SilverBunker and Herbert Hunt nearly cornered silver in 1980, drove the price to $50, and watched it implode in days. The fallout still influences exchange rules and trader psychology today.
PalladiumPalladium fell over 70% from its 2021 peak. Looking back, every component of the bull thesis broke at roughly the same time, which is why the decline was so brutal.
PalladiumRussia mines palladium-rich ore. South Africa mines platinum-rich ore. Neither can switch ratios, and that geological accident shapes the entire PGM market.
PalladiumBattery electric vehicles use no palladium. As BEV penetration crosses 20%, palladium faces a structural demand decline that no investment story can offset.
PalladiumFor two decades, autocatalyst makers swapped platinum for palladium. Since 2020, the trade has run in reverse, and the implications for both metals are huge.
InvestmentHarry Browne built a portfolio designed to survive any economic regime. Forty years later, the strategy still works, though the implementation has evolved.
PalladiumA single Siberian mining complex produces close to 40% of the world's palladium. Understanding Norilsk Nickel is non-negotiable for any palladium investor.
InvestmentThe case for any specific gold allocation should rest on data, not feelings. Here is what 5%, 10%, and 20% gold portfolios actually delivered from 1972 to 2024.
PalladiumFor the first time since 2002, palladium traded above gold in late 2018 and spent most of 2019 as the most expensive of the four major precious metals.