Platinum & Palladium parity soon

back in 2000 Pd was higher than Pt, if Pt could go to all time high of 2167.80 back in 2008, why is a need for reason for Pd to surpass that record in the future. They are just taking their turns

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Seven of nine said:
Wasn't Palladium used because it was cheaper? Now that it has surpassed the price of Platinum I would assume the auto industry should start using Platinum again in the near future? And if that happens the prices of the two metals should reverse Plat higher and Pallad lower. Just a thought
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This is what i always thought. But maybe there is some new application that is weight sensitive and since Palladium is half the density of Platinum it has preference?
 
must be very quiet here for nobody to write about what is surely one of the major stories in the world of precious metals - that palladium is ounce for ounce worth more than gold!

who would have thought it back in 2009?
 
milled said:
must be very quiet here for nobody to write about what is surely one of the major stories in the world of precious metals - that palladium is ounce for ounce worth more than gold!

who would have thought it back in 2009?
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Yes, it's a bit mind boggling that Platinum is such a bargain now....that's why I'm buying Platinum.
 
Coins A-Z said:
Yes, it's a bit mind boggling that Platinum is such a bargain now....that's why I'm buying Platinum.
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I hope you do well in that. It is a scarce metal, but the reality is that we live in an increasingly centralised world of regulation. This is not good for Pt as it falsely accelerates the direction when the consensus at the top is driven by greed and not competition. Pt is on the outer, at least in terms of catalytic conversion.
 
Clearly the move in Pd was based on a shortage similar to what happened in 1999. Lease rates approaching 20% and paper to total Pd Comex ratio of 70:1 speaks clearly of this. This time the LBMA and the western banks did not have their drunk monkey Yeltsin to bail them out 25 million oz of Pd. Putin told them exactly what to do with themselves. So this price fall is nothing more than the bankers printing up massive amounts of paper non existent Pd to flood the market and smash price. However it won’t last as real shortages bite again. Let’s hope this Pd market blows sky high and alerts everyone to this scam we call the futures market. Nothing more than a total manipulation by the Bullion banks. Maybe Pt is next soon to be followed by silver and gold. As long as you recognise the paper price has nothing to do with the metal and is dictated by bankers printing contracts for metal they don’t have and selling it to speculators who don’t want it. Great system we have and people take this seriously ?
 
milled said:
I hope you do well in that. It is a scarce metal, but the reality is that we live in an increasingly centralised world of regulation. This is not good for Pt as it falsely accelerates the direction when the consensus at the top is driven by greed and not competition. Pt is on the outer, at least in terms of catalytic conversion.
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Thank you. I think that the intrinsic properties of Platinum make it always a potentially very valuable metal.
 
Pd 3005.5 back again, so it has been more ups and down than Gold :)
 
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