The Meb Faber Show · Friday, September 25, 2026
David Iben highlighted that platinum, historically scarcer and more valuable than gold, was significantly undervalued, needing to more than triple in price to catch up to gold's value at the time of his observation. He mentioned that a platinum price of $2,500 might incentivize new mine construction, compared to the then-current price of $1,800.
“Uh, but at the time I was there, platinum needed to more than triple to catch up to gold. Uh, that was an opportunity.”
“We were talking with the biggest platinum company just this morning. They said maybe 2,500 is a price that would get people to think about building a platinum mine versus what 1,800 today.”