The Truth About Buying Platinum (It’s Not The Same As Gold Or Silver!)
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- Опубликовано: 16 авг 2024
- Should you invest and stack platinum today? While platinum is rarer than gold, it has become cheaper and many people are wondering if it's a good buy. However, a common misconception is to view platinum as a cheaper version of gold, and that's because platinum really isn't a form of money. It is relatively new to the game and hasn't been around nearly enough as gold and silver. In this video, we will discuss the fundamentals of platinum and what you must know before you buy a single ounce. Platinum to me is a fantastic speculation and could outperform gold and silver if certain events happen and the stars align. But if it is for wealth preservation, I would rather stack gold.
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✅ Timestamps & Chapters:
0:00 The Platinum Opportunity
1:26 Is Platinum Money?
3:43 Know This About Platinum
5:43 Why Buy Platinum!
9:54 How I'm Playing Platinum
11:07 Before You Buy
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Platinum is a great diversifier in one's stack. As gold has a stock to flow ratio of about 60, gold trades more like a currency (of last resort) than a commodity and is a pure monetary metal. Silver has a stock to flow of somewhere between 20 and 45 and is used industrially more extensively than gold, making silver half commodity and half monetary metal. Platinum has a stock to flow of about 1, is used industrially which makes platinum a pure commodity play.
A mixture of all these metals in one's holdings makes it more likely that there is always something decently valued to sell if you need to.
Personally, fair value-wise I like a mix of 70% of gold, 20% of silver and 10% of platinum, although when buying I use a higher margin of safety for silver and platinum than I do with regard to gold.
Good points about the stock to flow ratio. It seems many people allocate 10% to platinum and I think that's quite a fair allocation!
Don’t overlook Copper if possible to accumulate some. I would forgo the stacking of Copper coins though unless you happen to have a bunch of pennies. 😁
Edible oil wheat prices are RISING but silver and gold are not rising..silver price should rise.edible oil and wheat price should fall that will be good for any country.......
I remember platinum being twice as much as gold. Now it's 1/2 as much. Just in case, I have exactly 10oz of platinum to speculate with. Good vid! Thx
Nice! A 10oz pile could definitely make a sweet purchase down the road if platinum spikes!
@@SeanFooGold Indeed! I feel comfortable with the physical. However, there's a lot of "if's" in my miner portfolio but i enjoy the volatility. Either I'm right or the market is right. We'll see
That’s wonderful
I'm late, could've bought platinum much cheaper than I did yesterday, my first oz, after being advised by a dealer to buy. Now I'm hurrying to grab more
More rare, cheaper right now, doesn't tarnish and it's dense, that's why I stack it.
Good points, was quite surprised the first time I held one. Even denser than gold!
Going to get my first platinum too
awesome! You can use SEAN-2022 code at IPM if you haven't used it yet for 0.5% discount!
As technology advances, more demand for exotic metals will exceed supply. The sustainability will not be able to keep up with the insatiable appetite. This applies to everything. Gasoline,meat, fertilizer, rare earth metals, nickel, cobalt, etc... applications of PGM s will find new uses, and the current supply is definitely not enough. So stock up on platinum.
Good point, not wrong to grab a few ounces here and there!
Edible oil wheat prices are RISING but silver and gold are not rising..silver price should rise.edible oil and wheat price should fall that will be good for any country.......
What happens if PUTIN destroyed crypto data center and stock market
@@dragon.fromindia3235 Oh well, physical metal unaffected ;-)
I mostly agree 100% with your view, except on platinum coins for which you will always find your buyer: I have 13 coins, all bullion type, 1 oz , but all graded by NGC (69 and 70) and I can tell you that there area lot of collectors out there available to pay premiums. The worst scenario you will get the spot value. For the speculation part of it, I recently bought 2 Valcambi 1 kilo bars for the long term. I do not expect any platinum surge before 3 to 5 years. Fingers crossed :-)
Good point! There should be 3rd party buyers who will pay a fair premium for the coins. Yep, fingers crossed for a big surge....before 2030!
