SOME HUGE POTENTIAL - Is Stacking platinum in 2022 A Good Investment Idea & Why Is It So Cheap?
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- เผยแพร่เมื่อ 8 ต.ค. 2022
- #Gold #silver #platinum
If you would like to purchase these platinum coins please email: byb@backyardbullion.com
Why is Platinum so cheap? Why is platinum worth less than gold? Should we be buying platinum right now? These and many more questions we shall ask and answer in today's video. I think platinum is a very undervalued metal and one that could very easily out perform gold and silver. However it is a difficult metal to own physically with taxes and issues selling it. What is best for you might not be best for others.
This video is about stacking platinum and buying platinum as an investment. Platinum is mostly used for industry and specifically the automotive industry in catalytic converters. Platinum spot price has been very volatile over the past few decades going up to $2200 and down to $750. Currently the platinum spot price is $935.
Please understand that this video is made for entertainment purposes and does not constitute financial advice in any way. No contract has been put in place between viewers and Backyard Bullion and as such any and all financial decisions taken having watched this video have no relationship to what is said herein.
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If you would like to purchase any of these coins the price is £1050 per coin (inc. special delivery)
Please email byb@backyardbullion.com to make the purchase
UK buyers only please!
Don't worry cause VERY soon Platinum will shoot sky High before gold and even silver mark my words.
Sure, of course it will.
it isn't hard to sell, I think mostly every NY dealer takes platinum practically, I suggest you take it there
Platinum has huge potential.
Indeed. Especially with hydrogen cell research. 50-60 grams used for each car seems to be a minimum, compared to 5 grams for ICE cars in the catalytic converter. And yes, a hydrogen cell generates electricity for people that think it's another Internal Combustion Engine, so it will be eligible to production after 2035.
Oh My God right
Hi started buying platinum about six months ago. I have 27 ounces and I need five more to make it a kilo. That’s my goal
For being ten times more rare
Then gold but half the price is all the attraction/reason I need.
Not to mention it’s actually more useful industrially. I agree with you, it should be higher than gold. Also, would you rather have a platinum wedding band or gold? Platinum is king!
@@zacharyreff5137 I would tend to agree but platinum has never been used as money where gold and silver has. Platinum is more “industrial” and it can be replaced with other metals. I think that’s why it’s not being priced higher than gold. With that said though you’re right I rather have the platinum wedding band lol
Platinum is an interesting metal. I don't think anyone can go wrong on 1oz Platinum Brittanias. I've been getting the Platinum Tudor Beasts, and I have a Platinum coin from Gibraltar. I'm not an expert, but it does seem like the price is good. Five years ago, the price was roughly about $900, now it is roughly $900. Within that five years, it had lows of about $600, and a high of about $1300. Who knows what it will do, but there is also the collector value of the coins.
I bought a 1 oz PT Britannia from SD Bullion for $950 2 weeks ago. It’s my first (& possibly last) platinum coin. Don’t really buy as an investment, but the price was low & I just wanted to have one for my collection.
Just wanted to say I bought my first British coin and it was from the UK Ellerby hoard recently auctioned off last week. Excited to have a part of history 400 year old coin. a real study of what merchants used in that day and age. Remarkable that family had a collection of gold spanning 100 years when people did live more than 50 years typically… if those coins could speak
Please make a video like this on Palladium too. Please more. Ramble society represent
1oz Platinum Philharmonics are sold out… I have about 2oz of Platinum. I am not sure about the potentials. Talking as a chemist, chemical companies and oil refineries would sell Pt in stock and use other catalysts if the prices would go up. These tons of Pt on the market would immediately have a negative impact on the prices imho. I will continue buying some fractional coins from time to time but that’s it.
Silver has a lot of industrial demand yet its £16. Gold is £1500 and has less utility & Bitcoin is $19-20k and its absolutely useless.
Crazy world isn't it!
@@BackyardBullion I think the better the use case the worse off investors are because they supress the price.
1 year later bitcoin has doubled.
Great info
I love Platinum, I think it is priced cheap. And, a nice dip zone right now. I just ordered the Tudor Bull if Clarence, I've been getting all of the Platinum Tudors. Platinum may look similar to Silver, but not if you hold them both.
