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 Replies: 12 / Views: 1,500 |
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Valued Member
United States
384 Posts |
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Pillar of the Community
United States
648 Posts |
 like it ( full disclosure I do have couple stillwater mine shares ) lol  |
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Pillar of the Community
United States
931 Posts |
I will definitely buy the first one I can lay my hands on. That is history!
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Pillar of the Community
United States
3670 Posts |
I will get one figuring Palladium is still relatively cheap....
I would like to have like an oz. of the big 3 P,P and G, and a 100 oz. of silver, that would be a nice little versatile pm stash.....
Edited by Silverhawk74
06/22/2011 1:05 pm
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Pillar of the Community
United States
3670 Posts |
I read through there, and did not really absorb the planned size or sizes, and I did see it said $25 dollar piece?
I think I would like it broke up into quarters perhaps....
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Valued Member
 United States
384 Posts |
I don't know the weight, but I would guess an ounce.
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Pillar of the Community
United States
4008 Posts |
I find it somewhat bizarre that the government must "study" this idea before implementing it. After all, are they not already producing gold, platinum, and silver coins successfully? Is not palladium a collectible precious metal that people already want and buy in various forms? Is not Canada already producing and selling palladium coins successfully? Yes, yes, and yes. I guess that some folks just cannot take 3 "yes"s for an answer. Having that 4th "yes" will make it ever so much better!  |
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Pillar of the Community
United States
3670 Posts |
Just another good way to waste weak tax dollars Ed....
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Pillar of the Community
United States
648 Posts |
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Is not Canada already producing and selling palladium coins successfully? Yes Ed-B Stillwater did have coins minted very nice "Lewis and Clark" round very rare now, high demand.  |
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Pillar of the Community
United States
4008 Posts |
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Just another good way to waste weak tax dollars Ed.... No doubt, Hawk... and I am sure that some congress critter's brother-in-law is getting fat off of doing these useless studies. We see the same thing here locally with various projects like bridges. They study it to death. By the time they are done studying a project, the study is out of date and pretty much useless. These 2-3 year mega-buck study projects cannot keep up with faster changes in the demographics and economics of the situation. BAH! on studies for the most part. Most people will recognize a need or a good idea when they see it. Same for a bad one. We do not need to study whether or not hitting our thumbs with hammers is a good idea. Much of this is not only obvious, it is blatantly obvious. Perhaps this is the crux of the problem... to the morons in government, such things may well not be obvious.  |
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Pillar of the Community
United States
4008 Posts |
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Stillwater did have coins minted very nice "Lewis and Clark" round very rare now, high demand. - Tokenmast Yes, I seem to remember seeing those for sale on SilverTowne's web site some months ago. I didn't buy any then but I should have!  |
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Pillar of the Community
United States
4132 Posts |
They'll make a tidy profit on the coins, so it won't be wasted money in the end.
They do have to do research before they can implement the program; find out how many they can practically mint, figure out how the physical characteristics of palladium will affect their minting process, what it will cost, see how big the market is, get competitive bids on suppliers, etc. Sure, there are people that want them, but how many? What happens if they mint a million but can only sell 50k?
They're gonna get accused of wasting money no matter what they do. If they do a study, it's a pointless study. If they don't do a study, they'll get blamed for not doing the research when the project implodes.
No private company would release a new product without doing market research, unless they wanted to bankrupt themselves by guessing wrong on a turkey.
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Pillar of the Community
United States
4008 Posts |
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No private company would release a new product without doing market research, unless they wanted to bankrupt themselves by guessing wrong on a turkey. True. But look at the extent of the effort required when entering a completely new endeavor vs. an extension of something that they are already doing. In this case, Pd sells for about 1/2 of the price of gold. Using that AND the numbers of Au, Pt, and Ag coins that are sold, they could make a 1st class guesstimate of the number of coins needed. If they are wrong, it isn't the end of the world. They can modify their production next year and in the 2-3 years after that to zero in on a more precise target. If the coins do not sell for some strange reason, all they need do is announce that this is the ONLY YEAR of production for them and then jump backwards so as to not be trampled in the rush to buy them. I agree that the equipment would have to be tested with Pd, although it should be similar enough to Pt that any changes needed would likely be of the minimal adjustment type. |
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Replies: 12 / Views: 1,500 |
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Posted 06/22/2011 11:20 am
