OK, here's a stupid question...

[Fat_ninja]

Gold moves a few hundred dollars vs the cost curve. That said gold likely will never really go up again in crisis given the alternative is bit coin. Sadly bitcoin has too many variations.

Platinum has structural issues as auto demand post the next wave of regulations will begin its secular decline...full EV’s don’t need platinum nor palladium for auto catalyst since there is no emissions.


That said price of metal has nothing to do with the watch as the brand is the value. Value selling is not based on cost.


If you are investing in coins based on inflation...there are better ways to express that view.

[Rashid.bk]

Science and rational doesn't explain this anymore, it's much more simple guys.

Saying my watch is PLATINUM sounds much cooler than saying it's gold. It's so cool that the Platona incorporated it into it's name. There is not a Goldtona or Goldmariner. Then of course you get the gorgeous and exclusive ice blue dial only available on the platinum.

So the answer is simple, you pay more to be cooler.
Great question Paul.

[Andad]

Originally Posted by Rashid.bk

Science and rational doesn't explain this anymore, it's much more simple guys.

Saying my watch is PLATINUM sounds much cooler than saying it's gold. It's so cool that the Platona incorporated it into it's name. There is not a Goldtona or Goldmariner. Then of course you get the gorgeous and exclusive ice blue dial only available on the platinum.

So the answer is simple, you pay more to be cooler.
Great question Paul.

Not a fan of platinum/platumin/whatever, it looks just like stainless and brings out the worst in supersupercool people.

[Quailhunter]

I don’t believe the materials cost of a product have all that much impact on the selling price. My guess is the the materials cost of a Rolex is less than 10% of its selling price. A Rolex in a black plastic case with a simple rubber strap would be functionally the same as one in precious metal but would not sell. Most Rolex buyers are buying for emotional reasons. Precious metals, especially platinum, have a stronger emotional appeal to many people than steel or plastic. Thus, a precious metal watch can sell for more than a steel watch.

[AK797]

In a nutshell because people think the prices are the exact reverse, and platinum is much rarer, so these historical prejudices are baked into prices until public perceptions change.

[donq]

A 1$ bill costs EXACTLY the same to manufacture as a 100$ bill.

So why is one worth so much more?!?

[SpeakWithMichael]

Originally Posted by donq

A 1$ bill costs EXACTLY the same to manufacture as a 100$ bill.

So why is one worth so much more?!?

Not true, actually. A $1 note costs $0.056 to produce and a $100 note costs $0.132

Source: https://www.federalreserve.gov/faqs/currency_12771.htm

[Speedbird-1]

Originally Posted by SpeakWithMichael

Not true, actually. A $1 note costs $0.056 to produce and a $100 note costs $0.132

Source: https://www.federalreserve.gov/faqs/currency_12771.htm

Haha!
Pass the microscope, Sherlock.