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<p>[QUOTE=&quot;Prestoninanus, post: 1084471, member: 20205&quot;]If anything, palladium is underpriced, not only is Russia expected to run out of Palladium stocks later this year, but Norlisk Nickel, the biggest producer of Palladium, is instigating a new mining process that involves the chemical extraction of Copper and Nickel, which is much more more efficient at extracting base metals, but not noble ones like Palladium. </p><p>&nbsp;In addition to its role as an inexpensive alternative to platinum in catalytic convertors (and the use of it compared to platinum is getting more efficient all the time), palladium has unique properties that no other metal posseses, such as the ability to absorb hydrogen, and also a recent story involving its use as an ingredient in a new form of <a href="http://www.tcetoday.com/latest%20news/2011/january/new%20palladium%20glass%20strongest%20ever%20material.aspx" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.tcetoday.com/latest%20news/2011/january/new%20palladium%20glass%20strongest%20ever%20material.aspx" rel="nofollow">toughened metallic glass</a>. As most of us already know, the US Mint will also start issuing palladium coins on a regular basis very soon.</p><p>&nbsp;I think palladium may well have gone up too fast in the past couple of months though, I agree, and some of the hot money will need to come out of it before it starts to proceed to the next stage of the bull. But believe me, the long term future of palladium is very rosy indeed. </p><p>&nbsp;Sadly, I don&#039;t want to risk selling any of my palladium in the hopes of a dip. With VAT at 20% in the UK, on top of the dealers premium on the buy back, palladium would have to drop very substantially indeed for it to be worth my while, so I&#039;m not willing to sell what I do have because I&#039;m not sure enough about how far it will drop in the short run. I will definately be buying more on on any substantial dip though. All things considered, palladium deserves to be priced much higher than platinum, and I expect that this will be the case one day in the long term...[/QUOTE]</p><p><br /></p>

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