theplatinumbear on Nostr: 1. It’s much more scarce than gold. Exponential more scarce. 2. Availability is ...
1. It’s much more scarce than gold. Exponential more scarce.
2. Availability is limited which feeds into the scarcity. South Africa and Russia produce 90% of all platinum.
3. It’s 10% more dense than gold. It’s one of densest metals in the world.
4. With it being more dense, it’s takes much more energy to extract it from the ground. And has higher melting point.
5. Almost impossible to counterfeit.
Personally, it think it makes for a great money. Even though, that’s not the consensus. Money should be hard. Hard to produce and hard to acquire and platinum has both features. Just go into and coin shop and ask if they have platinum most all cases they will say no or I have this little 5 gram bar. The size of penny.
2. Availability is limited which feeds into the scarcity. South Africa and Russia produce 90% of all platinum.
3. It’s 10% more dense than gold. It’s one of densest metals in the world.
4. With it being more dense, it’s takes much more energy to extract it from the ground. And has higher melting point.
5. Almost impossible to counterfeit.
Personally, it think it makes for a great money. Even though, that’s not the consensus. Money should be hard. Hard to produce and hard to acquire and platinum has both features. Just go into and coin shop and ask if they have platinum most all cases they will say no or I have this little 5 gram bar. The size of penny.