Have been looking around allot lately in the PM market trying to find a good investment Vehicle for my cash dollars, have bought allot of silver lately and going to do some gold in the next month, but i came across PALLADIUM not nearly as popular as gold, silver or Platinum but still a PM and from what i am reading very much in demand ! lots of automotive applications such as catalytic converters, so it seems to reason the more Cars sale the more this metal goes up here,s a statistic i found that looks really good to me PM performance sense 2010: Palladium Up: +95 Silver Up: +23 Gold Up: +22 Platinum Dn: -3 The current Price for Palladium is $810.10 per oz Thinking seriously of picking some of this up !! As always your thoughts are appreciated
Maybe. But: 1) Since platinum-group metals are so expensive, there's constant research pressure to find cheaper replacements for them. 2) These metals are heavily recycled. If people start buying more new cars, more old ones will go to the scrapyard -- and at this point, most of the "old cars" are still new enough to have catalytic converters. 3) Don't discount the move away from fossil fuels, and toward increased fuel efficiency in the vehicles that do burn them. I expect to see at least the beginning of the end of mass-market fossil-fuel internal combustion engines in my lifetime.
True, but there will always be a huge supply of both gasoline and Diesel engines Running and in full operation, BIG OIL will always make this so, with profits in the BILLIONS each year they control the industry and will make sure the supply of alternative powered vehicles electric, solar etc is kept in a proportionary fashion.
BIG OIL is not an all-powerful master of markets. When oil gets more expensive, more people and industries are driven toward alternatives; when it gets cheaper, it's harder for the oil companies to maintain their profits. Realizing this, they're diversifying: Big Oil Unexpectedly Backing Newest Non-Fossil Fuels Green really is the new black as Big Oil gets a taste for renewables Exclusive: Oil majors join forces in climate push with renewable energy fund
Hard to believe they would cut there own throats, think its more propaganda then anything else, saying your going to do something and actually following through with it are two different animals ! but i understand it in theory
Whatever happened to making fuel out of kelp? And that guy who made an engine that ran on water? One of my good friends in Wyoming had a propane tank set up in the back of his truck bed when it was like 32 cents a gallon, he says you rarely see the same anymore.
If he is the one I am thinking about he was threatened so much that he moved to Holland for his own safety.
I have even seen vehicles run on recycled grease from the fryer but not to practical As filling stations are not that available ( your local eatery )
I don't have any Palladium yet, but I'd add one of those Palladium Eagles to my stash once they come out, just to have one. PGMs don't have a super wonderful long term outlook in auto catalyst. Some projections say 1/3 of new cars sold in the world by 2040 will be electric. In areas of the world where catalytic converters are required, the EV adoption rate will probably be significantly higher. This will put a lot of pressure on Palladium. If diesel follows gasoline, then Platinum will also have some issues. Diesel cars don't exactly have a wonderful image in the consumer's eyes, and Tesla's semi may show viability in EV trucking. The savior could be fuel cells where PGMs would be used as catalysts. These have not had a lot of success in the real world and I'm not sure there is anyone willing to actually spend the time and money to address the issues and make an actual product that can sell in meaningful volumes. Who knows... There are some interesting ideas out there including using refined petroleum as the hydrogen source instead of pure hydrogen. The electrification of the car industry is coming. I don't have a lot of hope for PGMs in the automotive future, especially if batteries are the form of energy storage the industry moves to. In that case, lithium and cobalt might be the metals to watch.
I saw a real funny video of a guy who had converted his car with this...until abear caught wind of it and totally trashed the car trying to get to the grease source. I don't think I'd want to drive around in a car that smelled like French fries all day. LOL.
Well there use is more wide spread then just "Cats" for cars, but there are only A few opportunities to collect it in most notably Russia and Canadian coins currently it is by far out pacing gold,silver and platinum by wide margins
