How do you all feel about how bullion did in January? Gold and Silver Fall in January as Palladium Soars; U.S. Mint Bullion Sales Jump Link to the article
Don’t call palladium values soaring it’s over all value has dropped substantially over the course of the last few months as it was well over $3,000 an once now it’s $2,300 so big decline.
That was my first reaction, too -- but it has just erased all its losses since last September. Will it go up for a while longer, or sink again? Who knows?
What I've learned in the last 40+ years regarding bullion prices is that tomorrow it may go up, may go down or may stay the same.
yeah, was thinking of pulling the trigger on palladium back when it was over $3,000 though it may have made some gains back, if the trigger was pulled I would now have a empty gun…LOL
I only have a one tenth ounce palladium round. If i had the money i would buy more.I think once the chip shortage levels out that palladium will take off again, theres also the conflict with Russia that will push it up.I just wish the U.S. Mint would produce smaller ounce rounds besides the expensive 1 ounce ones.
Yeah, it would be nice if they made the same sizes for gold, but I think the issue there is popularity and volatility, like my mother in law massive mood swings...LOL
In the 1970s and early 1980s I worked as a custom jeweler. I would buy palladium settings because they were about a third of the price of white gold ones. I should have laid in a stockpile.
I keep thinking about all those class-ring alloys that were made with palladium because it was so much cheaper than gold or platinum. There have to be a bunch of those floating around.