Palladium Metal - Coin Community Forum

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Author	Replies: 9 / Views: 1,609
sharktoy Valued Member United States 129 Posts	Posted 10/16/2006 7:17 pm Has anyone watched palladium that last ten years. It really went up for awhile. It now has reached $26 over $300 in two weeks. Should we invest in this metal? Report this Post to the Staff

gxseries Pillar of the Community Australia 3831 Posts	Posted 10/16/2006 9:38 pm I'm sure I answered this post somewhere in the past before. You can rarely buy palladium coins in bullion prices, often at least 20% over bullion prices. Demand just outstrips supply. My partial coin collection http://www.omnicoin.com/collection/gxseries My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm Regularly updated at least once a month. Report this Post to the Staff
Sap Moderator Australia 16845 Posts	Posted 10/17/2006 05:35 am Palladium is, like platinum, a "utility metal" - demand is fuelled mainly by the chemical, industrial and technological usefulness of the metal, rather than by bullion trading. Palladium is especially useful in hydrogen-based chemical processes. So if you believe that the "hydrogen economy" is going to be the way of the future, then by all means stockpile the stuff. Australia briefly made palladium "bullion coins" - the Perth Mint 1 ounce "Emu". But Australia produces hardly any palladium - we had to import all the metal to make the coins. But they just weren't selling, so the series was discontinued in 1997 after only 3 years. I've yet to add palladium to my "periodic table of the elements collection". Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 10/17/2006 07:09 am To just answer your question, NO. That is unless you have a mine of your own for the stuff. Investing in anything that comes out of the ground to me is just to risky. At any time someone could find a massive amount of that metal and down goes the price. Report this Post to the Staff
crystalk64 Pillar Of The Community 3147 Posts	Posted 10/17/2006 07:52 am There is ONLY ONE Palladium mine in the U.S. and it is the purest Palladium in the world. The problem is, at this time, not getting your hands on the stuff but finding a buyer should the time come. Most coin dealers shy away because of a huge LACK of demand. The mine here in the U.S. has their own coins struck and will buy back in $500 increments only so herein lies a problem. I have one Palladium 1/10 ounce in my possession just because I liked the design and the metal is attractive. Until the U.S. actually makes Palladium bullion coins it will never been readily accepted here in the states. Thats my opinion regardless of its value. Report this Post to the Staff
sharktoy Valued Member United States 129 Posts	Posted 10/17/2006 07:58 am on ebay they have been selling $40 dollars over melt value. Report this Post to the Staff
gxseries Pillar of the Community Australia 3831 Posts	Posted 10/17/2006 10:36 am Here is a list of palladium coins minted worldwide: http://www.rene-finn.de/English/pal...mtabeng.html And I have two palladium coins, one in proof and unc. (I am sure I posted in this forum in the past) My partial coin collection http://www.omnicoin.com/collection/gxseries My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm Regularly updated at least once a month. Report this Post to the Staff
crystalk64 Pillar Of The Community 3147 Posts	Posted 10/17/2006 4:46 pm Personally I like the metal and color and would like to see the U.S. produce a bullion coin along side of the silver, gold and platinum. Palladium in my mind, would fill a void as the "poor mans" gold as the price would also fill a void between silver and gold. Platinum is so pricing that most average collectors can't afford the huge gamble by purchasing the metal and gold prices are out of range of many folks at the current levels so Palladium could fill that nitch but there is not much acceptance, at least in this area, of the metal. And, as I said, most dealers here won't touch the stuff and probably won't until the U.S. issues a bullion coin. Sure would like to see that happen but not holding my breath on this one! Report this Post to the Staff
gxseries Pillar of the Community Australia 3831 Posts	Posted 10/17/2006 8:19 pm Terry, have you not considered adding a let' say a 1/10 palladium Stillwater "coin" or rather token into your collection? My partial coin collection http://www.omnicoin.com/collection/gxseries My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm Regularly updated at least once a month. Report this Post to the Staff
crystalk64 Pillar Of The Community 3147 Posts	Posted 10/18/2006 07:49 am The one I have is from Stillwater! I like the design and would like to have it in a larger size but just haven't gotten around to it and as I said I would be pretty much stuck with it due to Stillwaters $500 buy back policy as local dealers probably would not touch it. Report this Post to the Staff
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