I am just thinking out loud here, but why is it we become so enamored with "investing" in silver, gold, and to a lesser degree platinum, but we pretty much just ignore the metal that has performed light years better than any of those listed above over the past couple of years? Silver is down over 50% since the peak; gold is down over 40% and good old palladium just keeps chugging right along. How come it gets so little attention? It seems if we had any smarts at all, that is what we should be buying. Is anybody out there actually buying it and just keeping it a secret?
I think it's mainly because palladium is primarily an industrial metal. Also, not many mints embrace it. Lastly, there are large spreads to acquire it. However, everybody should own a little palladium. With growing economies and increased government regulations of emissions, it may be a good bet.
I do own some palladium coins. The metal value just goes all over the place. World mints that struck palladium coins found them as a curse as the value of palladium goes up - the harder they found it to sell them. Ironically many years down the road due to their low mintage, many of them are worth more than the issue price. Palladium in brilliant uncirculated, proof life and proof condition all look different and if you compare various metals side by side, palladium has a more grey color to it compared to silver and platinum. BU - strong grey color Proof like - semi dark grey Proof I believe in reality, collectors that own palladium coins only sell them if they really had to or palladium prices are on the higher side.
Buy low, sell high. If anything I'd be moving palladium into silver at this point. Palladium isnt too far off its all time high of $800, not the time to buy in my opinion, but then again you never know.
Palladium's all time high is not 800 dollars. During 2000, Ford blew a billion dollars on palladium due to supply concerns (during this time, Russia dominated the palladium supply market) and EPA regulation on stricter emissions. Turns out to be a really bad gamble. If you happen to be an investor, you would demanded someone's head over this. More information can read here: http://online.wsj.com/news/articles/SB1012944717336886240
I avoid it because Palladium was the name of a local club back when I actually left the house. I did not have good times there.
Thanks for the info, my mistake for posting bad info, I think I had only looked at a 10 year chart in the past and must of assumed it hadn't been higher in the past. Well you know what they say about assumptions. Looks like Palladiums all time high was more like $1100 or so around the turn of the century.
Too much history with gold & silver. Whether or not one believes in the Bible.....Most will agree that it`s an old book at the very least, and that said, when gold & silver are both mentioned in Genesis as having value......I`m sorry......Palladium has some catching up to do as far as its reputation/history go. Never going to happen in my humble opinion.
I agree with GXSeries. I don't like the metal much because I personally find it ugly. It reminds me of nickel or other industrial metals. The appeal to me for silver is how bright and lustrous it is, gold is heavy and an unusual color, while platinum is heavy and pleasant looking. Palladium? I might as well own stainless steel scrap. Its simply not attractive, and also two degrees removed from "precious metal" status historically. Historically silver and gold were precious, then platinum some. Palladium to me is a real stretch whether it is in fact a precious metal at all. I would vote no.
I too had very little interest in investing in Palladium prior to this post. Reading up to this point, it has not changed. :>(
I'm new to this, but what about Rhodium? Some of the badges we sell, or can special order at my shop are plated in rhodium. I looked it up, and found that it is a precious metal. I read on the golden eagle site that it has been as high as 10k an oz. Does it fluctuate much in value? If not, I guess folks wouldn't invest in it.
This should answer your question about fluctuation, whether or not it is a good investment I couldn't say, small market
That spike in the graph must have been when I bought and sold my only share of Rhodium :>) Who says one person can't make a difference?
The future for platinum, palldium and Rhodium depend highly on the demand for metal based catalytic converters for petroleum based engines. In the last few years, especially as PM reaches highs , the push for non PM based CC came into scientific research. Here is just the latest I have heard of, but there are plenty more in the development pathway. http://www.google.com/url?sa=t&rct=...=b_BbPG90ocuk3mMuZKo8WA&bvm=bv.57967247,d.cGU Rhodium will continue to be in demand for cladding white gold and silver jewelry objects for resistantcy to tarnish and rub.
