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Should We Be Buying Platinum In 2022? | Why Is Platinum SO Cheap Compared To Gold?
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- Опубликовано: 17 май 2022
- #Gold #silver #platinum
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Why is Platinum so cheap? Why is platinum worth less than gold? Should we be buying platinum right now? These and many more questions we shall ask and answer in today's video. I think platinum is a very undervalued metal and one that could very easily out perform gold and silver. However it is a difficult metal to own physically with taxes and issues selling it. What is best for you might not be best for others.
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Putting price aside, Platinum is a very impressive metal. It doesn’t tarnish or corrode, doesn’t react with anything, holds up to extreme heats without deforming or discoloring and on top of all its very dense and heavy. It’s a noble metal!
Add to that the fact that it’s available in the earth crusts in about the same amount as gold but much more geographically concentrated (80% in South Africa) and you have a recipe for much higher prices.
Also, pretty much all the easy platinum has been mined and now they have to go miles down to get it at a cost of about $850 an ounce last I checked. I don’t see the current prices of platinum as sustainable. I think Platinum price now is a steal!!!. Time will tell but I’ll guarantee you, a few years from now, platinum will easily be back up with gold like it always has been and for good reason.
I sold 80% of my silver stack last year to capture the high premiums and rotated into platinum. I consider it the contrarian's contrarian metal which fits in line with my personality. Great video and cheers 👍
I bought 50 Ozs of Pd in 2006 at 300 USD an sold it all in 2021 at 2100 USD Oz. Switched all to Pt at 700 to 900 an Oz and will sell in 2035 when it reaches 4000 USD OZ.
@@thedude5599 I have the same timeframe
Cheers 🥂
@@thomascrown can’t be sure if platinum is under valued or gold is over valued.
@@TheBooban place your bets
Can you help me? I have a supplier< they found 87 PIECES OF PLATINUM. 36 ounces. and 999.9 mark. If interested please reply.
Gold is a monetary metal, platinum is an industrial metal, silver is both. I stack silver and gold, but respect anyone’s choice to stack whatever they want.
what good is platinum when we stop using it in our cars.
@@Viper4ever05 I ask myself the same question, and don’t own any physical platinum.
But if gold was monetary it would be backing the dollar and that ended in 1971. Gold is a collectible and a jewelry metal. Yes of course it does have value.. yet you can't go to the store and buy groceries, clothes or a vehicle with it. (until you trade it with a reputable dealer)
@@fljetgator1833 government’s actually view it as a reserve currency. That’s why it’s held by central banks and governments.
@@Viper4ever05 well I'd be interested in knowing where you learned that. Perhaps there's something I misunderstanding about it. Currency has not been backed by gold in this country (USA) since 1971. You are correct I know in regards to countries sure do store it. They hoard it for some reason but you can't take a piece of gold and go to the store and buy something and with all due respect that was my only point. Have a good evening
Platinum rules. 🎉60% platinum, 30% gold 10 silver.
Ive been perplexed by the price of platinum? Im 69 and I have always been told that its more valuable than gold!
Because of its rarity and density, I wouldn't be surprised if it became a monetary metal someday, maybe valued at 10 ozs of gold to 1 oz of platinum.
10oz gold to 1? Baby, you better be loading up if you really think such a thing. Like, NOW.
@@joecavy7869 I've been getting some, but I think 10 to 1 might be awhile, lol.
in 1970 it was 5-1 so 10-1 is reasonable honestly
Platinum is 30 times rarer than Gold so could go to 30 to 1 one day who knows
Platinum in jewellery is superb because polishing it does not result in loss of mass, unlike gold which is softer. Maybe we just have to hope more luxury watch cases etc get made with this material. I like it’s density: 1 oz of it is simply smaller and more fun to slip in my pocket to be carried around. 😆 On a more serious note, the future of hydrogen cells and electrical vehicles will require platinum too for its other properties.
