I think you have to look at the industrial uses for palladium. True enough ... it's used in electronics. That demand should be less. It's used in catalytic converters though as well. That demand will remain strong.
It's also used in fuel cells as well. There's every good chance in the world that hydrogen could replace gasoline as a fuel for our cars in the not too distant future. They already have hydrogen powered vehicles on the road and filling stations in California.
Whew ... i'll tell ya man. There's huge market potential here. Imagine using electricity produced by a solar farm out back of your hydrogen filling station. You use that electricity to split water into hydrogen & oxygen on site. You compress that hydrogen and then pipe it out to the pumps out front. It's like having an oil rig, a refinery, and a retail sales location all in one except that it's 100 times more profitable than oil because it's so efficient. Palladium would play a key role in all of that.
Gold and silver are completely different animals. They have their industrial uses but their main thing is that they serve as a hard currency. As the US dollar becomes weaker ... gold & silver go up in value. They're a pretty effective hedge against inflation. That's why they have been doing so well lately.
There are some things we can be pretty sure of:
1: The trend toward EV's will continue. They will eventually displace ICE vehicles.
2: Global warming will continue. (Whether it's real or not won't make any difference.) Green technologies have a bright future.
3: The dollar will continue to lose value. To make it stronger ... they would have to pay down the national debt and that's never gonna happen .
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