I came across this video accidentally and blows my mind. I never consider silver-looking metal for investment until this wonderful well-organized explanation. his intelligence is the ability to relate and see through all aspects of the metal platinum. the casinos exemplary was hard to notice (right under my nose). I got so much about platinum in less than 10min.thanks so much.
i had lot of respect for Mike, but when i heard his comment about Platinum, i disagree coz i've already seen that american platinum eagle has $100 face value and Gold Eagle has $50. So, Platinum is money...
Nobody can guess the price of these other metals - Rhodium, Palladium used to be so cheap, way below gold, now Rhodium is USD10k, and Palladium is also more expensive than gold. Platinum used to be higher, yet now is cheaper. These metals move very fast in each direction. If platinum is cheap now, it makes sense to stack some.
I agree. Platinum is much cheaper than all the other precious metals right now. I understand why - it's because it's use in catalytic converters has waned since consumer diesel has fallen out of favor. That makes sense, and I don't think consumer diesel is ever coming back. That said, this is still a temporary phenomenon. The other PMGs are expensive right now, *because* platinum is cheap. Palladium and rhodium are by products of platinum mining, and since platinum is cheap, they are in short supply. But this is not a permanent. Palladium and rhodium can both be substituted for platinum in gasoline based catalytic converters, and this will happen at some point. Longer term, both platinum and rhodium have uses other than catalytic converters, but palladium really doesn't. If I owned palladium, I'd sell it and buy platinum.
Yeah its a steal now. Got a few at 800. I would say as long as you can get it preferably under 1500 but as long as it remains under gold price. It will cross with palladium in the next 3-6 years and likely be between 22 to 23hundred near where palladium is now.
In my 10 years of studying chemistry and 4 years of working in analytical chemistry, I've been lucky enough to see and hold the Platinum, Palladium, Gold and Silver. Out of all the metals sent to the lab, everyone wanted to hold, touch and look at platinum. That, to me, shows how valuable it is. Also nearly every one of metal catalyst that I've personally come across in industry processes are Platinum or Palladium. Hopefully all that helps back up that there is a lot of value in Platinum.
@H Of course palladium and platinum haven’t bonded to carbon. Have a look at organic chemistry (carbon) and inorganic chemistry and you’ll find out why 👍
Platinum is used in temperature detectors due to its linear temperature coefficient of resistivity and its high melting point. Specifically high temperature detectors that require a great deal of accuracy (such as nuclear reactors). Not likely to affect the price of the metal but I just thought I’d point out one of its industrial uses and unique characteristics.
That depends on your goal. If you're speculating on short term price increases, platinum could very well be better. If you're betting against the central banks, you want gold. The central banks aren't filling their vaults with platinum.
Lion Battery Technologies Inc. is also researching & in development of the next-generation battery technology using platinum and palladium. The research will use platinum and palladium to unlock the potential of Lithium Air and Lithium Sulfur battery chemistry which weigh less and charger fast.
I invest in platinum because the ratio is so favorable for pt. I did this years ago with palladium and silver and gold. You will be buying the metals when the fundamentals look bad, that is why the metal that is cheap is down. I am loading up on pt like I did with other metals years ago. The market will shift demand to pt from pd over time. Also if countries in the world confiscate gold I think many people will run to pt. Silver is too cheap to move millions of dollars into it. I found this pretty obvious when I started buying silver and realized you will have to store literally thousands of lbs to store not that much money’s worth. Pt is the metal to buy right now imo. ~The 30 ur old millionaire.
thats the reason why silver will skyrocket, a millionaire can have a severe impact on demand. while on gold a millionaire will have zero impact on demand. platinum will always have demand for industrial purposes.
I’ve been going HAM on stacking gold lately, but my intuition is telling me to stack some platinum while it’s cheap. I bought an ounce today and will continue buying while it’s on sale. I was on the fence about it but this video helped me make a decision about it.
Ahhh sounds like me. I spend all day thinking which one to buy next. Thats the hardest part of stacking for me and I cant afford all at once. Silver says to me "well what about me im so friggin cheap you can get a lot of me!" Then platinum says "your gonna miss out on me im headed up up up" then gold says "im sexy af im friggin gold what else do i need to say?"
I feel as gold creeps up it will become unaffordable for the masses. It is therefore likely that other precious metals will come to the fore. As platinum and silver are both used in jewellery its not impossible gold will be the choice for the very rich. I think platinum and silver will go up in value with time.
Platinum is 30x more rare than gold. Combine that with the fact human beings will never stop inflating money. This metal will be a beast in the future.
Well I got a nice stack of platinum oz coins because I do what I want. I think platinum will outperform them all accept for Rhodium. I feed like gold has already reached its peak inflation hedge ratio. Platinum and silver are best IMO right now.
I agree that Platinum is money and so is copper and nickel and any other metal people agree to. In addition, you have to ask yourself why do they make a platinum eagle stamped with $100.00 on it. Hell, even zinc is money right now, look at the penny. I think it will shoot up when people can’t find silver or gold to buy.
Silver is much touted on youtube as undervalued and limited in supply. Platinum is more undervalued compared with gold and is even more limited in supply. Undervalued as it is, It is a more compact store of value, far more compact, than silver. If one is stacking silver to get out of dollars, stacking platinum will absorb many more dollars than silver. For that reason alone, I think it will rise dramatically as more people decide to shed the US dollar. This is I think overlooked by many PM analysts.
In Mr. Maloney’s case, it would be helpful to know just how invested in platinum he is. He makes it known that he is very invested in gold and silver so if he is not very well invested in platinum, it is against his interests to promote platinum as a good investment since that would take away the crowds who will invest in gold and silver and thereby increase the demand and the prices of gold and silver...... So, maybe the “platinum is not money” reason is another way for him to say that it would be against his own interests to promote platinum as a solid investment. To be fair, from what I understand, platinum prices are usually more favorable during healthy economic periods when industry is in a growth trend. However, if you can catch platinum at a low like we had in March, it is impossible to lose in the mid-term. It is very undervalued. And to be fair again, if we apply the fundamentals to the current circumstances, the argument for gold and silver are good as well. Like you said have some of all of them.
Gold and silver have a long history of being money. Platinum has only been available for what 150 years? Platinum is precious and rare. I suspect it will rise in value many times with the four other PMs. Which one rise fastest, whos to say. I nominate AU, AG and PT, they have the most upside. Diversify and have some of each.
What has held me back from platinum is liquidity. Less people trade platinum than gold or silver. I am afraid I won't find a buyer if the time came to sell in a reasonable time frame. I wish I could put this fear aside because platinum is such a great value.
That's the main reason I haven't jumped on platinum. I believe it's value will increase, but I don't believe I will be able to capitalize on its increase.
The PM community is great. I am new to it but getting heavily invested. My company does high heat applications, and learning that it must go to 3200F is pretty crazy. Very difficult temp to get to. I think it was formed from the hottest type of star? Pretty amazing.
