California is NOT off of coal. They may not have coal power plants in their state, but they do get energy produced in other states generated from coal.

@mattwatson4730

3 жыл бұрын

True but the out of state imports now lowest point in decades.

@N20Joe

3 жыл бұрын

And when the coal from other states run out, they just shut off everyone's electricity, as seen recently.

Platinum together with Silver are very undervalued.

@uselinkk

3 жыл бұрын

ppl will be caught off guard when these metals goes up up

@lamborghinifan13

3 жыл бұрын

I own both :D

There's way more natural gas and oil that we have yet to discover than there will ever be of things like platinum and cobalt and Lithium, if youre telling me that there is already problems in terms of scarcity of some of these minerals then the idea we can implement these things on a large scale are an absolute pipe dream. Unless you're counting on a asteroid of minerals hitting the earth or finding enormous deposits of it under glaciers in Antarctica then it simply isnt gonna happen.

We have enough natural gas to last 1000 years. So why dont we come back to this topic in 100 years.

@PajamaPantsMan

3 жыл бұрын

Why not plan for the future?

@p.c.h.6721

3 жыл бұрын

As if natural gas is the only thing we need? 🤔

@Emerus7

3 жыл бұрын

@A B classic

First class interview both sides of the microphone. An eyeglass into our future. More of the same please.

Platinum Group will remain the scarcest of all!

@mattwatson4730

3 жыл бұрын

True

@ThePlatinumBeast

3 жыл бұрын

Matt Watson wow pretty cool to have the guy in the video comment on my comment!

I was the Engineering director for a hydrogen fuel cell company here in the UK, And I can say that it is not a very good technology at this time, the biggest issues are not the fuel cells themselves, but the hydrogen infrastructure required to deliver enough hydrogen to power the fuel cells. The making of Hydrogen is actually less green than fossil fuels, and then you need to deliver the Hydrogen to the fuel cells once it has been produced. I don't think that this is anywhere near ready to be used on a scale that would replace other forms of power. So I would not bank on it as far as investments are concerned.

@lostbr0

3 жыл бұрын

Forget to mention the purity requirement of the H2 required by the fuel cell.......... another serious problem.

@Onegreenworld1199

3 жыл бұрын

So what do you think the new technology will be?

@oscarbear7498

3 жыл бұрын

@@Onegreenworld1199 slavery for sure, it's been the gold stand for renewable energy. If you look at Mexico the next elections are rigged for communism, its seriously messed up, and the USA isn't going help since it just "democratic socialism " lol. Lots of Mexican are going to jump ship really soon, you think the border crisis is bad now? It's not even a 10th of how bad it will be next election. Probably have Mexicans giving piggy back rides as cheaper alternative for gas 😆

Where are us Californians going to find politicians who have common sense??? It is not on the periodic table.

John Goodman knows his shit

And people want the government to also manage their healthcare - insanity

@ecchen1

3 жыл бұрын

They already do in all advanced countries sans USA.

@williamdraken6018

3 жыл бұрын

@@ecchen1 The US cannot replicate such countries because the culture is far too individualistic. That's why there is so much mishandling and siphoning of government funds. People only care about themselves, not greater society. There is simply too much diversity in the US. The countries where this works are mostly homogeneous and therefore everyone feels more or less like a big family.

@patrickpellerin3384

3 жыл бұрын

@@ecchen1 I live in Quebec, Canada. Socialize medecine is bad. Here we wait hours in emergency rooms, wait years for surgery and lot of peoples dies on waiting list. That`s why here in Quebec, private medecine thrive. And we are tax to dea-th

@iliketoflystuff9354

3 жыл бұрын

@@ecchen1 Other “advanced countries” benefit heavily from the massive healthcare innovation from the US over the past century. We pay a lot in the US and everyone else benefits.

@ecchen1

3 жыл бұрын

@@iliketoflystuff9354 Wrong. That would only account for drug prices primarily. A very biased big pharma point of view. If we are so advanced why aren't we even in the top 10 in terms of healthcare performance and outcome? By your theory, we should be leading the world in life expectancy among other indicators but we are not. We are the only advanced country where medical bankrupty exists. We have one of the worst healthcare systems by performance indicators in HC.

