Palladium is higher than gold

dcarrdcarr Posts: 5,423 ✭✭✭✭✭

The price of palladium has just surpassed that of gold.
Carry on.

«13

Comments

  • MattTheRileyMattTheRiley Posts: 536 ✭✭✭✭

    @dcarr have you done a palladium piece yet?

  • ashelandasheland Posts: 12,963 ✭✭✭✭✭

    I've been watching it lately. Crazy stuff!

  • dcarrdcarr Posts: 5,423 ✭✭✭✭✭
    edited December 4, 2018 10:32AM

    @MattTheRiley said:
    @dcarr have you done a palladium piece yet?

    I have done some. When the US Mint first talked about doing a 1-oz Palladium in 2011 based on the Winged Liberty Head dime design (obverse) I did my own Winged Liberty Head 1-oz palladium in 2011 and 2012.

    I also did small 16mm (1/20-oz or 3-gram) palladium from 2012-2016 with Indian Head, Liberty Head, and Kneeling Prospector designs.

    Mintages are listed on this page (search it for all instances of "palladium"):
    moonlightmint.com/dc-coin_gold_list.htm

  • MsMorrisineMsMorrisine Posts: 22,703 ✭✭✭✭✭

    1 oz pd in celebration!
    can you make it lustrous... more so than gold? ;)

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • Timbuk3Timbuk3 Posts: 10,305 ✭✭✭✭✭

    That's nuts !!! :'(

    Timbuk3
  • derrybderryb Posts: 26,693 ✭✭✭✭✭

    Which one is a screaming buy?

    When exposing a crime is treated as committing a crime, you are being ruled by criminals.

  • rickoricko Posts: 65,891 ✭✭✭✭✭

    I will stick to silver and gold.... When it comes to liquidity, they cannot be beat. Cheers, RickO

  • thefinnthefinn Posts: 1,152 ✭✭✭✭✭

    It's the "bitcoin affect".

    thefinn
  • LukeMarshallLukeMarshall Posts: 668 ✭✭✭

    OH WOW!! of all the days... I've been expecting this one for weeks... very excited it just got here today check it out yall!
    The 1/20th oz Palladium Eagle / Prospector by Daniel Carr.

    Dan, you should totally do 'a night at the palladium' open house and counterstamp some Palladium Coins :smiley:
    anybody willing to strike over one of those nice new fancy US mint 1oz PD Eagles?

    this made my day/

    It's all about what the people want...

  • HemisphericalHemispherical Posts: 5,598 ✭✭✭✭✭

    @dcarr said:

    @MattTheRiley said:
    @dcarr have you done a palladium piece yet?

    I have done some. When the US Mint first talked about doing a 1-oz Palladium in 2011 based on the Winged Liberty Head dime design (obverse) I did my own Winged Liberty Head 1-oz palladium in 2011 and 2012.

    I also did small 16mm (1/20-oz or 3-gram) palladium from 2012-2016 with Indian Head, Liberty Head, and Kneeling Prospector designs.

    Mintages are listed on this page (search it for all instances of "palladium"):
    moonlightmint.com/dc-coin_gold_list.htm

    @dcarr
    How did it affect your die(s)?

    The article below indicates the US Mint had to change dies after about 375 coins.

    https://www.coinworld.com/news/us-coins/2018/09/palladium-takes-toll-on-coinage-dies.all.html

  • dcarrdcarr Posts: 5,423 ✭✭✭✭✭

    @Hemispherical said:

    @dcarr said:

    @MattTheRiley said:
    @dcarr have you done a palladium piece yet?

    I have done some. When the US Mint first talked about doing a 1-oz Palladium in 2011 based on the Winged Liberty Head dime design (obverse) I did my own Winged Liberty Head 1-oz palladium in 2011 and 2012.

    I also did small 16mm (1/20-oz or 3-gram) palladium from 2012-2016 with Indian Head, Liberty Head, and Kneeling Prospector designs.

