Strange situation with Palladium???

[echebota]

Palladium’s disappeared from APMEX and in Bullion Direct it’s $288/oz, when the spot is $200. It’s like 50% over spot???? I guess it's another confirmation of the fact that PM spot prices are disconnected from reality.

 

[Bruno]

Platinum and Palladium are at or near 1 year lows today as well.

And welcome to the forums! Been hanging out for awhile?

 

[eric_cartman]

ya... platinum and palladium are looking really cheap. no evidence of a bottom, but certainly looking very cheap.

i wonder if gold will be more expensive than platinum soon?

i've already got a decent enough collection of gold and silver... maybe now is the time to start buying a few ounces of platinum and palladium.

 

[echebota]

yep, that's what I did. Bought palladium and platinum. I think this is a better option now with the gold almost leveling with platinum and palladium getting back to it's long term moving average. My understanding is that during the crisis gold would get a lot of investment demand and might outperform platinum-palladium pair. But once the equity market risk subsides, platinum and palladium would hold much better since demand for these metals is mostly industrial.

 

[Kade]

yep, that's what I did. Bought palladium and platinum. I think this is a better option now with the gold almost leveling with platinum and palladium getting back to it's long term moving average. My understanding is that during the crisis gold would get a lot of investment demand and might outperform platinum-palladium pair. But once the equity market risk subsides, platinum and palladium would hold much better since demand for these metals is mostly industrial.

Yep.

 

[Scribbles]

Palladium and Platinum are industrial metals as well as precious metals.

The major user of Palladium is the automotive industry, which isn't fairing well atm. I'm pretty sure the rest of the world will start soaking up any supply though.

But if you can find physical palladium for any where near spot let the rest of us know too, because I think its going to be a great investment for the long term future. I almost wish I had enough for a bunch of palladium futures contracts, so I could take delivery. I bet that'd annoy alot of paper traders though.