I always liked platinum but more as jewelry than for stacking. I started buying some bars/coins back around 2018. Everyone obsesses about the fundamentals of platinum, but who really knows. Looking @ the 5 year chart, platinum has been consolidating since 2016 just under the $1000 mark - sometimes higher sometimes lower. So technically it looks like there is a solid floor at this point in the $800-1k range. It is presently trading @ $936 so in my mind this is definitely a reasonable buy. The nice thing about platinum jewelry is you can be wearing a 6oz bracelet and look great but people think whatever. Do that with gold and you might get killed. While platinum does seem to have a life of its own, if/when gold does really take off definitely expect money to start pouring into platinum soon after. If gold goes to $2500, I don't think $2000 platinum is unreasonable. But if you're queasy about price swings, I don't recommend platinum. I remember buying platinum for > $1k before 2020 and then March 2020 came and spot plunged to $650. I was in shock as to how my holdings could have dropped 35% in value in just a few weeks -- then I snapped out of it and maxed out my card backing up the truck buying more. Less than 1 year later spot had nearly doubled in price. Happy stacking.
Very good point Dave, platinum doesn't bring attention, in fact to the untrained eye, it can look like silver or staineless steel!
Edible oil wheat prices are RISING but silver and gold are not rising..silver price should rise.edible oil and wheat price should fall that will be good for any country......
I'm a little obsessed with the physical property of platinum, it's density. This alone makes it appealing to me, in a way gold and silver don't. It drives me nuts thinking that a silver or gold coin/bar can be faked with lesser metals hidden inside.
wipe away that 650.00 that was a event driven plunge that had nothing to do with platinum. i seen it around 580 at that time & gold at 1450. when that happened in those few days i tried doing a 3 for 1 oz of gold trade at my LCS and they wouldnt do it... DAMN i coulda had 75 oz of plat, oh well.
@@dragon.fromindia32358
Great video & info! Just ordered my first Platinum Eagle on Friday. I agree that it's probably best to stick to bars for most purchases, but for my first oz I decided to go for the legal tender coin. As you mentioned I could be holding onto it for a while, so it might as well be something nice to look at!
Thanks SSS! Coins are definitely look much better than a bar. Nice grab!
Thank you Sean!
Another great, informative video as always.
I'm buying all three and my platinum goal is 20 ounces. I'm at about 4 right now and I'll be more focused on that goal than gold because the price is half. It's somewhat of an easier goal.
Cheers,
B
Thanks BTL! Yep, platinum is definitely much easier to get at the moment
I just ordered a 1 ozt 2022 platinum eagle...low premium, low price. I have much gold and silver but I'm light on platinum. So I'm going to put platinum away. Platinum is very valuable, much more than other precious metals, so I like it. Love your videos! I'm light on palladium too, but I used to buy it years ago at $175 ozt. Have a little rhodium too which I bought at $1000 ozt.
Whoa, nice grab at the Rhodium, that must have felt good seeing it spike to $30k!
When theres a run on gold and silver people will turn to Platinum as its the cheapest and i believe Platinum will be worth more than both. Platinum was used as money for a short period of time in Russia and i believe England. Also Platinum cannot be counterfeited due to its density and weight. Gold can be counterfeited using cobalt center. Its 30 times more rare than gold and more industrial, uses than gold. Concentrated mining in Africa, hydrogen energy, medicines, glass, auto catalysis, ect. In 5 years this Platinum will be precious again.
The inability or difficulty in counterfeiting is a big plus for platinum. And it doesn't tarnish. And it's rare making it perfect as a store of value and a great form of money.
I invest in both. Silver and palladium are also in my stack. Hedge and wedge. 🙂
Silver is the most reflective metal there is. Silver Shines brighter for sure. Platinum is more of a solid silverish color
Dude i learned so much from this video my mind is blown. Thank you so much Sean.
Glad it helped Jiana!
That was a very comprehensive video. I trust you put a lot of thought and time into this. Well done.
Thanks Anthony!
Platinum extraction cost is now almost the same as its price today! Both gold and silver trade at a premium from their extraction cost.
Interesting info!
Great job my friend I can count on you to deliver lots of information and a balanced point of view. 😎 Thank you!
Thanks man, glad it helped!
Gold was money way before Rome. First gold money first showed in Lydia now Turkey around 550 BCE (I use BCE because I studied archeology). But even before gold was used as a trading medium but it was very unregulated. Pieces of gold were used but issues with weight and purity where people water down the gold (early inflation).
yep, gold was the first money and it's deeply embedded in our psyche
@@SeanFooGold actually shells were probably the first money. It was hard to get especially if you live in the interior and you can't counterfeit it. Gold became acceptable especially when you can test it with a touchstone.