    Mintages are listed on this page (search it for all instances of "palladium"):
    moonlightmint.com/dc-coin_gold_list.htm

    @dcarr
    How did it affect your die(s)?

    The article below indicates the US Mint had to change dies after about 375 coins.

    https://www.coinworld.com/news/us-coins/2018/09/palladium-takes-toll-on-coinage-dies.all.html

    Palladium is malleable, but rather hard. When striking with cameo proof-like dies I noticed that, very quickly, the frosted areas would become more shiny and the polished areas more satin. They would meet in the middle after only 20 strikes or so. By that I mean all cameo contrast would vanish very quickly. I never struck more than about 75 of any particular palladium coin. Most were less than 25.

  • HemisphericalHemispherical Posts: 5,598 ✭✭✭✭✭

    @dcarr

    Thanks. I am thinking this is why there was such a high premium for the proof Palladium coins.

  • TwoSides2aCoinTwoSides2aCoin Posts: 40,412 ✭✭✭✭✭

    It's rarer so it should be higher. We could say : "it's about time".

  • OverdateOverdate Posts: 6,289 ✭✭✭✭

    @TwoSides2aCoin said:
    It's rarer so it should be higher. We could say : "it's about time".

    So is platinum, which has recently fallen to below $800.

    My Adolph A. Weinman signature :)

  • TwoSides2aCoinTwoSides2aCoin Posts: 40,412 ✭✭✭✭✭

    @Overdate said:

    @TwoSides2aCoin said:
    It's rarer so it should be higher. We could say : "it's about time".

    So is platinum, which has recently fallen to below $800.

    So, as a play (not investment) it would seem a perfect time to start buying.

  • JimTylerJimTyler Posts: 352 ✭✭✭
    edited December 5, 2018 7:46AM

    When platinum got too high they substituted palladium now it will go the other way. Trees don't grow to the sky ( ya I know. I didn't make that up)

  • ashelandasheland Posts: 12,963 ✭✭✭✭✭
    edited December 5, 2018 8:27AM

    @LukeMarshall said:
    OH WOW!! of all the days... I've been expecting this one for weeks... very excited it just got here today check it out yall!
    The 1/20th oz Palladium Eagle / Prospector by Daniel Carr.

    Dan, you should totally do 'a night at the palladium' open house and counterstamp some Palladium Coins :smiley:
    anybody willing to strike over one of those nice new fancy US mint 1oz PD Eagles?

    this made my day/

    I have the silver version of that. :smiley:

  • OPAOPA Posts: 15,406 ✭✭✭✭✭

    That was only momentarily....Palladium back in it's place. B)

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • jmski52jmski52 Posts: 19,384 ✭✭✭✭✭

    Palladium down $51. That'll leave a mark.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • OverdateOverdate Posts: 6,289 ✭✭✭✭

    Gold/palladium gap now $61. That was fast!

    . . . and gold/platinum gap now $457!

    My Adolph A. Weinman signature :)

  • ashelandasheland Posts: 12,963 ✭✭✭✭✭

    They are volatile no doubt!

  • TwoSides2aCoinTwoSides2aCoin Posts: 40,412 ✭✭✭✭✭
    edited December 16, 2018 7:17AM

    "Was" ^ .....for a moment.

  • cohodkcohodk Posts: 15,431 ✭✭✭✭✭

    Backwardation can be a glorious, yet, short lived event.


    Excuses are tools of the ignorant
    Knowledge is the enemy of fear
  • metalmeistermetalmeister Posts: 3,663 ✭✭✭✭

    I read that it takes around 10 tons of hard Nickel ore to mine 1 oz. of Pd. Also South African mines output running lower as mine get deeper and deeper. Norlisk Nickel in Russia still the big player. GLTA

    email: [email protected]

    100% Positive BST transactions
  • WeissWeiss Posts: 8,010 ✭✭✭✭✭

    I had a small stack of palladium years ago when it was really cheap. Now I have exactly one ounce, and that's all I'm interested in.

