Let's talk about #platinum.
What is platinum? Until a long time ago, it was a rare, scarce metal that was used in jewelry and some other technical applications.
It is still scarce but now its use is necessary in electric vehicle batteries. Almost all production is concentrated in #SouthAfrica.
It had its speculative bubble where the price was inflated more in a want than a being; but being has arrived, and what was temporary madness will become mathematical logic.
We are waiting to see a break in that weekly triangle, with the consequent explosive growth that could be seen by the summer of 2024, until the summer of 2026, early 2027.
I have analyzed an #etf that replicates the price of the metal, but you know that there are different ways to invest in #platinum; from having it physically (€840/ounce), to investing in #ETFs or shares of extraction-mining companies.
What is platinum? Until a long time ago, it was a rare, scarce metal that was used in jewelry and some other technical applications.
It is still scarce but now its use is necessary in electric vehicle batteries. Almost all production is concentrated in #SouthAfrica.
It had its speculative bubble where the price was inflated more in a want than a being; but being has arrived, and what was temporary madness will become mathematical logic.
We are waiting to see a break in that weekly triangle, with the consequent explosive growth that could be seen by the summer of 2024, until the summer of 2026, early 2027.
I have analyzed an #etf that replicates the price of the metal, but you know that there are different ways to invest in #platinum; from having it physically (€840/ounce), to investing in #ETFs or shares of extraction-mining companies.