Money Morning Says Buy Palladium - Coin Community Forum

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Author	Replies: 3 / Views: 1,341
Silverhawk74 Pillar of the Community United States 3670 Posts	Posted 05/23/2013 1:17 pm So I will keep this short and sweet as I found it interesting that money morning keeps sending me emails saying palladium shortages in the auto industry is what's up shifting palladium.... Another email they sent said Ben bernanke is ruining the baby boomers retirement plans lol. Shocker there eh lol.... I can post links if anyone is curious to read the articles.... They claim palladium has much more upside still yet and is gonna crack 800 soon.... Edited by Silverhawk74 05/23/2013 1:21 pm Report this Post to the Staff

basebal21 Bedrock of the Community 13014 Posts	Posted 05/23/2013 4:28 pm It would be the way to go if you think the auto industry is going to pick up. In the sense that when things are going well and selling it will do well it should theoretically perform opposite of gold and silver acting as a hedge of sorts. Of course the markets more complicated than that, but its not a metal that relies on people not having faith in the economy Report this Post to the Staff
allspice Pillar of the Community Canada 746 Posts	Posted 05/23/2013 10:22 pm Palladium sounds like a good investment. Small premium, less likely to be confiscated, etc. Although not many dealers offer to buy or sell palladium and it isn't widely recognized. Also, there is a problem with theft in regards to the auto industry... Very attractive for thieves to rip off Catalytic Converters. If the electric car industry ever picks up, silver is the winner metal there, isn't it, due it's highly conductive properties and affordable price? Report this Post to the Staff
yup7676 Pillar of the Community United States 3789 Posts	Posted 05/23/2013 10:57 pm Oh for sure, if you are buying PM's, Palladium is the place to be. In terms of price, it is the best performing PM, near yearly highs which means means the probabilities of the price being higher from here are very good. Furthermore, within the stock market, everything auto wise is moving up as the market prices in future profits with these companies, and I can say I am seeing auto manufacturers, auto parts stores, auto part makers, all these stocks are market leaders with their stocks near yearly highs which is a good sign, the market is buying these stocks because companies in the auto industry will have higher profits going forward. Clearly then, palladium is going to partake and enjoy this up trend in auto products. so yes, there's no doubt about it palladium is going to have a good year. Report this Post to the Staff
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