Silver vs. Platinum; Which is Better?

silver or platinum: which should you buy?

In this video, the speaker discusses the differences and similarities between silver and platinum. They also provide insights on which metal may be a better investment.

Silver vs Platinum

• The speaker introduces the topic of comparing silver and platinum, highlighting that they will discuss which metal is better for investment purposes.

• Silver has been historically viewed as money for thousands of years but is now considered an industrial metal. It has over 1,000 uses including filters, batteries, and solar panels.

• Platinum has primarily been seen as an industrial metal in America but was used as money in Russia in the early 1800s. It is currently used in jewelry, catalytic converters, and cancer medications.

• The visual difference between silver and platinum is that silver appears brighter while platinum has a slight bluish hue.

• Price-wise, an ounce of silver is around $25 while an ounce of platinum is approximately $1,100. Platinum's rarity contributes to its higher price compared to silver.

• Rarity-wise, although silver is more abundant in the Earth's crust compared to gold and platinum, its above-ground supply is about three times rarer than gold due to extensive industrial usage. Platinum is exceedingly rare both in the Earth's crust and above ground.

• There are varying opinions on the rarity of platinum compared to gold. While some sources state it as 9 to 30 times rarer than gold in the Earth's crust, others suggest they are virtually identical. Platinum's overall scarcity is attributed to its limited supply outside of South Africa.

• The amount of platinum ever mined is significantly smaller compared to gold and silver. Platinum was only discovered in the 1500s, and its refining process was invented in the early 1800s.

Conclusion

The speaker concludes by highlighting the rarity and historical significance of platinum compared to silver and gold.

• Platinum's rarity, limited above-ground supply, and historical significance contribute to its higher price compared to silver.

• Silver, although abundant in the Earth's crust, has a relatively low above-ground supply due to extensive industrial usage.

• Gold has been treasured for thousands of years, with a significant amount already mined and accounted for.

• Platinum's scarcity makes it an intriguing investment option for those looking beyond traditional metals like silver and gold.

Timestamps are approximate and may vary slightly.

Platinum vs Silver

This section compares the purity and difficulty of working with platinum and silver. It also discusses the availability of different sizes and designs for both metals.

Purity and Difficulty

• Platinum is harder to refine, so its purity is often listed as 999.5 percent pure.

• Silver is sold in either three nines fine or four nines fine purity.

• Platinum requires multiple strikes to create coins and bars due to its density.

Availability

• Most sizes are available in both platinum and silver, except for thousand ounce platinum bars.

• Similar designs are minted for both metals, with no shortage of unique designs.

• Both metals have coins with finishes like reverse proof and proof bu.

Industrial Metals

• Both platinum and silver are used in industry rather than primarily as monetary metals.

• However, they can still be used as monetary metals if desired.

Industrial Applications and Investments

This section discusses the industrial applications of platinum and silver, their potential as investments, and the premiums associated with buying them.

Industrial Applications

• Silver has more uses than platinum due to its unique properties.

• The speaker has covered industrial applications for both metals in other videos.

Investments

• Both platinum and silver have room to grow as investments.

• Currently, silver is around $25 an ounce while platinum is around $1100 an ounce.

• There is a good selection of both metal coins and bars for precious metals IRAs.

Premiums

• Silver premiums fluctuate depending on demand, while platinum premiums are generally high.

• During times of high demand, silver premiums can increase from 50 cents over spot to around three dollars over spot per ounce.

• Platinum premiums are typically at least $100 over spot price, with American Eagles having a premium of around $250.

Silver vs Platinum

This section compares silver and platinum in terms of price, perception, usage, and durability.

Price and Perception

• When gold prices skyrocket, people shift their focus to silver due to its lower price.

• Many still view silver as money and prefer it over gold due to affordability.

• In 2008, both platinum and silver prices rose, but platinum was in short supply.

Usage and Durability

• Silver has more industrial usage compared to platinum.

• Silver is considered a vital metal for our way of living.

• Silver makes larger percentage moves compared to platinum as an investment.

• In terms of durability, silver beats out platinum in three aspects: price, perception, and usage.

The Importance of Silver in the Stacker Community

In this section, the speaker discusses the popularity of silver among stacker YouTube channels and compares it to platinum.

Silver vs. Platinum

• The speaker notes that there are numerous YouTube channels with "silver" in their name, but very few with "platinum" in their name.

• While both silver and platinum are great metals, silver is more popular due to its price perception and usage.

Appreciation for Viewers' Time

The speaker expresses gratitude for viewers spending their time watching the video.

Thanking Viewers

• The speaker acknowledges that time is a precious asset and appreciates viewers choosing to spend it on watching the video.

• They express gratitude to all the viewers and sign off as Cam Coins, sharing their two cents.

[Music] [Applause]