Clearly spoken and well thought out comments. I like how you do not talk down about another person, but present why you disagree. I find it difficult to really get any information about platinum. What use do you see for platinum coming in 2021 or later? What is it mainly used for now? Why has the price been in a down trend lately?
Platinum is invested by people who research before investing hence its not known much and discussed and traded. Gold/silver has like huge popularity and is invested by people with/without knowledge ,research. I am Indian and we love gold, but i never inclined towards Gold beacuse its not that rare and is just working on sentiment and supply ,demand. In physical quality and properties, Platinum is rare, dense and better metal than Gold is giving you better value for money than gold is !
Excellent presentation and I agree 100%. I hold a good amount of platinum which I acquired in the March lows here in Australia. Given it's rarity and currently less than half the price of gold I believe it represents tremendous value. It is also very unique and beautiful.
It's an excellent catalyst and also is used in 50% of cancer treatments which is forever expanding. I have stacked gold and silver but the past 6 months have been on a platinum spree. You're right about it feeling unique to hold.
Great video. My thinking is, that most all gold ever mined is still available and stored somewhere . And since every year additional approx. 2500 tones are mined there are huge gold reserves available just sitting somewhere. So gold availability is only increasing over time. In the other hand platinum is mostly used in the industry and only small % remains as bullions and jewelry. Given it's more rare and mostly mined in South Africa and Russia I see also speculative advantages in owning Platinum as if something happens in these two countries supplies can be interrupted. Also historically platinum has been more expensive than gold most of the time. With cost to mine platinum around $1000 and cost to mine gold around $500 platinum is no brainer.
The Pt:Pd ratio has historically swung between 1:5 and 2:1 - that is a 10-fold move in either direction. Right now, the ratio says you should be positioned for a huge swing in favour of platinum. Indeed platinum looks like it has bottomed and has since outperformed the other PMs since the March bottom.
I have a fond memory about this. I was trying to take full advantage of a platinum dip in March 2020. Governor Inslee had signed an eviction moratorium and I was trying to buy 2 weeks to pay the rent so I can maximize the buy-in. The landlord (who didn't know about the real reason I was delaying the rent) wasn't receptive and illegally locked me out, and so I never paid up, I still have the platinum and he dropped the matter and I moved out of state a few months later. All that just because he wouldn't wait 2 weeks.
People will rush into platinum when gold and silver are thru the roof...platinum will out perform then. Platinum was money in Russia and England for a short period of time. But Platinum is know to most as more expensive than gold. Its time will come
As technology progresses, melting platinum and making alloys will become cheaper. We are yet to recognize higher uses of platinum in industry and demand in the future is optimistic by any means. Platinum plating is the best but still expensive and will be cheaper and more in demand in the future. And space tech will need platinum for sure
I actually agree with Mike. Platinum doesnt have a lot of industrial use outside of catalytic converters, and we dont mine a lot of it. You can make the same argument for silver (industrial uses), but gold and silver is more widely held high as inflation hedges. Would I rather have platinum than the same amount in USD currently? Yep. Would I rather have an ounce of silver over platinum? Yep. Just my $0.02. I'm interested to hear your perspective.
The right hand side of a gold cup has formed. Silver is building it's right hand side. Platinum is bottoming atm. All follow a similar long term trend line especially during times of economic crisis. I also see advancements in technology/medicine being a big factor for silver and platinum.
When it comes to industrial usage, note that platinum is still in baby shoes. For example, Japan aims to have a share of 40% in its carbonfree goals from Hydrogen. And that's only one country. Hydrogen fuel cells have platinum as one of key components. In order to manage the industrial needs for platinum in the future, forecast say we will be forced to increase the mining by multifold factors. That will not be managable due to its scarcity. In its latest report, the WPIC forecast a supply deficit for the platinum market of around 336,000 ounces in the upcoming years. One more factor to note is are the very low inventories of platinum above ground. When those are depleted, buyers will be forced to enter the longterm contracting with miners. It's needless to say, but let's point out anyway, today's price of approx. $1k per ounce, will look like a bargain. Difficult to make predictions, but I see a price over $10k per ounce in the next decade as very realistic. For more info on platinum as industry, you may want to check: oilprice.com/Alternative-Energy/Fuel-Cells/Hydrogen-Boom-Could-Lead-To-New-Platinum-Bull-Market.html Cheers
Platinum is Rare, palladium and rhodium are more rare. Platinum should be $3000 now and silver should be $200. BUY what is hated, when no one is buying. I remember just a few years ago Rhodium was $900, it rose to $14,000 in less than 2 years. Palladium was $178 in 2008 and was at $2500 last year. Silver and Platinum are extremely undervalued. Thanks for the video.
Totally agree with Rob. Platinum price is low because it is manipulated by paper market. Bullion banks are shorting the futures without physical metals (like what they did for silver). However, the situation is changing as more and more buyers stand for physical delivery recently. Platinum is for sure a safe heaven similar as gold. However investors usually chase for the product which is more liquid first. Once the dollar collapse, gold and silver price sky rocket and lack of supply, then investors will dig out the true value of Platinum (about 1.5~2x of gold price) and rush into the market. Notice that the supply of Platinum is 1/15 of gold so it is 15x easier for the Platinum price to go sky rocket.
If imagining a cube, silver would a one of 52m height and widh, gold would be one of approx 20m height and widh and platinum would be a cube of 7.2m height and widh. According to current geological data, it's a bit more than double rare as gold 7fold rarer than silver. Platinum's additional factor is that there are no pure platinum mines. It's mined as by-product of gold or copper mostly. It's high scarcity are resulting in approx 9400 tonnes of platinum in earth's layers.
@@zlatanstevic9971 By your numbers that would make platinum 377 times more dense than silver. You have to take each length of the cube to the 3rd power to find the volume btw. Your math would work if each "stack" has the same base dimensions and varying heights.
@@thedillestpickle yea I can eyeball it and tell him he is full of isht, just look at a one ounce Gold coin to a Platinum coin there is a size difference but nothing like what he is saying.
Well that DOES make sence but there are many uses for plainum! The only thing I question I have about platinum is 49% goes towards catalytic converters"for vehicles", if society is going electric eg tesla, platinum won't be needed......that's the only concern I have
One of the attributes of money is that it is easily identifiable. This is where I believe gold and platinum differ when it comes to their attributes. With that said I think platinum can reach any price that gold goes to in a bull run.
what industrial use does platinum currently have besides catalytic converters in gasoline vehicles ? will the lack of industrial use in the future with EV not cause the value to plummet ?
I remember when platinum was priced higher than gold. It wasn't that long ago. I don't remember why it switched. I tend to agree with you that platinum will have high industrial usage in the future, but it is a risky investment.
