Recently, the trend in the precious metals market has been quite interesting. The recent surge in gold has already been significant, but what truly surprised people was the performance of platinum. Some friends were complaining not long ago about how ridiculously high gold prices were, but then they were shocked by platinum's rally — this stuff actually quietly soared to 800 yuan per gram.

The numbers speak for themselves: Six Fortune's pure platinum 999 is quoted at 815 yuan/gram, Chow Sang Sang and Chow Tai Seng's platinum 950 stands at 782 yuan, and traditional jewelers like Lao Feng Xiang and Lao Miao are also marking around 720 yuan/gram. Looks unimpressive? A comparison tells the real story — half a year ago, the wholesale price in Shenzhen's Shuibei was just over 300 yuan, now wholesale prices have skyrocketed to 470, more than doubling at retail. Honestly, this increase is even more aggressive than last year's Bitcoin rebound, representing a top-tier level of quietly making big money.

Having watched the market for so many years, my judgment is that this platinum rally is definitely not a coincidence; there are several underlying logics that many people haven't fully grasped.

**First is the inevitable capital rotation for risk hedging.** This year, global markets have been somewhat tense. Gold has already been driven to high levels, and institutional and individual investors with idle funds are starting to look for "valuation valleys." Platinum has long been suppressed by gold, making it a classic undervalued asset. This is similar to the logic of high-quality public chains in the crypto space that are overlooked by the market — once smart money enters and recognizes its value, the rebound is unstoppable. The flow of capital from high-priced assets to lower-priced ones is a self-correcting market process and the place with the greatest profit opportunities.

**Second is the support from industrial demand.** Unlike gold, which is purely a safe-haven asset, platinum has real industrial uses. Catalysts, jewelry manufacturing, electronic components, and other applications all require platinum. Once prices form a valuation gap, procurement demand along the supply chain will gradually release, providing fundamental support for continued price increases.

**Finally, there is a psychological expectation shift.** Some people once listened to my advice to buy the dip in platinum, even mocking me for "being in crypto so long that I see everything as a shitcoin." But now, with the results in front of us, those who thought it was cheap back then are probably starting to reflect on their own judgment logic. Once market psychology shifts from "platinum is being underestimated" to "platinum has potential," FOMO will accelerate the price surge.

The lesson from this market is: genuine investment opportunities are often hidden in undervalued and overlooked assets. While people are still arguing about gold soaring to the sky, they might miss the entire process of platinum breaking out from its valuation valley. The market always rewards those who dare to think contrarily and position early.