The platinum and palladium markets appear to be the tightest of the 4 precious metals markets (gold, silver, platinum, and palladium) in London and New York.
David; I don't touch platinum and paladium, mostly because they are such thin markets. They both have huge potential for gains. But, I don't think they are any place for a small investor or even speculator? If they have any merit at all, it is as a catch-up trade to gold.
However, as "Industrial metals" they are even more susceptible to the fraudulent "Kiss of death" applied to silver in my youth. PGMs have no history as monetary metals and little as jewellery which was and still is the underpinning for silver.
BTW, I see more and more need fore what you called, "The millet index". I know you were laughing at me. But, 'gold in terms of Dollars' is increasingly irrelevant. I see better measures of gold's value, than in terms of fiat currency which has no intrinsic value.
Largely agree here & like you I've avoided Platinum ( never considered Palladium ) due to as you say being exceptionally thin markets - with Platinum never having been a true monetary metal in the way that Gold and Silver always have been + with my having the suspicion that all of this out of the blue " Get into Platinum " stuff potentially even being something over a " look over here - not over there " ploy to keep the real deal per Gold & Silver out of the public's purvue for as long as humanly possible . Act of desperation ..??
That said , there are a number of sage analysts ( Marc Faber / Vince Lanci & more ) who are all equally positive where Platinum is concerned over the next 3 - 4 x years
and are singing from the same hymn sheet on this front . They aren't usually wrong .
DAVID - WHAT SAY YOU ABOUT PLATINUM .& IS IT WORTH A PUNT ....??
For some reason I wasn't able to comment yesterday.....Horrible!
From the lack of comments, I have to guess that everyone is tired of being wrong.....D
We seem to be in some new reality.
History suggests that everything will crash (including metals) Technicals say metals cannot crash from here, and the "Funnymetals" scream "Fake News" on every side?
Remember that "Survival" and solvency, are the goals.
Yes - I do think the metals will crash as well when all the ' Bad Actors ' get hit with a whole slew of margin calls and need to reach for the most liquid assets that they've got at their disposal ( this is normal ) - but this rapid forced liquidation will be very short lived due to massiive demand coming from the general public who haven't got any knowledge let alone exposore to precious metals - which will swiftly catapult the prices / values up into the stratosphere and further lead to an " Unobtanium " situation where availability is concerned .
Since the "Western World" is long out of the habit of using precious metals for currency, and few people have any physical at all; then there may not be a direct parallel to 1929 when many people used gold???
I saw an interesting reference yesterday; to a "Bank machine(?)" where people would put in their jewellery (for analysis. melting, and immediate electronic transfer (of currency) to their bank account????) A scary development!
"The primary precious metals found in a catalytic converter are platinum, palladium, and rhodium. These platinum group metals (PGMs) are crucial for their catalytic properties, which help reduce harmful emissions from vehicle exhaust. "
I am curious if the supply shortages we're seeing in these metals has any connection to their value in the automotive supply chain.
Internal combustion engines operate independently and in isolation from the exhaust processing function of a catalytic converter, so no concern there, but I think in many place, there is emission testing of vehicles as a prerequisite to register the vehicle with state motor vehicle department. Legally, if your car can't properly clean the emissions it generates, the state won't permit you to pay to register & drive the vehicle, at least that is the law in the state I reside in.
Could there be a ripple effect that adversely impacts the car industry in the US should there be disruption to the supplies of these metals?
I thought that everyone and their granny was supposed to be moving over to EV's - not that I will in a million years - so why so much angst over Platinum Group Metals ..??
Even more critical ( and vastly so ) one would have thought is the ever growing and under-reported 5 x Year + supply-side deficit in Silver - given it being vital and irreplaceable in essentially every technological development on planet earth both today and even more so in the years ahead . Silver hasto bethe most important ' Strategic Metal ' out there and to my mind should today be at a value on a par or even more than Gold .
David; I don't touch platinum and paladium, mostly because they are such thin markets. They both have huge potential for gains. But, I don't think they are any place for a small investor or even speculator? If they have any merit at all, it is as a catch-up trade to gold.
However, as "Industrial metals" they are even more susceptible to the fraudulent "Kiss of death" applied to silver in my youth. PGMs have no history as monetary metals and little as jewellery which was and still is the underpinning for silver.
BTW, I see more and more need fore what you called, "The millet index". I know you were laughing at me. But, 'gold in terms of Dollars' is increasingly irrelevant. I see better measures of gold's value, than in terms of fiat currency which has no intrinsic value.
Largely agree here & like you I've avoided Platinum ( never considered Palladium ) due to as you say being exceptionally thin markets - with Platinum never having been a true monetary metal in the way that Gold and Silver always have been + with my having the suspicion that all of this out of the blue " Get into Platinum " stuff potentially even being something over a " look over here - not over there " ploy to keep the real deal per Gold & Silver out of the public's purvue for as long as humanly possible . Act of desperation ..??
That said , there are a number of sage analysts ( Marc Faber / Vince Lanci & more ) who are all equally positive where Platinum is concerned over the next 3 - 4 x years
and are singing from the same hymn sheet on this front . They aren't usually wrong .
DAVID - WHAT SAY YOU ABOUT PLATINUM .& IS IT WORTH A PUNT ....??
For some reason I wasn't able to comment yesterday.....Horrible!
From the lack of comments, I have to guess that everyone is tired of being wrong.....D
We seem to be in some new reality.
History suggests that everything will crash (including metals) Technicals say metals cannot crash from here, and the "Funnymetals" scream "Fake News" on every side?
Remember that "Survival" and solvency, are the goals.
Yes - I do think the metals will crash as well when all the ' Bad Actors ' get hit with a whole slew of margin calls and need to reach for the most liquid assets that they've got at their disposal ( this is normal ) - but this rapid forced liquidation will be very short lived due to massiive demand coming from the general public who haven't got any knowledge let alone exposore to precious metals - which will swiftly catapult the prices / values up into the stratosphere and further lead to an " Unobtanium " situation where availability is concerned .
Since the "Western World" is long out of the habit of using precious metals for currency, and few people have any physical at all; then there may not be a direct parallel to 1929 when many people used gold???
I saw an interesting reference yesterday; to a "Bank machine(?)" where people would put in their jewellery (for analysis. melting, and immediate electronic transfer (of currency) to their bank account????) A scary development!
The following description from Google puts the industrial value of platinum + palladium in context:
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"The primary precious metals found in a catalytic converter are platinum, palladium, and rhodium. These platinum group metals (PGMs) are crucial for their catalytic properties, which help reduce harmful emissions from vehicle exhaust. "
I am curious if the supply shortages we're seeing in these metals has any connection to their value in the automotive supply chain.
Internal combustion engines operate independently and in isolation from the exhaust processing function of a catalytic converter, so no concern there, but I think in many place, there is emission testing of vehicles as a prerequisite to register the vehicle with state motor vehicle department. Legally, if your car can't properly clean the emissions it generates, the state won't permit you to pay to register & drive the vehicle, at least that is the law in the state I reside in.
Could there be a ripple effect that adversely impacts the car industry in the US should there be disruption to the supplies of these metals?
I thought that everyone and their granny was supposed to be moving over to EV's - not that I will in a million years - so why so much angst over Platinum Group Metals ..??
Even more critical ( and vastly so ) one would have thought is the ever growing and under-reported 5 x Year + supply-side deficit in Silver - given it being vital and irreplaceable in essentially every technological development on planet earth both today and even more so in the years ahead . Silver hasto bethe most important ' Strategic Metal ' out there and to my mind should today be at a value on a par or even more than Gold .
When "AI" is putting out "Baffle gab"????