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News

United States economy pick up Palladium is expected to continue to rise

  • Author:Josephine wang
  • Source:Yadao
  • Release on :2014-10-09
Palladium rise 3.1% again on October 7, to 784.50 dollars, biggestone-day rise for more than six months. GFMS, analysts said supply shortages pushed Palladium prices into a bull market cycle. 2013 gold supply gap of 1.029 million ounces of Palladium, that numberwill likely be expanded to 130 this year to 1.4 million ounces.

 

Reporters found, to the end of 2008 while Palladium prices of 157 US dollars an ounce, less than 6 years time, Palladium prices haverisen by 4.6 times.

 

Insiders told reporters, "as of August this year and Palladium over$ 900, Palladium investment became the focus of the market. Gold 10first round missed the bull market does not matter, the second roundof rally investors should grasp the Palladium. Whatever way, timing of investment Palladiumshould not be missed. ”

 

Palladium rare than gold 30 times into investment "preferred product"?

 

Studies reported that Palladium is extremely rare, content is morerare than gold 30 times the Earth's crust. 2013 Platinum andPalladium output at 350 tons, far lower than 3000 tonnes of gold.

 

Palladium and Platinum, gold and silver are both international spotand futures trading of precious metals, is a scarcity ofnon-renewable resources, is of great value in the international market. Should be further explored the value of their investments in China.