Does anyone here invest in palladium, and if so do you think more people will start investing in it when the times are too expensive to buy gold or platinum?:stormy:
I've traded the etf (PALL) but I don't own any coins or bars. People will start investing in Pd when it gets more exposure and it gets marketed.
I don't as of yet, but will if the U. S. Mint produces a palladium coin. The only countries I know of that have produced palladium coins are Canada, Russia and the Isle of Man. There are bars available, but I would rather have a coin. To answer your question, I do think there would be a good amount of interest in palladium if our Mint releases a coin made of that metal, regardless of what the prices of gold and platinum are. Also, rumor has it the supply of palladium in the world is declining rather quickly. Here's a Russian coin:http://www.providentmetals.com/1-oz-palladium-ballerina-russian-25-rouble-999-fine-coin.html
Yes you can find the russian Ballerina coins in a few place for about 10% premium over spot they are not that rare but it is shame it is lackluster compared to silver or gold variant. While googling i found a list of palladium coins not sure how comprehensive it is http://www.rene-finn.de/English/palladiumtabeng.html
I personally think investing in bars is better because when you decide to sell it you're just selling a bar and not a nice coin.
I suspect the uhr US $25 coin will set this metal on fire when it is finally released. Hopefully this year. I bought a few Stillwater bars, Canadian Maple Leafs and a Bermuda "Sea Venture" coin. All of the white metals will always be wildly volatile. Every day about a zillion new uses are found for palladium in industry and at the same time lots of research is always being done trying to figure out how to run a process without it. A few years ago when car companies switched from platinum to palladium as the primary catalyst metal, palladium ran up from 200 to 1100. btw, Ford Motor lost over a billion dollars in one quarter betting the wrong way on palladium prices when that happened. I like the white metals--ag, pd, pt, because they get consumed and industry is always on the verge of a shortage. Gold mostly gets hoarded and the hoard is getting bigger and bigger. When everyone heads for the door at the same time, look out below.
I like palladium mainly since I know a board designer and he said with the huge push for eliminating lead, palladium usage in computer boards are going up across the spectrum. I might be looking at buying a few coins.
Speculating on basis that metal might become rarer is very risque for example there is even catalytic converters in the pipeline that use silver, if prices go up free market always find alternative for the specific metal. Also for these industrial metals to go up, economy especially emerging markets needs to grow rapidly if there is world wide economic slowdown the white metals will get hammered as we seen with prices recently. So unlike with gold the prices will swing a lot more depending a lot on factors like economy, industrial innovation etc.
I want to like palladium, but I have a hard time doing so. The premiums tend to be pretty high. It doesn't really have any industrial use besides catalytic converters and is not a monetary metal like gold and silver. I saw a coin at a show once, and the luster was a bit of a disappointment as well. I would like to have some just to have some, but not for any large investment. Silver is so much cheaper, way more neat coin designs, great luster, more useful and practical for bartering. I just don't see palladium stealing any of its thunder.
