Opinions on Platinum, Palladium, Copper, Rhodium, etc....

Its had to find how people feel about these since they aren't the big 2. Where do you think they can go? All fell today.

Just looking for general opinions on the future of them.

 

Log in or Sign up to hide this ad.

I like copper. Not because of potential, but because I think it's pretty. I'm not talkin old pennies and such, I mean new, shiny copper rounds and bars. I've only got a few of them, but I like them a lot. Also, they are SUPER cheap. I got 5 rounds for 2.50 each that I saw on ebay going for at least 5 dollars.

 

would you mind throwing a picture up? i'd like to see that.

 

I just ordered them the other day and haven't got them in the mail yet. I pulled this image off google images. I got one of each. The one in the center is the reverse on all of them. The picture isn't very good. If I get mine soon I'll put up some better ones.

http://tinyurl.com/3j2rvo8

 

nice! how many pounds are those each? (i think copper is measured in pounds correct?)

 

I think that copper futures are getting very attractive for a long term ( say October or Jan2012) trade. With the world events, sooner or later, copper products will be need for infrastructure and manufacturing. Things are gloomy right now with earning reports and thoughts that world economies are going to be depressed and usage of copper minimized. However, you won't find much participation from copper rounds or bars, as the premium one pays is extremely high.Copper between 4.00 and 4.10 would be a buying range for me.

Jim

Jim

 

How would you purchase? Large bars?

 

These rounds are just one OZ each, but copper usually is measured in pounds as far as I know. 16 OZ's to a pound. If copper is 4.10 a pound like Desertgem says, these rounds are about 25 cents melt value. Not much of an investment at this time, but still really pretty.

 

The cost to transport, store, etc such a volume would be too great. I have used "JJC" on the exchange twice before on cycles, buying in the 4.20 or so and selling in the 4.50 or 4.60 range. The stock is levered about 13.3 times, so a .30 increase in copper would be about $4.00 increase in the stock. The stock may not fit your needs and tax situation, so read carefully before you call your broker. Yahoo Finance can give you better details. IMO. copper is 4.188 at the moment.

Jim

 

opinions on the other PM's mentioned?

 

o

As to the others mentioned, they do have industrial and jewelry uses and will have days in the sun of their own, but I would stick to gold at this time rather than them, IMO.

Jim

 

For investment purposes I would stay with gold and silver. As you can tell by my name I believe palladium will take off to the moon one day simply because of its potential in wind energy storage (and has a chance at being something even greater simply because it can hold 900x its own weight in hydrogen). It is a gambling metal.. and so unless you are convinced it is going somewhere I would stay away from it, regardless of its potential. My 1 oz. Palladium Maple Leaf is my favorite coin of all. Rhodium bullion is extremely hard to find even though I have seen it. I would stay away from it. At one point it was worth over $10,000 an oz. but it quickly fell. At this point platinum is very high risk and I would stay away from it as well. In the industrial world palladium has much more potential than platinum does.

Right now silver is the way to go. Sprinkle some gold in if you ever get the chance.