/biz/ - Business & Finance

>>53339517
platinum is such an obvious buy at this point, I want everyone here to fuckin get some.
>Supply Stats:
Silver ---------------------------------------- Plat
Spot: ~23.60 ------------------------------- ~1067
Mined each year: ~1b ---------------------- ~7m
total comex: ~101m ------------------------- ~124k

Let's do the math...

if we wanted to buy 1% of annual supply...
10m silver oz = 236,000,000$
70k plat oz = 74,690,000$

if we wanted to buy 1% of comex total...
1m silver oz = 23,600,000$
1240 plat oz = 1,323,080$

Not only this, but when you take into account platinum's exotic chemical properties and rarity, you are getting a much better piece of the pie.
80% of platinum is mined in South Africa - a failing country. The other big chunk ~15% is from Russia(cut off due to conflict).


More Copes:

>muh SHTF bartering
noone in the modern era will barter for a shiny rock, no matter what it's makeup. All rock-value is gone when people want to be pragmatic. You might as well go for the 'gold' and buy noble metals since they're actually rare, valuable, and precious.

>gas cars banned bro...
platinum is mainly used for diesel catalytic converters(safe), but the overall usage is much more industrial. I've posted it before in here, go look it up.

>p-p-post stack
sorry but you're a moron if you take pictures of your stack

>Loool you wrote all that, tldr faggot!
Remember this post when platinum goes bananas, silverback.

>Ur a Jew-hired agent here to trick me into not stacking!!
You fell for the jew diversion tactic. Which was to distract you from gamestop stock. One of the most anti-Semitic acts in history, and performed by reddit shats.

Anyway, tired of hearing about snoo-ver, I get that it's ideal for these pmg trinkets(should not be .999 btw), but it's not really a good investment.