Sooooo how do you get the hydrogen? You’ll need fossil fuels or nuclear to get the power you need to electrolyze water.

@darren2351

3 жыл бұрын

Im very bullish on nuclear power long term and uranium stocks. Looking to get into a position in the next months once a dip happens

@PajamaPantsMan

3 жыл бұрын

What's your point? I still have to eat to farm And I have to farm to eat.

@jessicafernandez1528

3 жыл бұрын

Where can you buy Uranium?

@rossetti1313

3 жыл бұрын

@@darren2351 Any companies you looking at?

@dsokind

3 жыл бұрын

@@jessicafernandez1528 enough to make an atomic bomb?

None of these technologies he is talking about is efficient enough to bump Fossil fuels out of its energy dominance.

but they also seem to be working on synthetics that can replace Platinum. Not exactly what I want to hear (since i am invested in platinum coins) but this is what I hear. Graphene or something like that. That would be interesting to invite someone talking about that

Let’s go silver🚀

@thehungergames8918

3 жыл бұрын

@Whopem Harder Silver 🥈 is 🥪 😧

@thehungergames8918

3 жыл бұрын

@Whopem Harder Good luck 🤞 I am bullish for the long run but sceptic at the moment. Deutsche Bank predicted $ 1.600 for gold 🥇 and I think it could happen. 😯

@hellize4212

3 жыл бұрын

@YxnGYamī I do

@beverleysmith3629

3 жыл бұрын

There is a lot of wishful thinking, guessing, broad statements and speculation about silver,gold, platinum and other PM. Different people are using different theories and tools to assess the market but some of these theories and tools I feel are a lottle redundant. There has also been a lot of play, manipulation, corruption, spoofing (call it what you will) over many years, coming from different corners and angles of the globe and they may all meet in a collision. However I have come to the simple conclusion that nobody really knows which way the market will turn or when, because we are in unchartered waters and territory. In the meantime all we can do is pick a little of everything to full our little treasure chest and wait for the real story to unfold.

@thehungergames8918

3 жыл бұрын

@Whopem Harder 😀🤟

That guy seemed really sharp.

The amount of power to create hydrogen is a problem.

@danielmcgregor8803

3 жыл бұрын

Yep. But don't worry = it gives the illusion of being green.

@Utsu-P_Enjoyer

3 жыл бұрын

@@danielmcgregor8803 just like how they dont want you to know that creating lithium ion batteries and solar panels creates some of the most harmful toxic waste that are far more dangerous than some Carbon. But shhhh they dont want you to know that 🤫

@didierdenice7456

3 жыл бұрын

No problem for the Democrats. They always create their own reality... 🤪

@outofthebox5441

Жыл бұрын

If the energy is coming for nuclear power its will solve that current dilemma.

Think about all of the power outages in California during the summer... Then immagine the drain on the grid if 50% of the vehicles are electric? Now think about all of the power generators for /C units and 2 cycle lawn mowers, leaf blowers and weed eaters.... Newsom isn't doing much about those belching 2 cycle motors and those things are running pretty much all day in Cali...

@drmodestoesq

3 жыл бұрын

The electric vehicles can be charged when there is a surplus of photo voltaic electricity. All the cars will function as millions of storage batteries. The future of electrification is assured and inevitable.

@BWater-yq3jx

2 жыл бұрын

Gas powered mowers and blowers are on the way out; won't be sold in California from 2024, and already banned in some areas. Leaf blowers are probably the most stupid obnoxious tool ever invented.

@lamarravery4094

2 жыл бұрын

something to think about, we gotta be real here, lol.

California is a great model?!?!. Gimme break. California can't even keep the lights on.

@TH-uw9py

3 жыл бұрын

I worked on a powerplant in Arizona (Sundt Generating Station in Tucson called the RICE Project - Reciprocating Internal Combustion Engines, runs on natural gas) and the entire point of the project was to sell power to Californians at inflated prices.

