mqdefault.jpg)
I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've built a six-figure diversified stock portfolio. Now, I aim to diversify even more this year.
Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 100k to test the waters now that large cap stocks are at a discount... Thanks
NICOLE ANASTASIA PLUMLEE' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
Apologies if I wrote this twice. Always make sure to clearly label your platinum as such. In case your heirs need to liquidate, you don't want them selling it with the silver.
Brandon great thing to bring up my friend!!! currently it is worth much more than silver and yes it looks the same 😂🔥🐉
Where do u get those 1/10th oz platnium new
In UK we have a 20%tax it puts me off stacking it but to make money I invest it on the stock market
@@grahamconquerghc2358 take whatever you have left over and buy tenth oz'ers when you can
It says platinum on it
before 2008, Platinum was always more expensive than gold. Now it is half the price. I've never seen a clearer buy signal
No kidding. Platinum was at $1,800 an ounce. That was ten plus years ago... With constant inflation of our currency, and it's undeniable value, it's bound to jump up.
Palladium is all the rage right now, because of its lighter weight in catalytic converters. However, as palladium's price continues to balloon, manufactures will start going back to the now cheaper alternative, platinum.
Plus platinum has a higher melt rate, and stronger density. It won't be long before the industrial industries start to shifting their preferences toward platinum. It'll be around $1,500-1,700 an ounce within the next couple of years.
It's cheaper because industry is moving away from it...
@@Balibaliadashi Tell that to my wife, who just bought a new pair of platinum earrings. She hates gold. Says only gangster rappers and rich hillbillys like gold
@@Balibaliadashi nope
@@Balibaliadashi Ya they used pladdium because it is cheaper. Now its more expensive so they can switch back.
Interesting videos and comments. One aspect that many may not be considering is the low mintage of these platinum coins and if your into rare coin collection this is something to consider. I just bought my first platinum 1 oz coin. Just like all other investments buy low sell high. Don’t wait for a new technological break through that uses platinum before you buy. Besides, counter to electric car narrative, the world will continue to use gasoline vehicles for a very long time even if the US goes 100% electric cars.
Going back to rare coin, the potential for coins to be highly collectible in years to come is pretty high. I’ve been collecting rare coins for 20 years. In the coin collecting world the rarer the better. Platinum has all the right stuff to be highly collectible. Low mintage, low mining quantity and high potential for industrial use.
Good video…thanks
I love my platinum. It outshines all precious metals. Just me!
Michael Pringle it is pretty cool for sure! 🔥🐉
In my opinion best platinum investment is Queens Beasts series. They definitely have very low mintage and price is the same as other platinum coins.
SILVER STACKING ACADEMY yeah that is true.. they can have pretty good numismatic value for sure 👍🏽🔥🐉
The royal mint has listed the 7th beast, the yale, but not so easy to acquire. You could put those 10/th oz in a little pendant frame, link them together and you have an extremely nice bracelet. Much better value than Mene jewellery.
Platinum is an excellent investment when you consider the platinum to gold charts.
This was great, thanks, been searching for "most popular silver coins to collect" for a while now, and I think this has helped. You ever tried - Wonenry Sonucas Approach - (just google it )? It is a smashing one of a kind guide for uncovering a proven trading method to get fast results without the normal expense. Ive heard some awesome things about it and my buddy got amazing results with it.
I want platinum as a collector more than anything. Most people have never seen it in person, so it’s cool to me. Trouble reselling is why my strategy is to stack some 5 gram bars. Platinum seems to move in spikes up and spikes down. I want a full oz Platinum Eagle, but I understand if nobody will buy it.
Oddly enough platinum has a reputation as more expensive than gold. Platinum card this and Bud Light Platinum that. F150 Platinum Edition on mud tires.Yee Haw.
So where did it’s value come from before vehicle emission control devices (late 70’s early 80’’s)??
Almost 90 years ago Cab Calloway sang Minnie the Moocher and the lyrics “ a diamond car with the platinum wheels “ about a gift the song’s namesake dreamt of.
JayZ wore only platinum at a time when it WAS more expensive than gold, and I’ve wanted some ever since.
