Platinum and Palladium are not money.
The US mint mints coins with them every year for several years now.
Platinum and Palladium are not money.
AI: ( it does not understand the money, wealth differences).
“Platinum was first used as money in Russia, where coins were minted and circulated between 1828 and 1845. Prior to that, it was used in Spanish-colonized America in the 18th century, but its use as a regular currency was impractical.
Early Uses
18th Century: Platinum was first used for minting coins in Spanish-colonized America. However, it was not effectively utilized due to the lack of technology for processing the metal.
Russian Coinage
1828: Russia began minting platinum coins, making it the first country to use platinum as regular national currency.
1845: Russia discontinued its platinum coinage, marking the end of its use as a standard currency.
Other Countries
Since 1983, various countries have minted platinum coins, primarily as bullion coins rather than as regular currency. Examples include the American Platinum Eagle and the Canadian Platinum Maple Leaf.
Platinum’s use as money has been limited and often impractical due to its properties, but it has been valued in various forms throughout history.”
As long as sovereign countries mint coinage in Silver, Gold and Platinum, I consider them Wealth....all their paper currencies are just paper notes that devalues and debases over time.