Dear Platinum, We Need To Talk... | Why Are You So CHEAP And Worth Less than HALF of GOLD!?!

Поделиться
HTML-код
  • Опубликовано: 24 дек 2024

Комментарии •

  • @JC-Jason-DK
    @JC-Jason-DK 2 месяца назад +58

    Best time to accumulate is when it’s unloved and unpopular. Stacking platinum hand over fist knowing it’s selling for the cost to extract out of the ground. Also 20-30 times rarer then gold 1/3 of the price of gold!

    • @stephenyoung8429
      @stephenyoung8429 2 месяца назад +6

      Totally agree 👍

    • @milohenry1233
      @milohenry1233 2 месяца назад +4

      Yes but the demand is gone and is not coming back ?

    • @tokertalk9648
      @tokertalk9648 2 месяца назад +7

      @@milohenry1233 that's what all the dumb money is saying.

    • @richardhumphrys7907
      @richardhumphrys7907 2 месяца назад +3

      21 times rarer than Gold.
      Above ground supply that is.
      Also doesnt wear like Gold.

    • @milohenry1233
      @milohenry1233 2 месяца назад +2

      @@richardhumphrys7907 yes but what are its uses ?

  • @cyclingphilosopher8798
    @cyclingphilosopher8798 2 месяца назад +19

    Considering the platinum to silver ratio, the platinum to oil ratio and even the platinum to cumulative CPI ratio are all below the 50+ year averages, platinum just might one of the most undervalued precious metals.

    • @dboi4952
      @dboi4952 20 дней назад +1

      It's actually more under valued than silver.

    • @cyclingphilosopher8798
      @cyclingphilosopher8798 20 дней назад

      @@dboi4952 From a pure value perspective, yes. I actually think silver is a bit overvalued at the moment.

  • @dleetr
    @dleetr 2 месяца назад +17

    Retail here (Australia), you can get 2.4 oz of platinum coins, for a one ounce of gold. So the ratio keeps slipping away. Well until that gold pull back. I stack collector platinum bullion as well. It's a cheap high psychologically and a long term play. A couple of ounces a year isn't going to wreck my gold goals.

  • @daveschaumann6636
    @daveschaumann6636 2 месяца назад +9

    Sell your platinum now? Are you mad? This is when you buy. Platinum silver ratio is at an all time low. If you're thinking of selling now you bought too high. It's obvious what will happen eventually so in the short term I am very happy to see it go down and will continue to buy until there's no more for sale-- we are already practically at that point now. See the amazing low price as what it is--a gift from God!

  • @Gumardee_coins_and_banknotes
    @Gumardee_coins_and_banknotes 2 месяца назад +8

    Most people have no idea what platinum is, but they know gold. Even if they do or dont collect coins.

  • @DudeNamedRed
    @DudeNamedRed 2 месяца назад +10

    Bought my first oz of platinum 2 days ago and later found this video. Maybe justifying my purchase. I see it as undervalued and the "best buy". Never been into it but that just changed. Now I have 3 metals in my stack.

    • @jonstolarski
      @jonstolarski 2 месяца назад

      Costco started selling platinum bullion so expect demand to go way up! I'm in the same boat as you, I don't think gold will drop significantly unless the federal reserve gets abolished or something, but even still, platinum is wearable as jewelry, and with wear supposedly gets more brilliant over time. I don't know. I say it's a no brainer. Current world economic situation, terrible. Bullion of any sort looking very attractive right now. Especially considering the rarity of platinum. Silver is not rare there's still lots sitting in mines waiting for the price to rise before they dig it up.

  • @benwherlock9869
    @benwherlock9869 Месяц назад +3

    I've sold gold to buy cheap platinum. The world is truly mad. 😂 I remember in the 1980s platinum was loved and was more prestigious and always more expensive than gold.

  • @bingbong7316
    @bingbong7316 2 месяца назад +6

    I have the 5 Tudor Beasts released in platinum so far. The least reactive element in the atomic table, got to love it.

