was the 10% gst got any thing to do with past sanctions on the Soviet ?Palladium has actually already passed parity here in Australia, technically.
if you add the 10% gst you'll find Pd is $30 above Pt
Palladium is underpriced if we are in the midst or beginning of a bull market for this metal....which seems to be the case going by some reports.
It's not so different than when silver was at around $25 at around this time in 2010...one may have assumed, at that moment in time, that it was overpriced but it was underpriced considering that it just about doubled in value within 7-8 months.
It's all about perspective.
I have also been looking into the whole Palladium vs. Platinum for a while. The only Platinum I own are three 1/10 oz American Eagles. I wouldn't be a buyer for any of the two metals. My reasoning being that since more car companies are going to jump on the electric bandwagon, which would mean a death cross for the metals since the majority of Platinum is used for diesel engines, and a large stake of Palladium is primarily used for gasoline engines. I don't think there is enough demand in the jewelry industry to support those prices medium/long term. Once the prices cool down a little bit, I will more than likely own a Palladium eagle just to showcase as a collectible instead of a metal.
Anyone?
If I invest in Platinum or Palladium, how do I know that it is the real article considering that we are late in the game of 'REAL MONEY'
Baird & Co seem to be a trusted source, but given the London shenanigans with precious metals, who can we trust? _JOHNLGALT.