Dear Platinum, We Need To Talk... | Why Are You So CHEAP And Worth Less than HALF of GOLD!?!
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- เผยแพร่เมื่อ 16 พ.ย. 2024
- #gold #silver #inflation
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In this video, we dive deep into the puzzling world of precious metals, specifically Platinum. Once considered more valuable than gold, platinum has now plummeted to less than half the price of gold! But why? 🤔
Join us as we explore the reasons behind platinum's surprising decline in value. From industrial demand and market dynamics to the rise of gold, we break down the economic factors at play. Could platinum's drop be temporary, or is this the new normal? 📉
🌟 What You'll Learn:
Why platinum used to be more expensive than gold.
The role of platinum in industry and how it affects pricing.
How supply and demand dynamics differ between gold and platinum.
Whether platinum is a good investment today or if you should stick to gold. 💰
🔔 Don't forget to like, comment, and subscribe for more insights on precious metals, investing, and market trends!
#Platinum #Gold #PreciousMetals #Investing #Economics
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Topics covered in this video:
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Best time to accumulate is when it’s unloved and unpopular. Stacking platinum hand over fist knowing it’s selling for the cost to extract out of the ground. Also 20-30 times rarer then gold 1/3 of the price of gold!
Totally agree 👍
Yes but the demand is gone and is not coming back ?
@@milohenry1233 that's what all the dumb money is saying.
21 times rarer than Gold.
Above ground supply that is.
Also doesnt wear like Gold.
@@richardhumphrys7907 yes but what are its uses ?
Considering the platinum to silver ratio, the platinum to oil ratio and even the platinum to cumulative CPI ratio are all below the 50+ year averages, platinum just might one of the most undervalued precious metals.
Retail here (Australia), you can get 2.4 oz of platinum coins, for a one ounce of gold. So the ratio keeps slipping away. Well until that gold pull back. I stack collector platinum bullion as well. It's a cheap high psychologically and a long term play. A couple of ounces a year isn't going to wreck my gold goals.
Most people have no idea what platinum is, but they know gold. Even if they do or dont collect coins.
Bought my first oz of platinum 2 days ago and later found this video. Maybe justifying my purchase. I see it as undervalued and the "best buy". Never been into it but that just changed. Now I have 3 metals in my stack.
Costco started selling platinum bullion so expect demand to go way up! I'm in the same boat as you, I don't think gold will drop significantly unless the federal reserve gets abolished or something, but even still, platinum is wearable as jewelry, and with wear supposedly gets more brilliant over time. I don't know. I say it's a no brainer. Current world economic situation, terrible. Bullion of any sort looking very attractive right now. Especially considering the rarity of platinum. Silver is not rare there's still lots sitting in mines waiting for the price to rise before they dig it up.
I have the 5 Tudor Beasts released in platinum so far. The least reactive element in the atomic table, got to love it.
Sell your platinum now? Are you mad? This is when you buy. Platinum silver ratio is at an all time low. If you're thinking of selling now you bought too high. It's obvious what will happen eventually so in the short term I am very happy to see it go down and will continue to buy until there's no more for sale-- we are already practically at that point now. See the amazing low price as what it is--a gift from God!
I have Palladium and Platinum in my stash. And will continue to accumulate it until Gold and Silver do a significant pull back.
I buy a little platinum each year, I figure the pieces I'm buying have a collectors value since its been lunar coins and kookaburras.
Gold just has a magic power over humans. Like moths coveting the light.
Yeah, it's valuable, useful, scarce, pretty, delicate & heavy.
There is simply something primal about both silver and gold.
God made it to be used as money. It's God's money. It never rusts, it's beautiful, it's easy to make into jewelry and coins and stuff. It has magical properties in itself, dude. it's a magical metal.
@@jonstolarski No offense mate but God and I don't exactly see eye to eye.
with gold at 2650 and pt at 960, i think pt is the far better buy considering pt has traded MORE than gold for so long, eventually this ratio will come back to at least PAR, but of course it could take another 10-20 years
I like Pt, it's a cool element with very interesting but niche uses. I think it's undervalued and that's why I buy it.