Hey Sean, I'm really loving your videos. No hype at all. There are pros and cons to Platinum, for sure. I have been getting a few ounces, and my interest is more toward the uniqueness, and collectability. I don't usually collect coins, but I am trying to get the British Tudor Beast series. I love the Platinum, and I think that the Platinum is very low mintage, but I have no idea how many they are making. Most people go for the silver and gold (me, too), and may not think about the Platinum. Platinum is very hard to strike into coins. I think the premium is fine and fair. To me, bars are great for silver. But, if I'm spending $900 an ounce, I sure want to look at something nice! Have a great day, and keep up the great work!
Thank you!
i totally agreed with you! thanks for sharing!
No problem, glad you enjoyed it!
Awesome video. Thanks for all the info. ✌️
Awesome informative video Sean. Might get into platinum when I have enough gold (ie probably never!! Lol!). Cheers and thanks for sharing 👍🏻😊
Thanks Georgie. Gold first indeed!
excellent take on platinum. My assessment on platinum is even though it is much rarer than gold that is one of the problems. Not enough platinum to make it an investment play and as far as industrial use it wont gain any real long term traction. Another big problem is most local buyers such as coin shops dont understand platinum and are scared to pay even spot prices. They will pay 90% at best and when it comes time to sell platinum the sources to sell are limited. You can sell gold in a heartbeat. 24 hours a day and get very strong payouts.
Very good insights Jon. Especially the part on how liquid gold is - that plays a big part on not just how easy you can sell, but the payout from the sale!
I don't know where you are from but that is not true. All shops I know have and is looking to buy. one close buy me ran out.
When I saw the above ground supply of Platinum as compared to gold I couldn't believe it.
yep, the disparity is rather huge!
I think platinum could be used as money in the future, but because of its rarity, maybe 10 oz gold to 1 oz platinum. Right now it's available and affordable, but who knows the future?
Very good point
What happens if PUTIN destroyed crypto data center and stock market
@@dragon.fromindia3235 There'd be a lot of hurting out there if he does it. If he attacks the stock market that would trigger WW3. Destroying crypto would be fine since our economic system isn't tied to it yet.
@@dragon.fromindia3235 In Switserland there's atomic shelters under the mountains that are stockpiled with giant computers and databanks to protect the info on the internet if shit hits the fan due to a war or a solar flare...
Really enjoyed watching your video brother. Thanks for the great insight into Platinum. Just picked up my first 1oz Liberty. Just subscribed to your channel.
Thanks man, appreciate it. Nice grab on the platinum!
To answer your question, at these current prices I've been buying platinum. Gold is getting too expensive and I know it'll go higher, but I believe platinum will too. One word, Russia.
Yup, the Russian situation is definitely making commodities shaky!
You're right on brother 😎
I got my self a Platinum eagle couple of weeks ago and it was cheap know it went up in price 😊😊🥈🥈 I like it need to keep getting a few more platinum coins to have some at least.. I think all metals are important to have in your Metals stacks have something of each is good to trade later for something good or sell I think all metals are a good investment.. there all beautiful metals from earth 🌎 ur rite man when it hits high then sell it and buy my self Gold I agree with u..
Thanks Beto. Platinum is definitely more speculative in nature, if it spikes it spikes!
I’m waiting to pounce on platinum. I think it will fall below $800 soon. Maybe even more as inflation and recession hit over the next 12 to 18 months. Yet I will cost average gold and silver equally. 1 once of gold to one kilo of silver per month. That is my plan. Of course I will change this plan accordingly if needed. Thanks, great video and info. I’m subscribed.
Thanks! Yup, right now things are looking shaky and platinum could indeed take a dip in the short term.
Gold has held strong and gained value so silver is all I have messed with I bought my gold and platinum last year sometime like when Plat was in low 900s and gold was around 1780 silver has given me mor play that's for sure so I'm just waiting for another Plat dip until I buy more and gold looks to be on the rise due to the fears I sure wish I could of bought more gold but it sure was expensive
@@mudvayne2311 I also want to say, PMs is not what is going up. It is the value of the dollar fluctuations and demand that is causing prices to change. With that said and current prices of $2,000 plus for g9ld and the future of the dollars role in the world, I have changed my plan to continue to purchase gold at slower pace. Silver/platinum will drop during a world recession, it’s inevitable. Demand for silver will slow and new silver stackers will start to convert back to dollars causing an even bigger decline in price…it’s getting hairy
Platinum bars are almost impossible to find at 1 oz and larger anyways.