Totally agree
Ultra high end electronics rely on platinum for connections, as technology progresses, so will the demand
Platinum has pros and cons: Pro: supply, which is a very tiny fraction of Gold. I've read that all Gold ever mined would fit into a cube 80 feet on each dimension. Platinum: a cube 15 feet on each side (which makes platinum about 80x rarer than Gold). Con: Gold has THOUSANDS of years serving as a monetary metal, Platinum has ZERO years serving this function. For decades, Platinum did sell at 50%-100% premium to Gold, this reversal is a very recent phenomenon. Still, never overlook the fact that Gold, Silver & Copper have been the foundation of every functioning monetary system in the West since 3rd Century B.C. Rome (the solid silver Denarius anchored the entire Roman Empire for about 400 years), when Rome split, the East Roman Byzantine Empire was anchored by the Gold Solidus (with very stable prices) for nearly 1000 years!
Thanks very much for sharing!
Great comment!
Nordic gold has a potential comeback. The world is unpredictable… It goes in circles.
Platinum was only discovered in 1735, so prior to that its no wonder why it doesn't have the monetary history of Gold or Silver. Platinum was also used as a monetary metal in Russia in the 1800's and has only recently been brought back into the monetary fold when the Canadian Mint started Minting Platinum Coins again in 1988.
@@TylerMarsh87 Your reply is totally correct 👌 and a far more valid one than his and his was wrong about never being used for money and until covid platinum was more valuable, it's the rats (investers) who have pushed up gold prices and when consumers say enough is enough and won't pay the prices jewellers are asking for jewellery they will run back to the sewers causing gold prices to collapse and platinum will be king again. I wouldn't buy gold at the moment because it's far far over its true price, buy platinum because it's far far under its true price and an excellent investment 👌 you may have a couple of years wait, but it will pay off big time!
I'm bullish on nuclear energy and hydrogen tech long term, so Platinum and Uranium I buy. 20-30 oz of platinum is my goal!!
Odds of gold doubling from here in next 5 years are miniscule, however chance for platinum to double in value is at least 50%. Meanwhile, downside risk is smaller than for gold. It should be the main metal to accumulate.
you really think so?
I ponder this but I don’t think it could actually be. I guess I should buy some platinum so I don’t second guess myself
Its just not going to get any cheaper. I dont think we will ever see pt going less than 870 ounce. Gold i wouldnt be shocked it it dips to 1600 but lower than that i dont think. Silver might dip its toes in the 19.20 etc maybe 18.70 but no lower. Barring complete chaos re Brics or financial collapse i think gold peaks around 2200. I think silver has realistic room to go to 37ish. Now platinum should in the next 2-6 years work up to 1800 potentially old palladium territory of 2500 ish so yeah when economy picks back up silver and pt way way up. If chaos breaks out financially all bets off with gold it could go to 3-6k easily with hyperinflation which at that point you wouldnt want the 6k you would just keep the gold. Platinum is the best buy at 1k no doubt nowhere to go but up
i started buying platinum over a year ago. i try to buy some every week and i will continue to buy each week. here in the states it is easy to buy and sell platinum. platinum is not taxed in my state and has a great chance of going up in the future..
I wished I would have picked up more fractionals a couple of years back to be honest of platinum. And silver coins for that matter
What state is platinum not taxed
@@mudvayne2311 south dakota and many others
Tsarist Russia issued some platinum coins in the 1890s and early 1900s.
It is understood within the culture as being the most valuable thing, and that is largely based on the physical properties you mentioned.
The price is crazy low currently, and there are very few places where you can mine it. I agree it is a long term bet: at some point the price will explode upwards, but that point is hard to predict.
@@JM-oi9pk platinum is very hard compared to gold which is very soft too. platinum actually has a few properties better than gold.