I guess seeking pricing reason from the demand & supply within the industry will be much better than just commenting on its appearance to justify why its undervalued. Prices of platinum group metals depends heavily on the industry demand, just 2 cents.
platinum is likely to overcome gold using a common mike melony argument for silver ,its that the buyer goes to the shop and says how much gold for a thousand ,s small half oz gold gets shown to him,,SO LITTLE ,how much silver ,same with platinum ,how can anyone with a brain in his head buy an oz of gold for the price of 2 oz platinum when platinum was once worth twice as gold and never ceased to be way more scarce than gold ,i think when you buy you must seek out the most disrespected items and platinum is extremely disrespected ,the last time i bought gold was at like $1500, i can't justify buying 1 oz gold for 2 oz platinum,,i think your wrong ,i think its silver platinum and use your gold dollars to BUY MORE PLATINUM!!! i like mike melony but i don't get how he can support bitcoin while trashing platinum ,bitcoin is a combination of hyper hype and pure BULLSHIT while platinum is better than gold in every sense except for historical value,,its rarer ,its way more useful in industry and its still considered very special in jewelry ,platinum has both gold and silver qualities combined into one plus its extremly disrespected and no one is talking about ,if i was one of those idiots buying palladium i would have now cashed it into platinum and no one ever talks about palladium and it went high despite it
It's funny, I've been around a few people now that are getting married and I've asked, "what kind of ring will you get?" And suggested they get a platinum one. Every single one of the 3 couples i asked said something along the lines of "no, but platinum's too expensive, we're getting gold". And i basically just tell them, and they're shocked
The U.S. Platinum Eagle is not Constitutionally defined as money. But, platinum has value and should not be underestimated. And the Constitution can be amended.
Platinum is awesome. One thing I think about is what happens when cars switch to electric and catalytic converter demand drops. It’s not obvious what would happen to price. Low cc demand would drop price, but mines might shut down too to restrict supply. No need for spark plug tips either. The high density is a HUGE benefit over gold. The ability to spot fakes with your eyes and a scale is very valuable for the common man trying to make a deal on Craigslist.
Hi Rob sotron, you really gave to read and look more into it but there are other very useful things platinum is used for that are just as nessasary for us as catylitic convertsers for vehicles!
Just picked up 6 one OZ 2004 platinum eagles $100 face value so it is money as much as gold or silver eagle's are . very low mintage makes these coins a great place to park $20k . now im looking at some sprinkles on the end of diversifying my portfolio
I bought platinum when it was 1200 announce it went up to 2200 and out and I did not sell and right now it’s somewhere around $950 the reason I never sold is because I didn’t need the money and I highly suggest platinum to head down to other generations I believe there’s a big upside to it
Very insightful video and honestly I think I can get behind this argument. If like myself your bullish on silver for industrial usage, future demand and being a finite resource... How can't you be on Platinum at its current price and it's scarcity. Never considered purchasing Platinum but it might be worth grabbing some incase there is a dramatic price correction.
My grandmother got married in the 1930s. During that time gold was scarce and she had a choice 9ct gold band or platinum band. She chose Pt. this could happen again. Also highly accurate temperature sensors have Pt in them PT1000 for example. The P stands for platinum. In my opinion Pt is a good long term bet. A 1 Oz gold Britannia has the same face value as a 1 Oz platinum Britannia (£100). 1 Oz silver Britannia has a £2 face value.
Platinum is heavily used in Catalaysts that is employed in the petroleum, natural gas and petrochemicals Processsing Technologies. The catalysts when deactivated are sent to platinum recovery facilities to recover the platinum from the spent Catalaysts
main thing im worried about with platinum is if a new platinum deposit is discovered.. I understand there is still lots of exploration to be done with platinum
I think it behaves more like an industrial metal than a precious metal. However, I think as a chemical catalyst, you can substitute between platinum vs palladium in many applications. So, I think it is possible that platinum will go up in price at the expense of palladium. So, I think it may be a good investment, but as an industrial metal not so much an investment metal.
What I like about platinum is all the things that you said. What I don't like about it is that in California, unlike $1,500+ purchases of gold and silver, it's subject to sales tax.
Maloney’s video against came right after.... I was thinking a couple days ago if what is more rare is more valuable, why is platinum cheaper than gold. I’ve run into a discrepancy between what’s more rare on earth and what’s more rare because less is being mined. I’d like to clear that up.
The stamped value of the coins that you mentioned in your other video is really interesting. Gold Maple $50; Silver Maple $5; Platinum Maple $50. so 10:1 silver gold and 1:1 gold Platinum. For the US coins it would be 50:1 and 1:2 with Platinum being higher valued.
I remember getting into gold and silver in the late 2000's. Platinum was from memory about twice the price of gold and it was just the case that it was always perceived, rightly so, as being a lot rarer than gold. Then something happened and since then it now gone the other way. I'm just thinking out loud but with the advent of the next gen of super computers the main issue is keeping things from getting too hot/melting. Maybe this will fuel the demand again. Even if it doesn't I think that people will be looking for PGM's and see that this is the one that hasn't yet joined the party. Just saying because when all is said and done it is still a PM it's just that gold and silver are more popular at the moment.
Completely agree Gary! There eventually will be more use for the unique metal. I hold as speculation currently being about 10-15% of my metals portfolio but I definitely believe platinum has its place and should not be disregarded. It is every bit the noble metal that gold is, just far more scarce above ground. Thanks for being here and appreciate the comment!
The only issue I see with platinum and palladium, is the future of vehicles will be electric, decreasing the industrial demand for these platinum group metals for use in gas and diesel vehicles catalytic converters.
Ah, one sentence i disagree is that when you said "platinum is like bitcoin of precious metals". Most consider bitcoin to be the gold of crypto, but the platinum spot hasn't really be taken yet. Maybe eth who knows.
Personally I love Platinum because just like gold it is a compact investment where you can place thousands of dollars worth in a free safe deposit box (free assuming a bank offers such with a minimum balance typically perhaps 20k which is about the right amount of cash to keep immediately available if you ask me) ...I love it right now BECAUSE it is so out of favor and therefore depressed in price ,,even though in reality it is like 30X more rare than gold and IS used in most of the categories that gold is namely as jewlrey (the most popular high end precious metal in certain markets like Japan) , AND being minted by major countries in monetized bullion the only real down side is in the market pressures due to commercial use and the current disfavor of it being used as a wealth store by Central Banks etc ....but other than that? I LOVE IT! At least right now to buy as an underpriced (me thinks) precious metal that in most years is valued HIGHER than gold! I feel like gold price right now is overly inflated and a sitting duck for a plummet where Platinum might outperform in a couple years when automically switches more BACK to it as a catylist for cars simply because it now costs LESS than Half of palladium... in the long run I maintain it is a DUHH to hold onto...maybe not more than a few percent of one'sport folio but still.... if you ask me? BUY! And HOLD long terrm! If you can hold long term? Oh well.....sucks to be you IMHO
I know this is an older video. I agree with one thing Mike Maloney said in that clip. I would say Platinum is so rare even compared to Gold that it won't ever be used as money to any meaningful degree. I'm trying to learn about Platinum. I believe it is a good time to invest in it. Electric vehicles may not need Platinum, but Hydrogen fuel cell vehicles do need it.
Yup its perfect timing hydrogen fuel cells come online in 2025 which is smack in the middle of this coming bull run in commodities. Platinum is being bought up and horded by corps right now then it will release.