I just picked up a 1/10 oz. Britannia.... I usually get 100 , 125 of silver twice a month... Mixing it up a bit, I do like the platinum....👍👍
that's a great amount. Very good consistency you have!
I bought 3 Oz's of Rhodium back when it was $2000/oz , I wish I had bought more
did u sell any when it spiked?
@@joelsway6470 Sadly not. I could not find a dealer to buy it. The only dealer in Australia I could find offered me 50% or the market value at the time, so I just held it
@@dixonbainbridge3146 it’s all good u still up and I bet it gets back and flutters around 15k for the next ten years before making a move to the six digits good job knowing ur worth lol
Platinum takes a huge amount of energy to produce vs gold.
yep 100%
Time has passed since this exceptionally good video was posted. As of now Jan 25, 2024 the price of Platinum is much lower at $897 per ounce which is $220 lower than Gold. I am targeting Maple Leaf coins to purchase at an annual coin show in my city in one week. I was going to just buy gold. But gold has not declined and Platinum has declined a lot. Now I will look at prices for Platinum coins before buying. I prefer top brand coins since they are easy to sell. Platinum is fundamentally a much better bargain. I suspect at this time Russia needs the cash for its war and is mining and selling all the Platinum available.
Platinum will have its day! I see a 3k+ platinum per oz in 5-10 yrs.
Definitely possible, that's why I bought a few!
@@SeanFooGold yes, yes, yes !!!! 👏
Excellent video, I hold a few oz of platinum, like you said long term bet maybe win but no rush to sell at a loss I have time
that's the way. If one day we wake up and platinum hits a few grand, it's an extra bonus!
I love platinum, I just purchased my first platinum maple leaf 1 oz
Awesome, well done!
"While concerns over supply from Russia may be a focus at the moment, demand declines will ultimately reduce the importance of palladium for the global economy. Platinum, predominantly produced by South Africa, and critical for the hydrogen economy will however become more important going forward," he said.
Widmer explained that Russia's invasion of Ukraine had accelerated global plans to develop green energy to decarbonize and establish safe and reliable power. Using green energy to septate water into hydrogen and oxygen could be a reliable source of energy, Widmer explained.( I couldn't verify the use of 'septate', maybe he meant separate)
"While hydrogen is predominantly generated from fossil fuels, green electrolysis capacity is expected to accelerate in the coming years," he said. "Based on the current project pipeline, total installed electrolysis capacity could exceed 1GW already this year and 58GW out to 2030."
Widmer said that the growing hydrogen economy could add nearly 300,000 ounces annually to platinum demand within the next ten years.
"This puts platinum on a different trajectory to palladium. While concerns over supply from Russia may be a focus at the moment, demand declines will ultimately reduce the importance of palladium for the global economy," he said.
Giving this a miss as the resale value of Platinum is much lower than Silver and Gold. The spike in prices due to supply issue can't recoup the loss in premium and poorer resale value.
Thanks for the very non-biased recommendations, Sean:) Happy New Year
Excellent video and super pragmatic opinion and information.
Pt is a good buy.
100%. Getting some platinum won't hurt!
Wow, so much valuable information in one video 🤓 . Thanks bro 💪
This is an insightful analysis of Platinum. Thank you!
Just a forewarning- it's claimed that there's now a way to drastically decrease the amount of platinum needed for hydrogen fuel cell vehicles. I have quite a bit of platinum, BTW.
Video is a year old as of the time I viewed it, but the information here is very good. It was only just today that the idea of putting money into platinum might be a good play.
The problem with the platinum argument, imo, is the assumption that EVs (which are on the road) will not continue to grow and steal ICE car share of the market, whilst simultaneously speculating on hydrogen fuel cell vehicles (HFCVs which do not yet exist on the road) taking a bigger share of the market. If that’s the case, why even buy platinum over HFCV stocks?
