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Even more rare than gold, used mainly in autocatalyst converters in cars, but also used in many other things from electronics to jewelery to medicine... Russia was the biggest supplier but there has been talk that Russia is running out that leaves just a hand full of palladium miners left to try and feed this growing demand
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buy gold, short palladium, end of story.
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I was unemployed and broke when an ounce of palladium was selling for $350/ ounce and at the time, I wanted to buy palladium but had no money to buy it. At that time I thought it was a bargain because it is a precious metal used as currency and has many uses in industry. The price usually moves up and down a lot and I figured that I would not see it down that far for a few years. I now have a job and money and I am buying stocks. My retirement has been in all stocks since july 2010 with 20% in a great emerging market fund. I am up 22% this year and palladium is up as well. my stocks will continue to rise because they are engaged in producing something out of nothing and palladium will fall and rise regularly as it always has depending on how useful it is. . . yes, it is a great thing to have instead of paper money but money can buy stuff and palladium waits in a vault until somebody needs it to use for making something new for a profit. maybe I am wrong and palladium will stay high and this is a new normal bottom level price but I don't think so...I do think that there is a very good chance that the price may not fall immediately and may even rise some but over time it will return to $500 per ounce and I will close this because that should be close enough to the bottom.
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Russia will stop selling their strategic reserves very soon. This will cause a major disruption in the world's palladium supplies. Palladium has a very bright future. I would however rather own the physical metal (and I certainly do).
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Palladium is rare, unsexy, and usedd in just about everything. Over the long term, if you believe that people will continue to make babies, and that the growing population will continue to consume products, palladium is a pretty safe bet. Beats the heck outta gold
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Another commodity I think will outperform gold. Technically I like the ETF on this pull back from over $57 to now mid $40's.
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Good inflation bet. Also, Russian supply may be dwindling.
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play to auto industry turnaround
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