Platinum is a metal that you can keep as an outside bet for future realignment with other metals. The artworks are just as fine and they always remain pristine.
it is easy to sell platinum-any online or decent precious metal dealer will instantly buy. Even finding it to buy right now is tougher.
When I was a kid. A guy gave me an ounce of platinum. I sold it for $140. Early 90's. So if you plan on holding for a long time I'm sure you will make your $ back. With that being said. I only stack silver and gold
Good stuff Buddy! Platinum is Definitely a Wild Card in my Humble opinion, Could be at $700 a year from now or 1400? Worth buying some, but still like gold more and even silver under 20 bucks. Merry Christmas!🎄🎄🎄😊
PART TIME PREPPERS yeah i like silver much better 😂🔥🐉
Also, in the converters, Platinum acts as a catalysis, meaning that it allows that reaction to occur, wherein the CO2 is removed from the fumes of the car. With out that Platinum, nothing would happen. Certain atoms are transferred from the fumes to the converter by the Platinum.
NO2 and NO3. Also CO is changed to CO2. Nothing will remove CO2 from your car exhaust.
I have some Platinum - but my biggest issue with it isn't buying it - instead it is selling it. All the coin shops around me don't really want it....they will buy it, but they offer 10-15% below spot and we all know to buy platinum in coin form is going to cost us 10 - 15% minimum in premium to buy. The economy for Platinum requires a large % wise positive swing in Platinum spot price to unload at a minimum of break even!!! To sum it all up - if you are buying 1 oz of Platinum at these prices, you'll need around a 20% rise in Platinum Spot to unload Platinum and break even. So this is why I am not heavily stacking it.
Florida Stacker yes very true... it is good to have a potential buyer lined up before you buy... always! 🔥🐉
All the big bullion dealers buy it. U are right, the premiums require a big move in price to break even, but everytime I wait for platinum to come down it goes on a tear.
Hubby B and I originally had plans to gather an ounce of both Platinum and Palladium over time purely for investment. We halted both this past year and stuck to Silver and even had to back off Gold Plans in 2019. Plan for 2020 is Gold and Silver and maybe Platinum if the price comes back down a little more. 🤞☺️👩🦳🏵
Lady Bullion yeah if it goes back to $700 then it’s easier to stomach 😂🔥🐉
Great video.....I loved it.....can you do more platinum videos.......platinum could actually go up in value dramatically if diesel automobiles are replaced by fuel cell technology , that just my opinion .....please do a video on platinum proof eagles.
We don’t buy platinum but might in the future. Very focused on mixing in some silver coins into our stack at the moment. Thanks for the video, great intel.
Eagle Claw Bullion yes I would highly recommend some ASE 👍🏽🔥🐉
Love the video, but got to disagree: Platinum is THE most stackable of precious metals. It's as beautiful as gold or silver and so much more durable, and American Eagles and Manx Pobjoys can always be unloaded on ebay for a nice premium as long as you're patient. Stack silver if you want to make a quick buck, buy index funds if you want to keep your money safe from inflation, but stack platinum all day, everyday if you want to be able to look your children in the eye when you tell them that you love them. If I ain't buying BTC, I'm treating myself to a nice platinum proof, it's the ultimate patrician long hold. If you know, you know.
Good video. I would have only added something about the relative scarcity of platinum relative to gold and silver. Thanks.
Happy New Year! Wishing you a prosperous 2022! 🥳🥳🎉🎉💰💰
One thing that turns me off is the high premiums on coins for platinum. Add to that it's a lot harder to sell than gold or silver and I'm staying away for now.
At no point was scarcity considered despite it being about 3x scarcer than gold. It really goes to show public perception and the power gold has as a brand name product. Gold is valuable because it is scarce; platinum is valuable because it is used.
I’m going platinum 🤘
Silver Nuts oh yeah. platinum nuts 😂🔥🐉
I like platinum just based on price/weight alone. A 1oz platinum coin = (roughly) $1k, .5oz of gold = $1k, and 40oz of silver = $1k. Platinum is the sweet spot of weight and price for stacking, IMO.