@mattwatson4730

3 жыл бұрын

Do you understand that most of the blackouts are elective out of fear on high fire risk winds days? I know several people who lived in Paradise California during that firestorm. Almost all of them made it out alive. So you’ll will have to forgive me ignoring your comments. Now if you want to beat on high CA power grid costs ... that’s fair game. Beat on why subsidize solar PV still if it’s so cheap ...again fair game. But the power outages are mostly out of fire risk.

Peak Oil? Seriously? I'm old enough to remember the cries of "peak oil" and we'd run out of it by the late 1990s, and global cooling (1970s) and Malthusian starvation...seriously, wtf?

@johnjankovic

3 жыл бұрын

Look up abiotic oil and the Russian Ukrainian deep abiotic oil theory

@oscarbear7498

3 жыл бұрын

@@johnjankovic that's intresting

@lamarravery4094

2 жыл бұрын

We reached peak oil because we quit drilling, like now. But our scientific community needs to get together to come up with a new green tech energy source, seriously.

Storing large volumes of hydrogen in salt mines and pipelines is a great idea. It worked out well for the Hindenberg - what could possibly go wrong?

No, CA gets most of its Power and energy from coal and oil from neighboring states.

@gfcardi

3 жыл бұрын

Correct.

So annoying - the biggest source of green energy is hydrogen fuel it's free and has low production costs platinum is only needed as a VERY SMALL platinum filament. You really don't need much. I did it 50 years ago!

@Longlostpuss

3 жыл бұрын

Yeah you're missing the point, governments will never let there be a free societal solution to any environmental problem, they have to politicise, own and control it. That's where the big money is.

@MAGIQ99

3 жыл бұрын

Filament? The platinum is used as a chemical compound of very small particle size called "Pt Black" which is applied to a substrate to make a catalyst. Also, I wouldn't call 20g per car small, even if this number is likely to go down as developments advance.

New Age metals are exploring rare earth metals and lithium... NAM-T The drills are rolling as we speak.

I live in LA County and rent a small 45o sq ft apt. The electric bill for this apt during the summer (and I have no air conditioning at all) is $120.00 per month during peak times of the year (NO AIR CONDITIONING!).

@drmodestoesq

3 жыл бұрын

@austin rosin Because of AOC.

Mini-Nuclear Reactors can be used to generate power for EV charging stations and batteries made of nuclear waste can last thousands of years... *"Small Nuclear Reactors Can Power Clean Electric Vehicles"* *"US startup unveils battery made from nuclear waste that could last up to 28,000 years"*

@outbackeddie

3 жыл бұрын

That's great news because that's exactly how long I want to keep my 2001 Tahoe.

@lostbr0

3 жыл бұрын

@@outbackeddie Shop manual states 'battery service required' every 10,000years or 10^28miles- which ever comes first.

Thanks Kitco

Great interview. Very interesting.

Good general forecast on metals👍

Great interview...

This guy is good. Gonna check out more of his stuff.

Thanks 🙏 What commodity ETFs or stocks are best to just diversify. Something that’s broad basket f stocks or commodities to buy and hold longterm????? I have too much gold silver already so preferably something w/o

It's a myth that we have reached peak oil and that's why oil production is lower. It's simply due to lower demand with the giant number of boomers retiring and driving much less.

"Hindenburg part 2" :)

WOW! SO LUCKY TO SEE THIS ,SOUND MAN AMAZING INFO.SADLY SUDAN SUFFERS FROM OUR BLINDNESS AND WANTTING OF MORE .

Infinite growth in a finite world is unsustainable. There is no energy replacement for fossil feuls. In the future fossil fuels will be horded by militaries (and used exclusively by industry).They won't be able to power their machines without it. Civilian fossil fuel consumtion will be phased out. Air travel will end not because of pandemics but for lack of fuel. In fact it will be very difficult to sustain a high tech, high energy economy without the kind of cheap energy fossil fuels provide. The entire fracking industry is a result of peak oil. When the economy crashed in 2008-09 a gallon if oil cost $147. Fossil fuels used to be cheap when it was plentiful. It's hard to run businesses when a barrel of oil costs $147. Military jets, by the way, are the single greatest destroyer of ozone.

