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 Replies: 27 / Views: 2,863 |
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Pillar of the Community
United States
4008 Posts |
Quote:
Actually, I have a one ounce Pt bullion coin. When it is set against a pure Ag bullion coin, there is an obvious difference. Sure, to someone who owns both and can easily compare them right next to each other. Many people could not distinguish between them, though, if they were to see them separately. As you say, the metal type and weight is usually stamped on the coin. The good thing about a palladium coin is that anyone not wanting one is 100% free not to buy one. Those who would like to own one, several, or many of them are free to do that as well. Having more choices is usually a good thing.  |
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Valued Member
United States
200 Posts |
Never bought palladium, restricted to gold and silver. Am thinking of buying platinum though, just to have something new.
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Valued Member
United States
456 Posts |
Quote:
The good thing about a palladium coin is that anyone not wanting one is 100% free not to buy one. Those who would like to own one, several, or many of them are free to do that as well. Having more choices is usually a good thing. Great point! I think it would be great if the U.S. started minting full oz and fractional Pd like they do Pt. The potential industrial applications for these metals are definitely keeping them on my radar. |
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Pillar of the Community
United States
4008 Posts |
Has the US mint continued to produce Pt coins, Crow? I see pics of them on the PM seller web sites I visit but never see a date after 2008.  |
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Bedrock of the Community
13014 Posts |
They do still produce PT coins, at least the 1 ounce anyway as the new 2012 is on the mint site set for release next week.
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Pillar of the Community
United Kingdom
2624 Posts |
I have a single one ounce coin made of palladium... it is attractive enough but I won't be heavily investing in the stuff so I voted neutral.
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Valued Member
United States
456 Posts |
As basebal21 said, they still produce the 1 oz, but it doesn't look like any fractionals have been made since 2008.
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Pillar of the Community
Canada
3692 Posts |
My biggest concern is over liquidity. I don't think most places would give you its full value. It's just not in heavy investor demand (I don't think). The one and only time I had the money or inclination to buy one from my "place" they didn't have any. And my "place" is pretty huge in this business so that tells me something about the demand it doesn't get. They hold platinum whenever they can grab it, but palladium is just rare to see there. (My Two Cents.) It's just putting your money to sleep, in my opinion. It's meant to be used in industry, not lying around above ground without any proper use. |
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Pillar of the Community
United States
1391 Posts |
I've seen the Palladium Bullion that Russia produced a time or two at my local store. It always goes fast. Usually not there the next day. I don't know if there is that much demand for it or if people buy it because of the novelty.
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Valued Member
United States
456 Posts |
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It's just putting your money to sleep, in my opinion. It's meant to be used in industry, not lying around above ground without any proper use. Doesn't the same reasoning apply to platinum? To me, that is what makes Pd and Pt precious and worth holding. As someone who plans to buy and hold for 10's of years, it's hard for me to imagine a world where these metals aren't in high demand. |
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Bedrock of the Community
13014 Posts |
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Doesn't the same reasoning apply to platinum? And silver. Thats pretty much what the definition of a precious metal is. The demand helps drive its value. Its like the difference between oil and natural gas. 1 is almost 100 dollars a barrel while the other is 2 bucks because no one needs that much of it yet. Personally the industrial demand of palladium just makes it more appealing. |
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Pillar of the Community
United States
4008 Posts |
Speaking of nat gas... the USA has a HUGE supply of this fuel and it is possible to compress the stuff into a liquid (LNG) and use it to fuel our cars and trucks. We're missing a HUGE bet by not doing this, especially in the cities.
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Bedrock of the Community
13014 Posts |
Agreed. NG cars should be what were working on not electric cars which would just require more coal to be burned
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Valued Member
United States
456 Posts |
Ed, does that have more potential than converting the methane (NG) to longer chain hydrocarbons?
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Pillar of the Community
United States
4008 Posts |
Quote:
Ed, does that have more potential than converting the methane (NG) to longer chain hydrocarbons? I think so. The additional processing, probably via the Fischer-Tropsch process, requires energy and time to create the longer chain hydrocarbons. Nat gas burns very cleanly, so is environmentally friendly and efficient. |
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Posted 08/30/2012 7:10 pm
