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Should we need the UHR palladium coin?
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<p>[QUOTE="Conder101, post: 563948, member: 66"]No we don't need it. </p><p><br /></p><p>Frankly the bill negates its own stated reason for existing. Is says "in order to provide an economic way of investing in precious metals" Lets see bars can be bought at a few % over spot. A numismatic coin you can probably expect at least 30% over spot (see the gold UHR) This is an economic way to invest in a precious metal? And then they limit the mintage to 15,000. If they are talking about investing in the METAL why such a low mintage? And it requires all the palladium o come from domesticly mined metal. We only produce 900K oz of palladium per year. We CONSUME 3.2 million oz per year. All this bill would do is require industry to buy an additional 15,000 oz of palladium per year overseas, mainly from Russia since they produce most of it.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 563948, member: 66"]No we don't need it. Frankly the bill negates its own stated reason for existing. Is says "in order to provide an economic way of investing in precious metals" Lets see bars can be bought at a few % over spot. A numismatic coin you can probably expect at least 30% over spot (see the gold UHR) This is an economic way to invest in a precious metal? And then they limit the mintage to 15,000. If they are talking about investing in the METAL why such a low mintage? And it requires all the palladium o come from domesticly mined metal. We only produce 900K oz of palladium per year. We CONSUME 3.2 million oz per year. All this bill would do is require industry to buy an additional 15,000 oz of palladium per year overseas, mainly from Russia since they produce most of it.[/QUOTE]
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Should we need the UHR palladium coin?
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