Palladium hits below gold price

Silver going to drop back down to what below 18.00..hope not, was there for years.. I am not a grownup and don't wanna be explain it !!

 

Log in or Sign up to hide this ad.

For once, silver was up last weekend for the local coin show, and I got an offer well above melt for 90%, so I dumped $60 FV or so. My timing turned out to be good -- again, for once. (Usually it's very much the other way around.)

Kinda wished I'd sold some gold, too, but the strong gold buyer I usually go to wasn't there.

 

Buying opportunity for some, not me though!

 

What I don't understand is if platinum is used in cc also, why hasn't it been higher? Once upon a time, platinum cost more than gold.

 

Everybody designed their CCs to use palladium because it was so much cheaper. They aren't directly interchangeable; it would be significant work to switch back. It's likely that internal-combustion engines will be on the decline over the next couple of decades, so manufacturers may not be willing to retool.