Price crazy low - hmmm
As with silver what better way, than manipulating price ridiculously low, to put the average Joe punter off buying any and for week hands to throw the towel in.
well that's easy if smart money is what you want to be
@@JM-oi9pk rubbish gold is 2.5 on the Mohs scale and platinum is 4 so it's much harder and gold reflects 80% light and platinum 95% light (same as silver) SG is 19 for gold and 21 for platinum, also gold is common and platinum very rare and until recently platinum was far more valuable and will be again, I'm buying all I can get hold of in the form of wedding bands 950 because that's the biggest bargain at the moment, I wouldn't buy it in the form of coins they are still way over priced
@@colinheath3115 weak not week!
I've been noticing the price/value of platinum lately . I consider platinum a high tech metal and it's spot price is becoming very attractive .
I diversify, including into Platinum. It's a metal worth having some of and I believe it's just a matter of time before we see notably higher prices.
Please make a video talking about Palladium too. Also, that density difference was more significant than I previously thought. Please show a silver, gold, platnum, and palladium coin next to each other
Hello from Kansas! An absolute PLATINUM FREAK here!! I think in 3-5yr you will see auto companies switching back from palladium to platinum as in 2008 these 2 metals went CRAZY! 1 more little fun fact...USA highest denominational coin $100 platinum eagle, what is the palladium same size twenty five bucks. Thank you sir for your time and share! Stay safe stack on and Peace from the land of OZ!!!
I have never had any problem selling my platinum. I usually get over spot for coins!
I've yet to pick up any platinum. I think that'll be my next purchase when a big check comes in. Price wise it's at a sweet spot for me. $1000 is doable without too much sacrifice and it's not silver. Got enough silver for the time being. Palladium is going to hurt.
I stayed till the end...and what really struck me is when you said it was easy to copy and difficult to sell...I'm only stacking for long hold/investment as I think the dollar will eventually collapse but I want to have that ease of selling in case I need to with gold. Still...tempted to buy a couple ounces just in case. Thanks for the vid.
Interested to hear what your test methodology for platinum consists of. As an aside, platinum also has a critical use in high voltage electronics as it's high melting point makes it the metal of last resort in connections that arc, or might arc. In that scenario, platinum is the least likely to melt into a short circuit producing liquid.
Density test
Great points! & perspective. Love holding platinum in hand. Has many industrial uses. Difficult to refine. It should increase in value over time, but who knows ?
I’ve never been afraid for buy a few ounces of PD in bars here and there, platinum will bounce back to its formal glory and is at a great price right now.
Speaking from the USA where we don't have a VAT, there is just too much upside potential to ignore. I was going to purchase more gold , but now I'm considering adding PT to the stack.
Picking up a few ounces of platinum is a great idea, it's wayyyy undervalued.
Not all of us can afford it 😢 I have 2 ounces atleast 2300 for both 1 Oz coin 1 Oz bar
Spot was over 2000k for 1 Oz so I'm OK but my goal is 5 ounces but I stack silver also so I pick up on dips I don't focus so much on 1 metal
I sure hope you're right because I buy it all Gold Platinum and Silver
Fingers crossed!
Can't go wrong with THAT approach! ❤
Watching your video in early 2024. Very interesting how things change over time. However, I would still agree with you regarding the ease of selling platinum versus gold or silver.
Cheers
When you look at rankings of metals it’s ALWAYS “platinum, gold, silver”. So the fact that platinum is lower than gold right now shows that it’s a good buy. It’s also going to always be in demand even in EV because their are fuel cell evs which are gaining traction and will have platinum being used.
For all you who do not know platinum is monetary metal too.
I have a few 1 gram bars minted by the Swiss. Thinking about taking the plunge and buying a 1 oz Britainia and a 1 oz Maple Leaf.
Greetings from Russia! Yes, it was nice to look at the platinum coin. We have not minted such coins for many years, although they were issued in the 90s and in the USSR, recently showed on his channel the rarest coin of Russia, with a circulation of 900 pieces of platinum, the Russian ballet. I really like it and now it's in my collection.