One more thought I am having. Let's say one is intent on buying gold with really zero interntion of selling ever unless the "SHTF" or as a last resort financial safety net if all of one's other holdings are lost etc ...if that is one's logic then I would think some Platinum at a low price point is at least a good hedge against future gold downturns ...logic being that traditionally in normalized times Platinum is always worth more than gold but right now it is sitting about half the price give or take ...But if you bought Platinum along with gold right now for the long haul and in 10 years your Platinum is worth at least as much as your gold? How smart you feel for having bought half of the hoard for half price originally? But I am guessing not 10 years but less than 5...hey it's all a gamble. But Platinum is consumed and much of it not recycled as opposed to gold which overwhelmingly stays put On any uptick in popularity at all Platinum will be in short supply with of course sends price shooting skyward....there just is so little mined compared to gold and silver and it is expensive to mine comparitvely. So unless someone is focusing on a short term play with need to get out soon to buy a house or whatever ...that is so long as it is unneeded portion of available funds? It just seems like a great place to park a percentage of one''s diversified metals assets? Don't know if I am trying to convince myself or someone else....lol
I agree with you mate - it’s a great buy now but looks like people have started catching up. BullionStar site had 14 lunar mouse platinum coins last night. I had a plan to wait till end of the month price drop to buy 5 coins but overnight someone bought 5 and count went down to 9 in the morning. While I was thinking is it good to buy or wait few days, 3 more coins gone. I was like stuff this and ordered the remaining 6. We will see prices dropping a bit this month and rising after that
Personally, I do see Platinum as a monetary metal, along with Gold and Silver, and I also see Palladium as such, and there are a few reasons for that. One: they share the chemical characteristics of Gold and Silver. They're very noble (meaning "unreactive; think of the noble gases,) they're durable, they're dense, and they're hard to fake (even harder than Gold, which is very similar in density with Tungsten.) Two: they're actually much rarer than Gold or Silver. In my eyes, they hold much more intrinsic value, and should command a higher price due to lack of supply on the market. Gold was, almost always, much more valuable than Silver, and that's because Gold is rarer. (Save in Egypt, where Silver was more valuable.) So why wouldn't that apply to Platinum and Palladium as well? Hell, why not Rhodium?
Vann Wood it has potential for sure I just think that the average stacker is looking for something less risky... not everyone has 50 years left to stack 😏🔥🐉
Are you more knowing or God ? God put Gold and silver as money. I know islam Gold and silver are measuring stick 🦯 to measure wealth to pay Zakat or tax. Even in Bible Gold and silver is money.
@@gentelmenschannel5028, I'm atheist.
@@gentelmenschannel5028 Back in biblical days gold and silver were more scarce, it wasn't until the discovery of the new world that more gold and silver came back to the old world and inflated the markets. And now with technology, there's more gold and silver being found. It's still rare, but not as rare as it once was. Platinum is many times rarer and should be the new gold.
I dont know if its the same over the pond but In the UK when you buy gold its tax free but platinum and silver you pay tax on both.
Gold, silver, platinum. Buy them all.
I got lucky with that black friday sale from apmex too! love the little britt's!
Not just automotive think about future industries like space the heat resistance is ideal for future components
Years ago I almost bought a 1/10 oz plat. Eagle for $205 which I saw at the LCS but I called about it the very next day and it was gone! Glad I didn't get that one now.
You would've made money?
$250 right now 😂
Invest in silver and gold when your plan on bad times and need a savings to fall back on or for retirement, buy platinum when you think your economy is going to be doing better. If you have 1000 oz of silver, 100 oz of gold, you should 100% have atleast 10 oz of platinum
Just picked up my first ounce and using this downturn to get two more. Don't expect to get more after that and instead focus on gold.
I walked into the store and picked up 4 oz of platinum recently lol.
Very interesting video, Silver Dragons! I was going to grab that deal but it was gone before I had a chance. That was a lesson I hope to remember for next year. I do have one of those I got before, also for a good deal. And you've seen that full ounce maple I picked up. I really like platinum! I think it has tremendous upside; even if petroleum powered cars diminish here, they will increase worldwide for a good while yet. Besides, platinum jewelry plays a small factor as well. So I'll be trying to grab some now and then when I for some reason have extra fiat that doesn't get destroyed in silver and gold snagging sessions. 🔥🔥🔥
Fiat Destroyer lol It is 100% better than fiat for sure my friend! yeah that is a beautiful coin! stack on my friend!!! 🔥🔥🔥🔥🔥🐉
I buy platinum on every from the last 2 years. $500 platinum and I’ll buy it all
Every dip*
Brian Richards nice! always buy the dips!! 🔥🐉
Thanks! I have multiple assets I want to buy, and normally buy the one in the dip. I was liking the under $800 platinum.
