I’m impressed! I was wondering if you’d state the fact that Russia and the British used platinum as money at one point. Phenomenal video as always bro. I’m still a platinum bull, but I’m in the minority.
U.S. Mint makes Platinum Eagles with a face value, it already is considered money if the FED allowed the coins to be minted, the reason for a 1tillion dollar coin is to seal the debt with it, you can not scratch Platinum off like Gold will.
Thanks B2. There was just a report that came out saying there is a million ounce platinum deficit. Unsure how correct it is. If true, it could mean big gains for plat. If it's like those reports saying there is a silver shortage, then it's crap.
@@CampbellsCoins yeah, that's why it's best to take a deep dive rather than listen to the critics that are probably bought by the system that's crumbling. 😏
Should it be? Probably not. Could it be? Sure. I’ve considered adding Platinum to my stack a couple of times over the years, but I never pulled the trigger. I spoke with my lcs guys and several local private stackers in my area about it. I found none of them had any interest in buying, so if I can’t easily sell it should the need arise, I don’t need it. Great content brother.✌️
Platinum may have only been used as currency for a short period of time. However, it is still being made into legal tender by verius countries in the form of investment grade Platinum IE the Platinum Eagles, Canadian Maples and British pounds to name a few. I'm not saying I'm just saying 🤷
I go round and round about this. Platinum and Palladium both should be money. I don't hold either because they have never been used as a monetary metal and I worry about offloading it when the time comes. They both meet the standards to qualify as money. I think my state is even worse than California, but that made me laugh out loud. Funny.
Platinum is too similar to that of silver. Gold and Silver are traditional and contrast greatly as such we know it platinum we don’t use, but unlike gold it is very similar to silver.
Between platinum and gold, I choose gold. During periods of recession, gold generally performed better than platinum. And that makes gold a better store of wealth compared to platinum. In terms of wealth preservation, platinum performs on par with silver or somewhat better than silver.
It’s stamped as money on platinum coins, so it is money, no argument here. Even copper is monetary metal. Countries like Singapore still use copper in their coins.
Except for AD&D - where platinum was the most valuable currency - it's always been the red headed stepchild of precious metals - recall that when it was first discovered by the Spanish that they thought it was "undeveloped" silver and thus considered it to be a waste product of silver mining. Being a fan of Morgans, I'd love to see America go back to not just a precious metal standard, but also coins made of precious metal.
Hydrogen Fuel Cell will be the transition to EV….It’ll blow thru the roof value wise. Platinum to the moon. Lithium is used in Fighter Jet ejection seats and Air to Surface missiles .
@@bobandmaryw4336 ok, I'll be waiting 🤣 if gold or silver aren't going to be backed up by sound money, what makes you think that platinum will be? It never has been used as money, at least gold and silver have 5,000+ years of history as true money
@@bobandmaryw4336 Gold generally performs better than platinum during periods of recession. In terms of wealth preservation, platinum is on par with silver or somewhat better than silver. It's mainly an industrial metal, just like silver. As for it being used as money, gold outperforms them all for wealth preservation.
It looks too similar to silver alas. Silver thus scratches the itch for those who like that metallic shiny look. Imagine the fraud potentialities to swap platinum with common steel and silver.
Platinum is more than twice as dense as silver (21.45 g/cm3 vs 10.49 g/cm3 for silver). Youd have to be pretty foolish to be defrauded by someone selling you platinum as silver. Gold is much easier to counterfeit with tungsten due to the similarity in density.
@@timpystacks81 Oh great, so it's denser than gold. In terms of wealth preservation, gold still beats platinum. Platinum is mainly an industrial metal, just like silver. Gold is unqiue in terms of holding wealth and buying power.
I’ve only bought 4 ounces of gold In the last year and 34 ounces of platinum. As long as it’s around $1000 I’m gonna keep buying it for.
Dang. Go big or go home. Good for you Brian! I agree, it's price point is too enticing.
Can platinum be money? Why not….it’s better than paper….
I’m impressed! I was wondering if you’d state the fact that Russia and the British used platinum as money at one point. Phenomenal video as always bro. I’m still a platinum bull, but I’m in the minority.
Agreed. I’m with you.
Another way we are similar! Thanks for TNTT, I had a lot of fun! Thanks Triple P
U.S. Mint makes Platinum Eagles with a face value, it already is considered money if the FED allowed the coins to be minted, the reason for a 1tillion dollar coin is to seal the debt with it, you can not scratch Platinum off like Gold will.
I'm actually surprised I haven't ended up picking up more platinum. I believe it's pretty undervalued. Great video.
Thanks B2. There was just a report that came out saying there is a million ounce platinum deficit. Unsure how correct it is. If true, it could mean big gains for plat. If it's like those reports saying there is a silver shortage, then it's crap.