  • @darrenstettner5381
    @darrenstettner5381 21 день назад +2

    I’m buying platinum and palladium. Buying physical metals doesn’t seem like the most liquid option but I figure platinum and palladium are rarer than gold so they should theoretically be worth more one day. I would buy gold if it weren’t at an ath.

    • @mudvayne2311
      @mudvayne2311 13 дней назад

      Gold always sets aths technically

  • @AccuratePreciousMetals
    @AccuratePreciousMetals 2 месяца назад +3

    Platinum is definitely the odd ball out relative to gold and silver. We find its so much easier for us and the customer to move gold and silver bullion. great video

  • @davidwebb4904
    @davidwebb4904 2 месяца назад +7

    I would buy it, but the taxation stops me.

    • @davidwebb4904
      @davidwebb4904 2 месяца назад

      @@JasonDeville-fi4dh Paying 25% of MY investment money, to a corrupt war mongering government, to turn babies into dust half way around the world, I will not be any part of.

  • @nickgardener5802
    @nickgardener5802 2 месяца назад +2

    I’d still buy a completer because that white silver look on that particular coin is mesmerising.

  • @kylecrane5751
    @kylecrane5751 Месяц назад +1

    I like Pt, it's a cool element with very interesting but niche uses. I think it's undervalued and that's why I buy it.

  • @armin10211978
    @armin10211978 2 месяца назад +6

    I buy a little platinum each year, I figure the pieces I'm buying have a collectors value since its been lunar coins and kookaburras.

  • @MeagerMillionaire
    @MeagerMillionaire 2 месяца назад +3

    Ruasia just announced they are going to be adding gold, silver, platinum, palladium and precious gemstones to their reserves. Stay the course, platinum will have its day in the sun.

    • @dboi4952
      @dboi4952 20 дней назад

      It's funny how South Africa and Russia are basically the only countries that have platinum.....and they are BOTH in BRICS ....It's not hard to see where platinum is headed.

  • @monkey39128
    @monkey39128 2 месяца назад +17

    Gold just has a magic power over humans. Like moths coveting the light.

    • @Empyrean_Enigma
      @Empyrean_Enigma 2 месяца назад +1

      Yeah, it's valuable, useful, scarce, pretty, delicate & heavy.

    • @dane3038
      @dane3038 2 месяца назад +2

      There is simply something primal about both silver and gold.

    • @jonstolarski
      @jonstolarski 2 месяца назад +1

      God made it to be used as money. It's God's money. It never rusts, it's beautiful, it's easy to make into jewelry and coins and stuff. It has magical properties in itself, dude. it's a magical metal.

    • @monkey39128
      @monkey39128 2 месяца назад

      @@jonstolarski No offense mate but God and I don't exactly see eye to eye.

  • @petejames1326
    @petejames1326 2 месяца назад +1

    with gold at 2650 and pt at 960, i think pt is the far better buy considering pt has traded MORE than gold for so long, eventually this ratio will come back to at least PAR, but of course it could take another 10-20 years

  • @dboi4952
    @dboi4952 20 дней назад

    During the covid era, i saw the price of platinum, gold and silver go up. Eventually gold and silver settled down, but platinum remained where it was and hasnt budged. I said to myself AHA!

  • @ThatGuy-mu2rr
    @ThatGuy-mu2rr Месяц назад

    I have Palladium and Platinum in my stash. And will continue to accumulate it until Gold and Silver do a significant pull back.

  • @paulstevenkelly
    @paulstevenkelly 2 месяца назад +3

    Platinum will surge, undoubtedly.

  • @DA-lq9kp
    @DA-lq9kp Месяц назад

    The Pt price is not going anywhere soon. Industrial metal, there is a surplus and ZA are actively promoting mining to help with employment. The redeeming factor is that Pt is a wonderful tactile metal. I have been fascinated ever since drawing a mixture of H2 and N2 over a red hot platinum wire at school, seeing the wire continue to glow and smelling ammonia. Having carried 10 kg of Ag metal upstairs yesterday, it reminded me that Pt is a much better stash than Ag considering their respective weight to cost ratios. I have a 1 kg of Pt but purely as an indulgence. If you are into metal investments then it should be Au every day. Regard all else through an industrial lens...

