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haven_seeker · 13 March 2020, 10:53 AM

Anyone into Palladium (the actual metal - not anything weird that might also be named such) heavily?

It's tanked 30% in about two weeks.

I always wanted a coin (going back a couple years) but the price kept steadily rising.

I kept thinking...I'll just wait til it dips a bit.

Gold is still holding strong.

thedak · 13 March 2020, 11:19 AM

It's hard to move Palladium.

Even 1oz Platinum Eagles only will get spot most of the time.

MILGAUSS88 · 13 March 2020, 01:31 PM

I bought some at $180 an ounce and just sold the last of it at $1500 an ounce.

I bought some some stock in Stillwater mining as well. Cost averaged at $10/ share. it got bought out at $16/share, when palladium was at $800/ ounce.
It was the only palladium mine in the USA.

I should have bought North American Palladium (from Canada) after that. I thought the same mine company might want to buy it out. But I had a hard time buying into a company that has never made money. It went from $2/ share to $16/share before it got bought out.

I think you see the trend here. The South African mining company bought up most of its competition and drove the price up. (Russia is one of the larger producers. I do not know if the mines there have been bought out.)

So, I think the +$800 palladium has been artificially pumped up by the remaining mining company. Palladium is mostly an industrial metal as well. So, with the corona virus, I am sure it has taken a huge hit. Even though it is controlled by a monopoly now.

A jeweler, I know, said it is a horrible metal to work with. He describe it as working with a plastc grocery bag. It has no malleability it just kind of pulls apart.

MILGAUSS88 · 13 March 2020, 01:36 PM

I would by platinum before I would buy palladium at this point.
It's current price makes no sense to me.
Historically it has sold for twice what gold and palladium has sold for.
I believe it is interchangeable with palladium for the catalytic converters, I do not understand why they have not converted back to it. It looks like it just took a 13% hit today as well.

MILGAUSS88 · 13 March 2020, 01:38 PM

When I sold my palladium bullion I got $75 and $100 under spot. And a lot of coin dealers or jewelers would not buy it. So, it is very difficult to sell.

Sporkmaker · 13 March 2020, 04:51 PM

I recently sold some. Local coin dealers lowballed me or refused to discuss price over the phone but I was able to get a decent offer near spot from APMEX.

enjoythemusic · 14 March 2020, 01:06 AM

PAL has been inflated in price for some time, while the far more rare PLAT has been priced below gold for some time, which is surprising.

imho PAL pricing seems distorted higher for some time so i'd avoid buying for now. Gold and silver are starting to look attractive imho, yet waiting is prudent as there will be a time to buy soon enough as banksters, central banks, etc sell off anything they can get 'cash' for during this market turmoil.

ALL of these metals are easy to liquidate.

haven_seeker · 14 March 2020, 07:03 AM

I’m trying to time a PLAT buy.

The pricing is very good right now.

pjaffe · 15 March 2020, 04:31 AM

How about some Rhodium?

avidflyer · 15 March 2020, 04:44 AM

What timing, the cnbc metal guys say buy silver. Something about the silver gold index all time low. (how much silver you can get for ounce of gold)

thedak · 15 March 2020, 07:36 AM

Quote:

Originally Posted by avidflyer

(how much silver you can get for ounce of gold)

too much....

MILGAUSS88 · 15 March 2020, 12:50 PM

Quote:

Originally Posted by haven_seeker

I’m trying to time a PLAT buy.

The pricing is very good right now.

I would start buying right now. Maybe cost average over the next few months, if you are going to hold it for a while.

MILGAUSS88 · 15 March 2020, 12:54 PM

Quote:

Originally Posted by pjaffe

How about some Rhodium?

I wouldn't touch that. It just dropped $2,700/ an ounce in the last few days.

And at $9,800/ounce it still has a long way to drop. It was sub $600/ ounce just 4 years ago.

EEpro · 15 March 2020, 12:55 PM

Quote:

Originally Posted by thedak

It's hard to move Palladium.

Even 1oz Platinum Eagles only will get spot most of the time.

Those are industrial metals. Only gold is money with a multi-thousand year history to back that up.

haven_seeker · 15 March 2020, 01:45 PM

Quote:

Originally Posted by MILGAUSS88

I would start buying right now. Maybe cost average over the next few months, if you are going to hold it for a while.

My Canadian source sold out early this morning.

MILGAUSS88 · 15 March 2020, 03:10 PM

Quote:

Originally Posted by haven_seeker

My Canadian source sold out early this morning.

