Platinum $880, Palladium $880

Options
Overdate
Overdate Posts: 7,318 ✭✭✭✭✭
in Precious Metals

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

Comments

  • oreville
    oreville Posts: 12,408 ✭✭✭✭✭
    Options

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

    A Collectors Universe poster since 1997!
  • PerryHall
    PerryHall Posts: 47,755 ✭✭✭✭✭
    Options

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

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • blitzdude
    blitzdude Posts: 7,724 ✭✭✭✭✭
    Options

    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™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????
    Retiring at 55, what day is today? :sunglasses:

  • Goldminers
    Goldminers Posts: 4,414 ✭✭✭✭✭
    Options

    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.

    My US Mint Commemorative Medal Set

  • Estil
    Estil Posts: 7,313 ✭✭✭✭✭
    Options

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

    WISHLIST
    D's: 50P,49S,45D+S,43D,41S,40D,39D+S,38D+S,37D+S,36S,35D+S
    Q's: 52S,47S,46S,40S,39S,38S,37D+S,36D+S,35D,34D,32D+S
    71T: 061,070,141,239,330,384,465,493,496,529,530,532,535,541,544,545,549,552,571,583,590,594,599,611,620,
    629,630,632,644,645,646,648,649,650,658,671,672,673,680,683,688,692,715,735,739,740,744,750
    73T:61,62,63,64,65,66,67,68,80,213,235,344,379,433,453,480,497,545,554,580,606,613,630
    95 Ultra GM Sets: Golden Prospects, On-Base Leaders, Power Plus, RBI Kings
  • jmski52
    jmski52 Posts: 24,011 ✭✭✭✭✭
    Options

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

    Why else would platinum have caught up with palladium?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • MsMorrisine
    MsMorrisine Posts: 40,056 ✭✭✭✭✭
    Options

    platinum didn't catch up

    palladium caught down

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • Wingsrule
    Wingsrule Posts: 3,312 ✭✭✭✭
    Options

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

    :)

  • jmski52
    jmski52 Posts: 24,011 ✭✭✭✭✭
    Options

    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

    I knew it would happen.
  • idratherbgardening
    idratherbgardening Posts: 138 ✭✭✭
    Options

    @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.

  • TwoSides2aCoin
    TwoSides2aCoin Posts: 45,219 ✭✭✭✭✭
    Options

    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.

  • blitzdude
    blitzdude Posts: 7,724 ✭✭✭✭✭
    Options

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

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????
    Retiring at 55, what day is today? :sunglasses:

  • TwoSides2aCoin
    TwoSides2aCoin Posts: 45,219 ✭✭✭✭✭
    Options

    @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.

  • Overdate
    Overdate Posts: 7,318 ✭✭✭✭✭
    Options

    Prices for palladium bullion coins are amazingly sticky. Generic palladium maple leafs are selling for about $200 more than platinum maple leafs.

  • GoldFinger1969
    GoldFinger1969 Posts: 3,472 ✭✭✭✭✭
    Options

    @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.

  • Overdate
    Overdate Posts: 7,318 ✭✭✭✭✭
    Options

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

  • MsMorrisine
    MsMorrisine Posts: 40,056 ✭✭✭✭✭
    Options

    @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

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions

Categories