Frugality_of_Apathy
Full time employment: Posting here.
- Joined
- Jul 9, 2008
- Messages
- 622
So I'm thinking it may be a good idea to hedge my market bets with some physical assets.
Looking around, by all rights palladium shouldn't be much less than platinum. It's almost as rare and almost as useful in industrial operations. It's also the material that has the highest hydrogen uptake out there. So if fuel cells ever become big this is the material that will store the hydrogen without turning the car into a high pressure bomb.
Currently it's about $200 an ounce but a few years ago when Russia used their 50% wold production capability to slow supply it was over $1000 an ounce.
Any thoughts?
Looking around, by all rights palladium shouldn't be much less than platinum. It's almost as rare and almost as useful in industrial operations. It's also the material that has the highest hydrogen uptake out there. So if fuel cells ever become big this is the material that will store the hydrogen without turning the car into a high pressure bomb.
Currently it's about $200 an ounce but a few years ago when Russia used their 50% wold production capability to slow supply it was over $1000 an ounce.
Any thoughts?