Platinum/palladium

[mflugher]

Just thought I'd point out the platinum group metals are outperforming gold at the moment, I was looking into them at $1400/435 respectively, kinda wish I had jumped in now


Any thoughts?

Of course the biggest driver for the out performance is the strikes in South Africa. Might be a short opportunity if they get that worked out...

Thoughts and comments?

[SilverDragon72]

My only thought is....I don't own either one of those!

Might have to pick up a fractional or something...just to say that I have some!

[highroller4321]

I have always liked PD. I don't really like PT because its only huge souce of uses comes from the car indudustry.

[Crescendo]

South Africa riots may be the cause here so this may be a short-term fluctuation.

[mflugher]

I have always liked PD. I don't really like PT because its only huge souce of uses comes from the car indudustry.

and jewelry...

much like gold its not good for much except showing people how wealthy you are

Some pros to plat ownership...
Platinum is denser than gold. (takes less space)
aprox 15x as rare in natural occurance.
unlike gold it is consumed by some industry on a regular basis. Computers have mg of gold, cars have grams of plat, and that part must be replaced.

Some cons:

Not as well understood by masses/popular
Harder to refine, generally you must allow your dealer a larger discount when selling.
probably overpriced at this time (SA strikes)



Honestly I don't know much at all about Pd, anyone with some wisdom to share would be appreciated


Anyone have any thoughts on a paper short play on Plat/PD in the near future?

For stacking I'm gonna stick with gold/silver.