I just invested in one ounce bars from credit suisse two to be exact and I so surprised how thin it is and I happen to have a one ounce bar of Gold from Rand Corporation and I did a double take, online the platinum looked as big as the gold bar, but in reality the physical dimensions of a one gold bar and a one ounce platinum bar are on different scales. I thought at first I got ripped off and then did some research and I found out that Platinum is a very dense metal. And I agree with you that if you have a physical precious metal portfolio that Platinum should be a part of it. But like you said a small 10-20 percent. After seeing your video, you got thinking that I should invest in purchasing another ounce. Thank You for opinion.
Industrial use is a good guarantee for its value. Gold, on the other side, is backed by its jewelry value, which has historic reasons but it is also shifting with consumer tastes.
I think Maloney sees a dollar crisis coming so Ag and Au being thought of as monitory metals will benefit in that environment. I’m big on the Au to Ag ratio and been watching the platinum to silver ratio lately. Today it closed at about 33. Hard to pass up that longer term investment. If it drops under 30 I’m seriously considering swapping some Ag for Platinum.
The money argument is bullshit plus mike is a salesman he wants you to buy gold and silver from him. Let platinum never be money but that doesn't mean it doesn't have value. Look at the other PGM'S like palladium and Rhodium they aren't money but they have industrial uses and applications. I'm a huge PGM'S bull and have done well with them and I'm stacking platinum heavily because of how undervalued it is compared to the other precious metals.
According to Mike's rules for money, platinum is money. He is right, it will not be rushed into like gold and silver, but it is an elemental metal that is rare enough to be precious. It will absolutely retain value and will be money for eternity, just as gold and silver.
Catalytic converters for electric vehicles made of Platinum are being developed, because of the current price of Paladium, that will the catalyst that Platinum needs
Watching this video again a yr later, I believe platinum can be money. It's rare, hard to counterfeit and is divisible. I think in a world where gold is money again, platinum could be the ultimate value. So platinum could be worth 10x more than gold. That's why I have some platinum.
Yet Mr. Salton, any video I've seen says gold and silver is expected to rise in the future! Not one person has said they think gold or silver will lower in the future.....thier ALL saying gold and silver are suspected to raise.....im just struggling with this on platinum becuase of the auto ind......that's a huge percentage!
Mike Maloney isn 't wrong when he says that people will rush primarily into gold not platinum if there 's a dollar crisis. What he doesn 't say is that the debased dollar will never regain it's former purchasing power while platinum just like other undervalued commodities will outperform even gold in the next economic cycle.
I think what Maloney is saying is that in the midst of a global financial meltdown you'll see institutional money flooding into Ag and Au but not-so-much Pt. Therefore, the two metals would see a run-up and quazi-currency adoption (maybe being used for large purchases). However, during a currency crisis, you'd see everything increase in price so any hedge that isn't dollarized is a good decision, including Pt. I just like looking at the historical ratios; and Pt seems undervalued.
Never seen a plat 1oz bar that thin. Mu bars are thicker and all checked out authentic. Also they were acquired from big reputable dealers. What kind of plat bar are you showing?
I loved my Platinum, I had 13 oz in 1oz coins, BUT, when you want to liquidate you have to find a buyer and for platinum that is not as easy as it is for finding a buyer for gold. ALSO, I think ones age comes into it, if you are of a pensionable age on a fixed income its easier to liquidate fractional gold, you will know before you leave the house what you will get for your Sovereign or Krugerand. With Platinum, your buyer will probably be looking to pass it on for a fiat profit. In short, if you have time on your side, tax free or low tax platinum with lowest possible premiums is very desirable. I disagree regarding it being a medium of exchange.
Great observation maybe it's the future Bitcoin.. when these markets crash people are going to be running not two digits on a piece of paper there going to be bailing out.... cryptocurrency is a trapdoor.. yes I believe cryptocurrency is going much higher.. and if it pulls back far enough I'll throw a little bit of money into it only what I'm willing to lose but the endgame with cryptocurrencies a catastrophe the petrodollar will not give up their power especially to crypto
There is something about Platinum that makes me want bars and not coins. I see it's demand as industrial use and not as money, makes more sense to me to buy bars.
i mean you could have someone swap it with any of the other platinum group metals but that would just cost more. and that's one of the reasons why its quite genious because it's the cheapest densest metal
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I came across this video accidentally and blows my mind. I never consider silver-looking metal for investment until this wonderful well-organized explanation. his intelligence is the ability to relate and see through all aspects of the metal platinum. the casinos exemplary was hard to notice (right under my nose). I got so much about platinum in less than 10min.thanks so much.
FJ FJ Thank you for the kind words! Really appreciate your support!!
helo sir how much or price per grams.thanks
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i had lot of respect for Mike, but when i heard his comment about Platinum, i disagree coz i've already seen that american platinum eagle has $100 face value and Gold Eagle has $50.
So, Platinum is money...
Nobody can guess the price of these other metals - Rhodium, Palladium used to be so cheap, way below gold, now Rhodium is USD10k, and Palladium is also more expensive than gold. Platinum used to be higher, yet now is cheaper. These metals move very fast in each direction. If platinum is cheap now, it makes sense to stack some.
MINDisLIFE Well said.
Do u suggest to buy platinum?
I agree. Platinum is much cheaper than all the other precious metals right now. I understand why - it's because it's use in catalytic converters has waned since consumer diesel has fallen out of favor. That makes sense, and I don't think consumer diesel is ever coming back. That said, this is still a temporary phenomenon. The other PMGs are expensive right now, *because* platinum is cheap. Palladium and rhodium are by products of platinum mining, and since platinum is cheap, they are in short supply. But this is not a permanent. Palladium and rhodium can both be substituted for platinum in gasoline based catalytic converters, and this will happen at some point. Longer term, both platinum and rhodium have uses other than catalytic converters, but palladium really doesn't. If I owned palladium, I'd sell it and buy platinum.
Yeah its a steal now. Got a few at 800. I would say as long as you can get it preferably under 1500 but as long as it remains under gold price. It will cross with palladium in the next 3-6 years and likely be between 22 to 23hundred near where palladium is now.
In my 10 years of studying chemistry and 4 years of working in analytical chemistry, I've been lucky enough to see and hold the Platinum, Palladium, Gold and Silver. Out of all the metals sent to the lab, everyone wanted to hold, touch and look at platinum. That, to me, shows how valuable it is. Also nearly every one of metal catalyst that I've personally come across in industry processes are Platinum or Palladium. Hopefully all that helps back up that there is a lot of value in Platinum.
LoL. I'd say you're ful of it. Everyone at the lab goes nuts on gold. LoL again.
@H Of course palladium and platinum haven’t bonded to carbon. Have a look at organic chemistry (carbon) and inorganic chemistry and you’ll find out why 👍
Platinum is used in temperature detectors due to its linear temperature coefficient of resistivity and its high melting point. Specifically high temperature detectors that require a great deal of accuracy (such as nuclear reactors). Not likely to affect the price of the metal but I just thought I’d point out one of its industrial uses and unique characteristics.