I try to separate stocks from metals in most discussions here. But you are right about EVs will continue to grow and steal platinum's share of the automobile pie. Platinum is more about a commodity play on supply and demand, and it will indeed take sometime for hydrogen fuel vehicles to play any impactful part. So we will have to see if any new industrial demand will rise for platinum going forward. That's why I have some platinum, but definitely its in the minority of my metals.
What happens if PUTIN destroyed crypto data center and stock market
Good info. Thanks
Thanks for watching!
I would say invest while its low because its only a matter of time before something causes a huge demand for it, yes the automotive industry may use less for exhaust systems but as they go electric there may be a demand for platinum for other components and I would imagine gold and silver will shoot up in the electric car era as demand increases for all those gold and silver plated electrical contacts!
I'm a gold bug, but your comments seems logical. I might speculate with an oz or two. Thanks. Subscribed.
I'll take platinum over gold any day, personally.
Been buying for about 20 years now...maybe a little more. Into silver for nearly 40 years. 100% happy with both up to this point.
The downside to Pt bars is that the packaging they come in -- which is easy to forge -- can be used to conceal their dimensions and make it possible to forge them. To forge a Pt coin to accurate dimensions would cost far more than a Pt coin.
I been stacking 1-2 oz of platinum every month !
what about the premiums? your not worried paying like US$100 over spot for 1oz?
That's looking to be an awesome platinum stack John!
Now's the time to get it. I've been buying, too. Easier to buy platinum than gold right now. I'd be satisfied with 40 ozs of platinum, then call it a day. Gold is the ultimate goal for me.
@@petejames1326 I try to look for deals on platinum bars that are sometimes less like 75 over spot. Platinum always had a higher premium though. I’m ok with it, as I think the metal is highly undervalued
@@lamarravery4094 I agree, get it while it’s cheap. Could go back to being double what gold is !
Great video man 👍🥈🥈🥇
Thanks man!
I agree with you on everything but one thing... which can vary from different people situation and where they live... I personally think the coins are your best bet because in certain States at least here in the United States there's no tax unless there's colorful crap on the coins... therefore when you go to trade in your coin he won't have to pay taxes on it, as well most Platinum coins are of limited mint usually under 25 thousand.. sometimes a bit more depending on what it is.. Like me, I tend to buy the Kookaburras which usually always under 15000 minted... just thought I'd give you some different perspective, thank you for your time 😎👍
Thanks mate. Appreciate your content.
Excellent video
More rare than gold that's why I stack it! Fantastic video thanks.🙏
Great move! Always good to have a couple of ounces of it.
@@SeanFooGold six ounces so far 4 maples , 1 kangroo and a Eagle. 🤙
whoa, that's a real nice collection. If a platinum squeeze or supply crunch does happen, those 6 coins could even make a nice downpayment on a new home.
Bought platinum coin Friday before the weekend. Nobody wants it but I do!
Awesome grab, always good to have some platinum!
Great video supporting my fellow content creators for the algorithm 🎉🎉🎉🎉🎉
Great information. 👍Thank you 🔗😊
No problem, glad it helped!
I like platinum that doesn't have same design as silver. I worry about my platinum maple, because what if I toss it onto my silver pile
Platinum is darker and heavier
Don't forget face value is different
Platinum is maybe a good gamble but in UK paying VAT makes the premium extremely high
Yes, the UK is in a difficult posiiton, in that case, gold might actually be better.
just got my first platinum maple ...like in stocks, diversification is good. the 60%30%10% ratio of gold/silver/other precious metals I think is a good strategy at least as a guideline
That's a really smart ratio. Thanks for sharing!
Any promo code?
Where did you get the platinum from? I Will also want to get it tomorrow
@@purpletulip1688 local coin shop, not on special or anything ..and no 1oz bars are available ..only coins here
Hmm you can use SEAN-2022 for a 0.5% discount from IPM (one time use). Yup, all metals took a dip so you can scoop more metals up at a discount! All my platinum coins came from IPM.
@@SeanFooGold great, thanks for the tip, I just checked the pricing and seems like my local shop is actually better priced
I like gold and silver. I do have a 1oz 1998-w Platinum proof coin. I got it because I think the reverse of the coin is the best looking one. It’s pretty much a one and done. Just like my St. Call Nj
Sorry wrong button. Migrated Saint gardens double eagle, and my Carson City Morgan dollar. Just so I can say I got them.
Awesome, the proof coin should look even shiner vs silver or even gold!
