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?
    WLH22 and FryDaddyJr like this.
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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.
    Evan Saltis likes this.
  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 ;)
    Etcherman, FryDaddyJr and Evan Saltis like this.
  17. Mr Roots

    Mr Roots Underneath The Bridge

    You were preaching palladium at $3200....I just searched your post.
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  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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