Platinum’s Time to Shine? Short Supply & Increased Demand Signal Upside Potential | The Gold Spot
The economy is bouncing between euphoria and fear. Despite impressive gains across stock indices and precious metals, the failure of the Federal Reserve to curb inflation casts a shadow over the market.
Over the past week, the S&P 500, DowJones, and NASDAQ all reached record levels. #Goldprices pulled their weight by notching yet another high, proving that the gold rally isn't over yet. The simultaneous rise of assets, which usually have inverse price action, raises question marks.
The most recent Fed meeting revealed the true state of inflation, which Jerome Powell admitted is causing a "bumpy ride." This stubborn inflation has pushed back anticipated rate cuts, causing even more confusion.
Amid this uncertainty, less-known precious metals are primed for explosive growth. Namely, #platinum is experiencing a severe disparity between supply and demand, with available resources restricted and platinum buying surging.
Watch this week’s The Gold Spot to hear Scottsdale Bullion & Coin Founder Eric Sepanek and Precious Metals Advisor Joe Elkjer cover the booming markets, how the Fed is changing its fiscal approach, and why the next precious metal to boom might not be #gold or #silver.
👉 READ MORE HERE: https://sbcgold.com/blog/platinums-ti...
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⭐ RELATED LINKS:
🔗 5 Key Factors That Influence Platinum Prices: https://www.sbcgold.com/investing-101...
🔗 Platinum vs Silver: Key Differences & Investment Considerations: https://www.sbcgold.com/blog/platinum...
📈 See Live Gold Spot Prices:
https://www.sbcgold.com/charts/gold-p...
📈 See Live Platinum Spot Prices: https://www.sbcgold.com/charts/platin...
⭐ @sbcgold Precious Metals Advisors in this The Gold Spot video:
👤 Joe Elkjer: https://www.sbcgold.com/about/joe-elk...
👤 Eric Sepanek, founder of Scottsdale Bullion & Coin (SBC Gold)
Video Chapters:
0:00 - Welcome to The Gold Spot
0:13 - Gold Prices Hit New High
0:58 - What Happened to Rate Cuts?
2:27 - Is Platinum an Emerging Opportunity?
6:36 - Exciting Update on SBC’s New Home
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