  • @marsbetelgeuse7599
    @marsbetelgeuse7599 22 дня назад

    Buffet: be fearfull when all people are greedy, be greedy when all people are fearfull. Now that said, I'm very bullish on platinum

  • @davidboyd4026
    @davidboyd4026 2 месяца назад +10

    I still have a platinum Maple Leaf that I paid $2500.00 USD. I am starting to understand it is an expensive and pretty paperweight 😊

    • @thedude5599
      @thedude5599 2 месяца назад +3

      you bought at the top. bad timing. Start buying more so you can cost average down

  • @syovar1
    @syovar1 2 месяца назад +1

    If you are a regular stacker with some exit strategies, stick with gov't bullion platinum. Its not a big seller at all. That being said, strangely the big bullion dealers will give you well over spot compared to gold when selling. It almost seems like they know a long term potential of it....

  • @darrenstettner5381
    @darrenstettner5381 21 день назад

    I am buying platinum and palladium but it’s also because I’m getting into making jewelry. I think platinum makes neat jewelry because it’s so heavy. It’s a ring you can feel the weight of. I’m definitely not skilled enough to work platinum or palladium yet but maybe one day far in the future I’ll have the ability. I bought it now because it does seem cheap right now. There are pretty massive premiums though.

  • @Jan-m5c2r
    @Jan-m5c2r 2 месяца назад +1

    ...and Platinum replied: "Dear BYB, I'm really not cheap or the opposite - I'm a production commodity and my price is basically driven by demand. Don't be fooled by mints who have re-invented me as investment coins and bars. I'm not in gold's league at all. Gold is just a distant cousin." 🙂

  • @johnlee4897
    @johnlee4897 2 месяца назад +3

    Worth keeping a few platinum coins as you never know. Quarter Brits, USA quarter/tenth eagles and older Pobjoy plat bits are nice.
    Also there's an old saw that platinum is 30 times rarer than gold which is a myth. 30 times less platinum has been dug up but in the earth's crust, it's more abundant than gold. Look it up.

    • @rufusmctavish6442
      @rufusmctavish6442 Месяц назад

      There's 212,582 tonnes of gold above ground. 5 million ounces of platinum above ground, and 60 billion ounces of silver above ground. Also, platinum is much more difficult to mine because you have to mine at a greater depth. So platinum is extremely rare.

  • @dboi4952
    @dboi4952 20 дней назад

    I love how people are calling platinum "worthless" and "cheap"....its a THOUSAND DOLLARS at its cheapest

  • @AY-qf4pg
    @AY-qf4pg 2 месяца назад +8

    Platinum is just over priced silver!
    I kid i kid....or do i?!

  • @patrickleonard1410
    @patrickleonard1410 28 дней назад

    It's ironic that it is much rarer than gold,but half the price platinum has infinitesimal uses,in agriculture it's used in producing nitric acid from ammonia,used in making nitrates in fertilizers essential for food,as a catalyst it's compounds are used in chemo- therapy,it is essential in technology .very undervalued.

  • @johnomeara1316
    @johnomeara1316 20 дней назад +2

    With the upcoming trade wars I stocked up on platinum as a good investment I paid just over $1000 each 1 oz bar

  • @fin59shaw
    @fin59shaw 2 месяца назад +1

    I don't always see your videos, but I see enough to know about you. So, I am ready to do some pouring, just got a small kiln today! This last video here, I love Platinum, and I do buy some, really I want it, but I get distracted. Anyway, I am going to start smelting with Aluminum, just to play around and learn how the process works. I am pretty excited, and will move up to Silver, I think it would be great to pour my own designs, especially USNavy and Pirate stuff!

