Gold, Platinum, and Palladium: Navigating the Market with American Gold Exchange's Dana Samuelson

What emerging trends are reshaping the landscape of precious metals in an ever-changing economic and technological world?

Dana Samuelson, President of the American Gold Exchange, returns to the Futures Edge with Jim Iuorio and Bob Iaccino, to offer a deep dive into the current state of gold, platinum, and palladium. The discussion unpacks post-election gold market dynamics, the influence of economic forces on precious metals, and the shifting role of platinum and palladium in response to advancements in automotive technologies.

The conversation also highlights critical topics like the impact of emission scandals on palladium prices, persistent supply deficits, and the growing importance of recycling. Silver takes center stage as well, with an exploration of its fundamentals, diverse applications, and undervaluation in the current market. Finally, the dialogue examines the merits of physical metals versus digital assets, emphasizing liquidity, counterparty risk, and the challenges posed by counterfeit products.

This episode is sponsored by American Gold Exchange: 

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Takeaways:

- Gold is currently holding up well despite a stronger dollar.

-The mining stocks have underperformed compared to gold prices.

-Platinum is primarily used in diesel catalytic converters, while palladium is used in gasoline ones.

-The demand for palladium is influenced by geopolitical factors, especially regarding Russia.

-The rise of electric vehicles may impact the demand for platinum and palladium.

-Counterfeit products are a significant concern in the precious metals market.

-China is becoming a dominant player in the EV market, affecting global supply chains.

-Investors should focus on buying dips and selling at highs in the precious metals market. 

-Palladium prices were significantly affected by emission scandals.

-There is a long-standing supply deficit in the palladium market.

-Recycling plays a crucial role in palladium supply.

-China's economic performance could influence metal prices positively.

-Silver has diverse applications, including in electronics and EVs.

-The gold to silver ratio indicates silver is undervalued relative to gold.

-Investors should be patient with silver as it can disappoint before rewarding.

-Physical metals provide a hedge against counterparty risk.

-Market reactions to economic downturns can lead to temporary sell-offs in precious metals.

Chapters:

00:00 Introduction and Background of Guests

04:55 The State of Gold and Market Dynamics

12:11 Exploring Platinum and Palladium

18:09 Investing in Physical Precious Metals

28:06 The Impact of Emission Scandals on Palladium Prices

36:14 Exploring the Fundamentals of Silver

48:05 The Case for Physical Metals vs. Digital Assets