Platinum $880, Palladium $880
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Platinum has closed the gap, but will either of them rebound anytime soon?
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Platinum finally ahead of Palladium. Will platinum rebound as a premier metal?
Both are industrial metals. I'll stick with gold.
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"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I'd expect both of them to head lower. As mentioned above stick with the Au. RGDS!
The whole worlds off its rocker, buy Gold™.
If they go much lower basically all the Pt Pd mines will be losing money and will reduce production and announce even more layoffs, but Norilsk in Russia will probably keep producing regardless.
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I still can't wrap my head around how somehow platinum is less than half the value of gold.
D's: 54S,53P,50P,49S,45D+S,44S,43D,41S,40D+S,39D+S,38D+S,37D+S,36S,35D+S,all 16-34's
Q's: 52S,47S,46S,40S,39S,38S,37D+S,36D+S,35D,34D,32D+S
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73T:31,55,61,62,63,64,65,66,67,68,80,152,165,189,213,235,237,257,341,344,377,379,390,422,433,453,480,497,545,554,563,580,606,613,630
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Did some large industrial user switch back to platinum instead of palladium?
Why else would platinum have caught up with palladium?
I knew it would happen.
platinum didn't catch up
palladium caught down
I’m still trying to comprehend Oreville visiting the PM Forum.
I just read a blurb on Numismatic News by Patrick Heller - an automotive catalytic convertor uses twice as much palladium as one that uses platinum. This should pretty much explain where the prices of both metals is headed.
I knew it would happen.
And none required for an electric car. I wouldn’t own any as a long term investment.
A little here a little there. An ounce of each is not equivalent to an ounce of gold. They've come a long way............down.
I may pickup one of those Palladium Eagles when we get to the ~$500 range. RGDS!
The whole worlds off its rocker, buy Gold™.
That would be a beautiful series to put together. I doubt many would give up those coins for even twice that range.
Prices for palladium bullion coins are amazingly sticky. Generic palladium maple leafs are selling for about $200 more than platinum maple leafs.
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Both metals from the White Group were boosted by auto demand. Long-term, I would not be surprised to see these fall below $500/oz.
The collapse in Lithium pricing won't help as that will stimulate EV demand eventually (right now, it's a result of flagging demand).
Again....I can't see an investment case for either white metal.
I believe platinum has some PM demand for jewelry and such, palladium not so much.
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and it was true all the past 12 months yet here is Pd at 880