You are better off buying platinum over gold right now.
You were right!
That depends on your goal. If you're speculating on short term price increases, platinum could very well be better. If you're betting against the central banks, you want gold. The central banks aren't filling their vaults with platinum.
@@yamahantx7005 Sure, but you can always ratio trade platinum for gold.
Lion Battery Technologies Inc. is also researching & in development of the next-generation battery technology using platinum and palladium. The research will use platinum and palladium to unlock the potential of Lithium Air and Lithium Sulfur battery chemistry which weigh less and charger fast.
I invest in platinum because the ratio is so favorable for pt. I did this years ago with palladium and silver and gold. You will be buying the metals when the fundamentals look bad, that is why the metal that is cheap is down. I am loading up on pt like I did with other metals years ago. The market will shift demand to pt from pd over time. Also if countries in the world confiscate gold I think many people will run to pt. Silver is too cheap to move millions of dollars into it. I found this pretty obvious when I started buying silver and realized you will have to store literally thousands of lbs to store not that much money’s worth. Pt is the metal to buy right now imo.
~The 30 ur old millionaire.
Wise word's. I fully agree.
Very well said. I agree!
thats the reason why silver will skyrocket, a millionaire can have a severe impact on demand. while on gold a millionaire will have zero impact on demand. platinum will always have demand for industrial purposes.
I’ve been going HAM on stacking gold lately, but my intuition is telling me to stack some platinum while it’s cheap. I bought an ounce today and will continue buying while it’s on sale. I was on the fence about it but this video helped me make a decision about it.
None of us knows the future, but platinum is cheap right now, so I fell like you made the right move.
It's cheap, but those premiums are so high. I'm glad I bought those at sub $1000 a few yrs back.
Ahhh sounds like me. I spend all day thinking which one to buy next. Thats the hardest part of stacking for me and I cant afford all at once. Silver says to me "well what about me im so friggin cheap you can get a lot of me!" Then platinum says "your gonna miss out on me im headed up up up" then gold says "im sexy af im friggin gold what else do i need to say?"
@@jaymatthews5014 thats exactly what the voices in my head say
I feel as gold creeps up it will become unaffordable for the masses. It is therefore likely that other precious metals will come to the fore. As platinum and silver are both used in jewellery its not impossible gold will be the choice for the very rich. I think platinum and silver will go up in value with time.
Very good point Dave! I agree!
I'm an electronic technician and we rarely use platinum group some rhodium in heat sensors
Platinum is 30x more rare than gold. Combine that with the fact human beings will never stop inflating money. This metal will be a beast in the future.
Well I got a nice stack of platinum oz coins because I do what I want. I think platinum will outperform them all accept for Rhodium. I feed like gold has already reached its peak inflation hedge ratio. Platinum and silver are best IMO right now.
Refreshing! I was so sick of those "talking hands" channels. Someone that finally put his face on a precious metal video!
Subscribed
Thank you! 🙏
I agree that Platinum is money and so is copper and nickel and any other metal people agree to. In addition, you have to ask yourself why do they make a platinum eagle stamped with $100.00 on it. Hell, even zinc is money right now, look at the penny. I think it will shoot up when people can’t find silver or gold to buy.
Agreed!
I'm sure you wouldn't want to get paid in steel.... unless you happen to be a scrap metals recycler.
@@thedillestpickle, Than has been done too! 1943 steel penny during WWII. Saving that copper for ammo.
US Gov proposing to mint 1 trillion dollar coin(s) in PLATINUM. Why not use gold instead? I think this video summed it up nicely for the laymen.
I also can't see how Platinum is not real money. Next Monday at the Perth Mint...it's gotta be some Platinum to add to my 1 ounce.
Im with you!
I would love to have a platynumpus (a platinum platypus from perth mint).
When you calculate your portfolio in %, do you calculate its value or the quantity of ounces?
Value, but this is a quality thought experiment. Great question
I've been stacking gold and sliver for a long time. I'm looking into platinum now too. The fiat end is coming Subscribed
Silver is much touted on youtube as undervalued and limited in supply. Platinum is more undervalued compared with gold and is even more limited in supply. Undervalued as it is, It is a more compact store of value, far more compact, than silver. If one is stacking silver to get out of dollars, stacking platinum will absorb many more dollars than silver. For that reason alone, I think it will rise dramatically as more people decide to shed the US dollar. This is I think overlooked by many PM analysts.
Well said.
In Mr. Maloney’s case, it would be helpful to know just how invested in platinum he is. He makes it known that he is very invested in gold and silver so if he is not very well invested in platinum, it is against his interests to promote platinum as a good investment since that would take away the crowds who will invest in gold and silver and thereby increase the demand and the prices of gold and silver...... So, maybe the “platinum is not money” reason is another way for him to say that it would be against his own interests to promote platinum as a solid investment. To be fair, from what I understand, platinum prices are usually more favorable during healthy economic periods when industry is in a growth trend. However, if you can catch platinum at a low like we had in March, it is impossible to lose in the mid-term. It is very undervalued. And to be fair again, if we apply the fundamentals to the current circumstances, the argument for gold and silver are good as well. Like you said have some of all of them.
Well said.
Gold and silver have a long history of being money. Platinum has only been available for what 150 years? Platinum is precious and rare. I suspect it will rise in value many times with the four other PMs. Which one rise fastest, whos to say. I nominate AU, AG and PT, they have the most upside. Diversify and have some of each.
M Stevens well said 👍
I'm adding platinum to my collection an about a week. Looking forward to it.
The "lack of historical monetary use" arguement doesn't hold water.
chad siewert Agreed!
That's not true. Psychology plays a huge factor.
@Dissident Aggressor Well then, the science is settled lol
What has held me back from platinum is liquidity. Less people trade platinum than gold or silver. I am afraid I won't find a buyer if the time came to sell in a reasonable time frame. I wish I could put this fear aside because platinum is such a great value.
That's the main reason I haven't jumped on platinum. I believe it's value will increase, but I don't believe I will be able to capitalize on its increase.
The PM community is great. I am new to it but getting heavily invested. My company does high heat applications, and learning that it must go to 3200F is pretty crazy. Very difficult temp to get to. I think it was formed from the hottest type of star? Pretty amazing.
Clearly spoken and well thought out comments. I like how you do not talk down about another person, but present why you disagree. I find it difficult to really get any information about platinum. What use do you see for platinum coming in 2021 or later? What is it mainly used for now? Why has the price been in a down trend lately?
Platinum is invested by people who research before investing hence its not known much and discussed and traded.
Gold/silver has like huge popularity and is invested by people with/without knowledge ,research.
I am Indian and we love gold, but i never inclined towards Gold beacuse its not that rare and is just working on sentiment and supply ,demand. In physical quality and properties, Platinum is rare, dense and better metal than Gold is giving you better value for money than gold is !
Excellent presentation and I agree 100%. I hold a good amount of platinum which I acquired in the March lows here in Australia. Given it's rarity and currently less than half the price of gold I believe it represents tremendous value. It is also very unique and beautiful.
