You are here
Palladium is now more expensive than gold has ever been
By Elena Maznev
Bloomberg News
Thursday, December 12, 2019
Palladium rose for a 15th day, heading for its longest run of gains on record and exceeding the highest-ever price of gold.
Spot palladium touched a record of $1,940.34 an ounce today, extending its year-to-date gains to 54 percent. Prices have been driven by supply concerns as mines in South Africa, the world's No. 2 palladium producer, were shut down for 24 hours this week because of electricity shortages. State power utility Eskom Holdings SOC Ltd. is still implementing rolling blackouts, although at a lower level.
"It seems that nothing can slow palladium," said Daniel Briesemann, a Commerzbank AG analyst. "Even though we regard the steep price rise as exaggerated, there is no end in sight to the rally." ...
... For the remainder of the report:
https://www.bloomberg.com/news/articles/2019-12-12/palladium-is-now-more...
Buy, Sell, or Store Precious Metals with Money Metals
Money Metals Exchange, a national bullion dealer recently voted "Best in the USA" by a worldwide ratings group --
https://www.moneymetals.com/news/2015/02/03/worldwide-ratings-organizati...
-- is a great low-cost source for precious metals coins, rounds, and bars. Money Metals also pays handsomely when you wish to sell your precious metals.
Shop online with Money Metals Exchange here --
https://www.moneymetals.com/buy
-- or by calling 1-800-800-1865.
Meanwhile, Money Metals Depository will store your precious metals in a segregated account at low cost:
https://www.moneymetals.com/depository
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