@johnjankovic

3 жыл бұрын

What your saying could happen due to political agendas not due to scarcity. Oil is not a fossil fuel, it did not come from dead plants, dinos and insects. It is generated by the earth by natural process deep within its crust and then flows up to the surface in some places like Saudi Arabia. Since the beginning of oil extraction around the 1860's to today it is estimated that we have pumped out at least 1.1 to 1.5 trillion barrels of oil. When you think about this, there was never enough living organisms to die to produce detritus that was absorbed under the right condition by the earth in order to produce oil. What happens when something dies? It is consumed by other animals or bacteria, nothing is left to be converted into oil hundreds of millions of years later. If you want to know the truth about oil read up on the Russian Ukrainian Deep abiotic oil theory. It will blow your mind as well as open your eyes on what is really going on in this world.

@christopherdennis4280

3 жыл бұрын

@@johnjankovic Huh, I'll check that out. Thsnks.

The energy density of batteries is abysmal. Price is way too high as well. Liquid fuels remain the best option for cars.

@drmodestoesq

3 жыл бұрын

Electricity is a quarter the price of gas per mile. And what's gonna happen when the price of oil goes back up?

@joedoe2407

3 жыл бұрын

@@drmodestoesq Nothing unusual will happen. When oil price goes up, that means people are willing to pay more for it. If electricity was a viable replacement, the price of oil would stay low because of the lower demand.

Ask those in Napa Valley how they enjoyed the recent multiple rolling blackouts because P,G&E was forced by Kalifornia to work to achieve green requirements instead of upgrading transmission towers and lines (some built in 1925).

Carbon shaming is a sham.

@drmodestoesq

3 жыл бұрын

Carbon cancel culture is a con.

@gfcardi

3 жыл бұрын

Carbon Justice Warrior

@shinvergil

3 жыл бұрын

@@gfcardi *Truth warrior

Matt Watson truly knows his stuff. Obviously David Lin was superb as always. However I wouldn't mind knowing Matt's thoughts on methane hydrates and the potential for industrial scale extraction. If the process could be developed, methane hydrates would be a game changer.

Thanks Kitco, just wish I had more cash to invest !!

This video was the bees knees

Calif. get a lot of it's energy from other states, from various sources. Great example for humanity. GOOD BY

quick question, how does deliberate mass immigration effect and strain the carbon footprint. i`m not racist, honest.

@ecchen1

3 жыл бұрын

None. Same total world population and carbon footprint when people.immigrate.

@genesisaz1099

3 жыл бұрын

@@ecchen1 so if you live in a two bedroom house but fill to well over capacity it`s still a two bedroom it will always be! but problems are bottle necked which echoes chaos in infulstructure , socail ,basically the liberal mind trap was an agenda of tolerance of so much more.

@williamdraken6018

3 жыл бұрын

@@genesisaz1099 The more people who upgrade from third world lifestyles to middle class lifestyles, their rate of consumption skyrockets, thereby growing the carbon footprint exponentially.

@beverleysmith3629

3 жыл бұрын

@@williamdraken6018 Is it "third world to middle class" or third world to western life style?

@williamdraken6018

3 жыл бұрын

@@beverleysmith3629 Perhaps to different degrees, but I would say both.

Weird how platinum is 5 times more scarce than gold yet half the price despite actually having a very important part in the CO2 free bs scenario/plan. Something is askew.

VERY interesting vid.

This says that platinum is definitely a good long term investment.

Plenty of Nickel in Australia. Artemis Resources sitting on a big Platinum play in the Pilbara, Lithium in Western Australia has declined so much in price and over supply that 2-3 Mine's in care and maintenance!

Stationary batteries just need a few more gens of development. H is probably DOA.

California a great model? Turned off.

@cnelsonlv99

3 жыл бұрын

Me, too!

@rhm01

3 жыл бұрын

Followed by calling Biden “Joe”

@cnelsonlv99

3 жыл бұрын

@@rhm01 He called it... "Joe's vision"... as if that was a good thing.

@gfcardi

3 жыл бұрын

A great model for socialist idiocy governed by that douche-nozzle Newsom, whose style is more aligned with the USSR than the US Republic (or what we used to be)? Yeah, No thanks.

