Palladium hits below gold price

Discussion in 'Bullion Investing' started by Sting 60, Nov 26, 2021.

  1. Sting 60

    Sting 60 Well-Known Member

    Well, I saw it coming but didn't think it would be this soon. I think it was a little over two years ago that palladium over took gold price per ounce and surprised me of how far it could go. Maybe three months ago it was at $2900 an ounce. Today it is checking in about $10 less than gold; wow, what a turn around. Anyone out there see this coming?
     
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  3. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    That really doesn’t surprise me, palladium has been way over priced
    for the past couple of years and the
    volatility is insane !
     
  4. FryDaddyJr

    FryDaddyJr Junior Member

    and silver will do the same thing
     
  5. -jeffB

    -jeffB Greshams LEO Supporter

    Drop below the price of gold? Thanks for the tip! ;)
     
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  6. FryDaddyJr

    FryDaddyJr Junior Member


    no, it will drop back down to what is was a few years ago. this shouldn't need to be explained to a grownup
     
  7. spirityoda

    spirityoda Coin Junky Supporter

    What do they use palladium for ?
     
  8. Sting 60

    Sting 60 Well-Known Member

    Car part? US Mint coins.
     
  9. Sting 60

    Sting 60 Well-Known Member

    I think Russia has a large portion of the market.
     
  10. -jeffB

    -jeffB Greshams LEO Supporter

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  11. JPD3

    JPD3 Well-Known Member

    Even if it dropped below the price of silver, I don't think it would make it any less appealing for thieves to stop stealing catalytic convertors from vehicles.
    upload_2021-11-26_20-27-1.png
     
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  12. Evan Saltis

    Evan Saltis College Dorm Collector Supporter

    Typical attitude, nice. o_O
     
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  13. Evan Saltis

    Evan Saltis College Dorm Collector Supporter

    I’m guessing the market was flooded with every single catalytic converter the thieves could muster.

    my neighbors had theirs taken. A used car dealership also got hit. Big losses for everyone involved.
     
  14. fretboard

    fretboard Defender of Old Coinage!

    Yes, them CC thieves suck! I would love to hear that one of them thieves got hurt as they ripoff a CC and they don't care how much additional damage they cause at all! Hate them basturds!! :D
     
  15. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Almost as bad stealing gas ! my son was doing some work for Pepsi and some guy drilled a hole in his tank put a twig in the hold and begin draining, was driving a 1500 pick up guy got away with 20 gallons !
     
  16. masterswimmer

    masterswimmer Well-Known Member

    Your son has a hole in his gas tank by a thief and you're worried about 20g of gas? I think I'd be more concerned about the 'leaky' gas tank ;)
     
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  17. Mr Roots

    Mr Roots Underneath The Bridge


    You were preaching palladium at $3200....I just searched your post.
     
    FryDaddyJr likes this.
  18. WLH22

    WLH22 Well-Known Member

    I like the Palladium coins from the US Mint. I think their current selling price of $2950 is a still too high (were $3400 not too long ago) with current spot price around $1750.

    These will be added to the list of things to watch. Maybe when they fall below $1000 I will come back and revisit the series.
     
  19. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Easy fix, was just telling you about what happened to about 2 years ago
    at the grocery store, buttoned it up and he was good to go :)
     
  20. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    It seemed to really take off when the coin was released, so alloy of correction in
    that market.
     
  21. -jeffB

    -jeffB Greshams LEO Supporter

    No, I'm pretty sure they've been 99.95% palladium from the beginning. ;)
     
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