Speak to a non-commission broker TODAY!
800.528.1380
Blog
Although precious metals, platinum and palladium have never functioned as money. Still, many analysts consider them to be suitable hedges against a decline in the dollar. According to the latest GFMS Platinum & Palladium Survey, palladium has much more favorable fundamentals than platinum.
With Friday’s announcement that it has developed an emission control catalyst that could cut in half the PGM loadings for gasoline-fueled cars, Nissan Motor Company has roiled the PGMs markets. Platinum dropped $43, while palladium dropped only $4. Investors should expect more fireworks as the market evaluates the impact of Nissan’s new catalytic converter. At
CMIGS rarely recommends palladium and platinum because they are not monetary metals. Still, we they are precious metals, which is what CMIGS buys and sells. The best source of information on palladium (and platinum) is Johnson Matthey, which boasts of being “the world’s leading authority on the production, supply and use of platinum and palladium.”
