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n/a
deleted
478 Posts |
 Posted - 01/02/2007 : 17:48:14
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Just wondering if anyone is buying Canadian MAple Leaf Palladium coins. They are in the Platinum group of metals and are used in many of the same ways platinum is. You can get 3 of them for around $1000 plus. Opinions appreciated.
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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
Posted - 01/02/2007 : 18:40:14
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Buying Palladium is one way to play the Platinum market.
While Palladium may not have as much value in a post WTSHTF world, it still has value in an inflationary economic world of today. As prices of everything goes up, so to will the price of Palladium.
I myself might be willing to buy a little palladium if I could find a dealer near me selling such coins.
Good diversification idea, Cupronickle. |
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n/a
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479 Posts |
Posted - 01/02/2007 : 18:50:16
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My opinion is not worth much, but here it is anyway since you asked for it.
I think that there is a need for coins in a post SHTF scenario.
I think there is room for investing in commodities based on scarcity.
I think it is hard to decide which of these should get our attention and investments.
I think Platinum and Palladium and Rhodium, etc. are not easily recognized as such.
Investing in them for their commodity value may make sense, but as money, I don't think they are necessary.
Gold is recognized as money.
Silver is recognized as money.
Gold is currently worth 48 times as much as Silver.
There are 14.5838 troy ounces in one Avoudupois pound.
Copper currently sells for $2.77 per pound.
2.77 / 14.58 = about 19 cents per troy ounce for copper.
Silver is at 13.11 and copper is at 0.19
13.11 / 0.19 = 69
So Gold is worth about 50 times as much as silver, and Silver is worth about 70 times as much as Copper.
These ratios will change, but they are ballpark figures that people could use if they wanted to use metal as money.
.................................................
A billiard ball dropped from 1,362 feet (height of the South Tower) in a
vacuum would require 9.22 seconds to hit the ground. How then did the
towers collapse in 10 seconds and 11.4 seconds, and why has not one
member of the mainstream media insisted on honest answers from the
government in this regard?
"The individual is handicapped by coming face to face with a conspiracy
so monstrous [that] he cannot believe it exists."
- J. Edgar Hoover |
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n/a
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478 Posts |
Posted - 01/02/2007 : 20:33:00
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Try this outfit for a Palladium source. They sell Canadian Maple Leaf one ounce pure palladium coins. The only thing that concerns me about Palladium is the spread between buy/sell seems to be large.
You must be logged in to see this link.
quote:
Originally posted by pencilvanian
Buying Palladium is one way to play the Platinum market.
While Palladium may not have as much value in a post WTSHTF world, it still has value in an inflationary economic world of today. As prices of everything goes up, so to will the price of Palladium.
I myself might be willing to buy a little palladium if I could find a dealer near me selling such coins.
Good diversification idea, Cupronickle.
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Edited by - n/a on 01/02/2007 20:34:47 |
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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
Posted - 01/03/2007 : 16:58:50
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Thanks for the information, Cupronickle.
The buy/sell spread isn't too bad (about 10% difference). When you consider some coin/metal dealers will sell silver for $15 and buy for twenty five cents below spot(17.5% spread), you soon learn that there are worse buy/sell spreads than this.
A dealer has to make a living on the spread in order to stay in business, so we can't fault them too much. |
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Anyone Buying PALLADIUM?
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