    • @KumaBean
      @KumaBean 2 месяца назад

      Melting, not smelting.
      Smelting is an extraction process. 🍻

    • @fin59shaw
      @fin59shaw 2 месяца назад

      @@KumaBean I am smelting. These beer cans of have paint on the outside, and they actually have a plastic liner on the inside. All aluminum cans are that way. I want pure Aluminum, but it isn't easy.

    • @KumaBean
      @KumaBean 2 месяца назад +1

      @@fin59shaw For sure, from cans you’ll have contaminants, so you’d want to clean it up, but it’s not through smelting.
      smelting
      noun
      the _extraction of metal from its ore_ by a process involving heating and melting.
      Melting, not smelting. 🍻

    • @fin59shaw
      @fin59shaw 2 месяца назад +1

      @@KumaBean OK, thanks!

  • @farqs6070
    @farqs6070 2 месяца назад +2

    Platinum prices won't rise significantly until South Africa slows down production. But mine employment has become a political hot potato. There is huge political pressure on the mine companies there to keep employment levels high. Past attempts to bring supply in line with demand (with the corresponding job layoffs) have been met with riots. So, there is only so much scaling back they can do. Google news stories about the layoffs at "Sibanye-Stillwater mine". Some cuts were made there by casting blame on the Americans and Russians (e.g. they say America allowed Russia to dump its platinum strategic reserves on market to aid ailing auto industry). So, far, it hasn't led to political upheaval. This has lifted platinum prices a little bit. If they can scale back production some more, we will see the platinum price rise substantially.

  • @fragdad
    @fragdad 2 месяца назад

    3 things I have learned since buying my stack. How cheap the silver price is. I was really surprised. (Still can't get my head around that one). Platinum in the 70's and mid 80's was very expensive compared to gold. In terms of wedding bands anyway. And more frustrating, I always thought gold was really expensive until I looked back on historical price charts. Back then, the sovereign ring was a big fashion thing. If only I had known ot was £110.00 PER OZ😮

  • @johnathangodwin1277
    @johnathangodwin1277 2 месяца назад +2

    Just traded some for a gold cross I wanted I was trying hold on till it goes up but I thought to myself I might not be around when it does lol

  • @richardlocke7264
    @richardlocke7264 Месяц назад +1

    40% of Platinum demand is automotive- internal combustion engines automobiles are coming to an end. So 40% of it’s market is disappearing. Sell it now, even at a lost. Silver is used in all electronics the industrial use is growing. Silver will outperform

    • @brandonholman1556
      @brandonholman1556 19 дней назад

      Hydrogen Fuel Cells use platinum, but that market is about 10 years in the making. New technologies never use large amounts of already expensive metals; they get them cheap so they can manufacture more for production sales (e.g. lithium). Platinum is also in a supply deficit for the next 10 years. Low supply, high demand=price goes up. Just gotta wait.

  • @daviniarobbins9298
    @daviniarobbins9298 2 месяца назад +1

    I only buy 1/10th platinum coins. Don't see the point in buying a full ounce coin when I can buy a half ounce gold coin for almost the same money.

  • @seminumismaticguy8575
    @seminumismaticguy8575 2 месяца назад

    It's an industrial metal like silver people think it's an advantage it is slightly but the disadvantages far outweigh the benefits over a true investment metal.

  • @the_islandstacker
    @the_islandstacker 2 месяца назад +1

    I also have a 1oz Queens Beast Completer, likely I was able to get mine without having to pay VAT. I wouldn't buy it having to pay the VAT as it just kills the potential upside. Still have hope that platinum will have a resurgence even if it's only because of it's rarity 🤞🤞.

  • @dglass2008
    @dglass2008 2 месяца назад +2

    THE ONLY reason that gold is doing better than platinum is that: GOLD can be plated, while platinum is mainly an industrial metal!!!

    • @rumcoke9123
      @rumcoke9123 2 месяца назад +2

      you obviously dont understand central bank buying. Gold is money while platinum is not.

