Today’s date is June 20, 2012.
I am placing that date on the top of this article so that readers can refer to it and either call me a Genius or an Idiot.
I am hereby predicting that Platinum will move up over $1,000.00 per ounce within the next 24 months.
As of this date, June 21, 2012, the price of platinum is $1446.00 per troy ounce. (Gold fell $41 today and Platinum fell $18 today) as per WWW.PLATINUMPRICETODAY.COM.
That is almost a double of today’s price.
HOW DO I KNOW THE FUTURE PRICE OF PLATINUM?
Not being Nostradamus, I really do not know the future price of platinum.
However, I am making a very educated guess based on two facts:
- The price of all rare commodities will rise in the next two years because all the governments of the world (including China) are printing money.
- More importantly, Platinum is becoming the next source of energy.
Platinum will replace oil, gas and coal as a source of energy for running vehicles and heating and cooling residences.
WHY AND HOW WILL PLATINUM SERVE AS A SOURCE OF ENERGY?
Platinum is the world’s best “facilitator” or, as we say in chemistry: “Catalyst.”
WHAT IS A “CATALYST”???
A “Catalyst” is an atom or molecule that facilitates or makes a chemical reaction easy to happen.
The “catalyst” enters into the chemical reaction, helps the reaction during a critical phase, and then exits the reaction unchanged.
Since almost no one understands how a catalyst works, many call it a form of “magic.’
Here is an explanation from Wikipedia:
Catalysis is the change in rate of a chemical reaction due to the participation of a substance called a catalyst. Unlike other reagents that participate in the chemical reaction, a catalyst is not consumed by the reaction itself. A catalyst may participate in multiple chemical transformations. Catalysts that speed the reaction are called positive catalysts. Substances that slow a catalyst’s effect in a chemical reaction are called inhibitors. Substances that increase the activity of catalysts are called promoters, and substances that deactivate catalysts are called catalytic poisons.
This description describes what happens, but not HOW IT HAPPENS.
Here is an example of how Catalysis works:
As a catalyst is regenerated in a reaction, often only small amounts are needed to increase the rate of the reaction. In practice, however, catalysts are sometimes consumed in secondary processes.
As an example of this process, in 2008 Danish researchers first revealed the sequence of events when oxygen and hydrogen combine on the surface of titanium dioxide (TiO2, or titania) to produce water. With a time-lapse series of scanning tunneling microscopy images, they determined the molecules undergo adsorption, dissociation and diffusion before reacting. The intermediate reaction states were: HO2, H2O2, then H3O2 and the final reaction product (water molecule dimers), after which the water molecule desorbs from the catalyst surface.
If you research these terms you find that each has no definitive answer.
WHAT IS SO SPECIAL ABOUT PLATINUM?
Platinum has a unique electronic configuration. This means that the electrons on the external edge of the atom have a variety of orbits that permit other atoms to exchange with the electrons of Platinum.
This allows Platinum to be an excellent catalyst for a variety of chemical reactions.
The reaction of most importance today is the binding of a Hydrogen ion with Oxygen to produce water, whilst simultaneously producing electrical current. This is the underlying process of the Fuel Cell.
THE FUEL CELL
The fuel cell is a method of producing electricity by using cheap chemicals or gasses, and then combining them with the use of a catalyst.
The latest and most efficient design uses hydrogen gas and Platinum as the catalyst.
If it works as expected, it will replace gasoline as a source of energy for vehicles! Most manufacturers of vehicles have engineers working on fuel cells.
In my opinion they are close to a solution. This solution will utilize platinum.