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10:17 PM

whats your toughts on palladium?I might invest in palladium but i know very little about this metal.

all i know is that Russia produces 40-50% of the worlds palladium.

car company's might switch back to palladium from platinum in there converts since they both are similar. to save money which could push palladium up and platinum down.

i also heard they make jewelry out of palladium in china

help me better understand palladium investing.

I much prefer silver, lead and mercury.

Palladium is already used in the catalytic converters, along with Platnum and Rhodium . Auto companies use approximately half of the supply (per wiki) .

If I remember correctly it is also mixed with platinum to make it softer. I was buying it when the "auto crisis" hit and it dropped to 161 per oz. If the US ever starts the production of the American Eagles in palladium I would buy a couple. As of now Canada and I do believe China produces Maples Leafs and Pandas in Palladium but it is still higher than it was before the "auto crisis"

04:17 AM

whats your toughts on palladium?I might invest in palladium but i know very little about this metal.

all i know is that Russia produces 40-50% of the worlds palladium.

car company's might switch back to palladium from platinum in there converts since they both are similar. to save money which could push palladium up and platinum down.

i also heard they make jewelry out of palladium in china

help me better understand palladium investing.

The offerings are scant, just look how few products a big online bullion dealer like APMEX have for sale, when compared to the other metals. There's not a lot of awareness about palladium in a coined-sense as there's not been many denominated palladium coins available for a wider range of investors and collectors. Basically you have Canada and China who have denominated palladium coins available. While you may buy rounds and bars, the supply of government denominated and backed palladium is low and those bars and rounds are more or less exotic to many investors, if simply just out of reach for most to be investing in large bars of this precious metal.

If the U.S. ever manages to follow through on adding a new denominated coin to the American Eagle series, I think you will start to see many of the biggest world mints ramp up awareness and marketing campaigns to begin selling these metals. Only then will new products emerge, along with interest from investors and collectors following suit. The U.S. Mint must by law deliver a report to Congress about minting palladium coins by 12/2012. We will know more after that point how the program may fair, but we will not see such coins anytime soon, perhaps not until the tail end of 2013 or beyond.

Here's a thread on CT that has been used for gathering various bits of news and reports on the
American Eagle Palladium Bullion Coin Act

For the OP: As you are doing, keep studying about palladium before you sink any financial commitment into it.

Watch the other metals as well and note the near price equivalence that platinum has been maintaining with gold in the last couple of months. For the last couple of years palladium was looking very, very over priced and that's when a lot of buzz about that metal started to fester, hence we saw more and more the emergence of an Eagle coin idea. If it's profitable for the U.S. Mint (and others) to develop such precious metals coins and supply can be obtained consistently with blanks providers able to meet demand, such factors will also contribute to the availability of palladium coins.

If I recall correctly, Palladium used to be used for currency in Russia, which makes sense if they produce as much as you say. Still, to me this does not constitute a monetary metal, because what you make your money out of is not the same as what you store as collateral for your currency. So I am not a fan of palladium for investment because I do not consider it a monetary metal. Also it is quite expensive and has a dull look. Silver is much more visually appealing, as if that matters. One cool thing about palladium is that it is combustible if you shave it off in small pieces. Still, I'm sticking to 99% silver, 0.8% gold, and 0.2% platinum.

[QUOTE=krispy;1391801] Basically you have Canada and China who have denominated palladium coins available.

i live in canada =)

05:51 AM

[QUOTE=djsmalls;1391809] Basically you have Canada and China who have denominated palladium coins available.

i live in canada =)

I understand that you can buy precious metals via ScotiaBank - ScotiaMocatta. While that site quotes several PM prices, I don't explicitly see palladium maples offered in their coin products list. They do have a signature bar in palladium though if that's your thing. Maybe you can give them a call and make some inquiries about palladium products.

Here's another suggstion for buying bullion in Canada: BMG

[QUOTE=krispy;1391811]
I understand that you can buy precious metals via ScotiaBank - ScotiaMocatta. While that site quotes several PM prices, I don't explicitly see palladium maples offered in their coin products list. They do have a signature bar in palladium though if that's your thing. Maybe you can give them a call and make some inquiries about palladium products.

Here's another suggstion for buying bullion in Canada: BMG

i rather buy from my coin store, the banks charge extra for shipping, and you have to wright a report on it when u buy and sell it.

[QUOTE=djsmalls;1391812]

i rather buy from my coin store, the banks charge extra for shipping, and you have to wright a report on it when u buy and sell it.

Does your coin dealer mark up the bullion they sell? Where do they get it for resale and is it less than the banks? Does your coin shop have palladium?

[QUOTE=krispy;1391813]

Does your coin dealer mark up the bullion they sell? Where do they get it for resale and is it less than the banks? Does your coin shop have palladium?

theyre about 5-6 different coin store here in london ontario, they buy it for spot off people and they charge the normal premium over the coins. the coins store is alot better then the banks because
1) you can get your hands on it right away and not have to wait weeks to get to you by an armored trunk that you pay extra for.
2)no paper work and don't have to report to then on profits when selling.

[QUOTE=djsmalls;1391814]

theyre about 5-6 different coin store here in london ontario, they buy it for spot off people and they charge the normal premium over the coins. the coins store is alot better then the banks because
1) you can get your hands on it right away and not have to wait weeks to get to you by an armored trunk that you pay extra for.
2)no paper work and don't have to report to then on profits when selling.

But per the inquiry of this thread and my other question, do your coin shops sell palladium?

If you can't get palladium from a coin shop (your chosen venue) and it entails the extra fees as you mentioned banks charge for delivery, then palladium may not be worth the investment for you at this time.

If you can't get palladium from a coin shop (your chosen venue) and it entails the extra fees as you mentioned banks charge for delivery, then palladium may not be worth the investment for you at this time.

yea i can get any kind of metal at my the coin store!
i live in canada i can get gold, silver, platium, palladium, nickel, all kinds of 9999 fine bullion.

yea i can get any kind of metal at my the coin store!
i live in canada i can get gold, silver, platium, palladium, nickel, all kinds of 9999 fine bullion.

Well, then my next question, how do you coin shops rates actually compare to the banks for palladium? And are these shops selling denominated maples, or pandas or do they sell private mint bars, rounds and/or bank barks. I think you have to compare what the local dealer is selling and for what prices compared to what other sources offer. Put all that together, watch the markets for the metal in question and decide if it's worth your financial commitment to put money down on that specific metal.

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Friday, March 9, 2012

palladium investing

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