coinbug
Full Member
- Jul 22, 2013
- 109
- 59
- Detector(s) used
- Fisher Goldbug
- Primary Interest:
- All Treasure Hunting
Platinum is cheaper than gold, and I wonder whether it's a good time to stack it.
Here are some pluses to platinum:
1. It's harder to fake, particularly coins. There are a lot of excellent fake gold coins, but - although there are fake platinum bars - I'm not aware of fake platinum coins. They'd be easy to detect in any event.
2. I know platinum is supposed to be harder to sell, but given the above, and the fact that everyone knows platinum is valuable, that may not be the case going forward, particularly if platinum's price rises significantly.
3. It's much easier to store than silver. It's hard to store silver at home in quantity. Even harder to lug it around. Compare a 100 oz. silver bar to a 1 oz. platinum coin (I know, at current prices the silver is worth more).
4. That brings me to the platinum/silver ratio which is currently around 55. It averages around 100 which is consistent with production (about a hundred times more silver is produced than platinum). So in time platinum a maple leaf could be worth the same as a 100 oz. silver bar. And you could put 100 platinum maples in your pockets, as opposed to nearly 700 pounds of silver.
5. Unlike gold, platinum has industrial uses. We all think catalytic converters, and, sure, platinum could drop when we're all buying flying electric cars, but there could be other uses for platinum just around the corner.
6. The mining supply is uncertain and the current low price exacerbates this.
The above occurred to me when I was comparing a platinum maple to a silver maple. The platinum coin is much smaller and much more valuable and hence vastly easier to stack. Given that the platinum/silver ratio is in its favor as well, perhaps stacking platinum is prudent?
Here are some pluses to platinum:
1. It's harder to fake, particularly coins. There are a lot of excellent fake gold coins, but - although there are fake platinum bars - I'm not aware of fake platinum coins. They'd be easy to detect in any event.
2. I know platinum is supposed to be harder to sell, but given the above, and the fact that everyone knows platinum is valuable, that may not be the case going forward, particularly if platinum's price rises significantly.
3. It's much easier to store than silver. It's hard to store silver at home in quantity. Even harder to lug it around. Compare a 100 oz. silver bar to a 1 oz. platinum coin (I know, at current prices the silver is worth more).
4. That brings me to the platinum/silver ratio which is currently around 55. It averages around 100 which is consistent with production (about a hundred times more silver is produced than platinum). So in time platinum a maple leaf could be worth the same as a 100 oz. silver bar. And you could put 100 platinum maples in your pockets, as opposed to nearly 700 pounds of silver.
5. Unlike gold, platinum has industrial uses. We all think catalytic converters, and, sure, platinum could drop when we're all buying flying electric cars, but there could be other uses for platinum just around the corner.
6. The mining supply is uncertain and the current low price exacerbates this.
The above occurred to me when I was comparing a platinum maple to a silver maple. The platinum coin is much smaller and much more valuable and hence vastly easier to stack. Given that the platinum/silver ratio is in its favor as well, perhaps stacking platinum is prudent?