Electric cars don't need a catalytic converter in the exhaust pipe. The reason why platinum went high was it's use in Cat Converters.
I do have some platinum. For 1 I really like the look of it and for 2 diversity won’t hurt
The LCS's in my area will buy platinum but it's always below spot.🇺🇸🇬🇧
This is the worst sales pitch ever hahahahaha! Great video. Thank you!
I'm thinking about getting some next year. Want more gold and silver.
Just bought the 1 1/10 Kookaburra 2021 for new years 1st buy ,just to have one ! Happy new year m8 !
You too!
I see that the Platinum Eagles are still stamped $100 while the Gold Eagle is only stamped $50. If this is the case then Platinum should be twice as much as gold. MO.
My platinum plan is 10 oz.
I like Palladium more than Platinum.
Platinum has gone up $100 in the last week or two to $1000. David Morgan likes platinum too. Watching from Australia.
Want to get some platinum coins regardless of the price. (when it dops back under 900) It's such a beautiful metal. I hear it's 40 times more rare than gold, but hard to melt.
I have 1oz of platinum just to have a little diversity, agree there is a lot of potential in platinum but is an unknown quantity.
Undervalued. But I don't know why is so cheap compare to gold
If you read your home insurance policy, Platinum is on the first list of previous metals, followed by gold and silver.
You can buy shares in WisdomTree's Physical Platinum fund through a stocks and shares ISA to get exposure without having to pay VAT on a physical coin. I'm bullish on platinum. Industrial demand looks set to rise as it is used in hydrogen fuel cells and a range of other niche functions. Also, its production is concentrated in South Africa and Russia, both pretty unstable countries.
Well once the masses were able to melt and purify platinum to a degree, and start minting things, that would have been the great time for it to become a medium of exchange and a unit of account, but it never did, which is why I don't see it as a form of money, even though it definitely holds all of the properties, just like the other for precious metals. I used to stack it and there was a point in time in 2020 and in 2021 that I was able to increase my gold stack by offloading Platinum and I do not regret it to this day
Cool kid here , I'd love one but I can't yet afford a gold 0z , can't stop buying silver to save !🤦♂️😂
Buy platinum. Exchange for gold. There. Solved your problem.
Every time I go into a shop thinking I might buy some platinum, I tend to get distracted and buy silver or gold.
Ha, yeah I mean the same happens to me online!
Platinum is such an unloved metal. Hedging my bet that geopolitical events in the two countries that mine it and China stockpiling it will move the price higher over time. Short Palladium long Platinum. 10oz gold to 1oz platinum ratio here.
Cheers🥃
I pass because it’s not a monetary metal and it seems to be niche so I’m concerned about being able to sell it. The LCS’s in my area don’t handle it.
I only buy VAT-free platinum on my travels. I nearly also recently bought a 1oz palladium bar but saw it would have been difficult to sell on, so did not go for it in the end, but I would have paid near spot price for it.
Thanks for sharing!
I know just Singapore where bullion gold, silver, and platinum are VAT free. Where else? Middle eastern countries?
Watch the platinum silver ratio and convert accordingly
I buy gold, the only platinum in my collection is the Paltinum Jubilee 1 oz coin (200 minted). After grading as a 70, I think that’s a keeper
Thats the MOTHER OF COINS in 2022. Best proof of the year.
You have to consider you exit strategy and how hard that may be...
And these 6 out of 13 platinum coins are already sold in a day...
Definitely a great metal to stack. Britannias offer the best option for the money. Easily $60 cheaper than American platinum coins (plus a more elegant design).
Only drawback is the ~10% premium, plus VAT if applicable. Gold is still more reasonable with 5-7% in premium.
I do not have Platinum in coins only in Jewellery like rings yes Platinum most certainly has good potential.
The buy/sell spread of Platinum has always made it a difficult metal to stack. I own only one Platinum coin, a 1989 Proof Maple that came with gold and silver coins. Its rarity gives it some protection against poor offers.
I think vat on precious metals should be repealed or reduced since it limits peoples willingness to invest in it. Also I think it would help even if you just got rid of it for stackers buying anything in ten ounce size (like bars) or less. Only problem for a while then would be premiums while wholesalers and dealers try to shift overpriced stock.
