Ever since diesel motors went out of vogue, platinum's industrial demand went down. When electric cars hit, especially those based on hydrogen fuel cells, platinum is going to the moon. Not just because platinum is the only catalyst for hydrogen fuel cells (which are just another form of catalytic converter) but also because production increase for platinum for the past 20 years has lagged every other metal. And just keep in mind that platinum has a money role as well. When gold goes up, platinum will go even higher.
Platinum is rarer than bitcoin. Can you even imagine why bitcoin would ever sell for 40x more??? That is insane.
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