Great analysis
Thanks Andrew!
central banks have gold and gold its the most liquid so unless i was a millionaire i rather buy gold and silver.
Sean. Please deal with Platinums ability to recycled. I think it’s about 98%. Therefore given its uses, all those cars with catalytic converters on the scrap heap can be harvested.
Therefore unless petrol car demand rises (and there’s really no reason it shouldn’t as the world comes to the realisation that electric vehicles aren’t clean after all, much like major economies move back to coal as a base for their energy, theoretically in my mind, your wait shouldn’t be too long.
Combustion engines are nowhere near done. It’s just a quick phase this electric vehicle thing. China, India and Africa hold say 4.2b population, and as you so eloquently spoke about South Africa’s electricity problem, that issue is the same in all those regions.
As the English would say .. “The combustion engine is dead! Long live the combustion engine”. It’s a short term blip while the world adjusts to changes in logistic patterns and we re-evaluate the cleanliness of “clean energy”. Combustion engines have at least another 10-30 years all other things remaining equal.
As for how long to hold.. I agree with you. You need to have some guts. But you could also time it by looking at key performance indicaters of the “developing world” and not the developed world. Thats where I think growth is going to come from.
Keep a close eye on Russia and the USA’s issues over Eastern Europe. If capitalism stays true, another will replace Ukraine and it’s immediate neighbours.
Very good points on the recycle factor for platinum! It's very true that currently the EV hype is still...hype. It will take sometime and right now the Russian situation is making fossil fuels a sudden priority for energy security.
Who knows the future. I can see combustible engines surviving due to limits on the electric grid and power station infrastructure. But it would also be in our best interests to go green in this country. We need to stop being dependent on Middle Eastern oil, we really need to stop fighting wars over there. Plus, we need to stop carbon emissions we are at a turning point of irreversible environmental damage. Hopefully platinum can be used somehow in the new clean energy revolution.
The Ancient Mesoamericans mixed platinum in with Gold through a process and used it ornamentaly At least it is said and written about.
Interesting, I gota check it out!
I scored 5 g of platinum the other day for 30/g
Thanks Sean "? good"N,clear"heavier Metal"maybe "?$$x? I'll -never'come"Across? monetary policy*, over rolls? hope 4'Me*🗝️❤️
I don't have any but I plan on getting some
great stuff thanks 👍👍👍
When I have enough gold.... I will get some platnium... 😆
100% settle the essential metal first!
I move where the market is at not what my metal desire is
Great video! Why not buy the platinum ETF? The spread in physical platinum is terrible. PLTM
Well the ETF is cool, but the expense ratio is just as horrible as well. When I bought platinum, it's mainly something physical to pass on/hold. That's why I only have 3 ounces.
Very interesting video.
Just ordered a oz of platinum philamonics after watching this :) my LCS doesn’t have bars RIP
Awesome grab! Well, sometimes we just gota make do with what we have on hand.
@@SeanFooGold yes and i enjoy looking at coins more than bars. have also 1 kangaroo and and 1 Britannia in platinum as well. Thinking of keeping it at max 5-10% of overall precious metal portfolio.
I agree platinum is a sleeping dragon are you in or not
100%!
Love the speculation of Pt, but if technology replaces materials over precious metals we are all uffed! Nano fiber or lithium is the future.
Love your channel bro. I'm also a stacker from SG. What's your carousell handle?
Thanks! Don't have carousell though.
Thank you for the good video Sean. It answered all the questions I have regarding platinum. Just wondering if you happen to know what is the usual premium for platinum bars in SG? I noticed that the premium on spot seems much higher than gold, just wondering if this is a norm or is it supposed to be lower?
hmm they are usually between 8-10%. Their premiums are usually higher than gold but lower than silver. But it's all supply and demand to be honest, if demand for platinum craters, the premiums could go on sale.
no!
Hi Sean. Very informative video. In regards to investing in Platinum, is a good idea but buying bars instead of coins, I am not sure as if I purchase eg Britannia platinum coins I would not need to pay CGT buy with bars I do, as I live in the UK. What are your thoughts regarding this?
Thanks! Yes, in this case, the platinum Britannia makes more sense for the UK. While you might pay a little more in premiums vs a bar, when it comes time to sell, you'll save on the CGT.
