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 Replies: 10 / Views: 2,064 |
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Pillar of the Community
United States
3670 Posts |
Looks like the redheaded stepchild in the the platinum family is taking a real dive as of late, now threatening to drop below 600 an oz. Makes me think buying window. Does anyone have any real sound evidence to suggest it to recover nicely perhaps in anywhere from 6 months to a few years from now, or has it seen its peak never to return? Never say never, I always say. What goes up must come down, but the same remains true on the other end of the spectrum, what is down eventually must go back up again... http://www.providentmetals.com/bull...-suisse.htmlJust over 650 bucks for an oz. of Palladium is not too bad, and if it falls down to about 575 spot, you may be able to get that bar for right at 600 shipping an all.... Where will Palladium go from here, who knows flip a coin eh..... Edited by Silverhawk74
01/08/2012 02:48 am
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Rest in Peace
United States
9104 Posts |
Since Pd is used for them Cadillac converters, the low Pt prices don't help the Pd price.
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Valued Member
United States
421 Posts |
A good time to buy was like 4 years ago when it was sitting at $209.00 an oz. A buddy of mine got in then and it dipped a little bit but he had a feeling he said it was going to go up. I am not sure how much gas is in the tank for PD.
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Pillar of the Community
 United States
3670 Posts |
Yes when looking at 200 for a buy in window, compared to 650 big difference. But the cat is long out of the bag on Palladium, as that was years ago, before I ever considered getting into Pm's....
Now then, big question is will we ever see that kind of pull back to 200 again, in which case buying now would be disastrous. If it did dip that low, then that would indeed be the time to buy in, if one is patient enough....
However, if 650 is the bottom for Palladium via the ol crystal ball for the next two years, and is destine to double in price within five, then yeah it would be a great buy. But then if we had a crystal ball to look into, or even better a sports almanac from the future like the punk in the back to the future movies, we would not need to speculate on any of this, lol....
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Valued Member
United States
89 Posts |
Always wanted to buy some ballerina Palladium coins issued by Russia but could never get them at the right price. Only palladium coin in my collection is white gold coin Isle of Man coin.
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Pillar of the Community
United States
4008 Posts |
Palladium is an industrial metal, for the most part, and is used as a catalyst in the petro-chem, automotive, and waste clean-up industries. Yes, it is down in price at the moment but it was only a few months ago when it dipped below $600 an oz. The most recent price drop is not the biggest one in the past 6 or so months. Whether or not one would buy now or soon all depends on your evaluation of the above industries and how you think they will do in the coming months and years. It is quite possible that they will do well and the Pd price will rise. If they do not, though, then the PD price could either slide sideways or fall over the coming months. My guess is that Pd prices will rise some in 2012 as business improves going into the fall elections. That has happened fairly often in the past but that doesn't guarantee it will happen again this time. Lots of things are different now than what has happened before. While I find both Pt and Pd interesting, I prefer to buy silver.
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Valued Member
United States
410 Posts |
As Ed_B noted, one of the primary uses of palladium is in catalyst for the auto industry. Keep in mind that the US and Europe play a much smaller roll in this area than in the recent past. China is the number one automotive market, Brazil is #4, India in #6, and Russia is #8. These are the countries that will drive demand for cars and as such drive demand for palladium.
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Bedrock of the Community
Australia
21786 Posts |
A coin shop in Sydney currently has a set of World's first palladiun coins (1967), issued by the Kingdom of Tonga:
Hau, KM 25,
Half Hau KM 23,
Quarter Hau KM 21.
Total APW 3.5267 ounces.
Mintage 1500
Uncirculated finish, in presentation box.
Edge inscribed 'Historically the First Palladiun Coinage'
Their price AUD $2,300.
'If my memory serves me correctly', this is the second set since original issue that I have seen.
I wonder if these coins will end up in catalytic converters? (I'll keep the box!)
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Pillar of the Community
United States
3670 Posts |
That seems like a great set Sel, and if my weak math is any where correct, that is right around spot price for just over 3.5 oz.....
You thinking about adding it to your collection?
And Ed, I must have had my gold blinders on back when Palladium dipped under 600 about 6 months back, great call as I did not know that....
Edited by Silverhawk74
01/09/2012 12:59 am
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Valued Member
United States
487 Posts |
Watch a video on Kitco from one of their analysts, he said that he is bullish when it comes to Palladium. Due to a depleting stock pile from a major producer namely Russia.
I can't recall the speculators name put the video was broadcast say 3 - 4 weeks ago, I am sure that you can go to the Kitco website and sift through their video archive to find it.
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Bedrock of the Community
Australia
21786 Posts |
Slverhawk74: Not thinking of adding it to my collection.....
Would you believe that I am not a bullion man (or NCLT for that matter), my first love is ancients!, although I am not really a specialist in any area of numismatics.
Nevertheless, I agree that it would make an excellent introduction for an investor into either bullion or NCLT. There would be a tendency to keep, rather than trade a set such as this.
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Replies: 10 / Views: 2,064 |
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Posted 01/08/2012 02:44 am
