Platinum vs Palladium.

Discussion in 'General Precious Metals Discussion' started by wilspeak, Dec 3, 2018.

  1. alor

    alor Well-Known Member Silver Stacker

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    Platinum is over supply, more Russian platinum would be dump into the market in the next 4-5 years
    so the drop is no where near the end
    People just buy the cars that use Palladium
    the party is just getting started
     
  2. ddevil

    ddevil Active Member Silver Stacker

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    A lot of white gold jewellery is palladium based, probably more so than platinum now
     
  3. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Why buy white gold when you can just buy pt?

    I bought a pair of pt bands from mene. It is like twice the weight of white gold for the same size. The weight is unbelievable.
     
  4. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Platinum supply in recent years. What do you guys think?

    [​IMG]
     
  5. alor

    alor Well-Known Member Silver Stacker

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    Not All That Glitters Is Gold: Palladium Is Dethroning Gold As The Most Expensive Metal https://www.fort-russ.com/2019/12/n...=wp&utm_campaign=push&utm_content=new-article

    Price hikes in the last decade and closure of South African mines have made precious metals hit price records.

    The price of palladium has risen for the 15th straight day, exceeding the highest gold price ever, reports Bloomberg.

    On Thursday, the rare white metal traded at a record high of $1,940.34, which increased cumulative earnings for palladium this year to 54%.

    Thursday’s palladium index boosted it beyond the record ounce of gold, which was $ 1,921.17 in 2011.

    These changes come after South African mines were closed for 24 hours due to a lack of electricity. South Africa is ranked as the second largest producer of palladium , while Russia is currently seen as the leader in metal production.

    Commerzbank analyst Daniel Briesemann suggested that now nothing can stop palladium.

    Briesmann explained that even if we consider the sharp price increase to be exaggerated, there is no end in sight for growth.

    Briesemann was echoed by Jonathan Butler, Mitsubishi’s precious metals strategist, who did not rule out the possibility of palladium reaching the $ 2020 ounce threshold before the end of the year.

    Concerns about electricity supplies in South Africa helped palladium this week, along with still strong physical demand, according to Bloomberg.

    The precious metal silver white color has enjoyed a steady rise in value over the past decade , starting with a minimum of only 235 per ounce in November 2008, in contrast to gold, silver and platinum.

    Palladium is used in pollution control devices, electronics, jewelry, groundwater treatment equipment, chemical applications and dentistry.

    Given the rising price of metal more expensive than gold, alternative-energy vehicles, such as electric cars, could be an option, since during its production palladium is not used.

    However, Roman Antonov, an executive at Russian bank Promsviazbank, pointed out that the transition to electric vehicles would take a long time.

    “The transition to other types of transport, particularly electric vehicles, which do not use palladium, will take a long time,” said Antonov.
     
  6. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Mene Pt bands. Pt is cheap, but add 20% workmanship, 7% GST and expensive fedex shipment.

    But still cheaper than what I can get locally.

    [​IMG]
     
  7. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Love that dragon bar!
     
  8. alor

    alor Well-Known Member Silver Stacker

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    its possible for $4k palladium price, its leading the metals pack up again
     
  9. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Yup, it’s the anniversary gift, so no longer mine. I bought it when gold was $1510. Also bought the gold rat around that price level. The premium for Lunars in Singapore is ridiculous. I won’t buy if not for the lucky animal sign.
     
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  10. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I'm loving it more than my 21.6k gold band which I've not worn for a long time and is currently in a bad shape, full of scratches which is very obvious on yellow. It's simply not practical for everyday use. A wedding band which you don't wear, what's the point?


     
  11. silverhair

    silverhair Member

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    A WG Rolex Day Date 2 is around 30k USD or there abouts on the grey market.... a Platinum Rolex Data Date 2 (40mm) wont be had for anything under 45k USD. The PT Day Date 2 is 80K AUD ex GST retail. a PT watch is also around 50% heavier than a WG equivalent

    PT needs more material during manufacture to achieve the same dimensions due to it having a higher density and the process also loses a lot more material during manufacture () compared to gold. Its also more difficult to work with compared to 18K gold.

    This is why PT jewelry tends to cost more than gold...
     
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  12. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Pt is actually very cheap if you have seen one for yourself. 1 oz only us$900, those cartier bands are only 4-8 grams which is like only $110 to $220 worth of real metal (for 950) but cartier sells them for $1000-$2500.

    $220 for something that is rare, doesn't tarnishes, doesn't scratch easily or bend so you don't need to put in base metals is very cheap.

    Mene charges only 30% premium for workmanship so a pt band will cost $300. If all dealers start pricing it the way Mene does, people who are getting white gold will get real pt instead.

    If pt remains depressed and gold price continues to rise, this switch will gradually happen, and ironically will benefit pt in the long run. This is why I’m think low pt price is actually good in the long run.
     
    Last edited: Dec 19, 2019
  13. leo25

    leo25 Well-Known Member Silver Stacker

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    Palladium has now gone full retard again ($2100 USD). Interesting how palladium always goes nuts right before a major market crash. Though i guess being such a small market it's easy for someone to have fun with.
     
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  14. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Rhodium is even better. the price went up 20% in the last 2 days.

    [​IMG]
     
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  15. leo25

    leo25 Well-Known Member Silver Stacker

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    With Rhodium and Palladium going gang busters, it's as if the automotive industry know that battery cars are a dud (once again) and ICE will remain in play for a long long time. Therefore they better stockup on metals needed for Catalytic converters.
     
  16. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I remembered looking at rhodium 1.5 years ago when the price was $2k and decided not to buy. Let's remind ourselves if Rhodium drops back below $1k. Can consider buy a couple ounces just for the fun. Only problem is how to sell it?
     
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  17. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    10 years, much longer than I thought. Amazing. With all the shift to gold going on, looks like silver will be in short supply soon, and it will be years to ramp up supply.

    https://www.kitco.com/news/2020-01-08/Rhodium-prices-soar-on-demand-driven-story.html

    “It normally takes about 10 years for new supplies to come on line,” Cooper said. “It’s possible that we may be facing a supply crunch over the next couple of years. When we look at the profile for future production, it’s the minor PGMs [such as rhodium] where the grades are falling much more rapidly than the main PGMs and base metals.”
     
  18. leo25

    leo25 Well-Known Member Silver Stacker

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    looking at the chart, Palladium is now doing what Platinum did in 2008.

    Untitled-1.jpg
     
  19. StewyD32

    StewyD32 Well-Known Member Silver Stacker

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    Had my rhodium up here around that time and had to go to the bullion dealer as there was no interest here.
     
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  20. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    This is why diversification is important, because we don't know which will be the winner in the future. Just buy what is cheap.
     
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