Summary of the Video below
Platinum
If you're new to precious metals, please feel free to read my beginner's guide to stacking.
https://steemit.com/preciousmetalsstacking/@otraza/beginner-s-guide-to-precious-metals-stacking
If you've been eyeing gold and silver for some time and are unsure which to buy (you should probably hold some of both), let me complicate your decision making process a little more by introducing another option, Platinum.
Why?
Aside from being rarer than Gold, the quick answer is price. Right now Platinum is undervalued compared to its historical highs.
The peak price registered at $2,270.50, according to APMEX
As of this writing the spot price sits somewhere around $926, which presents a very good opportunity for those looking to make a decent profit in the near future.
What about Gold?
Gold is here, Gold will always be around. I personally hold Gold as well, but right now I don't think it presents the same short term profit potential that Platinum has, as Gold peaked around $1900 and is currently at around a $1250 spot price.
Another thing to keep in mind is that Platinum has historically been more pricey than Gold, and it is in a peculiar time where Gold is more costly than Platinum. This presents a very powerful Trading opportunity. As the price in Platinum rises, one can theoretically sell their Platinum and "Trade" into Gold for a bargain. This is something I may pursue when the time comes.
Regardless, Platinum presents a unique opportunity and stackers should look into it while the deals are still there! Please let me know what you think, any comments/advice/criticism is welcome. If you like this content, please leave a like and follow!
Thanks,
-O.T.
TL;DR version
Platinum, which is rarer and historically more valuable than Gold, is cheaper than Gold right now. Buy some now while you can, and perhaps later you can trade it in for Gold!