What is crazy is platinum jewelry is more expensive than gold even though it's half the price, primarily as it's difficult to work .
Not if you buy from Mene
Very true. Platinum jewelry is crazy expensive.
Fun fact ::Best way to test platinum is to burn it till it's red hot , platinum is the only metal that doesn't oxidized with a flame like gold or silver. Meaning it doesn't turn black after you burn it
Nope. The best way to test platinum is using X-ray fluorescence and also test the cross-section to eliminate possibility of fake core
Thank you for this video, very useful hearing your experience of platinum.
I like platinum too. I can but it on Ebay, from the major dealers, for 10-14% over spot for coins and 10% for bars.
I appreciate you content amd info .
I for 1 have been thinking of getting a small amount myself but it was high and I'm kicking myself for not buying while it's down now. Thx.
Thanks for watching and commenting!
It won't hurt to buy few oz of platinum. Might go up might not
It's still a win win no matter what
Absolutely love platinum.
Good to hear!
I got an ounce of platinum (American Eagle) to take the place of about 3 of my 10 ounce silver bars. The main reasons (for me) was that is was more rare than gold, more dense, higher melting point, and corrosion resistant. I guess it's platinum's characteristics. I really liked the American Eagle because it is the only $100 face value U.S. coin. I realize it's not as negotiable as gold or silver but its unusual and cool.
Stayed to end. Got some, I am underwater on but still feel it could be the one - the big one.
Thanks for sticking around to the end!
Your video and content kept me watching to the end. Hi from Australia!
Awesome! Thank you!
Loved the vid as usual. May add to collection just for the spread of risk Vs potential gain.
Well ,as once a famous banker said; gold is money, and … according to Ben Bernanke it’s tradition. These are two of many valid reasons why l will always choose Gold over Platinum. I do not invest in precious metals for speculation, for this purpose Bitcoin and stock market seems to be a better place.
Gold is more like a real estate, only much more easy to sell, hide or move.
Platinum in my opinion is an expensive industrial metal in first place, and probably it is perceived in this way by majority of people who love to invest in PM
Let me get this straight. Bitcoin at 30 I is less expensive but platinum at low ratio levels at 950usd is expensive? Fine ok you be you. I would think it over just my opinion
30k
@@rockymarcianothe3rd135 Finite amountof BTC...they all have their place..
Both can’t be man made at a feasible production cost.
Platinum is also more difficult to mine than Gold, but it still looks like Silver.
Platinum’s buy back from bullion dealers and LCS’s is not as favourable. Always a huge factor.
I keep telling myself over and over that I’m going to buy platinum next time I go to the coin shop. Every time I leave, I leave with silver and/or gold. For some reason, the heart beats out the brain when it comes to deciding what to buy.
My coins shops never have platinum
@@nwalker2619 - it's a sign
@@nwalker2619-
We asked for signs
The signs were sent
I’m mainly gold and silver fan also. But I do buy platinum from time to time just to have some. Just bought a proof 1/10 American eagle 1997 first year of them I think for $190. Coin shop guy had 225 on it here in America Michigan so I was happy and couldn’t resist at that price.
Gold is expensive at the moment. Long term platinum stacking. I consider platinum a 10 year plan…buying one a month.
I believe you are correct on platinum, i have 6 oz of platinum, and will buy more for sure.
PT is something I wanted but never bought.. Every time I had money for PT I chose to buy Gold lol
would have to agree with you here, about platinum. 1 oz American eagle and 1 oz Tudors Beast Lion on sale now for $1090 USD
Nice, those are good prices compared to gold
Where they for sale at this price?
It's absolutely impossible to create fake Pt coins with tungsten. You'll see forgeries in Pt bars -- b/c you can conceal them in the packaging which is easy to fake -- but to make a maple, eagle, or lion of the correct weight and dimensions would cost much more than the original.
