Palladium.

[latinomanz69]

Hello,

Is Palladium investment worth it?

Thanks.

[JimmyStack]

i think so... supply is crazy low right now... even the US mint is not making the 2018 palladium bullion coin due to metal shortage... I got lucky and snagged one of the 15000 2018 proof palladium eagles before they sold out in 5 minutes and its price is almost double from what i bought it at a month ago... but... this is largely hype and the prices should come back down i imagine... so some "collector palladium coins" are a fair investment in my opinion and the bullion seems to be doing well against gold/silver...it never hurts to diversify your metal stack

 

p.s.  if this ramble doesn't make sense... you can blame Bombay Sapphire... 

[latinomanz69]

56 minutes ago, JimmyStack said:

i think so... supply is crazy low right now... even the US mint is not making the 2018 palladium bullion coin due to metal shortage... I got lucky and snagged one of the 15000 2018 proof palladium eagles before they sold out in 5 minutes and its price is almost double from what i bought it at a month ago... but... this is largely hype and the prices should come back down i imagine... so some "collector palladium coins" are a fair investment in my opinion and the bullion seems to be doing well against gold/silver...it never hurts to diversify your metal stack

 

p.s.  if this ramble doesn't make sense... you can blame Bombay Sapphire... 

Oh ok, I am going to wait for a price drop then, maybe 890 an ounce.

[Lowlow]

I know zip about Palladium.

 

I'm not sure I've ever even held an ounce of Palladium in my hand before.

[latinomanz69]

I guess the main focus should be gold, then platinum, then silver and the palladium.

[Lowlow]

13 hours ago, latinomanz69 said:

I guess the main focus should be gold, then platinum, then silver and the palladium.

Or even silver, gold, platinum, and then palladium.

[latinomanz69]

The problem with silver is that it takes too much space since it is cheap, with 1400 you can buy 3kg (6.2lbs) of silver or an ounce of gold, so I normally buy silver after I am done buying all the others with the little money I have left, I buy silver.

[Lowlow]

2 minutes ago, latinomanz69 said:

The problem with silver is that it takes too much space since it is cheap, with 1400 you can buy 3kg (6.2lbs) of silver or an ounce of gold, so I normally buy silver after I am done buying all the others with the little money I have left, I buy silver.

First world problems.

I have old VHS tapes that take up more space.

[latinomanz69]

Also the weight, if you want to ship them to Provident or Apmex, you have to pay more, that is why silver for me is fine but it is what I buy after I have bought everything else.

[Coolsmp]

Palladium overtook gold for the first time in 20 years to become the most precious metal investment. It has gained nearly £240 per oz in the past year alone is it worth investing in??? 🔳

[Blackcab]

Yes palladium has shot past gold but I wonder how easy would it be to sell palladium as compared to easily selling off gold or silver ?

[5huggy]

22 minutes ago, Blackcab said:

Yes palladium has shot past gold but I wonder how easy would it be to sell palladium as compared to easily selling off gold or silver ?

Yep - Gold and silver will always be the most recognised PM's and ergo more "tradeable" under ANY circumstances

[AuricGoldfinger]

Im sure someone would buy it! Up 240 per oz isn’t something to be sniffed at!

[KDave]

Impossible to know if a good buy or not because fundamentals matter nothing in short term, platinum does the job better than palladium in nearly all applications but the price does not reflect. It could keep going but you are chasing highs, that is prime average investor strategy. Palladium was a good buy back end of 2015. 

[latinomanz69]

I would say, it is WORTH it but gold should be your main focus, but why buy it now? wait for a price drop, right now you would be buying at its peak, wait for the price to be less than 1100 or at least less than 1150, at least, I am going to wait until it is less than 1100, in the mean time, I can invest in platinum and gold.

[KDave]

If crypto taught me anything it was buy high sell low looks like Palladium is where I should be next 

[latinomanz69]

12 hours ago, KDave said:

If crypto taught me anything it was buy high sell low looks like Palladium is where I should be next 

Buy high and sell low or you mean buy low and sell high?

[KDave]

7 hours ago, latinomanz69 said:

Buy high and sell low or you mean buy low and sell high?

Sorry I was having a jest. Banter. There were a lot of new investors in the crypto market at the end, and many bought high and 'hodl' all the way down before finally selling. I am comparing where palladium is now and peoples enthusiasm to that situation, fairly or unfairly we will see.  

[MancunianStacker]

Silver looks cheap at the moment compared to Gold!

[vand]

Last time the Plat:Pal ratio hit these levels it proved a terrible time to favour Palladium over Platinum:

http://www.infomine.com/investment/price-ratios/platinum-palladium/all/

[adamantio999]

I bought 1 ounce bar some months ago, when it was not at its peak, and hopefully it will prove a good investment

[latinomanz69]

Right now platinum is a bit low and it closed the week low, gold and palladium are high compared to what they were a months ago, so I am going to buy some more platinum and keep and eye on the gold and palladium.

[intelinside]

9 hours ago, latinomanz69 said:

Right now platinum is a bit low and it closed the week low, gold and palladium are high compared to what they were a months ago, so I am going to buy some more platinum and keep and eye on the gold and palladium.

So are you buying platinum now?  How about silver?  Do you wait for a certain number Gold-Platinum ratio before u buy?

[latinomanz69]

1 hour ago, intelinside said:

So are you buying platinum now?  How about silver?  Do you wait for a certain number Gold-Platinum ratio before u buy?

I just look at the spot prices whenever I have some money to buy and then I buy as close as I can to the spot. For now for gold I am not buying when it is higher than 1187, for platinum I am not buy when the spot price is higher than 776 and for silver I am not buying if the spot price is higher than 14.07 and palladium i dont buy if it is higher than 1050, so I have been watching them and silver and platinum and palladium seem to be high right now for me, I think it is better to focus on platinum this week since last Friday it closed low so I am going to wait to see if the price lowers during the week, usually Tuesday to Thursday are the cheapest day to buy and Friday it is usually the highest, I have found that overall it is lowest on Tuesdays but I have found the best deals and done all my purchases on a Thursday.

[latinomanz69]

1 hour ago, intelinside said:

So are you buying platinum now?  How about silver?  Do you wait for a certain number Gold-Platinum ratio before u buy?

I usually buy gold first if the price is right, if not or after I buy gold, I buy platinum, then palladium and then I buy silver with the bit of money I have left since it is cheap.