Agreed
If gold fall like platinum one day what would you do?
The giant vein of platinum found dropped its price to under half of what it was worth. If you can find giant veins of it, then there might be more giant veins of it. It could be like water aka silver.
Good point
Do you think COMEX will get restocked with platinum by the end of the year?
There is a rumour at current rate COMEX is running out of platinum on 25th of December....
Rumors, clue is in the word.
@@BackyardBullion Is it true that approximately 80% of physical platinum has been drained from COMEX stocks since April this year? Or if it is true - is it possible new platinum will arrive and what could be the source of it? I am looking to find flaws in my analysis on platinum short squeeze.
Few countries have minted platinum coins.
VAT is the killer.
To all those nationalities who are unaware- in the UK, you pay 20% on top of the price for VAT (Value added TAX) for precious metals except Gold. You've lost that amount immediately.
The sleeping giant
Could well be!
@@BackyardBullion question is why
Interesting
From a UK point of view, platinum is very long term. Platinum, is more like silver then gold. Because, in the UK, you have to pay VAT. And in 30 years. You might have more options to sell platinum. Or you make even.
UK is shit .good dealers are based mainly in US and Canada
Well is it worth less or does it cost less haha definitely the latter and we could debate the first
should i buy platinum or an overpriced mansion. i heard real estate is a solid investment
I don't see a good reason to buy platinum right now, though it could change in the future. Silver has a larger premium but it's easier to sell. Of course nobody can predict the future with 100% accuracy but I just don't see any glaring reason for platinum to be a good investment. And it isn't nearly as liquid as gold and silver.
Gold is not at a high, the fiat currency is at a shat value. It's actually at a low, it should be above 6k USD to be in line with it's 2012 high.
Speculation Speculation Speculation as opposed to location location location opps sorry wrong show. Lol.
Platinum like silver have a major problem they are industrial metals and whilst they stay that way they can never reach full potential. Industrial metals in recessions do badly as the dominant demand factor falls off a cliff. If Industrial metals rise in price too high it will damage the economy as the goods become too expensive . They typically don't out perform shares in good time and they don't out perform gold as safe haven in the bad times . Having said that platinum coins look and feel amazing
While that's true platinum looks heavily undervalued
@@kirilmihaylov1934 main use for platinum approx 50% is used for catalytic converters as ICE become obsolete demand and therefore price will decline. The next largest use is jewelry at 30% which is unlikely to alter dramatically.
@@seminumismaticguy8575 may be but still is a buy compared to other metals prices
From what I’ve read, in the long-term, platinum should continually go down, due to the end of catalytic converters. Electric cars don’t need them, which is the number one use for it. As electric cars continue to gain ground, platinum’s use is decreased. I’m sure there will be ups and downs, but I have no confidence in the long term.
Platinum most likely going down. my price target to get in is around 600. If EVs go mainstream platinum could fall to 400 or 300. They plan to ban gas cars by 2035. But on the bright side if gold and silver go parabolic in the next 12 to 24 months once they go up people will start buying Platinum because it's cheaper than gold and silver and that will force the price up basically just because of demand will be higher. This could be a good speculative play making massive amounts of money on Platinum before the bubble pops.
Under the sponsored research agreement, research and patent applications are being funded in battery innovations using platinum and palladium to unlock the potential of higher power to weight ratios in new-generation lithium-air and lithium-sulphur battery chemistries. This work may now potentially have application to most commercial lithium batteries
The UK Pound is loosing value rapidly. That's the reason why gold has been soaring in England.
Platinum is a bad investment. I bought 20 oz. In 1997 at $700/ oz. It is the worst investment I’ve ever made
I want to believe in it, it’s just never been a monetary metal.
It was, in Russia or in the Soviet Union.
Hydrogen economy
It is the future!
Platinum is rarer than gold and harder to refine than gold
Yes but the price is lower
We have to consider that the Russian supply of Platinum may be unstable...but luckily South Africa supplies lots of it....ummmmmm
Both have some
Russia has little Platinum. What they have is massive amounts of Palladium which is used interchangeably with Platinum in industrial applications.
No. Almost as bad of an investment as silver.