Yes u cant fake a coin with less dense metal... the dimensions or weight would have to be off.
Just got a 1 oz platinum maple and a 1 oz platinum Britannia in the mail today. My goal is to fill a tube of each.
50 k 😬
Problem with Platinum is simple: it doesn't have any monetary role.
Thank you for information. I was Tempted to buy. And through your info I have more knowledge to be cautious. I do ck. Spot price often. I’m still tempted 🤫
Thanks for video ❤
I am a fan of Pt, but I prefer 100X over... My goal is a 15oz Pt stack and done... Gold on the other hand will be a lifelong growth...
I have very little platinum, and yes it is very difficult to even have sellers. This is one metal I'd suggest to get the top 3 government bullion only, or just invest in stocks for platinum mining. Fractional platinum is even more challenging.
The problem about silver is that the above ground supply so much resistance to a price breakout at the amount of people sell it as the price increases really damp any type of sustain long-term. I’m also bullish about platinum as it is extremely difficult to mine. It takes a lot more energy to mint. It’s just sitting above the production today and if it ever gets cornered on the market we can definitely see similar to rhodium
I thought tungsten's density was close to gold not platinum. However, you're showing at the end that platinum looks twice as dense as gold.
I hadn't really noticed the relative decline in Pt price vs Au until I saw the title of this video, so thanks for that ;)
I find buying physical bullion unattractive due to the fabrication premium, shipping, storage and insurance costs compared to spot price (and the effort required to ensure you don't accidentally buy fake bullion), so I just buy a set dollar amount at spot + 0.5% via a Perth Mint online depository unallocated account. I had been buying gold and silver each month, but as Platinum seems relatively cheap compared to gold and silver, I'll add some Platinum to my monthly purchase from now on.
Thanks for sharing your thoughts!
Your insane for keeping your metals unallocated with a mint....You sound like you don't have a lot of metals...meaning 1000 ounces of gold and 100k ounces of silver...If you don't hold it you don't own it.Get creative...Trusting a system and mint(perth with questionable business practices..you must be a shill for the mints...
@@davec7354 'If you don't hold it you don't own it' - hmmm, so sad about all the other assets I also don't "hold" - eg. shares, managed funds. bank accounts, title deeds to investment properties etc etc. There must be a flaw in your logic somewhere? Or do you lug around your 1000 oz of gold and 100,000 oz of silver (and a gun and tins of food) everywhere you go? Or perhaps you just sit locked into your basement with your 'hoard' day and night?
ps. Unallocated bullion 'on account' with the Perth mint has the account value guaranteed by the state government of Western Australia - so it is a *lot* more secure than any 'promise' of, for example, insurance cover paying up if some physical bullion you 'hold' was stolen etc.
pps. I'm not a 'shill for the mints' or 'insane' - you don't have to be a rude a-hole just because you disagree with someone else's opinion.
You guys get screwed in the UK with tax on silver and platinum bullion
I think Platinum is a good buy we've seen the price be more than gold then it fell and Palladium went up more than gold I think the pendulum will swing and platinum will go up more than gold again and Palladium will come down. Not to mention it comes out of the ground 10 times rare than gold I think the price is going to Spike eventually
Platinum is good it can double in a couple years and buy double your silver. It usually follows golds price.
Excellent food for thought, BYB!
Thanks my friend!
It’s a simple process for me…do I want the shiney metal that looks like the sun or the moon?
Love platinum. Just wait for pullback below 900 usd
I must ramble a tad haha Platinum is lovely and rare but you have to think of the exit strategy and who is going to buy it from you if the price ever goes up because Jewelers will tell you it is extremely hard to work with platinum and who really consumes platinum? Auto Parts manufacturers but you cannot sell to them directly and how often do you see a Refinery while driving down the street? It really isn't that liquid and I used to have some but when the ratio of platinum compared to Gold became two, I traded my Platinum for gold and I haven't turned back since
And due to it's high melting point it never had the chance to become a monetary metal
I definitely did not know that tungsten is similar to platinum in the sense that people fake it
Byb you’re a funny guy! Here’s my take.. the only reason platinum went parabolic back in the day was because of its industrial use in catalytic converters, but with the advent of electric cars, catalytic converters will become obsolete and therefore without industry driving the price of platinum higher, the only thing carrying the price is it’s rarity, jewelry and that’s about it so I doubt that platinum will ever flip gold again
called some local coin shops thr will pay 30 dollars a gram... So about half price...
