[quote=flu]I have another dumb question. Why is the spread between spot price and ask price so large for metals like pallidium and platinum? Spot prices of both is lower than gold but ask price is much higher from spot. Is it just because the metal is not traded as much? How do those two compare to gold?[/quote]
Don’t know about this one, your guess is as good as mine–those metals just aren’t traded as much and don’t have the ‘investor’ appeal of gold & silver I guess.
Platinum & palladium are industrial metals (like silver, sort of) and are used in catalytic converters. I wonder if their under-performance relative to gold over the last few years is due to the thinking that we really are in the twilight of the ICE era.