I would use an ETF if I had to do it over again.
Don't have to worry about selling under spot to a coin dealer then.

pjaffe · 16 March 2020, 07:12 AM

Quote:

Originally Posted by MILGAUSS88

I wouldn't touch that. It just dropped $2,700/ an ounce in the last few days.

And at $9,800/ounce it still has a long way to drop. It was sub $600/ ounce just 4 years ago.

Yea my post was mostly in jest. It's unreal how much Rhodium has skyrocketed lately. I imagine liquidity is pretty thin on it as well, not many people buying/selling.

MILGAUSS88 · 16 March 2020, 08:03 AM

Quote:

Originally Posted by pjaffe

Yea my post was mostly in jest. It's unreal how much Rhodium has skyrocketed lately. I imagine liquidity is pretty thin on it as well, not many people buying/selling.

I thought about buying some when it dipped below $600, but, until recently, you could only buy it in powder form.
You would get a plastic container that looked like a pill bottle with a seal on it. As far as you knew there could have been talcum powder in it.
If you broke the seal the refiner would have to refine it again at a considerable cost. What a nightmare.

The only recently created a bullion coin.

Proof Morgan · 16 March 2020, 11:58 AM

Sold 12 oz to Kitco last Tuesday for $2,350 an oz.. I think spot at the time was around $2500. Still not bad for me considering my cost average was $383 an oz. Now that I see it tanking I wish I sold more but I'm grateful that I was able to sell some while it was still pretty high.

haven_seeker · 18 March 2020, 12:06 PM

I finally got to purchase some platinum!!

A couple coins.

haven_seeker · 22 March 2020, 01:21 PM

Anyone else stocking up?

thedak · 22 March 2020, 02:15 PM

Quote:

Originally Posted by haven_seeker

Anyone else stocking up?

EEpro · 23 March 2020, 11:15 AM

Quote:

Originally Posted by thedak

No, I only do that when the prices are high typically.

Presa canary · 23 March 2020, 11:41 AM

Quote:

Originally Posted by thedak

Where did you find those if you don’t mind sharing?

thedak · 24 March 2020, 04:53 AM

Quote:

Originally Posted by Presa canary

Where did you find those if you don’t mind sharing?

Just digging out and seeing what I already have.

EEpro · 24 March 2020, 07:57 AM

Silver.com has eagles but they are $8.49 premium. Normally they are $2.49 premium.

haven_seeker · 24 March 2020, 08:06 AM

Quote:

Originally Posted by EEpro

Silver.com has eagles but they are $8.49 premium. Normally they are $2.49 premium.

Silver premiums up here are STUPID right now.

Almost 25% over spot on 100oz bars.

EEpro · 24 March 2020, 08:11 AM

Quote:

Originally Posted by haven_seeker

Silver premiums up here are STUPID right now.

Almost 25% over spot on 100oz bars.

Crazy considering wholesale buyback is $25 under on a bar like that.

thedak · 24 March 2020, 11:44 AM

Silver on the move.

Back over 14

EEpro · 25 March 2020, 07:11 AM

https://www.zerohedge.com/commoditie...idity-problems

13 March 2020, 10:53 AM	#1
haven_seeker "TRF" Member Join Date: May 2015 Location: Northern Ontario Watch: 19018N OQ Posts: 848	Price of Palladium Anyone into Palladium (the actual metal - not anything weird that might also be named such) heavily? It's tanked 30% in about two weeks. I always wanted a coin (going back a couple years) but the price kept steadily rising. I kept thinking...I'll just wait til it dips a bit. Gold is still holding strong.

14 March 2020, 01:06 AM	#7
enjoythemusic 2024 Pledge Member Join Date: Nov 2012 Real Name: Steven Location: Glocal Posts: 19,405	PAL has been inflated in price for some time, while the far more rare PLAT has been priced below gold for some time, which is surprising. imho PAL pricing seems distorted higher for some time so i'd avoid buying for now. Gold and silver are starting to look attractive imho, yet waiting is prudent as there will be a time to buy soon enough as banksters, central banks, etc sell off anything they can get 'cash' for during this market turmoil. ALL of these metals are easy to liquidate. __________________ __________________ “Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming 'Wow! What a Ride!'” -- Hunter S. Thompson Sent from my Etch A Sketch using String Theory.

