Why is platinum so cheap - it should be worth more than gold?

#gold #silver #inflation

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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[Mat-threw]

I can remember when rhodium was around $3500 an oz. & I considered buying a bar just for the novelty but decided it was too niche a thing…At the peak of the pandemic, when there were sourcing issues rhodium went to like 30, 000 briefly.

[maxf]

Ultimately all of the prescious metals we stack will do well. Unfortunately, it takes patience. But im preparing for the future, not trying to profit today. Guess it depends on your angle

[PenArrowNation]

Wow, that’s a very beautiful Platinum coin

[sandmanslim]

I don't actually have any platinum of my own, but I very much would like to get some as soon as I'm comfortable with my gold and silver.

[sswwiinnccee]

I’d rather have 90 ounces of silver for the same price. That’s just shy of 3 kilos for one solitary ounce of gold. I can guarantee that you’ll make A LOT more profit from those 90 ounces than any gold or platinum equivalent.

[darkhorse]

Palladium even more rare and inexpensive

[maxf]

Is it truly cheap tho- or is gold overpriced & valued? Bc to me, gold is gaudy AF. Platinum, palladium & silver all look way better - & oc silver is the dominant metal in terms of applications. Seems like our priorities are all backwards & we value the wrong things, until crunch time comes.
Mark these words Internet- silvers spot will be close to golds within 100yrs. Maybe even 50. That's a personal prediction & ik it's not a popular one- that's why it's mine. Silver will rival gold

[JayLouie-gj]

Right now, platinum looks like a bargain compared to Silver and gold

[ΦίλοςΤουΑλήθειας]

As a jeweler become tech guy I have a slightly unpopular perspective. Platinum doesn’t have the range of utility that gold does in technical and aesthetic uses. IMO.

[Randykushman]

Im going to a coin show tomorrow, and there a pretty heavy sales tax in my state so there no tax at the show. So im probably gonna scoop some platinum. Really I want Palladium but we will see if anyone is selling any tomorrow! Id love buy gold but at damn near $3000 oz way better opportunities right now I think

[michaelangelobergeron]

So I peaked at the difference in price for 1 ounce platinum Eagles on Monument Metals and APMEX, almost $200 more on APMEX! Monument Metals has a great deal

[demolitiondan]

Platinum is NOT a monetary metal like gold and silver is. It’s mostly industrial (so is silver to a large degree)……🤔😉👍🏻👍🏻🇨🇦🇨🇦

[ethanleon]

Nice i love platinum i have some and the contrast you shown in close up is supurb without telling how the cost of platinum was twice the price not too long ago and 40 time s more rare than gold

[Rev_]

Silver. I think for industrial purposes, silver has to go up.

[kevinsharpe]

I’ve been buying more platinum the last year

[jfryer]

One problem is that it is so much like silver.
Put silver and the same platinum side bu side and try to see which is which.

[mRahman]

"Cheap" for those who have an extra $10k laying around lol

I'd rather stack bars of Titanium.

[harryzero]

Good luck finding platinum for sale in the UK.

[constitutionalstacker]

Platinum has a been a dog lately. I add some here and there, but my expectations for it are not very bullish. Gold baby gold!

[whatismyname]

It went down because of electric cars they don't need Platinum as much as a gas car with the catalytic converter