Nickle reserves in Vietnam as well.

John Goodman brother vibes.

Well...I’m feeling pretty darn good

Neu - Clear power full stop.Power on demand no storage necessary... its a no brainer.

Its John Goodman from O brother where art thou

Lol "Joe"... really?

So California uses zero coal but 40% renewable resources. Where’s the other 60%. Also, what those electric bills like??? Coal is the cheapest way to keep the lights on

@drmodestoesq

3 жыл бұрын

Yeah...just no rich people want a thermal generating station anywhere near them.

@oscarbear7498

3 жыл бұрын

Like the highest in the nation, electricity is very expensive there lol. Same story with Germany going renewable and having crazy electricity prices, while France stays nuclear with very cheap prices

Check your investment thesis about grid-scale. Neither cobalt, silver, nor platinum are going to be a supply constraint in the future, within 3 years.

problem with wind energy is, it doesnt produce energy and if there is no wind it produces even less😂

Using hydrogen for or in homes will platium be needed still?

But he don’t talk about the energy blackouts that run rampant in California? The planned rolling blackouts I have to constantly deal with without warning or planning? Miss me with the bullshit

god if we have to have a world like this fella is describing , we will be a world of sheep

@drmodestoesq

3 жыл бұрын

Sheep seem pretty happy.

Platinum and iridium! ;-)

There are centrifugal devices that can store energy.

@wizdumb420

3 жыл бұрын

a flywheel

@drmodestoesq

3 жыл бұрын

Centripetal...not to be pedantic.

what about nuclear? totally ignore the reality

Excellent interview! 👍

At last someone just verging on Hydrogen, but it's not a huge amount of platinum required!

Excellent interview thank you

Planet of the Humans FULL Movie directed by Geoff Gibbs is worth a watch! On You Tube. That’s a real eye opener! About renewables and energy.

Matt's smart

And platinum won't disappear!!!

Most renewable power is hydro and nuclear. Many places have no hydro and we haven't build a nuclear plant since the 1970s.

@danieltracy7136

3 жыл бұрын

I recall CA doesn't categorize hydro as renewable. Guess because it alters eco-systems.

Silver is pretty heavy

Electric vehicles require more energy and pollution (batteries) to produce than gas vehicles, plus they are half as efficient. In a world where cost and efficiency matters electric doesn't work. They are cool cars just like a Porsche 911 is a cool car.

What’s up with kitcos guests lately?

@darren2351

3 жыл бұрын

NWO paying for their guest spots LOL

@ecchen1

3 жыл бұрын

So you want am echo chamber of 50k gold?

@jeffdouglas3201

3 жыл бұрын

@Eric chinchanderpderp Don’t say stupid shit

@drmodestoesq

3 жыл бұрын

I know...where is the Indian Swami guy with his forecasting?

Copper, copper for Tesla motor....

i am not storing hydrogen amywhere close to my head...

The American presidential vote is nowhere near decided. I do not appreciate the effort to needlessly disrespect our legal voting system at the outset of this otherwise potentiallly interesting discussion. That fact leaves me skeptical about its content.

@daedalusjones3804

3 жыл бұрын

If Obama and team had acted like this in 2016 would you feel the same? All of us (at this point in history) have extremely subjective belief systems reinforced by slanted inputs (Fake News) and consensus from like minded groups. Trump must have made a pact with Satan .... He is notoriously debauched, has ripped off countles subcontractors of his constructions, paid less taxes than a minimum wage part time bathroom cleaner, cares nothing for the environment as the west coast of the US burns, has offered no consistant policy to combat Covid and messaged so much about it that half of the world thinks it is a conspiracy (that is until they get sick and want medical attention) .... and so much more. Yet half the world love the guy and think he is the best thing since sliced bread. Guess these are my subjective conclusions from my belief systems. You are the one who is disrespecting our legal system .... along with Trump. And if you are right and I am wrong your thinking is limited and flawed. Why would you be skeptical about the content of this show just because David Lin or the guest refer to Biden as the President elect? So Platinum and the rest are not going to be in demand? There is no shift towards alternative or cleaner energies around the world? Learn to discern.