Thank you Neil! I am with you! Ive been adding platinum to my personal portfolio even at these levels! Appreciate you being here!
@@RobSoltan my pleasure Sir. Subscribed
It's an excellent catalyst and also is used in 50% of cancer treatments which is forever expanding. I have stacked gold and silver but the past 6 months have been on a platinum spree. You're right about it feeling unique to hold.
Great video. My thinking is, that most all gold ever mined is still available and stored somewhere . And since every year additional approx. 2500 tones are mined there are huge gold reserves available just sitting somewhere. So gold availability is only increasing over time. In the other hand platinum is mostly used in the industry and only small % remains as bullions and jewelry. Given it's more rare and mostly mined in South Africa and Russia I see also speculative advantages in owning Platinum as if something happens in these two countries supplies can be interrupted. Also historically platinum has been more expensive than gold most of the time. With cost to mine platinum around $1000 and cost to mine gold around $500 platinum is no brainer.
The Pt:Pd ratio has historically swung between 1:5 and 2:1 - that is a 10-fold move in either direction. Right now, the ratio says you should be positioned for a huge swing in favour of platinum.
Indeed platinum looks like it has bottomed and has since outperformed the other PMs since the March bottom.
Awesome video. I have followed a lot of precious metals channels in my day. You make the best case for platinum I have seen yet. Subscribed
Platinum maybe a future industrial in the space industry with the high melting temp. NASA and The Space Force.
I have a fond memory about this. I was trying to take full advantage of a platinum dip in March 2020. Governor Inslee had signed an eviction moratorium and I was trying to buy 2 weeks to pay the rent so I can maximize the buy-in. The landlord (who didn't know about the real reason I was delaying the rent) wasn't receptive and illegally locked me out, and so I never paid up, I still have the platinum and he dropped the matter and I moved out of state a few months later. All that just because he wouldn't wait 2 weeks.
People will rush into platinum when gold and silver are thru the roof...platinum will out perform then. Platinum was money in Russia and England for a short period of time. But Platinum is know to most as more expensive than gold. Its time will come
As technology progresses, melting platinum and making alloys will become cheaper. We are yet to recognize higher uses of platinum in industry and demand in the future is optimistic by any means. Platinum plating is the best but still expensive and will be cheaper and more in demand in the future. And space tech will need platinum for sure
I actually agree with Mike. Platinum doesnt have a lot of industrial use outside of catalytic converters, and we dont mine a lot of it. You can make the same argument for silver (industrial uses), but gold and silver is more widely held high as inflation hedges. Would I rather have platinum than the same amount in USD currently? Yep. Would I rather have an ounce of silver over platinum? Yep. Just my $0.02.
I'm interested to hear your perspective.
I like looking at the 10 year chart of silver platinum and gold. I think Gold upside potential is limited.
The right hand side of a gold cup has formed. Silver is building it's right hand side. Platinum is bottoming atm. All follow a similar long term trend line especially during times of economic crisis. I also see advancements in technology/medicine being a big factor for silver and platinum.
Gold and silver forum sent me here 😎 I like your channel man
Thank you for being here!
When it comes to industrial usage, note that platinum is still in baby shoes. For example, Japan aims to have a share of 40% in its carbonfree goals from Hydrogen. And that's only one country.
Hydrogen fuel cells have platinum as one of key components. In order to manage the industrial needs for platinum in the future, forecast say we will be forced to increase the mining by multifold factors. That will not be managable due to its scarcity. In its latest report, the WPIC forecast a supply deficit for the platinum market of around 336,000 ounces in the upcoming years.
One more factor to note is are the very low inventories of platinum above ground. When those are depleted, buyers will be forced to enter the longterm contracting with miners. It's needless to say, but let's point out anyway, today's price of approx. $1k per ounce, will look like a bargain. Difficult to make predictions, but I see a price over $10k per ounce in the next decade as very realistic.
For more info on platinum as industry, you may want to check: oilprice.com/Alternative-Energy/Fuel-Cells/Hydrogen-Boom-Could-Lead-To-New-Platinum-Bull-Market.html
Cheers
Platinum is starting to run. Will see if it holds?
Still running!
Great insight my man. I’ll be looking into platinum much deeper now
If palladium is at 2K, then Plat should be 4K.
if 2 oz platinum gets one oz gold ,its criminal to touch gold
It really is crazy the disconnect from palladium to platinum right now. I agree.
Platinum is Rare, palladium and rhodium are more rare. Platinum should be $3000 now and silver should be $200. BUY what is hated, when no one is buying. I remember just a few years ago Rhodium was $900, it rose to $14,000 in less than 2 years. Palladium was $178 in 2008 and was at $2500 last year. Silver and Platinum are extremely undervalued. Thanks for the video.
@@silverlion5384 crazy right?
Beautiful content.
Thank you.
I’m a believer in Pt.
I played this at 1.75x speed. Perfect.
Totally agree with Rob. Platinum price is low because it is manipulated by paper market. Bullion banks are shorting the futures without physical metals (like what they did for silver). However, the situation is changing as more and more buyers stand for physical delivery recently. Platinum is for sure a safe heaven similar as gold. However investors usually chase for the product which is more liquid first. Once the dollar collapse, gold and silver price sky rocket and lack of supply, then investors will dig out the true value of Platinum (about 1.5~2x of gold price) and rush into the market. Notice that the supply of Platinum is 1/15 of gold so it is 15x easier for the Platinum price to go sky rocket.
Personally... I think that if platinum is 30 times more rare than gold then it should have an equally elevated price evaluation of 30 x gold.
If imagining a cube, silver would a one of 52m height and widh, gold would be one of approx 20m height and widh and platinum would be a cube of 7.2m height and widh. According to current geological data, it's a bit more than double rare as gold 7fold rarer than silver.
Platinum's additional factor is that there are no pure platinum mines. It's mined as by-product of gold or copper mostly. It's high scarcity are resulting in approx 9400 tonnes of platinum in earth's layers.
@@zlatanstevic9971 By your numbers that would make platinum 377 times more dense than silver. You have to take each length of the cube to the 3rd power to find the volume btw. Your math would work if each "stack" has the same base dimensions and varying heights.
@@thedillestpickle yea I can eyeball it and tell him he is full of isht, just look at a one ounce Gold coin to a Platinum coin there is a size difference but nothing like what he is saying.
@@msubtech84 yup. Gold is 19.3 g/cm^3
Platinum is 21.45g/cm^3
Not a huge difference.
Well that DOES make sence but there are many uses for plainum! The only thing I question I have about platinum is 49% goes towards catalytic converters"for vehicles", if society is going electric eg tesla, platinum won't be needed......that's the only concern I have
One of the attributes of money is that it is easily identifiable. This is where I believe gold and platinum differ when it comes to their attributes. With that said I think platinum can reach any price that gold goes to in a bull run.
what industrial use does platinum currently have besides catalytic converters in gasoline vehicles ? will the lack of industrial use in the future with EV not cause the value to plummet ?
