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<p>[QUOTE=&quot;EdThelorax, post: 3303594, member: 99854&quot;]The primary uses of platinum and palladium are for catalytic converters. Platinum is much more common and Russia controls most of the palladium supply. When Pt was triple Pd years ago, some auto manufactures switched to Pd. This requires an expensive retooling of the converter factories. Now that they are close in price, it isn&#039;t economical to switch back to Pt from Pd.&nbsp; I believe that the price of platinum is going to be tied to the world economy going forward. With Europe cutting back on diesels and electric cars gaining popularity, the prospects for Pt relative to other precious metals is marginal at best. </p><p>Just my honest opinion.[/QUOTE]</p><p><br /></p>

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