PHPT is lagging behind was up 2.4 today PHPD up 1.2
Platinum and palladium are nearly identical to the untrained eye. Because of their similar makeup, they react as catalysts to the same chemicals and elements and, when used in jewelry, maintain a bright white color with no tarnishing over time. The differences between the two mainly come down to density and price.
Platinum is much denser than palladium and, because of this, is often recommended for men’s jewelry, as the heavier metal is more durable than silver or gold and may be considered more masculine. In terms of price, platinum’s density allows for more minute manipulation of the metal without breaking, therefore raising platinum’s price to nearly twice the price of palladium per ounce.
Both platinum and palladium are used in automotive catalytic converters, electrodes in medical equipment, and in fine jewelry. Platinum is also used in dentistry, in the form of surgical instruments and electrical contacts, as well as in the production of strong, permanent magnets. Palladium is an essential part of white gold, is also used in the production of dental equipment, and makes up some of the fine workings of high-end watches.
Platinum and Palladium Investments
Platinum and palladium’s rarity, coupled with the growing uses for the two metals, makes for great investment potential. For example, if gold mining ceased today, the gold supply would last for nearly twenty-five years. If the same was done for platinum, the supply would last about a year. Because of its similarities with platinum but generally cheaper price, palladium shares the market with those seeking to buy platinum. The price of palladium is volatile and unpredictable — giving investors ample opportunity for speculative profit.