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GotTheBug
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Awful red headed stepchild of the PM world. Huge spreads , illiquid market , run don't walk away from palladium .
Rhodium is the one with massive spreads, hugely illiquid, etc.
Natural forces of supply and demand are the best regulators on earth.
I bought one. It seems to move wildly with the impressions of the economy and with PM prices.
When it was over $900/oz recently the rage was about Russia and dwindling stockpiles. Negative $125 later, where is the price support from that? It seems more like a gamblers metal than AU, Ag, or Pt.
I'd rather have pt than pd in any quantity over 1 or 2 oz.
Looks like silver but way more expensive, however less dense then platinum and doesn't glitter like gold.
You'd have to time a pretty nice move just right just to break even getting in and out, never mind a profit, and what kind of scale (# oz) are you going to spend the time to make the endevor worthwhile?
like others have said, buy a few ounces for your collection in the pretty shape you prefer, but for a play on the cyclical auto/other high tech sector, trade the paper Pd, imo
Liberty: Parent of Science & Industry