@daedalusjones3804

3 жыл бұрын

"Yishis" a Chinese word for Consciousness... So I guess that narrows it down a bit.

@daedalusjones3804

3 жыл бұрын

Yishis Lassie is a troll. No content with 24 subs....Russian, Chinese or Iranian?

@brian6x

3 жыл бұрын

I decided that Biden won. Period.

'and other sources' what other sources?

@drmodestoesq

3 жыл бұрын

Geothermal. Drilling technology has made tremendous strides in the last few years. Remember Sarah Palin saying "Drill baby, Drill" a few years ago?

Are we sure this is not a younger brother of John Goodman?

@hellize4212

3 жыл бұрын

😆

Green energy is more expensive. Nobody tells you that. Going green when people are going hungry. Good luck.

@humanv1209

3 жыл бұрын

Got any proof professor?

@ecchen1

3 жыл бұрын

California is the 5th largest economy in the world. People are not going hungry because of green energy. Go to Beijing and smell their smog. They can't even see the road on their way home from work. It's easy to get lost driving home because of all the smog. You think China is stupid in wanting to convert completely to green energy?

@brian6x

3 жыл бұрын

Take away all the subsidies for oil an give then to green energy then you'll see how expensive oil really is.

@JIMMEINFANTRY

3 жыл бұрын

@@ecchen1 Hey Eric! I guess we watch the same you tube videos. See you back at finding value channel!

@ecchen1

3 жыл бұрын

@@JIMMEINFANTRY niiice!

California has rolling blackouts!!!🤣🤣

Remember to hit the like button❤️

It will be impossible to compete with china green energy.

Rhodium!

All pie in the sky the reality tweaked same old.

Host debates.. Get opposing parties on

My question is if they mine asteroids what happens to metals

@drmodestoesq

3 жыл бұрын

And lets not forget the Star Trek replicator.

@oscarbear7498

3 жыл бұрын

They ain't doing that in your children's life time, I wouldn't worry about it ^-^

As soon as this guy said Californias been a great model he lost all credibility. Yeah its a great model if you are extremely wealthy and have hands in every industry that pay you more money than you know what to do with.

@mattwatson4730

3 жыл бұрын

Dude. Get out more. Go breathe the air in India or China or even LA. The human health effects of diesel air pollution around our ports now very well documented. PGMs helping us impact this air pollution . Acting like air pollution isn’t a global concern is so shortsighted.

Lithium, lithium for Tesla....

Platinum is quite insignificant nowadays.

@dboi4952

3 жыл бұрын

They said the same thing about rhodium and palladium before they went to space.

I couldnt finish the video I’m out

@brian6x

3 жыл бұрын

who cares

@Daniyoyo

3 жыл бұрын

@@brian6x you do , thanks for replying :)

@brian6x

3 жыл бұрын

@@Daniyoyo For sure I do. I was a great interview and you are missing out.

What about cars that run on water ?

Time to start mining the asteroid belt.

Lmfao decade time frames= WORTHLESS

@danieltracy7136

3 жыл бұрын

Not for mining investments.

interesting chat - going green will just be an upper middle class luxury (really going green is consuming and producing less, which is what makes it all a big con, if you want to go green go live in the wild)

@brian6x

3 жыл бұрын

ignorance

I am surprised that he didn't get disconnected due to power outage in the middle video. Since california is famous of that caused not enough power for Californians 🤣🤣

This entire discussion is simply how we can destroy ourselves using stupid "green" energy.

@brian6x

3 жыл бұрын

Fossil fuels has been doing the destroying, not green energy.

@TheGreekPytheus

3 жыл бұрын

@@brian6x , let me know when you have a child in the NICU and are willing to bet their life on wind-power. Fossil fuels offer the highest density of energy creation other than nuclear. It is madness, and nothing but a scam, to suggest "green" energy (which is as dirty as they come and a blight to the landscape) can power America's energy needs into the future.

@brian6x

3 жыл бұрын

@@TheGreekPytheus The real blight to the landscape are the leaking pipelines, dirty water and dirty air. No one would be in NCIU if the air and water were clean. Nuclear is not the answer.