Two things I bet most stackers don't realize about Platinum ? A. that is 30 times more rare than gold and that all the mined Platinum that exists in the entire world would hardly begin to fill a single swimming pool! Meaning it could easily fit one regular old living room or typica large master bedroom etc. And then #2 when 90% Platinum is alloyed with 10% gold it becomes by far one of the toughest materials much less metal sto man! Way tougher than the best steel alloys I understand ....Super ultra wear resistant like you can't beieve! It is right in there in hardness with diamonds and Sapphire etc! And although there is nothing new about alloying the two the discovery about it's potential toughness is only very recent ...applications are only now really being worked out but I can imagine developing playing processes to enhance all sorts of bearing surfaces ! It is not like entire bearings or cylinders would have to be cast in it which would obviously be Uber expensive..no they could simply coat or plate or line a surface! Maybe bearings in electric motors that last forever? And I assume SO anticorrisve also who knows what military and commercial applications will come out of this! With how low prices Platinum is right now relative to gold I think it is a great bet for stackers to devote at least a portion of their holdings to....no it is not the money like metal that gold is but it COULD make someone richer in the long run than gold....like I say just as a bet but I think a pretty safe bet because historically Platinum prices average above that of gold but right now only because of market conditions it is not much more than HALF of what gold is going for! And of course it is minted into actual government issued coins which makes it ultra easy to buy and sell as opposed to say buying industrial blanks of it etc So while it is true the automotive industry is using less of the stuff lately this a nice price drop, THAT could drastically change any time now!
If Platinum drops even more? I'm BUYING some! Not a whole lot but some at least
I bought the exact same Platinum coin a month ago. I might buy more...I agree speculative metal.
Polar Roller nice! great minds think alike 😁 I really want an APE though... American Platinum Eagle 🔥🐉
@@SilverDragons47 So do I !!!!! lol. I have the Platinum 1 oz American coin in my wish list. Platinum is low right now and possibly has legs for vthecfuture.,,,,..platinum is cheap! Palladium...way over value and I think due for a big correction in spot price.
Platinum might not monetarily be the best investment short or long-term because despite its in some aspects superiority to gold metallurgically (that is, greater density, more resilient and resistant to wear than gold, higher reflectivity, higher melting point and higher corrosive threshold) not to mention it’s being more rare in occurrence than gold it lacks a comparable track record and warmth and unfortunately cold platinum closely resembles silver a historically more common and less desirable( aesthetically )metal than gold.Yet looking forward platinum will eventually play a bigger role in technology and as an enhancement to watches and jewellery et cetera being more rare than Gold it’s added value will fluctuate high and low for centuries to come and so therefore it’s better to hold platinum for a very long-term point of view actually generational, wherein lies the wisdom of buying as much as you can when it’s historically relatively low- priced at the time of purchase.It’s a much longer game in terms of yield than gold or even silver.But because it’s the relative new kid on the block it’s actually the Rich mans silver as opposed to silver being the poor mans gold.😐
I bought that platinum bar you advised me not to buy.... But I got it for Penny's over melt price it was like 28$ and they have 2 more I'm gonna go back and buy...
The platinum price is around the production costs that most producers have. No wonder nobody is talking about it. 😉
This talk about not being able to sell platinum coins back is news to me. But what I find comical is people saying "I'll buy at $700". Sorry but you're not getting that chance, probably ever again. I own both physical platinum and shares of the PPLT trust. Believe me, the latter is why you'll never get a crack at 700 or probably even 800.
Something cool about those Platinum platypuses
I have a few 1 gram bars. I might buy a Britainnia 1 oz, but that’s it. Too volatile to do any real investing.
