Platinum is turning it to a deal at present levels

just checked, at only $870 an once platinum is turning in to a great buy, looking for
a drop in to the $850, s and I am all in.

 

Log in or Sign up to hide this ad.

Yes, I think it will go down to $850 around 7/27 right after the Fed meeting, that's my guess, in fact it may go down lower! I'm looking for gold to drop as well but we'll see, I'm wrong every now and then just like everyone else!

 

Wonder how good ol' "I'm changing my name to platinumcollector" is doing...

 

Why has palladium so far outstripped platinum over the last 5, 10, and 20 years? Has it replaced alot of platinum use in cars ?

 

At one point platinum was used more in cars; when the price got much higher than palladium, companies switched over to using palladium. The issue is that palladium has a smaller supply than platinum and with increased demand for catalytic converters, the price skyrocketed beyond platinum.

Here is an article that mentions that switching back might not be easy or cost effective.

https://aheadoftheherd.com/platinum-is-a-poor-substitute-for-palladium/

 

Platinum is used more for Diesel engines, and after the Volkswagen fiasco they are not used much for cars - especially in the US.

 

Yup, what I thought....but as palladium has gotten WAY MORE expensive the last few years, why haven't the auto companies gone back to platinum ?

 

The article mentions that some have considered this but it’s not easy. First of all, it could take several years. It’s an expensive process (which could wipe out most if not all savings from the lower spot price of platinum). And there is the issue of platinum being more concentrated in South Africa (which has had issues with strikes) and Russia (we know the issues there). Meanwhile, the US and Canada each have 2x-3x more palladium than platinum (still less than South Africa and Russia but there would be less of a worry of supply disruptions than with platinum).

 

Yeah, switching back and forth is really not easy. Catalytic chemistry is a nightmare (or dream, if you're into that sort of thing).

And meanwhile, electric cars are ramping up, meaning we'll be moving power generation from vehicle engines to centralized (or distributed) power plants. I don't know how much longer car companies expect to be in the catalytic-converter business at all, but I imagine THEY do.

 

They’re going to need something to deal with the exhaust from burning coal/oil/natural gas to make the electricity. Unless they go to nuclear.

 

interesting
I used to pay that much around 2000-4 for US Platinum Eagles.

Apmex wants $1080 for a random year Platinum Eagle today. Still a high premium.

 

Given the increased efficiency of large-scale stationary generators, there's a good chance overall emissions would decrease even if we did burn fossil fuels for the power. We won't, of course; for charging up batteries, solar and wind are great, and cheap. I'm partial to nuclear myself, and of course fusion will someday get here -- and we ARE talking about "someday" here, not "tomorrow" or "next year". Tomorrow and next year, we'll still be lining up at gas stations.

 

I think this economy is creating some great opportunities for those that can afford
it you have to the money though...LOL, have some platinum I bought at $750 an once boy if it gets that low will empty the bank....LOL

 

Automakers go with what ever is cheaper to achieve there goals and right now thats platinum economics 101

 

Plus electric cars are no where close to replacing conventional engines no matter how much some want them too.

 

I thought you already emptied it when BTC went below $40K?

 

California can't handle the electric demand without the total elimination of ICE (Internal Combustion Engines). They've instituted rolling blackouts for years. Now compound the problem with all EV's on the road. How do they intend to supply uninterrupted electric then?

Typical forethought coming from California.

 

They aren’t the only state facing power crisis from bad decisions either. Aside from the fact electric cars are actually worse overall for the environment and cost wayyy more, where exactly are we going to put a 100 million charging stations where people just sit there for hours. There will be a day they could end up being better, it won’t be anytime soon though and we need some technological breakthroughs for it to happen and they have to get much cheaper as well.

I certainly won’t be stepping on an electric plane anytime soon either

 

Rainbows and Unicorns of course.

 

“where exactly are we going to put a 100 million charging stations where people just sit there for hours.”

I would never need a charging station, I live less than a mile from work and stores….Most days I drive less than 5 miles and there’s lots of people just like me.