The Truth About Buying Platinum (It’s Not The Same As Gold Or Silver!)

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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The information presented on this channel is for news, education, and entertainment purposes only. The information does not constitute an offer or solicitation to buy or sell any investment product(s) or investment strategies, or a substitute for professional investment advice. It does not take into account your specific investment objectives, financial situation or needs. I am not a financial advisor or a licensed investment professional. Please consult with your financial advisor before following any investment strategies discussed herein.

[cyclingphilosopher]

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.

[socalsilver]

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

[lamarravery]

More rare, cheaper right now, doesn't tarnish and it's dense, that's why I stack it.

[robertblazek]

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.

[stefanoservadei]

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 :-)

[daven]

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.

[jarodcrazyindian]

I invest in both. Silver and palladium are also in my stack. Hedge and wedge. 🙂

[SmartSilverStacker]

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!

[brironmanbtl]

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

[anthonyg.]

That was a very comprehensive video. I trust you put a lot of thought and time into this. Well done.

[viperviperpiro]

i totally agreed with you! thanks for sharing!

[twisttwister]

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.

[alexg]

Platinum extraction cost is now almost the same as its price today! Both gold and silver trade at a premium from their extraction cost.

[mosilver]

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!

[homerj]

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).

[andrewclodfelter]

Platinum bars are almost impossible to find at 1 oz and larger anyways.

[CollectingCoinswithJiana]

Dude i learned so much from this video my mind is blown. Thank you so much Sean.

[tucsonbubba]

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.

[briankennedy]

Awesome video. Thanks for all the info. ✌️

[bigjay]

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