What's up with Platinum?

OverdateOverdate Posts: 6,309 ✭✭✭✭

Just looked at Kitco, showing platinum up $30 at $896 (!) and all other PMs in the red.
Palladium down $43!
What's going on?

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Comments

  • cohodkcohodk Posts: 15,480 ✭✭✭✭✭

    Can platinum be used in place of palladium?


    Excuses are tools of the ignorant
    Knowledge is the enemy of fear
  • HemisphericalHemispherical Posts: 6,133 ✭✭✭✭✭

    Yes

  • cohodkcohodk Posts: 15,480 ✭✭✭✭✭

    @Hemispherical said:
    Yes

    I guess we just answered the OP.


    Excuses are tools of the ignorant
    Knowledge is the enemy of fear
  • CoinstartledCoinstartled Posts: 7,864 ✭✭✭✭✭

    Perhaps it is closing the historically deep discount to gold. $500 seemed unsustainable.

  • OverdateOverdate Posts: 6,309 ✭✭✭✭
    edited April 4, 2019 7:22PM

    @cohodk said:
    Can platinum be used in place of palladium?

    Up to a point. My understanding is that both can be used in automotive catalytic converters, but the converters themselves have to be optimized for one or the other. Platinum and palladium aren't perfect substitutes for each other; if they were, automakers would have made the switch long before the price of palladium had risen so far above the price of platinum.

    My Adolph A. Weinman signature :)

  • ARCOARCO Posts: 3,796 ✭✭✭✭✭

    Remember when Platinum was in the $1900 range? I do. No better way to get poor than to buy metals.

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