Gold is not rare. There are millions of ounces. In 2018 there were roughly 3300 TONS of gold mined. In 2019 there were 190 TONS of platinum mined. That is about a 17 to 1 ratio. Platinum has many more industrial uses as well. Gold, like Silver is considered a monetary metal. There are about 8 oz of silver for every ounce of gold. 1 oz Pt = 17 oz Au = 136 oz of Ag. in nature. Either platinum and silver are far undervalued, or gold is way over valued. Value is always subjective, it is based upon what someone will pay for it. But given reality, I would purchase Silver or Platinum over Gold. All 3 are better than fiat currency.
Gold has a few thousand year head start in mining so the ratio is really like 30 to one.
When you can get an oz of plat for 50oz silver and 2 plats for 1oz of gold. I bought platinum just because .....
harryzero 156 me too. Two 1oz Kangaroos a few days ago. Couldnt pass it up.
considering platinum was worth 2 oz gold in the past and that its way rarer
@@humility-righteous-giving its still more rare
I think its worth picking up an oz just because.
The low mintage and low premium on Perth 1/3 oz'ers
I could have sworn I liked and commented on this video already😁 Wow! Happy Holiday's Silver 🐉's
Henry Von Muegge lol you did. I had to re upload it because the audio got messed up. I guess youtube hates platinum 😂🔥🐉
Great video, enjoyed it. With regards to car sales, if people stopped leasing cars (& wasting a ton of $ in the process), that may even help the economy actually lol
This video aged interstingly, paladium came down from it's high of 2000$ an ounce to 950$ an ounce, and platinum went up from 935$ an ounce to 1050$ an ounce.
I have some platinum eagles, but in hindsight, I wish I had got the Australian platinumpus instead.
The premium is higher on the eagles.
I dont mess with platinum because none of my LCS will buy.
Mine deals with it, though I never asked about selling to him.🔥
Screw the video. Is that really your picture???
Chris yeah gotta do that research for sure! 👍🏽🔥🐉
Chris I don’t plan on selling any of my metals. Their long term in my case. Many feel the same as you about platinum. And I’m so tired of listening about Cadilitic converters.
I would go to a coin show or expo and sell to a dealer. You can probably get a few quotes from different dealers to get the best price too.
I firmly believe the auto industry will flip back to Platinum. Palladium is getting a bit high the Auto company's want more profit. Once flipped and price hits $2,000 range will trade into gold. My lcs has plenty of platinum.
The Tree People 777 if they go back to platinum then I could see the price going up for sure 🔥🐉
@Al Marcel 😆 electric cars??
@Al Marcel who says we are going to electric cars in the future? Reading too many articles. Auto companies/corporations aren't making any profit 🤦on electric cars ha
Electric is not the answer. And takes just as many resources if not more to have electric. Replace the battery 🔋 every 7 years. Smh. Its not the future and is high maintenance. Humans will pick biodiesel or ethonol/econol over electric.
yeah I took a hard look at energy density, engineering pros-cons of energy sources for vehicles...lithium batteries are no slouch, but it's extravagant compared to gasoline (C8H18 & friends), which transports as a liquid, starts in the cold, is about 100x more energy dense...an 85kWh Tesla battery pack weighs about 1200 pounds, ~200 miles range. But 1200 pounds of gasoline == 190 gallons, or 6403 kWh, at 30mpg, ~5700 miles range.
Weird that you make this video the day after I bought my first platinum coin. Apmex has a sweepstakes atm where if you buy a platinum you get entered to win a 1 oz coin. I bought a 2020 1/10oz brittania
SilverSwitch176 nice! The only reason I got this was because it was a spot deal... congrats on your purchase! 🔥🐉
Do you ever fear they will recover platinum from ships to devalue such as gold and silver coins
Am stacking platinum just got my 1st 1/10 thinking of getting a 2nd platinum coin.. there under $200 😁😁
Very good video it was very informative, A+
it's nearly impossible to stack platinum in Australia, when the spot price is $1300 aus, coins are being sold at $1500aus , $200 premium!!
im gonna buy a platypus this coming week, ill be a few, not too bad for the only bullion platinum coin from the Perth Mint
Didn't age well right?
Hey Dragons,
I really appreciate the video!
It's pretty much everything I've researched on so far but it's really cool that you covered it.
I bought a 1998 1/4 ounce American coin with the Statue Of Liberty on the front and it's a beautiful coin. (I may have to join the PlatinumPlatapus club also!)
