As an industrial metal, Platinum has been in surplus since EU switched from diesel engines which then boosted Palladium prices, as the main catalytic converter metal. Now that EV is the new driver, Palladium has also got in surplus and hence prices tanked, along with Rhodium, etc..
That said, I agree Pt and Pd both has precious metal attr…
As an industrial metal, Platinum has been in surplus since EU switched from diesel engines which then boosted Palladium prices, as the main catalytic converter metal. Now that EV is the new driver, Palladium has also got in surplus and hence prices tanked, along with Rhodium, etc..
That said, I agree Pt and Pd both has precious metal attributes, historically, especially given their scarcity vis-a-vis Au, but when you look in the sheer size of their market, both, comparing to Au, it is clear why Au has always been the go to metal of the humankind for thousands of years.. Market depth has always meant something, clearly.
Similar to your comparisons, if for. some reason, all DM bonds, as in US treasuries, became uninvestable, that would catapult the Au prices to insane levels, but then again, Au is nobody's liability, unlike bonds. I always think Au is cheap, as long as it is below SnP500. My lame approach.
As an industrial metal, Platinum has been in surplus since EU switched from diesel engines which then boosted Palladium prices, as the main catalytic converter metal. Now that EV is the new driver, Palladium has also got in surplus and hence prices tanked, along with Rhodium, etc..
That said, I agree Pt and Pd both has precious metal attributes, historically, especially given their scarcity vis-a-vis Au, but when you look in the sheer size of their market, both, comparing to Au, it is clear why Au has always been the go to metal of the humankind for thousands of years.. Market depth has always meant something, clearly.
Similar to your comparisons, if for. some reason, all DM bonds, as in US treasuries, became uninvestable, that would catapult the Au prices to insane levels, but then again, Au is nobody's liability, unlike bonds. I always think Au is cheap, as long as it is below SnP500. My lame approach.