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!
@stephenyoung842929 күн бұрын
Totally agree 👍
@milohenry123329 күн бұрын
Yes but the demand is gone and is not coming back ?
@tokertalk964829 күн бұрын
@@milohenry1233 that's what all the dumb money is saying.
@richardhumphrys790726 күн бұрын
21 times rarer than Gold. Above ground supply that is. Also doesnt wear like Gold.
@milohenry123326 күн бұрын
@@richardhumphrys7907 yes but what are its uses ?
@cyclingphilosopher879829 күн бұрын
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.
@dleetr29 күн бұрын
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.
@Gumardee_coins_and_banknotes29 күн бұрын
Most people have no idea what platinum is, but they know gold. Even if they do or dont collect coins.
@DudeNamedRed24 күн бұрын
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.
@jonstolarski6 күн бұрын
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.
@bingbong731629 күн бұрын
I have the 5 Tudor Beasts released in platinum so far. The least reactive element in the atomic table, got to love it.
@daveschaumann663615 күн бұрын
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!
@monkey3912829 күн бұрын
Gold just has a magic power over humans. Like moths coveting the light.
There is simply something primal about both silver and gold.
@jonstolarski6 күн бұрын
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.
@monkey391286 күн бұрын
@@jonstolarski No offense mate but God and I don't exactly see eye to eye.
@armin1021197829 күн бұрын
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.
@petejames132619 күн бұрын
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
@nickgardener580229 күн бұрын
I’d still buy a completer because that white silver look on that particular coin is mesmerising.
@AccuratePreciousMetals29 күн бұрын
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
@davidboyd402629 күн бұрын
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 😊
@thedude559924 күн бұрын
you bought at the top. bad timing. Start buying more so you can cost average down
@davidwebb490429 күн бұрын
I would buy it, but the taxation stops me.
@davidwebb490429 күн бұрын
@@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.
@johnlee489729 күн бұрын
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.
@AY-qf4pg29 күн бұрын
Platinum is just over priced silver! I kid i kid....or do i?!
@Jan-m5c2r28 күн бұрын
...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." 🙂
@JonathanJoniz29 күн бұрын
Platinum is mainly used for catalytic convesters in gas cars. More EVs means less demand for platinum, same with palladium.
@syovar129 күн бұрын
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....
@MeagerMillionaire15 күн бұрын
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.
@fin59shaw28 күн бұрын
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!
@KumaBean27 күн бұрын
Melting, not smelting. Smelting is an extraction process. 🍻
@fin59shaw27 күн бұрын
@@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.
@KumaBean27 күн бұрын
@@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. 🍻
@fin59shaw26 күн бұрын
@@KumaBean OK, thanks!
@fragdad29 күн бұрын
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😮
@nates431029 күн бұрын
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?
@daviniarobbins929829 күн бұрын
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.
@seminumismaticguy857529 күн бұрын
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.
@johnathangodwin127729 күн бұрын
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
@dglass200829 күн бұрын
THE ONLY reason that gold is doing better than platinum is that: GOLD can be plated, while platinum is mainly an industrial metal!!!
@rumcoke912320 күн бұрын
you obviously dont understand central bank buying. Gold is money while platinum is not.
@rumcoke912320 күн бұрын
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.
@farqs607029 күн бұрын
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.
@shimsteriom419129 күн бұрын
Thanks BYB 👍
@the_islandstacker29 күн бұрын
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 🤞🤞.
@Happycamper1028 күн бұрын
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.
@JosephWetten29 күн бұрын
Dont make videos about platinum nobodys talking about it. which makes it stackable and cheap 😊
@DollfieFace29 күн бұрын
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.
@goldbearbunny478729 күн бұрын
I did buy 1 platinum maple leaf just because I Don't have any won't be buying any more
@thecornishbiker932329 күн бұрын
I think it doesnt have the appeal because it looks like silver to all but the trained eye.
@Pincott153429 күн бұрын
Rotheriam shurley, you are talking about rhodium
@GeorgeOneEleven29 күн бұрын
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.
@turokforever00729 күн бұрын
Bit like copper
@LukeCabral-ip7dh25 күн бұрын
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?$?
@dizzyd782027 күн бұрын
Il tell u why other metals dont move well cause none of them matter just gold simple just gold
@amenhotepv284424 күн бұрын
Elon lost about 80% with Twitter/X. Platinum is not that bad.
@dane303810 күн бұрын
Basically, Platinum is dead unless a new industrial use for it is found.
@Sweetchilliheat1829 күн бұрын
I think platinum is a smart buy right now I havent bought any Wonder what that means lol
@WatchesOnWood29 күн бұрын
0:17 how do you wedge something when it's on the outside?😂
@shanethrelfall41629 күн бұрын
I guess it’s wedged by air either side of it all 😂 But I get what you’re saying I thought the same 🤦🏻♂️🤔
@BackyardBullion29 күн бұрын
It's provocative, it gets the people going!
@meteoman795827 күн бұрын
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.
@petejames132619 күн бұрын
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.
@1977JohnBoy29 күн бұрын
a 4k oreo!
@Gumardee_coins_and_banknotes29 күн бұрын
Yuck, oreos.
@frazzledhaloz318429 күн бұрын
Bwhahahahaha this made me laugh!❤
@paulstevenkelly8 күн бұрын
Platinum will surge, undoubtedly.
@shanethrelfall41629 күн бұрын
I wouldn’t touch Platinum Ditch and switch
@MrTarmakan14 күн бұрын
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"??
@vandreren429015 күн бұрын
Platinum is the ugly duckling of precious metals.
@Scroofies28 күн бұрын
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)