@@CampbellsCoins yeah, that's why it's best to take a deep dive rather than listen to the critics that are probably bought by the system that's crumbling. 😏
@@B29p 100%
I just started getting into Platinum, bought my first 1oz eagle and 2 1/10 oz Australian kookaburra coins. Excited to have them
Hey! That's awesome!
Should it be? Probably not. Could it be? Sure. I’ve considered adding Platinum to my stack a couple of times over the years, but I never pulled the trigger. I spoke with my lcs guys and several local private stackers in my area about it. I found none of them had any interest in buying, so if I can’t easily sell it should the need arise, I don’t need it. Great content brother.✌️
This video makes me feel a lot less lonely 🍻😎💸
👊
Platinum may have only been used as currency for a short period of time. However, it is still being made into legal tender by verius countries in the form of investment grade Platinum IE the Platinum Eagles, Canadian Maples and British pounds to name a few.
I'm not saying I'm just saying 🤷
Very true! A point I didn't touch on simply because I don't have any platinum eagles and I didn't want to talk using Canadian dollars lol.
I go round and round about this. Platinum and Palladium both should be money. I don't hold either because they have never been used as a monetary metal and I worry about offloading it when the time comes. They both meet the standards to qualify as money. I think my state is even worse than California, but that made me laugh out loud. Funny.
They are cemented as speculative metals and it would take a lot to change that around. Haha, quite possible.
@@CampbellsCoins Agreed.
Platinum is too similar to that of silver. Gold and Silver are traditional and contrast greatly as such we know it platinum we don’t use, but unlike gold it is very similar to silver.
Platinum may never be used as money. Gold may not either. Both are worth buying as a store of value.
Yes sir!
Gold is constitutional money bro
Well coins are
Between platinum and gold, I choose gold. During periods of recession, gold generally performed better than platinum. And that makes gold a better store of wealth compared to platinum. In terms of wealth preservation, platinum performs on par with silver or somewhat better than silver.
Cheers Brother 🥃
Thanks Christopher!
It’s stamped as money on platinum coins, so it is money, no argument here. Even copper is monetary metal. Countries like Singapore still use copper in their coins.
Platinum has performed worse than gold as a store of value during periods of recession. So gold stores wealth better than platinum.
Except for AD&D - where platinum was the most valuable currency - it's always been the red headed stepchild of precious metals - recall that when it was first discovered by the Spanish that they thought it was "undeveloped" silver and thus considered it to be a waste product of silver mining.
Being a fan of Morgans, I'd love to see America go back to not just a precious metal standard, but also coins made of precious metal.
Hydrogen Fuel Cell will be the transition to EV….It’ll blow thru the roof value wise. Platinum to the moon. Lithium is used in Fighter Jet ejection seats and Air to Surface missiles .
Those premiums though😮.. Lol
About the same % markup as silver and fractional gold these days.
It is a convertible, transportable, concealable, commodity that can be marked with purity and weight. It is de facto money, as much as gold or silver.
Why do you think the mint stopped minting fractional Platinum ?
Don't know exact reasons because I haven't looked into it but my guess would be high cost and low demand. It's easier to focus on one size.
Africa has shut mining this year on Platinum ….Let’s see where it goes when Platinum is used in Hydrogen fuel cells. Interesting times ahead.
Platinum is not the densest PGM. OSMIUM and Iridium are slightly more dense.
How many more dies would the Mint need to strike platinum? 10 times as many? 100?
Platinum has and never will be used as money. It's an interesting talk and topic though
Watch over the next 10 years and let’s here what you say then.
@@bobandmaryw4336 ok, I'll be waiting 🤣 if gold or silver aren't going to be backed up by sound money, what makes you think that platinum will be? It never has been used as money, at least gold and silver have 5,000+ years of history as true money
@@bobandmaryw4336 Gold generally performs better than platinum during periods of recession. In terms of wealth preservation, platinum is on par with silver or somewhat better than silver. It's mainly an industrial metal, just like silver. As for it being used as money, gold outperforms them all for wealth preservation.
No
It looks too similar to silver alas. Silver thus scratches the itch for those who like that metallic shiny look. Imagine the fraud potentialities to swap platinum with common steel and silver.
Platinum is more than twice as dense as silver (21.45 g/cm3 vs 10.49 g/cm3 for silver). Youd have to be pretty foolish to be defrauded by someone selling you platinum as silver. Gold is much easier to counterfeit with tungsten due to the similarity in density.
@@timpystacks81 Oh great, so it's denser than gold. In terms of wealth preservation, gold still beats platinum. Platinum is mainly an industrial metal, just like silver. Gold is unqiue in terms of holding wealth and buying power.
Platinum was a fad in the 70s
❎
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No comment. Oh wait, technically, that was a comment. Oh well. 👍
Nobody wants it
And it's doesn't perform as well as gold during periods of recession. To preserve wealth and buying power, gold is the way to go.
It has all the properties of sound money but its harder than both gold and silver to fake.
It also performs worse than gold during periods of recession. Gold is still the way to go if you want to preserve your wealth and buying power.