If the day comes when the auto industry goes to a hydrogen fuel cell battery the price of platinum will be much higher then it is today
We're not going to have everybody owning electric cars in a long time that's unrealistic
@@littleeagle7563 2.2% of global vehicles are electric cars today, it’s not a stretch to think that 10 years from now it could be the majority
@@esurfrider7687 There's no way we can go 100% electric. There will also have to be hydrogen fuel cell cars as well. Maybe some fusion nuclear powered car in the future?
Platinum is the hardest coin to fake. Tungsten is nearly identical in density to gold so it is a common fake for gold But there are no elements more dense than platinum that are commonly available besides ones that are worth even more per oz. The difference in density between gold and platinum is obvious just by watching this video. The platinum coin is noticeably thinner and no tools were even necessary to notice that. Calipers and a scale are a surprisingly simple check that actually work very well for platinum.
Can you give us a 4 stack density compare. Gold silver platinum palladium
My opinion, I just don't worry about metal. I don't expect to get rich, but I think it"s great to have. When I buy metal, it varies a lot. Sometimes only Silver, sometimes only a little Gold. Platinum is probably my favorite, but it is easy to get distracted. I did order the Platinum Tudor Bull of Clarence today, I have the other Platinum Beasts already. I think a complete set, eventually, will be kind of rare, and will be worth more as a collection.
Interesting, thank you BYB.
My pleasure!
Platinum will come back if you understand what it is used for and how it will be used in the future
Funny how platinum is denser than gold therefore being less thick but also being worth less than gold. Seems to me that people judge the physicality of a metal and a comparison with other metals instead of the technicalities or the chemistry around it.
BTW I have standardized my gold pile on Britannias only. After this video I desperately need to have Platinum Britannias, going to the Royal Mint site right now 😀
And sounds like BYB might have more to sell!
Too much premiums on platinum, 35% in Germany. I buy it in Switzerland as an ETF. In Switzerland this is separate to the bank assets and my property.
I’m saving ounces of platinum bars so if all else fails I’ll have a chain, bracelet, and two rings made. I love Jewlery. I do have an ounce of 1/10 Britannia’s I won’t Mel and two eagle ounces. Better than white gold any day which has to be played with rhodium to shine. My gold I have some two gram
Bars but my coins are all for stacking my bars are for melting and my silver coins are for barter or sale in years only been stacking for a year and it’s how I’ve saved more than ever because I’m not the best with cash or physical money, it goes fast, you can blow 20 to 30 bucks every time you stop at a 7-11 nowadays. It’s helped me hold money that will always have value.
PLATINUM is being ARTIFICIALLY being lowered in price.
gold gets watered down ie the carats whereas platnium ,like silver, is always sold as 99 percent purity or higher whether in jewelery or bars..
Platinum !! definetly
Why silver has a higher premium percentage than gold ? What are the extra steps in the manufacturing process silver goes through that makes it have higher premiums than gold ? Silver has a lower melting point than gold, so shouldn't it be easier to refine/process ?
Mainly cuz of market dynamics. Lets take some random numbers: A gold refiner sells 60% as bullion and 40% as industrial gold. A silver dealer might only sell 10% as bullion and 90% as industrial bars. If i am a silver manufacturer having to set up a large plant to sell only a small amount (comparativly speaking) i need to make sure that every ounce is worth it. Hence higher premiums.
