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Platinum $880, Palladium $880

OverdateOverdate Posts: 6,971 ✭✭✭✭✭
in Precious Metals

Platinum has closed the gap, but will either of them rebound anytime soon?

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  • orevilleoreville Posts: 11,885 ✭✭✭✭✭

    Platinum finally ahead of Palladium. Will platinum rebound as a premier metal?

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  • PerryHallPerryHall Posts: 45,882 ✭✭✭✭✭

    Both are industrial metals. I'll stick with gold. :)

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  • blitzdudeblitzdude Posts: 5,731 ✭✭✭✭✭

    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™.

  • GoldminersGoldminers Posts: 3,772 ✭✭✭✭✭

    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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  • EstilEstil Posts: 7,031 ✭✭✭✭

    I still can't wrap my head around how somehow platinum is less than half the value of gold.

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  • jmski52jmski52 Posts: 22,627 ✭✭✭✭✭

    Did some large industrial user switch back to platinum instead of palladium?

    Why else would platinum have caught up with palladium?

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  • MsMorrisineMsMorrisine Posts: 32,677 ✭✭✭✭✭

    platinum didn't catch up

    palladium caught down

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  • WingsruleWingsrule Posts: 3,000 ✭✭✭✭

    I’m still trying to comprehend Oreville visiting the PM Forum.

    :)

  • jmski52jmski52 Posts: 22,627 ✭✭✭✭✭

    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.

    Q: Are You Printing Money? Bernanke: Not Literally

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  • idratherbgardeningidratherbgardening Posts: 130 ✭✭✭

    @jmski52 said:
    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.

    And none required for an electric car. I wouldn’t own any as a long term investment.

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,172 ✭✭✭✭✭

    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.

  • blitzdudeblitzdude Posts: 5,731 ✭✭✭✭✭

    I may pickup one of those Palladium Eagles when we get to the ~$500 range. RGDS!

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  • TwoSides2aCoinTwoSides2aCoin Posts: 44,172 ✭✭✭✭✭

    @blitzdude said:
    I may pickup one of those Palladium Eagles when we get to the ~$500 range. RGDS!

    That would be a beautiful series to put together. I doubt many would give up those coins for even twice that range.

  • OverdateOverdate Posts: 6,971 ✭✭✭✭✭

    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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  • GoldFinger1969GoldFinger1969 Posts: 1,512 ✭✭✭✭

    @Estil said:
    I still can't wrap my head around how somehow platinum is less than half the value of gold.

    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.

  • OverdateOverdate Posts: 6,971 ✭✭✭✭✭

    I believe platinum has some PM demand for jewelry and such, palladium not so much.

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  • MsMorrisineMsMorrisine Posts: 32,677 ✭✭✭✭✭

    @jmski52 said:
    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.

    and it was true all the past 12 months yet here is Pd at 880

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