Discussion in 'Bullion Investing' started by CHARLES GINETTO, Apr 8, 2020.
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Yeah because silver really held it's value. Lol. Silver dropped double what platinum dropped
I never heard of palladium before last year. Why is it's value so high?
Where Platinum is preferred as for diesel catalytic converters, Palladium is more common in gasoline powered vehicles. Demand for palladium has been on the rise with increased global car sales, more strict emissions regulations, and a shift away from diesel passenger cars, mainly in Europe. Demand has greatly exceeded supply, driving prices to record highs. The outlook on auto sales is not super wonderful right is however. It wasn’t great before the viral outbreak, and is even worse now. Palladium has dropped some and will likely drop more over the coming months on slowing auto demand. I also expect EVs to become more mainstream in the coming decades, pushing platinum group metals lower long term.
Auto makers were using platinum for catalytic converters. When the price spiked, auto makers converted to palladium, which was historically cheaper. Auto makers tool up for either metal but the transition is not rapid. I expect auto makers will tool up for platinum when we come out on the other side of the COVID-19. I am looking at platinum as the play when the economy gets back into gear. Buy platinum now?
It all depends on when you bought it and when you sold it. If you want to look at long term or short term?
With palladium prices up, platinum could become the metal of choice again in products. Article link below shows what has hindered platinum but with global economies shut down, platinum could be in play again. If there were a time to "tool up" with the cheaper metal is on the other side of COVID-19.
There's only a billion oz of available silver on the open market. At $20/oz that's 20 billion. With tens of trillions floating around, silver is a small potato, easy to push around, not worth using for any litmus testing.
Right now if I were in the mood for gold, I would definitely be going for platinum too. It looks like a great buy, but I'm still more enticed by silver prices. Having bought at most every price point the last 12 years, $20/oz out of pocket is just fine.
Historically Gold has been peaked only an extra 10%, Silver has been 3x, and PLT has been 3x what it is.
So whats the buy now?
You can get GLD @ 10% over Spot, Silver @ 25% over spot, and PLT at 10% over - What sells me here is PLT has the lowest cost to aquire over spot and historically highest to go. NOT exact numbers but with these geralities this is a strong BUY just based on historical numbers and current Cost to Aquire.
Its been stated before but check out whats slated for 2022:
Diesel though not as popular in smaller cars now will be here for the long haul, even small 1/2 ton Merica trucks are being offered in Diesel now. I still agree with stated above that a lot of the reasoning behind the down swing is fear mongered from that VW scandal.
PLT is widely being used in medical, injectionable (is this a word ) metals. Which to me I see a huge possible inflation for prosthetic, and even stated cancer treatments, unreal!
This list is an amazing outline I hope is Stickied in a new thread titled:
What is Platinum Used For
I am new to metal buying but one thing I do know is History LOVES repeating itself. So Im jumping in and will sell half @ 2100$/ounce and keep the rest till the moon.
I'm sour on the future of diesel light truck and passenger cars. Electric vehicles are future. Look at the specs of of the Cybertruck or electric Hummer. 500 miles range with no diesel engine maintenance and repair. I was a fan of diesel light trucks until recently. Everyone I know spends a fortune to keep their diesel going.
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