I wouldn't mind collecting up to about 2 to 10 ounces.
It seems to be at a general low comparatively so. One person said they wouldn't expect it to go below 700 or 800. I like that you mention that it went to $2200 in 2008 and $2000 in 2011. Sounds like a good "Investment Metal" to me. However, silver from 17 to 50 is the logical choice of course. Like in 2011? The 50, 48, anyway.
I need to look into mining platinum. It's probably a pain to mine.
Cheers,
B
BrIronman BTL yeah of you don’t throw a bunch of money at it then the risk is low 😏🔥🐉
Good video, good information.
I own a couple ounces of platinum assays. The price has been fairly steady. I’m interested in collecting more. Yes or no?
Michael Pringle it’s up to you but it seems like a risk to me 🔥🐉
If you're looking to far,
and take it fro me,
buy that platinum bar,
or maybe even three ;)
I'd wait for a hockey stick, then buy some. At some point, it is bound to find an industrial application other than cats. Especially with modern technology which places ever higher demands on materials.
I have one platinum coin. I may get more, but I am really a silver and gold stacker.
P WHALES you are me both my friend 👍🏽🔥🐉
@@SilverDragons47 , Yes we are friends 😊
Wow beautiful looking design Coins ever 10out10!!! :D
OcOmega Shadow 👍🏽🔥🐉
I thought gold and silver would skyrocket when we have inflation, like right now, what's the hold up? I'm not ready for higher prices yet, I'm still in the accumulating phase. I just need 10 more yrs, in 10 yrs it can skyrocket.
Since 75% is mined in South Africa, the price could skyrocket if they don't feel like exporting it anymore. Not to mention the unknown uses of platinum that haven't been discovered yet.
What advice would you offer someone who's on low income but thinking about investing in platinum?
1/10 oz platinum
Any thoughts on the value of platinum and palladium with the conflict going on over in Ukraine with Russia?
Don't buy platinum. Buy shares in South African platinum mines.
I think it's a good buy at these prices if you have somewhere to liquidate it later.
Adam 78 yeah if you have a buyer then you are one step ahead of most! 🔥🐉
Adam 78 all big bullion dealers buy it no problems
1 ounce $100 Platinum Eagle cost less than a 1 ounce $50 Gold Eagle.
I know this sound stupid and it might be but I bought some Platinum because as a Star Trek fan, it sounds like "Gold Pressed Latinum". Cover it in gold and a Ferengi would lose his mind.
Platinum is also used in chemical refinement and used in the medical industry i.e. chemo therapy and is also used in other refinement.
Good advice, but I think diversity is more likely to help you than hurt you. So I think having a bit of platinum and palladium is not a bad idea. I would probably say that one ought to have at least 1,000 ounces of Silver and 10 ounces of Gold for every ounce of platinum or palladium that they have, but that's just my own personal assessment of what makes sense ratio-wise.
veritasfiles yeah if you aren’t throwing to much money at it then the risk is low... but also potential rewards 🔥🐉
Thank you very informative. Make more plat vids.
Just bought an ounce (Royal Arms) platinum coin on the recent dip
In the casino the platinum award is above the gold award in the Fort Knox game series.
Thanks for the video....
Silver Lover you are welcome and thanks for watching! 🔥🐉
Done an updated video on platinum now?
Only gold and silver are money, platinum are risky as investments but good to have as collectables or possessions
How Can You Tell The Difference Between Platinum And Silver ?
Thats what robert kiyosaki said. He accidentally sold platinum as silver
It'll usually be smaller, as Platinum is much more dense than Silver. It is also not as reflective or conductive as Silver.
steelersjourney11111 because of the stamp on the bars or coins 😂 also a precious metals verifier knows the difference 🔥🐉
steelersjourney11111 cry by
Silver ounce is way larger then a Pt ounce.
Hmm you're making me wonder if I should go to gold instead of platnum right now
I have almost 2 ounces of platinum eagles
I just bought my first ounce of platinum. Got it for $100 over spot unfortunately but it was cheaper than most retailers. I’ll wait until it hits $1000 before I sell for gold or silver.
Basics of stacking platinum? First rule, don’t. Second rule, don’t. Why. When the SHTF your market is seriously reduced. Stick with silver and some gold.
