seems like palladium is at a low. Has anyone had any experience with investing/owning this and have had a success? Even if you had a bar or an ounce, where would people sell this for the profit?
I've looked at palladium coins on Ebay but concluded that they sell at premiums that are generally too high for what is basically a bullion coin. The designs aren't compelling either, so I decided not to buy any.
If you bought palladium when it was below $200 an ounce (6 months ago) you could turn a profit by selling it now. I have watched the palladium price for a while, and I think it will do well; especially with the new palladium maple leaves. JMHO, Charlie
You do not see it around that often but L&C coins had some a while back and it went fast (so fast that I missed out).
Speaking of palladium, the only country that has minted so many palladium coins is Russia, yet you don't see too many of them around. Why? Because everyone is hoarding them. A Soviet ballerina 1 ounce proof coin still goes over 500USD when you see one. As the Canadian and Chinese mint is back minting palladium coins this year, they might set the prices lower.
Ballerina palladium coins were affordable at one stage until there is a crazy fad for Russian coins. Fortunately I bought them before they went to current insane current prices, or actually, near unobtainable for some palladium coins. You probably can see them on the bay once every two weeks or more often on the German ebay. Note how palladium proof and uncirculated looks entirely different.
GXSeries: I thought Canada had done Pallidium maple leaves here reently? I may have be mistaken what I saw at the dealers tho. I do rememerb they didnt have the same luster as platinum or silver tho. Not oneof my favorite means of coins.
There are indications that the Canadian mint has minted palladium coins and bullions for other nations, which I have to verify, but yes, it is true that Canadians started to mint it recently. Afterall it makes no sense why a major palladium exporter is not making it's own bullion coins. Indeed, the finish of the Canadian maple leaf is too disappointing, but I believe it is to avoid some sort of "odd" reflectivity for Brilliant Uncirculated, which you can see in my palladium 5 ruble coin. Here is a list of palladium coins minted: http://www.rene-finn.de/English/palladiumtabeng.html Obviously, Russia has minted way too much palladium coins.
Hey Speedy, its been awhile, huh ---------------------------------------------------------------------------------------------- So do you guys believe palladium can come out to be a good investment either short term or long? I know of a couple of places to buy 1 ounce bars for about $350 i think, but I havent seen a coin in a very long time
Palladium coins are intriguing to me. I need to research this a bit, but as I recall, palladium is one of the platinum -group metals; platinum, irridium, osmium, and palladium. Does it not have industrial uses in catalytic converters? If it has industrial uses, and especially in environmental applications, I would assume that the price will continue to grow because, unlike gold, demand for platinum-group metals is not dependent upon the capriciousness of coin collectors and hoarders. I wonder if palladium coins would be a reasonable commodity investment? Need to investigate a bit.
http://kitco.com/charts/livepalladium.html check it out... it does have industrial use but can easily be replaced if the demand is too high
It's difficult to say if there are any decent replacement for palladium if prices go too high. Palladium's unusual properties is what makes them very desirable in catalyst and actually second best after platinum. If you didn't know, if you have HP printer cartridges, they use a fraction of gold-palladium plating on the header. Price-wise, it's hard to say how the price will head. If you take a look at the price in 2000, prices at that time hit a momumental $1000+ oz. The main reason was because there was a fear that palladium would soon run out thanks to the Russian mints claiming that they could not find any more, and you have major car companies, especially Ford, dashing out to buy all palladium stocks available. Prices only deflated when South Africa single handly took over the palladium industry and people started to mass sell.
That is kind of what I was thinking. Platinum-group metals are pretty rare. Russia has a significant reserve, but geologically the stuff is rare. Wait until China and India decide to worry about air pollution! Demand for P-G catalysts ought to jump big-time. This coins look very interesting. Pretty also. I wish I had some extra money. In the Sierra Nevada, there is a fair bit of platinum-group metals in black sands associated with gold recovery in alluvium mined for construction aggregate material. It is almost a curiosity. Also, during the gold rush of (circa 1849-1889) California, miners sometimes found gem quality diamonds in their gold sluices around my place. The little town of Diamond Springs was named for the diamonds discovered in the so-called "blue lead" (lead as in leading the blind). It was the base of a large Tertiary (40 mybp) channel in the Sierra Foothills wherte I live. One miner found a thumb-sized gem-quality (di-pyramidal) diamond in his sluice. He apparently set it on the bank until after the shift, then hit it with a hammer because he did not know what it was. Rough diamonds are fairly non-descriptive. I would recognize one if I found it!!!
The other problem with palladium is that once the internal combustion powered verhicles are replaced, then it will lose it's main function. No more need for palladium in catalytic converters would seriously diminish its value.
From my initial research on palladium, it would seem that right now a lot of research is going into how to replace the platinum in catalytic converters with palladium because it is so much cheaper. But to keep the topic on coins, I really find the look of the palladium Maple to be quite appealing. It's very unique.
Yes, but in a vehicle that doesn't have (or need) a catalytical converter there wouldn't be any platinum or palladium, thus my point. With the rising expense of fossil fuels I think it is only a matter of time before there is a reasonable alternative to the gasoline consuming automobile.