24 March 2020, 07:57 AM	#26
EEpro 2024 Pledge Member Join Date: Apr 2019 Real Name: Brad Location: Purdue Watch: Daytona Posts: 9,084	Silver.com has eagles but they are $8.49 premium. Normally they are $2.49 premium. __________________ ♛ ✠ Ω 2FA Active

25 March 2020, 07:11 AM	#30
EEpro 2024 Pledge Member Join Date: Apr 2019 Real Name: Brad Location: Purdue Watch: Daytona Posts: 9,084	https://www.zerohedge.com/commoditie...idity-problems __________________ ♛ ✠ Ω 2FA Active

13 March 2020, 11:19 AM	#2
thedak "TRF" Member Join Date: Jun 2016 Location: Pittsburgh, PA Posts: 1,588	It's hard to move Palladium. Even 1oz Platinum Eagles only will get spot most of the time.

13 March 2020, 01:31 PM	#3
MILGAUSS88 "TRF" Member Join Date: Jun 2014 Location: mississippi river Posts: 2,940	I bought some at $180 an ounce and just sold the last of it at $1500 an ounce. I bought some some stock in Stillwater mining as well. Cost averaged at $10/ share. it got bought out at $16/share, when palladium was at $800/ ounce. It was the only palladium mine in the USA. I should have bought North American Palladium (from Canada) after that. I thought the same mine company might want to buy it out. But I had a hard time buying into a company that has never made money. It went from $2/ share to $16/share before it got bought out. I think you see the trend here. The South African mining company bought up most of its competition and drove the price up. (Russia is one of the larger producers. I do not know if the mines there have been bought out.) So, I think the +$800 palladium has been artificially pumped up by the remaining mining company. Palladium is mostly an industrial metal as well. So, with the corona virus, I am sure it has taken a huge hit. Even though it is controlled by a monopoly now. A jeweler, I know, said it is a horrible metal to work with. He describe it as working with a plastc grocery bag. It has no malleability it just kind of pulls apart.

13 March 2020, 01:36 PM	#4
MILGAUSS88 "TRF" Member Join Date: Jun 2014 Location: mississippi river Posts: 2,940	I would by platinum before I would buy palladium at this point. It's current price makes no sense to me. Historically it has sold for twice what gold and palladium has sold for. I believe it is interchangeable with palladium for the catalytic converters, I do not understand why they have not converted back to it. It looks like it just took a 13% hit today as well.

13 March 2020, 01:38 PM	#5
MILGAUSS88 "TRF" Member Join Date: Jun 2014 Location: mississippi river Posts: 2,940	When I sold my palladium bullion I got $75 and $100 under spot. And a lot of coin dealers or jewelers would not buy it. So, it is very difficult to sell.

13 March 2020, 04:51 PM	#6
Sporkmaker "TRF" Member Join Date: Dec 2017 Location: Isleton CA Watch: peripherally Posts: 111	I recently sold some. Local coin dealers lowballed me or refused to discuss price over the phone but I was able to get a decent offer near spot from APMEX.

14 March 2020, 07:03 AM	#8
haven_seeker "TRF" Member Join Date: May 2015 Location: Northern Ontario Watch: 19018N OQ Posts: 848	I’m trying to time a PLAT buy. The pricing is very good right now.

15 March 2020, 04:31 AM	#9
pjaffe "TRF" Member Join Date: May 2016 Location: atlanta Posts: 159	How about some Rhodium?

15 March 2020, 04:44 AM	#10
avidflyer 2024 ROLEX DATEJUST41 Pledge Member Join Date: Nov 2010 Location: In the air Posts: 678	What timing, the cnbc metal guys say buy silver. Something about the silver gold index all time low. (how much silver you can get for ounce of gold)

16 March 2020, 11:58 AM	#19
Proof Morgan "TRF" Member Join Date: Jul 2010 Location: Naples, FL Watch: VC Overseas 7900V Posts: 77	Sold 12 oz to Kitco last Tuesday for $2,350 an oz.. I think spot at the time was around $2500. Still not bad for me considering my cost average was $383 an oz. Now that I see it tanking I wish I sold more but I'm grateful that I was able to sell some while it was still pretty high.

18 March 2020, 12:06 PM	#20
haven_seeker "TRF" Member Join Date: May 2015 Location: Northern Ontario Watch: 19018N OQ Posts: 848	I finally got to purchase some platinum!! A couple coins.

22 March 2020, 01:21 PM	#21
haven_seeker "TRF" Member Join Date: May 2015 Location: Northern Ontario Watch: 19018N OQ Posts: 848	Anyone else stocking up?

24 March 2020, 11:44 AM	#29
thedak "TRF" Member Join Date: Jun 2016 Location: Pittsburgh, PA Posts: 1,588	Silver on the move. Back over 14

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