Stirl_ae86
Legacy Member
Has anyone noticed palladium prices recently?
https://www.apmex.com/spotprices/palladium-price
I've been watching it climb steadily for a couple years now. Checked metal prices today for the first time in a couple weeks and palladium has officially surpassed gold in value. It has skyrocketed since VW's diesel scandal (with platinum plummeting, especially this year). ~$450/ozt in 2016 to around $1250 today. Palladium is most widely used in catalytic converters for gasoline powered vehicles, and the decline of diesel sales is the official reason given for the increase in price.
Has the ratio of gasoline vs diesel sales really swayed enough to cause this or is there more to it? Market manipulation? Just the normal peaks and valleys that come with precious metals? I have yet to hear a peep in the news about palladium. If gold had increased almost 3 fold in 2 years there would be massive hype...
https://www.apmex.com/spotprices/palladium-price
I've been watching it climb steadily for a couple years now. Checked metal prices today for the first time in a couple weeks and palladium has officially surpassed gold in value. It has skyrocketed since VW's diesel scandal (with platinum plummeting, especially this year). ~$450/ozt in 2016 to around $1250 today. Palladium is most widely used in catalytic converters for gasoline powered vehicles, and the decline of diesel sales is the official reason given for the increase in price.
Has the ratio of gasoline vs diesel sales really swayed enough to cause this or is there more to it? Market manipulation? Just the normal peaks and valleys that come with precious metals? I have yet to hear a peep in the news about palladium. If gold had increased almost 3 fold in 2 years there would be massive hype...