I still have a platinum Maple Leaf that I paid $2500.00 USD. I am starting to understand it is an expensive and pretty paperweight 😊
you bought at the top. bad timing. Start buying more so you can cost average down
Ruasia just announced they are going to be adding gold, silver, platinum, palladium and precious gemstones to their reserves. Stay the course, platinum will have its day in the sun.
I would buy it, but the taxation stops me.
@@JasonDeville-fi4dh Paying 25% of MY investment money, to a corrupt war mongering government, to turn babies into dust half way around the world, I will not be any part of.
Platinum is just over priced silver!
I kid i kid....or do i?!
I’d still buy a completer because that white silver look on that particular coin is mesmerising.
Platinum is definitely the odd ball out relative to gold and silver. We find its so much easier for us and the customer to move gold and silver bullion. great video
Worth keeping a few platinum coins as you never know. Quarter Brits, USA quarter/tenth eagles and older Pobjoy plat bits are nice.
Also there's an old saw that platinum is 30 times rarer than gold which is a myth. 30 times less platinum has been dug up but in the earth's crust, it's more abundant than gold. Look it up.
There's 212,582 tonnes of gold above ground. 5 million ounces of platinum above ground, and 60 billion ounces of silver above ground. Also, platinum is much more difficult to mine because you have to mine at a greater depth. So platinum is extremely rare.
If you are a regular stacker with some exit strategies, stick with gov't bullion platinum. Its not a big seller at all. That being said, strangely the big bullion dealers will give you well over spot compared to gold when selling. It almost seems like they know a long term potential of it....
I don't always see your videos, but I see enough to know about you. So, I am ready to do some pouring, just got a small kiln today! This last video here, I love Platinum, and I do buy some, really I want it, but I get distracted. Anyway, I am going to start smelting with Aluminum, just to play around and learn how the process works. I am pretty excited, and will move up to Silver, I think it would be great to pour my own designs, especially USNavy and Pirate stuff!
Melting, not smelting.
Smelting is an extraction process. 🍻
@@KumaBean I am smelting. These beer cans of have paint on the outside, and they actually have a plastic liner on the inside. All aluminum cans are that way. I want pure Aluminum, but it isn't easy.
@@fin59shaw For sure, from cans you’ll have contaminants, so you’d want to clean it up, but it’s not through smelting.
smelting
noun
the _extraction of metal from its ore_ by a process involving heating and melting.
Melting, not smelting. 🍻
@@KumaBean OK, thanks!
...and Platinum replied: "Dear BYB, I'm really not cheap or the opposite - I'm a production commodity and my price is basically driven by demand. Don't be fooled by mints who have re-invented me as investment coins and bars. I'm not in gold's league at all. Gold is just a distant cousin." 🙂
Platinum will surge, undoubtedly.
I also have a 1oz Queens Beast Completer, likely I was able to get mine without having to pay VAT. I wouldn't buy it having to pay the VAT as it just kills the potential upside. Still have hope that platinum will have a resurgence even if it's only because of it's rarity 🤞🤞.
Just traded some for a gold cross I wanted I was trying hold on till it goes up but I thought to myself I might not be around when it does lol
Platinum prices won't rise significantly until South Africa slows down production. But mine employment has become a political hot potato. There is huge political pressure on the mine companies there to keep employment levels high. Past attempts to bring supply in line with demand (with the corresponding job layoffs) have been met with riots. So, there is only so much scaling back they can do. Google news stories about the layoffs at "Sibanye-Stillwater mine". Some cuts were made there by casting blame on the Americans and Russians (e.g. they say America allowed Russia to dump its platinum strategic reserves on market to aid ailing auto industry). So, far, it hasn't led to political upheaval. This has lifted platinum prices a little bit. If they can scale back production some more, we will see the platinum price rise substantially.
I only buy 1/10th platinum coins. Don't see the point in buying a full ounce coin when I can buy a half ounce gold coin for almost the same money.
Dont make videos about platinum nobodys talking about it. which makes it stackable and cheap 😊
The “historic price” argument is so flawed and laughable
The Washington monument capstone is made of aluminum because at the time it was more expensive than silver - want to trade me your silver for my aluminum?
