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Replies: 154 / Views: 31,263 |
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Pillar of the Community
 United States
3789 Posts |
So I thought, how does the community here buy coins here for pallidum. Boy am I shocked to find dealers out of stock for those coins.. I think thats going to change soon tho. MCM had none, Goldmart none... but APMEX did.. and I found a few other dealers. I think after looking at this, and seeing the current price action, which the most important thing, that Palladium is going to catch a lot of people off guard. For those who want exposure without buying coins, I highly suggest the PALL ETF. Again, I sure hope the community here makes some coin here.
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Pillar of the Community
United States
606 Posts |
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Pillar of the Community
Canada
746 Posts |
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Pillar of the Community
United States
606 Posts |
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Pillar of the Community
 United States
3789 Posts |
well thats good then, plenty of places for folks to pick up palladium if they want to!
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Pillar of the Community
United States
606 Posts |
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Bedrock of the Community
Australia
21788 Posts |
I pay scant attention to the price variation of precious metals.
I spent AUD $485 (currently converts to USD $375), at part of my severence pay on a one ounce Pt Koala. It is the only coin, strictly for it's bullion value only, that I have bought in my life. Some of my non numismatic friends at the time thought such a purchase was a little stupid. I still have it.
That was way back in 1996.
I bought my first gold sovereign in 1966, as a teenager. The bullion value was the major part of it's total value. This sovereign cost me AUD $15 at the time. I remember well, because England won the soccer World Cup in that year, and Australia converted to decimal curency. I have bought perhaps 50 gold coins since then, and in most cases the bullion value has been a significant part of the total value, including things like a 1937 proof British Five Pounds, and a Double Eagle. I have seen bullion prices go through all sorts of price gyrations over the last few decades, and I have gradually learned not to worry too much about them, almost to the point of disinterest.
Small wonder why I pay scant attention too PM price fluctuations these days.
Edited by sel_69l 03/08/2015 10:43 pm
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Pillar of the Community
 United States
3789 Posts |
for reference, a break of 833.60 increases the probabilities for higher prices.
In all financial markets, price is the single most important metric to know what happens or is happening. Anyone who tells you otherwise is very uniformed.
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Pillar of the Community
United States
606 Posts |
Tough thing about palladium coins is terrible bid/ask compared to gold.
So we wait to buy some coins at $833.60? Does this price include the premium? Excited to get some.
Edited by MontanaCMR 03/09/2015 11:47 am
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Pillar of the Community
United States
606 Posts |
$23 dollars away from buying my first palladium coin. I can't wait!
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Pillar of the Community
 United States
3789 Posts |
palladium is an excellent example of why one waits patiently for price to validate or confirm reasons to get involved.
It did b/o which was good. what isn't that great is the re-test of the b/o level and then slicing below. A lot of forward progress was wiped out.
no reason to be involved in palladium until it clears those upper levels.
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Pillar of the Community
United States
606 Posts |
Only needs to go up $43 till I get my first coin.
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Pillar of the Community
Canada
746 Posts |
Thanks for the heads up, yup! I see, now, why patience and waiting for confirmation is very important. 
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Pillar of the Community
United States
606 Posts |
Agree. I got all excited when you were concerned there wouldn't be any to buy, especially when you mentioned making some coin.
Now I just sit and wait.
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Pillar of the Community
 United States
3789 Posts |
I too am waiting tho I am waiting to buy different vehicles to gain exposure to palladium. I dare say tho, buying at these price points would work the same in coin form.
I spend MOST of my trading time waiting and watching, so patience is key. However, the waiting does pay out handsomely, its almost as if the markets reward one for being patient and disciplined.
Tho the pull back and breaking out of the range is disappointing from a technical viewpoint, I am not surprised. I see this sort of thing all the time, where an asset looks promising, makes good progress, and then fizzles out. Thankfully tho, one escapes these things by having proper confirmation and there are countless other assets that do trigger and move.
Its also interesting how with the element of time, assets can go from setting up as being worthy of buying to worthy of selling short.
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Replies: 154 / Views: 31,263 |