I agree with you Rob 100% I to invested in platinum when it went down to 750 I picked up my 2nd kilogram and never been happier
I remember when platinum was priced higher than gold. It wasn't that long ago. I don't remember why it switched. I tend to agree with you that platinum will have high industrial usage in the future, but it is a risky investment.
I guess seeking pricing reason from the demand & supply within the industry will be much better than just commenting on its appearance to justify why its undervalued. Prices of platinum group metals depends heavily on the industry demand, just 2 cents.
platinum is likely to overcome gold using a common mike melony argument for silver ,its that the buyer goes to the shop and says how much gold for a thousand ,s small half oz gold gets shown to him,,SO LITTLE ,how much silver ,same with platinum ,how can anyone with a brain in his head buy an oz of gold for the price of 2 oz platinum when platinum was once worth twice as gold and never ceased to be way more scarce than gold ,i think when you buy you must seek out the most disrespected items and platinum is extremely disrespected ,the last time i bought gold was at like $1500, i can't justify buying 1 oz gold for 2 oz platinum,,i think your wrong ,i think its silver platinum and use your gold dollars to BUY MORE PLATINUM!!! i like mike melony but i don't get how he can support bitcoin while trashing platinum ,bitcoin is a combination of hyper hype and pure BULLSHIT while platinum is better than gold in every sense except for historical value,,its rarer ,its way more useful in industry and its still considered very special in jewelry ,platinum has both gold and silver qualities combined into one plus its extremly disrespected and no one is talking about ,if i was one of those idiots buying palladium i would have now cashed it into platinum and no one ever talks about palladium and it went high despite it
It's funny, I've been around a few people now that are getting married and I've asked, "what kind of ring will you get?" And suggested they get a platinum one. Every single one of the 3 couples i asked said something along the lines of "no, but platinum's too expensive, we're getting gold". And i basically just tell them, and they're shocked
doesn't american plantinum eagles solidify it's usage as money?
MrSinnerr2 100%!
The U.S. Platinum Eagle is not Constitutionally defined as money. But, platinum has value and should not be underestimated. And the Constitution can be amended.
Platinum is awesome. One thing I think about is what happens when cars switch to electric and catalytic converter demand drops. It’s not obvious what would happen to price. Low cc demand would drop price, but mines might shut down too to restrict supply. No need for spark plug tips either.
The high density is a HUGE benefit over gold. The ability to spot fakes with your eyes and a scale is very valuable for the common man trying to make a deal on Craigslist.
Hi Rob sotron, you really gave to read and look more into it but there are other very useful things platinum is used for that are just as nessasary for us as catylitic convertsers for vehicles!
Just picked up 6 one OZ 2004 platinum eagles $100 face value so it is money as much as gold or silver eagle's are . very low mintage makes these coins a great place to park $20k . now im looking at some sprinkles on the end of diversifying my portfolio
I bought platinum when it was 1200 announce it went up to 2200 and out and I did not sell and right now it’s somewhere around $950 the reason I never sold is because I didn’t need the money and I highly suggest platinum to head down to other generations I believe there’s a big upside to it
Very insightful video and honestly I think I can get behind this argument. If like myself your bullish on silver for industrial usage, future demand and being a finite resource... How can't you be on Platinum at its current price and it's scarcity. Never considered purchasing Platinum but it might be worth grabbing some incase there is a dramatic price correction.
I can listen to you all day. Very well spoken, make many great points! Definitely something you should continue and do more often!
Michael Gallagher Appreciate you being here! Thank you for your support my friend!!
Platinum couldn't be coined in early history because of the extreme temps required for the melt.
They would've used it if they could 👌🏾😎💰
My grandmother got married in the 1930s. During that time gold was scarce and she had a choice 9ct gold band or platinum band. She chose Pt. this could happen again. Also highly accurate temperature sensors have Pt in them PT1000 for example. The P stands for platinum. In my opinion Pt is a good long term bet. A 1 Oz gold Britannia has the same face value as a 1 Oz platinum Britannia (£100). 1 Oz silver Britannia has a £2 face value.
Platinum is heavily used in Catalaysts that is employed in the petroleum, natural gas and petrochemicals Processsing Technologies. The catalysts when deactivated are sent to platinum recovery facilities to recover the platinum from the spent Catalaysts
I'm thinking one easy way to get more gold is to play the gold to platinum ratio. When the ratio decreases I'll be converting platinum to gold
I like that idea!
Platinum is hard to even buy. It's selling at $150 premiums if you can find it, I got the last 4 eagles on JM Bullion a few weeks ago.
It really is telling how expensive the premiums have become with platinum
@@RobSoltan i doubt it could even count as premiums since its so rare the dealers even pay odd prices for them
main thing im worried about with platinum is if a new platinum deposit is discovered.. I understand there is still lots of exploration to be done with platinum
I think it behaves more like an industrial metal than a precious metal. However, I think as a chemical catalyst, you can substitute between platinum vs palladium in many applications. So, I think it is possible that platinum will go up in price at the expense of palladium. So, I think it may be a good investment, but as an industrial metal not so much an investment metal.
Good point. I agree
Re nationalisation of mines is also an issue. Its definitely worth holding a good few ounces imo.
What I like about platinum is all the things that you said. What I don't like about it is that in California, unlike $1,500+ purchases of gold and silver, it's subject to sales tax.
Maloney’s video against came right after.... I was thinking a couple days ago if what is more rare is more valuable, why is platinum cheaper than gold. I’ve run into a discrepancy between what’s more rare on earth and what’s more rare because less is being mined. I’d like to clear that up.
The stamped value of the coins that you mentioned in your other video is really interesting. Gold Maple $50; Silver Maple $5; Platinum Maple $50. so 10:1 silver gold and 1:1 gold Platinum. For the US coins it would be 50:1 and 1:2 with Platinum being higher valued.
Loving the videos brother, you're spot on. Keep up the good work!
Thank you Steven!!
I remember getting into gold and silver in the late 2000's. Platinum was from memory about twice the price of gold and it was just the case that it was always perceived, rightly so, as being a lot rarer than gold. Then something happened and since then it now gone the other way. I'm just thinking out loud but with the advent of the next gen of super computers the main issue is keeping things from getting too hot/melting. Maybe this will fuel the demand again. Even if it doesn't I think that people will be looking for PGM's and see that this is the one that hasn't yet joined the party. Just saying because when all is said and done it is still a PM it's just that gold and silver are more popular at the moment.
Completely agree Gary! There eventually will be more use for the unique metal. I hold as speculation currently being about 10-15% of my metals portfolio but I definitely believe platinum has its place and should not be disregarded. It is every bit the noble metal that gold is, just far more scarce above ground. Thanks for being here and appreciate the comment!
The only issue I see with platinum and palladium, is the future of vehicles will be electric, decreasing the industrial demand for these platinum group metals for use in gas and diesel vehicles catalytic converters.
Ah, one sentence i disagree is that when you said "platinum is like bitcoin of precious metals". Most consider bitcoin to be the gold of crypto, but the platinum spot hasn't really be taken yet. Maybe eth who knows.