Stuart Cogan 😂😂😂 the first rule about stacking platinum is don’t 😂😂😂🔥🐉
Stuart Cogan what if the fan continues to run?
If the world ever stops accepting platinum, then your gold will also be worthless, and/or taken by force. That's a world where "preserving wealth" won't be the primary concern of day-to-day life. It will be hell on Earth and "transfer of wealth" will often involve the ultimate currency: ammunition.
Anyway, with this new round of QE, I'm feeling pretty good about my tiny expansion of my platinum reserve. In a decade or two, we're going to have paid for this QE and it's going to be ugly for anyone that thought that saving green pieces of cloth was the way to preserve wealth.
We won't start mining platinum from asteroids for probably 50 years or more. By then, I'll probably be on Forbes top 3000.
What about palladium? Is this more risky than platinum?
James McLennan not sure but it is much more expensive right now 🔥🐉
With gas prices as they are, if more companies begin steering away from diesel commercial vehicles then the price of PGM's will explode.
How rare is platinum compare to gold and silver?
Many times rarer than both but there's a reason it's a lot cheaper than gold. Just because historically it's been more than gold doesn't mean it'll ever return to that level.
@@Ffollies history often repeats and with the russia debacle, I beleive platinum will get geared back into the automotive industry with palladium rocketing so high right now. I can see 2k platinum in the future 2-5 years
@@outofthebox5441 Possible, I'm not too familiar with the workings of the auto industry and their uses of precious metals. Doesn't a large amount of platinum come from Russia? I'm thinking it might effect the supply eventually.
All PM including PL is better than paper as the cliff gets closer.
funkybunkyus oh way better than paper no doubt!! 🔥🐉
I know platinum is lil cheaper than gild so I might get some more weight to my silver stack and instead of gold get some platinum or get both by the gram or 1/10oz
Jonathan Reese it is cheaper for sure! 👍🏽🔥🐉
Please make another vid on this with yankee i just tweeted at you asking for an update
Electric cars use a lot of silver so it will drive the price up on silver.
Platinum is a difficult investment to have faith in right now. I don’t have any but I might buy in for an ounce if it dips below $800 an ounce. My biggest concern is who would want to buy it from me.
Silver Damsel yeah you really should talk to your LCS and see if they would buy it 🔥🐉
What about now?
@@hybridher0 I own Two 1oz Platinum bars now.. I have to reservations about buying it at a good price.. I picked up mine at about $880/oz 😂 about a year ago
You can sell back to banks
At this point I would stay away from Platinum. IMO I can only see prices dropping down with electric cars becoming more popular. A large amount of platinum use is in making catalytic converters. Electric cars don't have catalytic converters, so demand and prices may fall a bit until the world finds more better uses of platinum.
lol catalytic converters don't set the price of platinum.
Silver and gold are the only true money, and are in a league of their own. Platinum is too hard, for one thing.
That's why it's a good choice for money it doesn't just rub away like silver and gold
@@nelsonfisher7151 You can't easily chisel a platinum coin in half, and it doesn't have a multi-thousand year track record of being money.
CaninesBestFriend right... it’s only been around for a few hundred years 🔥🐉
Last year gold n palladium crossed
Ah yes, the age-old question up or down?
What's the difference you ask? the difference is being a winner or a loser....
Do you stack Rhodium??
Just-Looking-For-Treasure I have 0 🤷🏽♂️🔥🐉
Just-Looking-For-Treasure do people buy bars or the powder 🤷🏽♂️🤷🏽♂️🤷🏽♂️🔥🐉
And you can even melt it to make ur wedding ring
I wouldn't risk a cent on platinum. Transportation is going to radically change in the next twenty years. Our electric motors and internal combustible engines will be the horse and buggy of this century's beginning.
john bellinger very possible! we will see! 🔥🐉
Question is, do we have enough electricity in our grid to power up all those electric vehicles that will replace our old combustion engine cars? Not so sure. There will always be gas powered cars.
JMB buys platinum NO issues
Yeah.. it's not working out so well...
Stick to gold and silver! Thats your real money! Platinum is very hard to sell.
LATIN STACKER I agree completely 👍🏽🔥🐉
JMB buys it now problem