• 173 days Will The ECB Continue To Hike Rates?
  • 174 days Forbes: Aramco Remains Largest Company In The Middle East
  • 175 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 575 days Could Crypto Overtake Traditional Investment?
  • 580 days Americans Still Quitting Jobs At Record Pace
  • 582 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 585 days Is The Dollar Too Strong?
  • 585 days Big Tech Disappoints Investors on Earnings Calls
  • 586 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 588 days China Is Quietly Trying To Distance Itself From Russia
  • 588 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 592 days Crypto Investors Won Big In 2021
  • 592 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 593 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 595 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 596 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 599 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 600 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 600 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 602 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

Palladium Price Premia

This interview with Jay Taylor discusses price premia of $130 per oz. of palladium and $80 per oz. of platinum in Shanghai vs. the London/NY markets.

We also discuss how the paper metals markets can fail as real metal markets like Shanghai develop.

Given PGM price premia (PGM inventories aren't held by central banks) that we are seeing in Shanghai, as this moves to silver and gold as well, ultimately sellers of precious metals are going to migrate from London & NY to exchanges that deal in real metal and provide the maximum price. It appears that influence of paper markets is waning and there is a transition to real physical markets taking place.

A palladium mining company will have a hard time explaining to shareholders why they are selling through or using LPPM / NY Comex benchmark pricing when they can, for instance, obtain $130/oz more in Shanghai for palladium.

We also touch on the fact that the discussion re. a new Gold Daily Fixing price is a straw horse discussion as it is not the fixing mechanism in London that is broken. Instead, witness the fact that Goldcore.com noted that in the summer of 2013, there was 280 million oz. of gold traded on the LBMA per day which is 850x the daily global gold mine production rate. It is not the fix that is broken. It is that London and NY are digital instrument markets that trade pretend gold, silver, etc. to manipulate global gold, silver, platinum, and palladium prices.

Jay Taylor interview with David Jensen MP3

Length: 30 mins 46 seconds

 

Back to homepage

Leave a comment

Leave a comment