    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • thefinnthefinn Posts: 1,152 ✭✭✭✭✭

    @TwoSides2aCoin said:
    It's rarer so it should be higher. We could say : "it's about time".

    What have we learned about Rarity vs. Value? They don't correlate. If you can tell the difference between Palladium, Platinum, Nickel and Titanium by sight, you could make a very good living.

    thefinn
  • dpooledpoole Posts: 5,177 ✭✭✭✭✭

    Supply and DEMAND...




    "The trouble with quotes on the Internet is you never know if they are true"--Abe Lincoln



    Here's a warning parable for coin collectors...



  • ashelandasheland Posts: 12,963 ✭✭✭✭✭

    @Weiss said:
    I had a small stack of palladium years ago when it was really cheap. Now I have exactly one ounce, and that's all I'm interested in.

    That's a nice looking Saint!

  • MsMorrisineMsMorrisine Posts: 22,703 ✭✭✭✭✭

    Palladium is higher than gold
    again

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • johnny9434johnny9434 Posts: 19,175 ✭✭✭✭✭

    like it was said ill stick with silver and gold for now, jmo

  • MsMorrisineMsMorrisine Posts: 22,703 ✭✭✭✭✭

    palladium up 34

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • OPAOPA Posts: 15,406 ✭✭✭✭✭

    @MsMorrisine said:
    palladium up 34

    up $60+ this AM

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • cohodkcohodk Posts: 15,431 ✭✭✭✭✭

    @OPA said:

    @MsMorrisine said:
    palladium up 34

    up $60+ this AM

    Gotta love backwardation. :)


    Excuses are tools of the ignorant
    Knowledge is the enemy of fear
  • MsMorrisineMsMorrisine Posts: 22,703 ✭✭✭✭✭

    @cohodk said:

    @OPA said:

    @MsMorrisine said:
    palladium up 34

    up $60+ this AM

    Gotta love backwardation. :)

    spot is +$47 right now at $1390

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MsMorrisineMsMorrisine Posts: 22,703 ✭✭✭✭✭

    still higher

    Pd is 1330

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MsMorrisineMsMorrisine Posts: 22,703 ✭✭✭✭✭

    pd is up 38 to 1341

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MsMorrisineMsMorrisine Posts: 22,703 ✭✭✭✭✭

    pd up again

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MsMorrisineMsMorrisine Posts: 22,703 ✭✭✭✭✭

    No party?

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • blitzdudeblitzdude Posts: 1,534 ✭✭✭✭✭

    Just hope you don't have to sell your pd. Good luck getting anywhere near spot. I'll stick with metals that I can actually find buyers and with much, much smaller spreads.

  • MsMorrisineMsMorrisine Posts: 22,703 ✭✭✭✭✭

    It goes up enough then the spread does not hurt as much.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • jmski52jmski52 Posts: 19,384 ✭✭✭✭✭

    It goes up enough then the spread does not hurt as much.

    That is what I've always told myself about every PM purchase, especially platinum - when it's going up. When it's going down, the decision has to center around the eventual liquidation and the time involved for the pricing to go full cycle.

    Every significant purchase gives me pause and cause for some more soul-searching - and it should.

    When practically any financial asset can be bought or sold at the tap of a button, it pays to have a plan and since you can't control it other than to shop around - let the buy-sell spread work itself out.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • MsMorrisineMsMorrisine Posts: 22,703 ✭✭✭✭✭

    Party like it's 1415

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • maplemanmapleman Posts: 587 ✭✭✭✭

    I'll stick with gold for now this PD bubble concerns me.

  • ashelandasheland Posts: 12,963 ✭✭✭✭✭

    Yet another record price today, over 1450!

  • HemisphericalHemispherical Posts: 5,598 ✭✭✭✭✭

    Why/what is the Pd issue? Any educated guesses?