    • @dboi4952
      @dboi4952 20 дней назад

      The FED was about to pay its national debt with platinum. It's money alright ..

    • @dglass2008
      @dglass2008 20 дней назад

      @@rumcoke9123 get your facts straight!!!!

    • @rumcoke9123
      @rumcoke9123 20 дней назад

      @@dglass2008 lol. hope you are joking. Thats a fairy tale.

  • @shimsteriom4191
    @shimsteriom4191 2 месяца назад

    Thanks BYB 👍

  • @GarandKhan
    @GarandKhan Месяц назад +1

    Barrow or buy cheap. When it matures sell it later for better experience. Platinum is not cheap, it is still at 1K with the spot price and premium combined. Cheap is Silver at 30 dollars an ounce. You must be a rich boy, never spend time on the streets, calling 1K cheap.

    • @dboi4952
      @dboi4952 20 дней назад

      😂 IKR, people are acting like platinum is worthless, it's a THOUSAND DOLLARS

  • @theyuha
    @theyuha 18 дней назад

    Sell Bitcoin at 109,000 and but platinum with some of the proceeds?

  • @nates4310
    @nates4310 2 месяца назад +3

    The “historic price” argument is so flawed and laughable
    The Washington monument capstone is made of aluminum because at the time it was more expensive than silver - want to trade me your silver for my aluminum?

    • @dboi4952
      @dboi4952 20 дней назад

      Historic prices have more significance than the Washington monument.....

  • @rumcoke9123
    @rumcoke9123 2 месяца назад

    Its been a dog and I own a lot at 800 USD from the Covid lows. I also own gold and silver which have done a lot better so Im ok. NOBODY buys platinum for stacking. its almost purely an industrial metal with jewelry use. Its a very illiquid market so hoping to see a 1/1 ration again with gold 1 day where I could swap for more gold. I have bought impala ( IMPUY ) a few weeks ago and up 40% on it so maybe its an indicator.

  • @Joseph.mansion
    @Joseph.mansion 2 месяца назад +5

    Dont make videos about platinum nobodys talking about it. which makes it stackable and cheap 😊

  • @Happycamper10
    @Happycamper10 2 месяца назад

    Platinum looks too much like expensive silver, I would buy it for 2x silver price. As a step from silver to gold. It may end up falling in between. The density of the platinum is very cool tho.

  • @goldbearbunny4787
    @goldbearbunny4787 2 месяца назад +2

    I did buy 1 platinum maple leaf just because I Don't have any won't be buying any more

  • @dane3038
    @dane3038 2 месяца назад +1

    Basically, Platinum is dead unless a new industrial use for it is found.

  • @JonathanJoniz
    @JonathanJoniz 2 месяца назад +2

    Platinum is mainly used for catalytic convesters in gas cars. More EVs means less demand for platinum, same with palladium.

  • @meteoman7958
    @meteoman7958 2 месяца назад +2

    If silver were compared to Platinum, another industrial metal, rather than the tier one asset gold, one could see that silver is highly over valued. See the Bullion by Post Pt vs Ag chart. EDIT: Or platinum is highly undervalued.

  • @Pincott1534
    @Pincott1534 2 месяца назад

    Rotheriam shurley, you are talking about rhodium

  • @thecornishbiker9323
    @thecornishbiker9323 2 месяца назад +1

    I think it doesnt have the appeal because it looks like silver to all but the trained eye.

  • @GeorgeOneEleven
    @GeorgeOneEleven 2 месяца назад +7

    Because platinum isn't a precious metal. It's not bullion. It's a rare industrial metal that's being artificially propped up as being comparable to gold and siver. In reality, it's just not. And its price over time reflects that reality.

    • @turokforever007
      @turokforever007 2 месяца назад +3

      Bit like copper

    • @dboi4952
      @dboi4952 20 дней назад

      It is a precious metal. It's more precious than gold. If it wasn't, it wouldn't be worth a thousand dollars an ounce. Just like silver, it's price is being manipulated. For most of history it's been worth more than gold, so it isn't being "propped up".

