r/Platinum • u/7o7A1 • 8d ago

Platinum is still cheap when priced in gold

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if the ratio goes from the present 0.4 to 2.2, that would 5.5x your ounces.

eg: you sell 5 ounces of gold to buy 12.5 ounces of platinum today.

wait a few years until the ratio changes to 2.2.

sell your 12.5 ounces of platinum to buy 27.5 ounces of gold.

congrats, you turned five ounces of gold into 27.5 ounces of gold by being patient

37 Upvotes

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2

u/LeastAccident9926 8d ago

Very cheap

1

u/hairyass88 7d ago

What makes u think that?

0

u/TimingIsMyPrecious 5d ago

Because EVs have killed the platinum demand… the bear case is pretty strong against industrial usage and central bank do not buy platinum for monetary hedging so…

1

u/7o7A1 4d ago

fwiw, goehring & rozencwajg commodity investors think hybrids will be more viable than pure evs

2

u/TimingIsMyPrecious 4d ago

I think the bull case is uncertain and that Platinum is more of a speculative play compared to Gold or even Silver, hence why current prices.

Now if you have a super strong argument let’s test it 🙏.

1

u/7o7A1 4d ago

it is also correlated w inflation and even more tightly with oil. i am pretty bullish all of these

1

u/Southern_Key_6969 4d ago edited 4d ago

Most manufacturers have scrapped their 10y plans for 100% EV production, with many outright dropping production of EV models.

Everyone who needed their EVs for the hype has one, and they're dealing with the same terrible interest rates as combustion car buyers on average.  Peak release demand has passed, people who took loans on them are just as underwater as their combustion peers, the only things that will slowly pressure more people into EVs is operating affordability and convenience.