Palladium hits below gold price

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

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  1. slackaction1

    slackaction1 Well-Known Member

    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 !!
     
    slackaction1, Nov 27, 2021
    #21
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  3. -jeffB

    -jeffB Greshams LEO Moderator

    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.
     
    -jeffB, Nov 27, 2021
    #22
  4. fretboard

    fretboard Defender of Old Coinage!

    Buying opportunity for some, not me though! :D
     
    fretboard, Nov 27, 2021
    #23
  5. Sting 60

    Sting 60 Well-Known Member

    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.
     
    Sting 60, Nov 27, 2021
    #24
  6. -jeffB

    -jeffB Greshams LEO Moderator

    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.
     
    -jeffB, Nov 27, 2021
    #25
    Evan Saltis likes this.
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