What's going on with palladium?

Discussion in 'Bullion Investing' started by Brett_in_Sacto, Jan 4, 2019.

  1. Brett_in_Sacto

    Brett_in_Sacto Well-Known Member

    I'm genuinely curious. It's on a terror!!! It used to be under platinum and well under gold.

    Now palladium today is showing at 1300 an oz!

    New technology demands? Market shorts?

    Chinese and Russian hackers?

    Space Aliens? :android:
    Noah Finney likes this.
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  3. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Its the new Gold, dont you know ! , i saw a real spike right around the
    Time of the release of the U.S Palladium Eagle, now its soaring, just
    Alot of new investors out there looking for a place to put there money,
    Maybe one of the reasons.
    Noah Finney likes this.
  4. Santinidollar

    Santinidollar Supporter! Supporter

    It may be a bit premature to come to any long-term conclusions about palladium, considering the crazy volatility of virtually any investment market now. But it is interesting.
    Noah Finney likes this.
  5. Amos 811

    Amos 811 DisMember

    I read a report about a week ago, China developed a way to modify an ion in copper to make it behave like gold for electrical connections.
  6. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    I think it's the tail wagging the dog. The creation of the palladium eagle itself spiked demand for the metal.

    The same effect that keeps silver from collapsing to $5-$6 is pumping up palladium - sequestering metal in coins.
  7. myownprivy

    myownprivy Well-Known Member

    So, a, who has sold any palladium lately? And how close to spot were you paid for it?
  8. Larry Silver

    Larry Silver New Member

    I have a Palladium Eagle proof that I only purchased because of a morning email from one of the big dealers guaranteeing $200 bucks above purchase price...I was busy at work and didn’t get around to selling it to them that week, so I still have it. I like it, but I am thinking maybe I should consider selling it, since palladium is up and coin is still hot. Do you think I should get it graded and try for a 70? I’ve never sent a coin to be graded, so kind of intimidated about the process...
  9. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Maybe one of the reasons...LOL
  10. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Friends dont let friends grade "Bullion" , i would like to here a good
    Reason why, if anybody has one ?
  11. Sullysullinburg

    Sullysullinburg Well-Known Member

    If you submitted it early, got First Strike PF70DCAM, you could have gotten 3k on eBay. Not bad for maybe $1500 for the coin and grading.
  12. Brett_in_Sacto

    Brett_in_Sacto Well-Known Member

    I own a whopping 2 grams of palladium right now. I bought 5 grams a long time ago when I smelted the gold to make my wife's wedding ring.

    But I remember paying about $28 a gram for it - so I'm rich! :)
  13. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    But getting anything graded is just a "Crap Shoot" sometimes you win
    Almost all the time you lose !! its very subjective and you could have
    Two experts and they say completely different things, take from a
    Man of experience.
    Bob Evancho likes this.
  14. Sullysullinburg

    Sullysullinburg Well-Known Member

    Yeah but, in this case, it’s not really. 90.07% of those submitted to PCGS, got PF70DCAM. As for the First Strike part, just don’t open the box when the coin arrives and you’re set. I sold mine for $500 over issue, if I would have know this was an option, I would have sent mine in. Live and learn.
  15. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    If you didnt know, these are just "Buzz Words" TPG,S use to extract money
    From your wallet, First Day of issue, First Strike i mean come on, Really...LOL
  16. Sullysullinburg

    Sullysullinburg Well-Known Member

    Yes I do know. And the extracting money from your wallet is exactly what I should have done. It might be a bit more to get a special label, but if it mean more profit in the end...
  17. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I would say that you have a system there then :)
  18. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Palladium this morning $1,340 !! smoking Hot !!
  19. chascat

    chascat Well-Known Member

    I've got a 1987 Bermuda 1oz proof palladium OGP...I paid $1025.00 for it a few years back...Is there any premium over spot for these? This is one of the first palladium coins ever struck. It's at my "sell" threshold at $1300...any thoughts?
  20. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    Bunsen burner, huh?
  21. juris klavins

    juris klavins Well-Known Member

    Gold is the world's standard for precious metals - high liquidity, easily identified, easy to buy and sell - not so much for the other 'ium' metals - buy it by the kilo and save $$ :cool: - these prices are a few months old, but you get the idea... Valuable metal price (US$/kg)
    Beryllium 850
    Bismuth 18.19
    Gallium 413
    Germanium 1038
    Gold 43,764
    Indium 520
    Iridium 46,940[16]
    Mercury 15.95
    Osmium 12,217
    Palladium 32,205
    Platinum 28,960
    Rhenium 2,425
    Rhodium 77,804[15]
    Ruthenium 8,423[17]
    Silver 556
    Tellurium 158.70
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