/biz/ - Business & Finance

>>23286546
Red pill me on platinum. I know it has plenty of industrial applications. Is there demand though? Any trend? Better than gold and silver?

>>23286546
If you’re confident the Ayys won’t share their metallurgy secrets soon, sure do it.

>>23286546
buy rhodium in the next market crash (probably soon with the way the chink flu resurgence is going.)
>6x return on a precious metal

>>23286563
https://www.youtube.com/watch?v=byzaoji_9kk

This is what you need to know.
If its better than gold and silver I dont know, better in what? In theory platinum should be more valueable than gold, since it is significantly rarer and more noble. Silver is a shitter for those that like to gamble and cant afford gold, so the majority of your precious metals portfolio in the long term should be in gold.

>>23286546
That would be roughly 2,755 USD correct? From a chemistry perspective it has much more utility than gold and is more durable. I would say yes, but given the state of things honestly you’d be better off just buying TQQQ and riding that train until (((they))) no longer decide to allow that free money to continue. It’s a rare precious metal and will be important in the future so you should definitely grab some, but the growth of the nasdaq will likely outpace the growth of platinum for a while. If you are concerned about impending doom and gloom then yes, buy as much platinum as possible.

>>23286546
my wedding band is platinum. Shits like 8x since I got it. Pretty comfy

>>23286680
Is your wife fit?

>>23286630
the price of platinum has been relatively stable for the past 5 years. i don't see a point of buying it. it has industrial uses (catalysis) but as a speculative instrument there's not a lot of price movement. it seems like a poor choice as a hedge against an economic downturn, as the main driver of its price (industrial use) would also be in the shitter, which would in effect drive the price of platinum down until manufacturing and consumer spending recover. if you want to throw money into precious metals i would do something driven by speculation like and gold, or something meme-y like rhodium.

>>23286546
Buy platinum until the price is 1-1 with gold

>>23286704
psh

Rhodium?

Bish get yoself some Palladium

>>23286602
>better in what?
Future demand. I'm industrial terms of there is a trend that'll increase demand it should increase price. I don't want to buy just because it's shiny

>>23286769

>>23286769
i could be wrong but i think rhodium is used more commonly than palladium in high end meme jewelry for rich faggots.

>>23286829
you dont buy palladium because of jewelry

You buy palladium because 90% of it is located behind Russian Sanctions....

>>23286586
I have rhodium looking to sell. You can come pick it up in switzerland.
10k dollarinoos per ounce

>muh precious metals, gonna store them under muh mattress