Been stacking platinum for 3 years now. My goal is buying 1 ounce per month. Platinum is extremely undervalued to gold and silver. As mentioned, platinum has been having issues being mined because of South African miners striking and energy/electricity disruptions; potential supply chain issue in the future. Platinum's price is currently near/at/below its cost of production....that's the BEST time to buy. Accumulate and wait, that's my strategy.
But platinum doesn't go up in value. If you look at the last ten years it's not impressive. Gold is far better to invest. Like if you buy a Oz of platinum ten years ago you lost money due to inflation.
@@constantinvaldor3742 Platinum has cycles just like every other commodity. Yeah, if you bought platinum 10 years ago, you lost money. But if you bought platinum in 1999 at $400, you would have had a 4x gain in 2008 at $2000 per ounce. Platinum hasn't had its bubble burst since 2008. To me, that means it's in line next to have another bubble burst. And right now, no one is paying platinum any attention....the best time to buy.
I’ve been holding platinum since 2018 it hasn’t moved. I still love the metal. The longer it stays cheap the more I’m going to accumulate. Don’t let them throw you off with the volatility. It cost a lot to mine, only comes from 2 places, and has uses. We’re also running a huge deficit! Biggest platinum deficit in history. 1mm oz deficit last year and platinum hasn’t moved. These opportunities don’t come very often. Don’t forget what happened to rhodium, iridium and palladium.
I love collecting the queens beast platinum series. platinum bars are also the only metal that I consistently make money off of, as spot goes up & down. Feels great in the hand too 💸
I only have a few ounces of PT. Gold is my #1 and silver is #2. Bitcoin is #3 for me. Silver used to be my #1, but now that I'm older, I'm more into wealth preservation over wealth gains. Everyone should stack what they like though. I wont ever tell people they are wrong for stacking PT. Well done SD. :-)
I buy platinum to swap for gold the day it reaches parity; I also own a few ounces of gold and healthy sack of silver. 24 ounces of platinum, 2 pounds, is enough for me.
16-Jan-2024... Platinum ($895) and Palladium ($918) are having their asses handed to them over the past few days. Might be a good time to look into acquiring a few specimens of each.
I love platinum. I stack it at a 1-2 to gold. PGM’s in general are that wild card. Palladium ranges from 200-3000 platinum from 600-2200. You can make crazy money with them. Rhodium went from 800-10k! It’s much more like gambling than hedging but to each his own.
I believe silver is the best metal to invest in it has big potential gains. You're looking at an ounce that's probably $30 an ounce and most likely will go up to about 50 to 100. So I'm precious metal that's exactly what I would invest in 😊 😊.
I like the color contrast between silver and gold. Platinum looks like silver in my stack. Spotting the difference between silver and gold is night and day. I know it sounds stupid but that’s where I stand.😂
Ive picked up a little fractional platinum here and there, on the right day i can find a pamp suisse 1 gram bar for about $40, i predicted some time ago that platinum would dethrone palladium and while i dont often check spot prices, last i knew platinum and palladium were less than $100/ozt apart. Platinum seems like a good choice for a speculative investment!
Platinum does not corrode. At all. It is super hard to mint. Resell is going to be a challenge, get 1 ounce gov't types or valcambi bars. It is noticeably heavier and frankly it is brighter than silver. Would blow my mind seeing platinum US dimes or quarters!
Great video. I agree, stack gold and silver first. Them platinum for a speculative pop. Platinum mining is also concentrated in volatile countries like Africa and Russia, I could see and embargo that would send bullion to Pluto, like rhodium and palladium. I will buy some more platinum when it goes to 800. I can see a short squeeze coming because it is such a tiny market
I've only been stacking two years now, I've even thought about platinum to purchase but it not been doing to well like Silver and Gold, I have been looking at the stats on platinum these past two years too, but, bottom line, I guess I just don't feel good about platinum, but that's IMHO. Appreciate your video, especially the stats you've shown. Hope I don't get any flak about this. Thank You Sir. THE SARGE
like you said.... platinum is used for emission control in the gas engines, which could be on its way out. I've heard and read about platinum being used to make hydrogen fuel cells. If that type of fuel cell becomes a reality, then maybe it's spot price will be going up.
