I’m guessing most of us keep our eyes on gold & silver prices but I was shocked to see Palladium is up over 10% in one day! Is Palladium the new hot PM?
It's one of the PM's used in catalytic converters. I believe 40% of the known reserves are in... guess where?
It's a hot commodity, sourced in large part from a hot spot. I'd love to see world events take the wind out of its sails over the next few days and weeks, but that's not the way I'd bet.
Palladium is very volatile, and guess where most of it is ? bingo in Russia, just wait until Putin runs out of money, he will just dump there palladium reserves and will cut the market by 50%, back in the 80,s China dumped millions of pounds of copper on the market one day it was $1.50LB the next it was only worth .50 similar scenario exists here.
I read that during the Cold War the Soviet Union made counterfeit US dimes but with their full weight in silver as a way to unload their silver reserves at maximum prices. By doing so they could get ten cents out of them instead of whatever melt was at the time which was much lower. Apparently the only reason we know is because they made some of them with dates & mintmarks that didn’t exist.
