By Jeff Berwick
The Dollar Vigilante
Tensions in the Ukraine have turned investors’ attention towards precious metals. In times of political conflict, especially military, precious metals generally do well. But some people might have been surprised just how the tensions have affected precious metals.
Palladium has risen to its highest level since 2011. Escalating tensions in Ukraine are the reason, in particular the supply of palladium from Russia, the world’s biggest producer, could be restricted. This is especially true if US politicians and “experts” continue mouthing off about how the US government should go after Russia’s banking and financial system. As if the US government is not in a precarious situation enough … In 1999-2000 palladium ran to $1,090. Could it be heading to its old high? There are lots of reason to believe so … and also to believe we are at the beginning of the next price run in the precious metals, including gold and silver. But for now palladium is the big story.
Palladium has already increased 13 percent this year. There is crisis in Ukraine, as well as in South Africa, the world’s second largest producer of palladium.