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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: yard_man who wrote (222214)	2/18/2003 2:47:11 PM
From: Horgad	Read Replies (1) of 436258

Palladium is strictly industrial and is mostly used in pollution control devices. Platinum can also be used in those same devices, but there is some expense in switching over the manufacturing process. So they can't just buy whatever is cheapest at the moment. There was also some talk of using gold for pollution control devices. But now that Palladium is cheaper, I doubt that is making any headway. The difference in price between the two is really the added jewelry demand of platinum and possibly a little bit of how many manufacturers are currently geared towards one metal or the other. I supposed if more cars are being junked than are being made then palladium will continue to slide down assuming all the palladium in the junked cars is being recovered. Or if more palladium is being produced than new cars minus junked cars then it will continue to slide. Unless, it gets discovered as a inflation safe haven. <g/ng> But yes I am thinking that years down the road that it might be a good swap of "hard" currency. It seems like one might bottom as the other one peaks or at least close enough to make a little money.

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