    • @GeorgeOneEleven
      @GeorgeOneEleven 20 дней назад

      @@dboi4952 for most of history, the world hasn't even known about platinum's existence. And to be clear, being a precious metal is more than just having a high spot price. It's about having a level of intrinsic value that artificially props up its price significantly higher than what it would be just for industrial use.

  • @amenhotepv2844
    @amenhotepv2844 2 месяца назад +1

    Elon lost about 80% with Twitter/X. Platinum is not that bad.

  • @DollfieFace
    @DollfieFace 2 месяца назад +1

    I've got some (very limited) exposure to platinum, but that's through equity in the major mining stocks.
    Appreciate that's not what this channel is about, but I can't see much of a reason to stack physical platinum. It's not bullion.
    Personally, I think silver will do a lot better in the medium term. To each his own.

  • @WatchesOnWood
    @WatchesOnWood 2 месяца назад +2

    0:17 how do you wedge something when it's on the outside?😂

    • @shanethrelfall416
      @shanethrelfall416 2 месяца назад

      I guess it’s wedged by air either side of it all 😂
      But I get what you’re saying
      I thought the same 🤦🏻‍♂️🤔

    • @BackyardBullion
      @BackyardBullion  2 месяца назад +1

      It's provocative, it gets the people going!

  • @vandreren4290
    @vandreren4290 2 месяца назад +1

    Platinum is the ugly duckling of precious metals.

  • @mudvayne2311
    @mudvayne2311 13 дней назад

    I just want 3 more ounces and i complete my goal

  • @LukeCabral-ip7dh
    @LukeCabral-ip7dh 2 месяца назад

    It is 100X rare than gold or silver but there is no Industry that demands it Jewelry is how it came famous before but without diamond's it just looks like a nice Silver piece of jewelry...Find or make a demand?$?

    • @dboi4952
      @dboi4952 20 дней назад

      With that logic, rubies and emeralds should be worthless

  • @dizzyd7820
    @dizzyd7820 2 месяца назад

    Il tell u why other metals dont move well cause none of them matter just gold simple just gold

  • @shanethrelfall416
    @shanethrelfall416 2 месяца назад

    I wouldn’t touch Platinum
    Ditch and switch

  • @1977JohnBoy
    @1977JohnBoy 2 месяца назад +1

    a 4k oreo!

  • @frazzledhaloz3184
    @frazzledhaloz3184 2 месяца назад +1

    Bwhahahahaha this made me laugh!❤

  • @Sweetchilliheat18
    @Sweetchilliheat18 2 месяца назад +1

    I think platinum is a smart buy right now
    I havent bought any
    Wonder what that means lol

    • @mudvayne2311
      @mudvayne2311 13 дней назад

      You can't stand behind the product

  • @petejames1326
    @petejames1326 2 месяца назад +1

    this is what i dont get, if russia is holding back supply and all the sanctions on russia and all the mismanagement in south africa and its mines, surely pt would be at least US$1500 now? yet its below 1,000, dont get it.

    • @dboi4952
      @dboi4952 20 дней назад +1

      It doesn't make sense because it doesn't make sense.

  • @MrTarmakan
    @MrTarmakan 2 месяца назад

    Who produced most of Pt and Pd in existence? Russia and South Africa. Who is setting the "market" price? Britain. Go figure... Why would colonizers pay a fair price to the former colonies and "bad guys"??

  • @Scroofies
    @Scroofies 2 месяца назад

    BYB, you are promoting a company which... well can't really say that because the company has no right to do any business anymore as it got deleted in May. So there is no company anymore behind a website of European Mint. The prices still include VAT but if there is no company, who will be paying that to the government? Is there a possibility to get ripped off buying from them?
    BEST BULLION OÜ
    Status: Deleted (02.05.2024)
    VAT identification number: Expired - EE102000076 (Ended 02.05.2024)