Platinum to da Moon!

Tokyo said:
Yes I can’t remember if was you but pointed out about tailings problem. I simply think less people own cars and more efficient ways to travel or ship products. Probably less population world wide except in Africa area.
numbers are definitely far fetched as always news and reporter’s magic.
Hydrogen is burning compressed gas means we still produce strong heat in the air and to create hydrogen is whole different things involved
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I think you're referring to NG. Fuel cell doesn't burn hydrogen. Hydrogen combines with oxygen to produce H2O and in the process generates electricity.

BlackSheep said:
That's not what Johnson Matthey are saying
https://www.reuters.com/article/palladium-platinum-johnson-matthey-idUSL1N2KG11I

"
LONDON, Feb 10 (Reuters) - Platinum, palladium and rhodium
used by the auto industry to filter emissions from engine
exhausts were all in short supply last year, data from
specialist materials firm Johnson Matthey showed on
Wednesday, as prices for the metals soared.
"​
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Based on this chart, investment rose sharply in 2019 and 2020, so surplus becomes deficit. For 2020, production also fell, increasing the deficit.

https://platinuminvestment.com/files/786933/WPIC_Platinum_Quarterly_Q3_2020.pdf
 
Tokyo said:
I don’t think it’s that simple.
We need smarter people people who doesn’t build on shaky or flood location. Needs more research&development China and Russian can lead the way with nuclear. Just too much waste to use existing plant and some country doesn’t have to room like we do for storage.
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Renewables can replace nuclear, now the main problem is storage. Wind and solar don't work 24 hours or during winter. Electricity can only be stored in batteries that are insanely expensive. Storage problem can be resolved using fuel cell. Solar energy can be used to generate electricity that creates hydrogen from water. The hydrogen can be stored in tanks, pumped through pipes or even sent across the world on ships. The end result is zero emission.

The technology and means is already available, only the will is needed. It's possible to manufacture massive amount of solar panels, silver is abundant. The infrastructure for hydrogen can be easily built up - only matter of financing, not a technical issue. As for fuel cell, there is already technology to minimise platinum usage to only a couple of grams per car.
 
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It's going up and down, but the real demand from fuel cell has not even started. Hydrogen does not become frozen nor does it require a grid or sunlight to work.
 
I'm surprised car companies are not starting to utilise platinum more since Rhodium has literately gone to the moon and beyond.

Screenshot_2021-03-04 RHODIUM 2012-2021 Data 2022-2023 Forecast Price Quote Chart Historical.png
 
Pt or even Pd isn’t a replacement for Rh which is used to remove NO. Because so little Rh is used, even at $28k per oz, the total cost of Rh per car is only a couple hundreds of dollars.
 
sgbuyer said:
Pt or even Pd isn’t a replacement for Rh which is used to remove NO. Because so little Rh is used, even at $28k per oz, the total cost of Rh per car is only a couple hundreds of dollars.
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Sorry, i mixed up Rhodium's use with Palladium. My bad.
 
leo25 said:
Sorry, i mixed up Rhodium's use with Palladium. My bad.
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No worries, I missed out on Rh, did preliminary research when it was $2k. Tried to buy but couldn't find a way then. Unlike in Australia, we don't really have much options other than au and ag. Even for pt, I'm not too sure I can sell it in the future for a good price without being chopped by the dealer.
 
B
sgbuyer said:
No worries, I missed out on Rh, did preliminary research when it was $2k. Tried to buy but couldn't find a way then. Unlike in Australia, we don't really have much options other than au and ag. Even for pt, I'm not too sure I can sell it in the future for a good price without being chopped by the dealer.
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Bullionnow will pay spot
 
sgbuyer said:
Yup, perhaps I would look into this option for pt but that would be quite a distant future.
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Hey quick question do you know why the premiums on silver is sky high? Like $200+ premium for a kilo bar is insane. Here in Aus the cheapest I've found is $88 and I still think that's expensive.
 
slavaja said:
Hey quick question do you know why the premiums on silver is sky high? Like $200+ premium for a kilo bar is insane. Here in Aus the cheapest I've found is $88 and I still think that's expensive.
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do you mean BS? they are selling to the Americans. More and more dealers are posting apmex style ripoff prices. I paid $29 per oz (actual price) my last buy early Feb. Ripping off ppl is not good for the market in the long run, that's why I have been complaining.

this is the problem when you give out a lumpsum stimulus cash, for people that don't know how to save and can't wait to spend any money they see, it gets squandered away. they should follow our way, give you $100-$200 every 2 months. :D
 
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sgbuyer said:
do you mean BS? they are selling to the Americans. More and more dealers are posting apmex style ripoff prices. I paid $29 per oz (actual price) my last buy early Feb. Ripping off ppl is not good for the market in the long run, that's why I have been complaining.

this is the problem when you give out a lumpsum stimulus cash, for people that don't know how to save and can't wait to spend any money they see, it gets squandered away. they should follow our way, give you $100-$200 every 2 months. :D
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think more on international markets disparity, UK products in UK got VAT, so people there can open online account and have their metal stored in BS, their action will pushed the price up to the par out the benefit of them buying outside for lower prices as compared to their home country

diversify outside home town, products choices etc

Apmex can be expensive
 
sgbuyer said:
No worries, I missed out on Rh, did preliminary research when it was $2k. Tried to buy but couldn't find a way then. Unlike in Australia, we don't really have much options other than au and ag. Even for pt, I'm not too sure I can sell it in the future for a good price without being chopped by the dealer.
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Perth mint offer Silver, Gold and Platinum as options in their depository scheme.
 
So is this a temp. dip or a major down trend on PT? I saw a 1/4 and 1/2 oz eagle at a shop and turned it down due to premium but it is the first physical that I have seen in a while.
 
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