Why is there so little talk about platinum as a place to store wealth? You hear people talking about gold and silver so much more. Is it because it corelates closer with the economic cycles because it is used more for production while gold and silver are better hedges against stocks and market downturns? Or is it more so because the price has been cut in half over the past decade so no one is talking about it? Does anyone know how this compares to around 2010 when platinum was at $2000 per oz?
From what I understand about platinum is it is scarcer than gold and harder to mine as well. I've always wondered and it's even hard to find any news/information about it.
Edit: From the little I know about gold and platinum, I believe gold is also used for electronics which is a growing industry and platinum is used in automotive industry, which is being disrupted by electric vehicles. That could also be a reason for the decline. Just thought I'd add this to the discussion
Submitted August 28, 2021 at 11:26AM by ilinula https://ift.tt/3mHH2jS
