Registered: Mar 2012
04-28-12 02:00 PM
Do your own research. Go to stockcharts and there is a chart on Palladium there if your broker doesnt have it. Google Russian Palladium.
The truth is no one knows just how much Palladium Russia has in its enduring stockpile, but the rumor is they are just about out. They stockpiled huge amounts during the 70s and 80s. Since the breakup of the Soviet Union, they have been selling off Palladium from the stockpiles.
Palladium is primarily used in catalytic converters so as auto production ramps up so does the need for Palladium.
There is not enough mined Palladium to satisfy demand. Therefore, if the stockpile runs out then prices get goosed to unheard of levels. The question is..are the rumors true about the stockpile or are they not true?