Personally I love Platinum because just like gold it is a compact investment where you can place thousands of dollars worth in a free safe deposit box (free assuming a bank offers such with a minimum balance typically perhaps 20k which is about the right amount of cash to keep immediately available if you ask me) ...I love it right now BECAUSE it is so out of favor and therefore depressed in price ,,even though in reality it is like 30X more rare than gold and IS used in most of the categories that gold is namely as jewlrey (the most popular high end precious metal in certain markets like Japan) , AND being minted by major countries in monetized bullion the only real down side is in the market pressures due to commercial use and the current disfavor of it being used as a wealth store by Central Banks etc ....but other than that? I LOVE IT! At least right now to buy as an underpriced (me thinks) precious metal that in most years is valued HIGHER than gold! I feel like gold price right now is overly inflated and a sitting duck for a plummet where Platinum might outperform in a couple years when automically switches more BACK to it as a catylist for cars simply because it now costs LESS than Half of palladium... in the long run I maintain it is a DUHH to hold onto...maybe not more than a few percent of one'sport folio but still.... if you ask me? BUY! And HOLD long terrm! If you can hold long term? Oh well.....sucks to be you IMHO
I agree with Craig. You should take it out of the safety deposit box and get a safe! Come and take it!
I know this is an older video. I agree with one thing Mike Maloney said in that clip. I would say Platinum is so rare even compared to Gold that it won't ever be used as money to any meaningful degree. I'm trying to learn about Platinum. I believe it is a good time to invest in it. Electric vehicles may not need Platinum, but Hydrogen fuel cell vehicles do need it.
Yup its perfect timing hydrogen fuel cells come online in 2025 which is smack in the middle of this coming bull run in commodities. Platinum is being bought up and horded by corps right now then it will release.
I just invested in one ounce bars from credit suisse two to be exact and I so surprised how thin it is and I happen to have a one ounce bar of Gold from Rand Corporation and I did a double take, online the platinum looked as big as the gold bar, but in reality the physical dimensions of a one gold bar and a one ounce platinum bar are on different scales. I thought at first I got ripped off and then did some research and I found out that Platinum is a very dense metal. And I agree with you that if you have a physical precious metal portfolio that Platinum should be a part of it. But like you said a small 10-20 percent. After seeing your video, you got thinking that I should invest in purchasing another ounce. Thank You for opinion.
Industrial use is a good guarantee for its value. Gold, on the other side, is backed by its jewelry value, which has historic reasons but it is also shifting with consumer tastes.
I think Maloney sees a dollar crisis coming so Ag and Au being thought of as monitory metals will benefit in that environment. I’m big on the Au to Ag ratio and been watching the platinum to silver ratio lately. Today it closed at about 33. Hard to pass up that longer term investment. If it drops under 30 I’m seriously considering swapping some Ag for Platinum.
The money argument is bullshit plus mike is a salesman he wants you to buy gold and silver from him. Let platinum never be money but that doesn't mean it doesn't have value. Look at the other PGM'S like palladium and Rhodium they aren't money but they have industrial uses and applications. I'm a huge PGM'S bull and have done well with them and I'm stacking platinum heavily because of how undervalued it is compared to the other precious metals.
According to Mike's rules for money, platinum is money. He is right, it will not be rushed into like gold and silver, but it is an elemental metal that is rare enough to be precious. It will absolutely retain value and will be money for eternity, just as gold and silver.
Catalytic converters for electric vehicles made of Platinum are being developed, because of the current price of Paladium, that will the catalyst that Platinum needs
Why would an electric vehicle need a catalytic converter?
Watch an interview to Trevor Raymond, Director of Research of The World Platinum Investment Council few days a go.
Ricardo Staplefield Thank you.
Watching this video again a yr later, I believe platinum can be money. It's rare, hard to counterfeit and is divisible. I think in a world where gold is money again, platinum could be the ultimate value. So platinum could be worth 10x more than gold. That's why I have some platinum.
Yet Mr. Salton, any video I've seen says gold and silver is expected to rise in the future! Not one person has said they think gold or silver will lower in the future.....thier ALL saying gold and silver are suspected to raise.....im just struggling with this on platinum becuase of the auto ind......that's a huge percentage!
Mike Maloney isn 't wrong when he says that people will rush primarily into gold not platinum if there 's a dollar crisis.
What he doesn 't say is that the debased dollar will never regain it's former purchasing power while platinum just like other undervalued commodities will outperform even gold in the next economic cycle.
I think what Maloney is saying is that in the midst of a global financial meltdown you'll see institutional money flooding into Ag and Au but not-so-much Pt. Therefore, the two metals would see a run-up and quazi-currency adoption (maybe being used for large purchases). However, during a currency crisis, you'd see everything increase in price so any hedge that isn't dollarized is a good decision, including Pt.
I just like looking at the historical ratios; and Pt seems undervalued.
Never seen a plat 1oz bar that thin. Mu bars are thicker and all checked out authentic. Also they were acquired from big reputable dealers. What kind of plat bar are you showing?
Time will tell. In all sense, factors are leaning towards platinum as the better long term play compared to gold
Agreed!
I agree with Mike BUT…. If what his forecast is that the gold and silver will be unaffordium and unobtainium platinum will also be due to its rarity
I loved my Platinum, I had 13 oz in 1oz coins, BUT, when you want to liquidate you have to find a buyer and for platinum that is not as easy as it is for finding a buyer for gold.
ALSO, I think ones age comes into it, if you are of a pensionable age on a fixed income its easier to liquidate fractional gold, you will know before you leave the house what you will get for your Sovereign or Krugerand.
With Platinum, your buyer will probably be looking to pass it on for a fiat profit.
In short, if you have time on your side, tax free or low tax platinum with lowest possible premiums is very desirable.
I disagree regarding it being a medium of exchange.
What do you think of what I said to you do you agree with loading up on platinum when it’s between seven and 800
Maybe it’s the future money 💰
Great observation maybe it's the future Bitcoin.. when these markets crash people are going to be running not two digits on a piece of paper there going to be bailing out.... cryptocurrency is a trapdoor.. yes I believe cryptocurrency is going much higher.. and if it pulls back far enough I'll throw a little bit of money into it only what I'm willing to lose but the endgame with cryptocurrencies a catastrophe the petrodollar will not give up their power especially to crypto
There is something about Platinum that makes me want bars and not coins. I see it's demand as industrial use and not as money, makes more sense to me to buy bars.
Maybe but in some states us minted coins are not taxed for appreciation. Consider this loophole when buying
i mean you could have someone swap it with any of the other platinum group metals but that would just cost more. and that's one of the reasons why its quite genious because it's the cheapest densest metal
You rock! Love the platinum discussion. Few discuss it!
thank you for sharing this valuable and unique knowledge about this valuable and unique metal. looking forward to more.
Thank you for being here!
Morning Rob. Can you direct me to a vud with your opinion on palladium, or do one if you haven't? Thanks.