  • VanHalenVanHalen Posts: 3,155 ✭✭✭✭

    @asheland said:
    Yet another record price today, over 1450!

    Three years ago it was $490.

  • MilesWaitsMilesWaits Posts: 3,176 ✭✭✭✭

    From CNBC, today:

    Meanwhile, palladium hit a record high of $1,449 an ounce and stayed in a broad $20 range in early trade. The metal was currently trading at $1,442 an ounce, up 0.7 percent.
    "In combination with supply-side issues, the (palladium) market is going to be in a sizeable deficit this year ... potential for better-than-expected demand from China will exacerbate that tightness," ANZ's Hynes added.
    Platinum inched 0.2 percent higher to $803.18 per ounce, having touched a near two-week high of $807 earlier in the session. Silver was little changed at $15.78.

    Waiting for the swell in PM's and surf.
  • HemisphericalHemispherical Posts: 5,598 ✭✭✭✭✭

    Palladium supply shortfall will worsen this year - Johnson Matthey

    By Peter Hobson

    LONDON, Feb 13 (Reuters) - A deficit in the palladium market that has driven prices of the autocatalyst metal to record highs will widen dramatically this year, specialist materials company Johnson Matthey said in a report on Wednesday.

    The company, a leading autocatalyst manufacturer, said the shortfall in the roughly 10 million ounce-a-year palladium market narrowed in 2018 to 29,000 ounces from 787,000 ounces in 2017, its widest in three years.

    But it said stricter emissions standards would increase demand for palladium for catalytic converters, and despite an increase in recycling, supply would struggle to keep up.

    “The rate of growth in secondary supplies is likely to be lower than in 2018, while primary shipments (of newly mined metal) are expected to be flat,” the report said.

    Palladium-backed exchange-traded funds (ETFs) would no longer be able to bridge the gap between supply and demand by returning metal to the market, it added.

    ETF holdings have fallen to around 750,000 ounces from more than 2.5 million ounces in 2015.

    Palladium prices have surged by around 70 percent in the last six months to record highs above $1,400 an ounce, while platinum, once the most expensive of the major precious metals, is stuck near 10-year lows around $800 an ounce.

    For platinum, Johnson Matthey said the roughly 8 million ounce-a-year market was oversupplied by 498,000 ounces last year, up from 176,000 ounces in 2017, and another surplus was expected this year.

    Platinum is also used chiefly in autocatalysts, as well as in industry and to make jewellery.

    It is used more in diesel engines, which have become less popular since Volkswagen was found have cheated emissions tests in 2015, pushing down platinum demand.

    Johnson Matthey said it expected that trend to reverse this year.

    “Autocatalyst consumption will stabilise and then begin to rise in due course, as stricter heavy duty vehicle emissions legislation is enforced in China and then India,” it said.

    Demand from industry, which has grown in recent years, would stay around last year’s levels in 2019, while consumption for jewellery would likely remain weak after several years of declines, it said, predicting that mine supply would remain flat and there would be a slight increase in recycling. (Reporting by Peter Hobson; Editing by Jan Harvey and David Evans)

    https://www.reuters.com/article/platinum-palladium-johnson-matthey/update-1-palladium-supply-shortfall-will-worsen-this-year-johnson-matthey-idUSL5N2084XX

  • MilesWaitsMilesWaits Posts: 3,176 ✭✭✭✭

    @VanHalen said:

    @asheland said:
    Yet another record price today, over 1450!

    Three years ago it was $490.

    Yeah, that’s when I was buying Palladium Maples thinking they would go nowhere but I dug their appearance.

    Waiting for the swell in PM's and surf.
  • cohodkcohodk Posts: 15,431 ✭✭✭✭✭

    @cohodk said:

    @OPA said:

    @MsMorrisine said:
    palladium up 34

    up $60+ this AM

    Gotta love backwardation. :)

    Still in backwardation.


    Excuses are tools of the ignorant
    Knowledge is the enemy of fear
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