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File: 60 KB, 1300x866, 43158641-two-platinum-bars-isolated-on-white-background.jpg [View same] [iqdb] [saucenao] [google]

why is platinum cheaper than gold despite being scarcer? Anonymous Wed Apr 17 13:57:50 2019 No.13356154 [Reply] [Original]

annual production of platinum is 150-300 metric tons a year while for gold its 3000-4000 metric tons per year.

Despite being more scarce and having nearly the same qualities like not rusting or tarnishing it's worth less.

Is buying into plat bars and coins a meme? Im convinced it is but whats the general opinion here? why are they so worthless?

>>	Anonymous Wed Apr 17 14:03:41 2019 No.13356221 File: 110 KB, 326x281, F4629F14-C6F4-4824-A1F9-4BE2EEFB6995.gif [View same] [iqdb] [saucenao] [google] >>13356154 Jewelry industry Computer processors industry Are you even trying? Act like you want to make it.

Anonymous Wed Apr 17 14:08:33 2019 No.13356271

>>13356221
>jewelry industry
wheres the demand?
>computer processors/everything else not related to jewelry
you dont need much plat for those which is why production is low to stagnant while gold production is slowing down from low below ground reserves. .

Again where is the demand? Platinum is worthless because people dont consider it godly like gold and never will.

>>	Anonymous Wed Apr 17 14:13:22 2019 No.13356315 >>13356271 >lives a life void of women. No wonder you’re so out of touch. You’re never foing to make it.

>>	Anonymous Wed Apr 17 14:14:24 2019 No.13356325 >>13356271 Also notice how even my id implies that I’m fucking amazing. MOTHER FUCKING BITCOINWHALE, BITCHBOI.

>>	Anonymous Wed Apr 17 14:17:01 2019 No.13356347 File: 69 KB, 1066x600, 2gnfgm.jpg [View same] [iqdb] [saucenao] [google] >>13356315 >>13356325

>>	Anonymous Wed Apr 17 14:41:54 2019 No.13356570 bunmmp ffaggots

>>	Anonymous Wed Apr 17 14:54:50 2019 No.13356659 >>13356154 Platinum is hard to sell when the time comes and local coin shops barely want to buy it and if they do you will get well under spot. You will never have a problem selling gold or silver though.

Anonymous Wed Apr 17 14:59:11 2019 No.13356682
File: 138 KB, 652x680, 1554934733863.jpg [View same] [iqdb] [saucenao] [google]

It all comes down to demand, that's basically it anon. From who? Well definitely not from the public I'll tell you that much. Every product needs a buyer, sad to say that Platinum doesn't have very many compared to Gold.

Anonymous Wed Apr 17 15:14:31 2019 No.13356813

>>13356682
yes but the question is if there will ever be demand? Platinum is important for automotives, medical stuffs and other things but as the op states, only 150-300 tonnes of it is produced each year, most of it in south africa. 1/3 of platinum produced is used in jewelry and frankly it looks less neat than silver.

>>13356659
thats what im thinking.

>>	Anonymous Wed Apr 17 16:33:32 2019 No.13357573 >>13356154 Niggers, women, jews, Italians & pajeets... mostly. Historically they were priced similarly

>>	Anonymous Wed Apr 17 16:35:52 2019 No.13357588 >>13356154 Only drawback is liquidity. I'm not sure if gold is overvalued or platinum is undervalued.

>>	Anonymous Wed Apr 17 16:48:04 2019 No.13357682 File: 69 KB, 477x883, w4y5retdf.png [View same] [iqdb] [saucenao] [google] >>13356682 He looks like Gaybo.

Anonymous Wed Apr 17 16:57:44 2019 No.13357745

>>13356154
The answer is history and precedent.

Gold is valuable because it has been a monetary standard for millennia, and so everyone else values it

Platinum never has, you’re not going to see governments fomo into it when they are all already using gold

>>	Anonymous Wed Apr 17 19:22:59 2019 No.13359019 >>13357588 Gold is overhauled right now

>>	Anonymous Wed Apr 17 21:40:05 2019 No.13360148 >>13359019 Overhauled?

>>	Anonymous Wed Apr 17 22:09:07 2019 No.13360389 File: 710 KB, 1242x1778, EF4BA793-5AB4-45C1-B346-7A25FD783E2D.jpg [View same] [iqdb] [saucenao] [google] >>13356154 Stock to flow ratio

Anonymous Wed Apr 17 22:16:32 2019 No.13360442

>>13356154
Comes down to demand over scarcity. Gold has more uses and is a backer in most currencies so it will have more demand to more people. Still I would buy some, I have and will sit on it and see if it builds any real equity over time. Just don't go crazy and break the bank over it. As a side tip make a gold panning setup if you live near any river deposits i do it and make an extra 300-400 a month when i go fishing and collect sediment to sift.

>>	Anonymous Wed Apr 17 23:06:58 2019 No.13360741 >>13360442 >Comes down to demand over scarcity. this. t.collectors market aficionado.

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