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Buying Palladium?
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Johnny Football Offline
Robin
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Post: #1
Buying Palladium?
Curious to see your guys take on whether or not Palladium is a buy or sell with hopefully *knock on wood* an upcoming Euro Debt deal and that should send Gold rising I presume Palladium rising as well. Your Thoughts?
02-12-2012 09:47 PM
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vinman Offline
Hummingbird
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Post: #2
RE: Buying Palladium?
I stick with gold and silver because people know what it is. Palladium is virtually useless in a barter situation, because you have to tell people what palladium is.

"Feminism is a trade union for ugly women"- Peregrine
02-13-2012 11:30 AM
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PimpishMentality Offline
Pigeon

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Post: #3
RE: Buying Palladium?
I buy silver.

A member wrote a good post in regards to picking up precious metals at a discount through estate sales.

I'm going to look into that to pick up gold.

A hater hates you for 1 of 3 reasons. 1) They want to be you. 2) They hate themselves. 3) They see you as a threat.
02-13-2012 12:47 PM
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Viralata Offline
Sparrow

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Post: #4
RE: Buying Palladium?
Platinum and Palladium are industrial metals, besides their value as a wealth storage device. Most people use the metals everyday in their cars, they are in catalytic converters. Platinum and Palladium have been trading at historical lows in comparison to gold and there are great opportunities across the sector. There are lots of bargains, particularly in some of the exploration stocks. Another issue is that there are not a lot of new deposits coming online, so once the global economy picks up there will be a supply crunch. I am very bullish on the metals. A spread position across the sector is what I try for, with a spectrum of high to medium producers and higher risk exploration stocks.

This was just posted today: http://www.mining.com/2012/02/13/anglo-p...he-market/

This was from the other day: http://www.mineweb.com/mineweb/view/mine...&sn=Detail
(This post was last modified: 02-13-2012 03:53 PM by Viralata.)
02-13-2012 03:41 PM
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Johnny Football Offline
Robin
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Post: #5
RE: Buying Palladium?
(02-13-2012 11:30 AM)vinman Wrote:  I stick with gold and silver because people know what it is. Palladium is virtually useless in a barter situation, because you have to tell people what palladium is.

Had to explain it to someone today, see where your coming from ahaha.
02-14-2012 09:16 PM
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