3 things I have learned since buying my stack. How cheap the silver price is. I was really surprised. (Still can't get my head around that one). Platinum in the 70's and mid 80's was very expensive compared to gold. In terms of wedding bands anyway. And more frustrating, I always thought gold was really expensive until I looked back on historical price charts. Back then, the sovereign ring was a big fashion thing. If only I had known ot was £110.00 PER OZ😮
THE ONLY reason that gold is doing better than platinum is that: GOLD can be plated, while platinum is mainly an industrial metal!!!
you obviously dont understand central bank buying. Gold is money while platinum is not.
It's an industrial metal like silver people think it's an advantage it is slightly but the disadvantages far outweigh the benefits over a true investment metal.
I did buy 1 platinum maple leaf just because I Don't have any won't be buying any more
40% of Platinum demand is automotive- internal combustion engines automobiles are coming to an end. So 40% of it’s market is disappearing. Sell it now, even at a lost. Silver is used in all electronics the industrial use is growing. Silver will outperform
Thanks BYB 👍
Basically, Platinum is dead unless a new industrial use for it is found.
Platinum looks too much like expensive silver, I would buy it for 2x silver price. As a step from silver to gold. It may end up falling in between. The density of the platinum is very cool tho.
Its been a dog and I own a lot at 800 USD from the Covid lows. I also own gold and silver which have done a lot better so Im ok. NOBODY buys platinum for stacking. its almost purely an industrial metal with jewelry use. Its a very illiquid market so hoping to see a 1/1 ration again with gold 1 day where I could swap for more gold. I have bought impala ( IMPUY ) a few weeks ago and up 40% on it so maybe its an indicator.
Because platinum isn't a precious metal. It's not bullion. It's a rare industrial metal that's being artificially propped up as being comparable to gold and siver. In reality, it's just not. And its price over time reflects that reality.
Bit like copper
If silver were compared to Platinum, another industrial metal, rather than the tier one asset gold, one could see that silver is highly over valued. See the Bullion by Post Pt vs Ag chart. EDIT: Or platinum is highly undervalued.
I think it doesnt have the appeal because it looks like silver to all but the trained eye.
I've got some (very limited) exposure to platinum, but that's through equity in the major mining stocks.
Appreciate that's not what this channel is about, but I can't see much of a reason to stack physical platinum. It's not bullion.
Personally, I think silver will do a lot better in the medium term. To each his own.
It is 100X rare than gold or silver but there is no Industry that demands it Jewelry is how it came famous before but without diamond's it just looks like a nice Silver piece of jewelry...Find or make a demand?$?
Barrow or buy cheap. When it matures sell it later for better experience. Platinum is not cheap, it is still at 1K with the spot price and premium combined. Cheap is Silver at 30 dollars an ounce. You must be a rich boy, never spend time on the streets, calling 1K cheap.
Elon lost about 80% with Twitter/X. Platinum is not that bad.
Rotheriam shurley, you are talking about rhodium
0:17 how do you wedge something when it's on the outside?😂
I guess it’s wedged by air either side of it all 😂
But I get what you’re saying
I thought the same 🤦🏻♂️🤔
It's provocative, it gets the people going!
Platinum is mainly used for catalytic convesters in gas cars. More EVs means less demand for platinum, same with palladium.
Il tell u why other metals dont move well cause none of them matter just gold simple just gold
I think platinum is a smart buy right now
I havent bought any
Wonder what that means lol
this is what i dont get, if russia is holding back supply and all the sanctions on russia and all the mismanagement in south africa and its mines, surely pt would be at least US$1500 now? yet its below 1,000, dont get it.
I wouldn’t touch Platinum
Ditch and switch
a 4k oreo!
Yuck, oreos.
Bwhahahahaha this made me laugh!❤
Who produced most of Pt and Pd in existence? Russia and South Africa. Who is setting the "market" price? Britain. Go figure... Why would colonizers pay a fair price to the former colonies and "bad guys"??
Platinum is the ugly duckling of precious metals.
BYB, you are promoting a company which... well can't really say that because the company has no right to do any business anymore as it got deleted in May. So there is no company anymore behind a website of European Mint. The prices still include VAT but if there is no company, who will be paying that to the government? Is there a possibility to get ripped off buying from them?
BEST BULLION OÜ
Status: Deleted (02.05.2024)
VAT identification number: Expired - EE102000076 (Ended 02.05.2024)