Coins are CGT free in the UK
So staxk platinum and 🥈🤷♂️
just make sure you can hold on for a volatile ride
@@SeanFooGold 💯🦍🥈🦍🥈🦍🥈🦍🥈
Good video
Thank you!
I think Pt is a hedge between Au and Ag! I got over an oz and trying to get at least 5oz
Today gold is at $2,355.00 and platinum is at $991.00 I’m a gold kind of guy ✅
Shhhhh ! Don't tell people about Platnium.lol I am stacking a ounce a month.Its ratio is even cheaper than silver.I didn't get it at 750. I have been stacking it under 1k.Its industrial use especially hydrogen fuel .It is a more risky and volatile investment. It is undervalue and supply will be worse since the Ukraine war.This will not make you rich over night but playing ratios can make you wealthy.Happy investing/Stacking.
Haha, this video took me more time than normal to do. Platinum might do a Rhodium!
@@SeanFooGold Sadly I missed the Rhodium run.I am a contrarian investor so I am ways early.However I have the patients needed to invest in things like Platnium.Most people are not asset diverse or patient.I invest in divden stocks,sell options, commodity stocks,precious,metals,real estate.I get nervous when the crowed gets interested in the things I own.
Rhodium's run was beautiful. I thought I was seeing a bitcoin price chart.
do you think one day in the next 10-20yrs platinum could be worth more than gold, LIKE IT USED TO BE A FEW YEARS AGO? or is it unlikely to happen now?
I really think we need to separate out gold from platinum's price. We need to view the metals separately. I mean it could happen, but it will be for reasons other than because platinum was once higher than gold.
40 PT coins and counting so far. I buy more platinum than gold.
Gorgeous metal!
I love Sean!!! For gold, should I get a coin or a bar?
both are fine actually. I prefer bars because of lower premiums. But do check your country to see if there are tax advantages for coins.
@@SeanFooGold Thanks Sean...
For me it is pointless to have Platinum. Gold/Silver is way more liquid.
For those who don't have the means to invest in gold or silver, it seems platinum is the most accessible. That is, if you're a thief, there's almost unlimited potential to increase your wealth by stealing driver's catalytic converters, which happens a lot here in western Canada.
lolol
So is gold overpriced?
Gold and silver were used as money before the Roman Empire by both Greeks and Persians
Maybe you should look at Mene investment jewelry for platinum ;-)
With Japan having a decent amount of this at number 7 on the world chart, could this help its country out of its financial woos as described in your other video? As they don't have much other natural resources???
well it can help it out, but just 2 tonnes per year isn't a lot and with the yen going down, they will be forced to sell it overseas if they want to maximize the profits. I think Japan really had a fundamental problem which is their aging population. If your country has no resources, the only resource it will have is human talent/brains.
@@SeanFooGold Yip, you cant put a patent on brains, and they do so well in technology, just ... does the low amount of usable land have anything to do with it - there in-ability to use it??? I know it is a very high density population, with high performance pressures, esp with the kids in school, studying seems like all the time - most if not all of their so called holidays....
Platinum is the anti-gold. Just as gold, it is not an industrial metal (as it is very difficult to use). Different from gold, It has never been used as money. Moreover, the main use today is related to internal combustion cars, which should start reducing their numbers in the future. I honestly don’t see a reason to get platinum.
I don't disagree, there is no urgent reason to get platinum when it comes to industrial uses. This is a pure supply and demand play which is more speculative in nature.
platinum looks very cheap IN THEORY its 2-1 gold, years ago the ratio was about 0.73 when PLATINUM WAS MORE THAN GOLD i remember when gold was like $1200 and platinum was $1600, now gold is $1930 and platinum is $930, if the premiums were not so high i would buy more platinum for sure 100% but where i live its US$100 over spot for a 1oz plat bar, its too much.
yep, the premiums are platinum are rather high. But I guess it can be justified to a degree as platinum is definitely harder to work with.
@@SeanFooGold do you think one day platinum will be worth more than gold AGAIN, or is it just too hard to tell anymore?
I really think we need to separate out gold from platinum's price. We need to view the metals separately. I mean it could happen, but it will be for reasons other than because platinum was once higher than gold.
Platinum prices will explode soon. Stock up while you can. 🤙🏻
Alot going on under the surface with this metal #platinum #physicalplatinum #platinumshortsqueeze #eskom