@@935AscensionGroup That makes sense. Thank you for your insight.
THANKS !❤❤❤
It’s not very difficult to buy or sell. It’s difficult to find 1/10oz coins to buy, but not 1oz bars or coins. It’s not hard to sell at least in the states or Japan, actually it’s very hard to sell silver in Japan, most bullion dealers I visited only buy and sell gold and platinum not silver. Which blew my mind. As I have tons of silver lol.
good video! first time seeing your stuff. How does platinum stack up visually to silver and gold i wonder?
I've been staking gold for a little while & silver longer. I went 2 buy gold thought it's 2 high. Noticed platinum is 50% off!
Even if i hold for decades i will.
I just got my first 1/10oz platinum coin and I will likely be getting more very soon.
If there is a complete shift from diesel to electric vehicles, hence no more catalytic converter, will platinum finally be characterized as a monetary metal like gold and silver?
I love platinum proof eagles
I believe tungsten has similar density to gold that is why we hear about tungsten filled gold products. However platinum is unique in its density (nearly twice as dense as gold) and its very hard and has a very high melting point. Platinum would be very difficult to fake.
Exactly right!
@Regina he said unique density. What did u miss?
Platinum 10% more dense than gold.
I have the same feeling about Platinum, beeing the king of metals but I don't understand why Platinum for decades was always more expensive than gold, long before there were catalysators. What made the metal so precious?
Rarity of the element and production cost (mining and refining). Silver is 68th most abundant element in the Earth's crust (27,000 tons pa production). Gold is the 75th most abundant (3,100 tons pa production). Platinum is the 74th most abundant (similar to gold) but is harder to refine/process so has lower production (172 tons pa). Platinum is *sometimes* produced as a by-product during copper and nickel ore refining, but silver is a common by-product of gold, lead, copper and zinc mining and refining - actually 72% of silver production is as a by-product of other mining/refining, and only 28% of silver production is from mining where silver is the main product.
Aside from rarity, it is a durable, corrosion resistant, and not radioactive metal, similar to gold. Rhodium is another 'precious metal' but is produced/available in such low quantities that it isn't really useful as a trading good.
@@wealthelife Thanks 🙂
For me better the devil you know being gold and silver, platinum very rarely passes through my hands so no point in holding it, im probably getting a bit to old to hold platinum for the long term. Great content..
Dont forget silvers mining costs today are like $10.12 through $13 and we have a weak United States dollar.
I've never heard of counterfeit platinum. It's super dense and thin, you don't really need to test it, it's obvious when you see it.
Ps platinum is still king of metals just not this minute in this clown world
Clown world?
@@niemoikein4330 yes aka circus stupidity
Platinum works with hydrogen vehicles also
A massive vein of platinum was found which cutt the price in, more then have the price it was precious to the vein find.
never really thought about getting anything else next to gold or silver and prob never will tbh
Same
What other uses do platunim and palladium have? If they are mainly "catalytic converter metals" and if the future is determined to move away from petrol and diesel vehicles then do these metals have a future?, their massive gains were caused by a short squeeze in demand because of the catalytic converter boom era combined with the fact they are not really regarded as monetary metals historically so there is not the same stranglehold placed on them, surely their glory days have passed?
Such cloudy eyes. Humans use everything. Petrol was garbage a few hundred years back.
For platinum , the futur may lead from palladium substitution and hydrogen cell , in addition electrical véhicules can not all be connected with electrical grid which can not afford such demands
Platinum has jewelry, fuel cell hydrogen vehicles and then throw in the fact it’s way more rare than gold and a denser metal it technically should be worth more. But on the other hand there does need to be some serious industrial use to really bump it up. If no one is using it then I think it will die down in price.
Strange platinum used to be more expensive than gold yet not used in industry as a catalytic converter for cars.
45%gold 45% silver 10% platinum❤I have
it's an industrial demand metal. might even get cheaper. I'm unlikely to ever buy it again.