Your comment about gold doing better than the S&P is incorrect. The chart you were using was a 0 based % chart where the S&P didn't start until 2009. If you adjust the chart to were the both start at 0% you will see that gold was up about 100% and S&P 425%.
Yeah the premiums are high but I think the value is there even if it's not rising like gold has. Something tells me it's going to have it's day. The fact that it is used as a catalyst for medicine and fuel cells makes it a stable bet for the future.
You are legendary man! Can you make a video on what you think about getting started. Just the basics on how you think we should store it, what to buy thats good to barther with. Pros and cons with silver vs gold. That would be a really cool video to watch. I really like your videos when you are on site in the coinshop. I really like how that team is so professional, and you really seem to be good friends with them. Stay hard, stay sharp!
I like platinum, but I’m not really stacking it. I’m trying to get as many different 1 oz coins as I can though. Eagle, Maple, Britannia, etc & also the Perth mint lunar series.
SA mines being shut down due to lack of stable electricity, 300 laid-off at MT Stillwater mine, and the rest of production being sanctioned out of Russia may combine to put a floor under price this year. Waiting for the next Fed mistake to crash all markets for another chance to stack PT.
By dollar value: Gold for wealth preservation and to take with you if you have to run - 77% Silver - possibly to make you rich if used as a currency. Solar panels and EVs for industry - 20% Platinum and palladium for fun. ICE engines aren't going anywhere - catalysts will be needed. Pt - 2.5%. Pd - 0.5%.
Thanks for an informative intro on Platinum. I am wondering if platinum is evaluated on the basis of its price relative to gold. That's how silver is evaluated, and that's how I know when to stop buying silver and switch to gold, based on the silver to gold ratio. Is this also true for platinum? I ask because in the future, when silver becomes too expensive for me to buy, I am considering buying platinum instead, as platinum is roughly half the price of gold. Thanks for your time and consideration.
Platinum and palladium are not widely considered money. I have no platinum and no real interest in buying any other than I like the eagle on the reverse of the US platinum coins. It's worth noting that so few people bought the platinum eagle bullion coin last year that the US mint put the program in the chopping block. I'm not sure if they will be producing any in 2024
It's hard enough to sell that the US Mint has the platinum Eagle program in the chopping block. It seems that 2023 may have been the last year for them
if you take a closer look at the chart in front of you, you will see that gold was at about 230 and platinum at 300+, then gold went to 300 and platinum to 600 dollars, it must have been before the industrial pressure,
The US platinum coin has got to be the worst design I've ever seen. It looks like a generic round. Could have done the standing liberty obverse and the morgan reverse and had a real banger of a coin.
Platinum will be sideways for a long time. Palladium is the metal widely used in catalytic converters, and when demand skyrocketed in the auto industry, mining PLATINUM to extract the Palladium is how it’s done. Now there are stockpiles of leftover platinum. It should be a lot lower, frankly.
Platinum's value is directly correlated to the automotive industry, and it's purely for catalytic converters. As we go more electric in the future, platinum is going to tank. Electric cars do not use platinum. And the jewelry demand for platinum is even less than silver. Platinum's physical rarity doesn't mean much when there is no demand for it.
Between the manipulation of Silver ( 87:1 silver-to-gold ), the dismal stock market, the stagnant metal prices and the relentless inflation...I don't know...what is the right play?
@@leeroyjenkins3677 SP 500 had less YoY growth compared to gold or silver since the 1990s (SP is 10.1%, gold is 16%, silver is about 13-14% since 1994.) DJIA is better but still just under gold at 15.7% YoY since 1994.
I have no desire to stack Platinum. To me, it doesn't have the appeal of Gold and Silver. It "feels" like it's a man-made metal, maybe because it can't be manipulated with hand tools.
One slight caveat. Yes gold beat the S&P but that didn't take dividends into account..Ala you still had the ounce of gold but you had MANY more shares of XYZ.. Just keeping apples to apples.
It is that common. It's just that it takes so much more effort to get it out of the ground and refined. That's why it's considered rare. The refined product is rare.
I'm favoured, $60K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to miss Susan coriale
