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Bid @ $2,294 currently. If you owned palladium, when would you sell it?
jmski52
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I wasn't fortuitous enough to buy & hold onto much palladium, but if I had - I would be mulling over when to sell.
What are your thoughts? Please specify whether or not you own palladium or not. No doubt, there will be a time when we look back on this impressive runup and ponder what might have been.
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I knew it would happen.
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I'd dump it and buy gold.
Worry is the interest you pay on a debt you may not owe.
I'm only evaluating if it is the time to sell mine soon.
I'm watching the tea leaves go up and down. we'll see where they land.
and I fear the buy prices will be more like $100 back of bid, but who knows.
I was fortuitous enough to get a bit along with platinum.
I did part with a bit of it and my last to go would be the American eagles.
First to go is the Maples.
I had a single maple. I sold at a grand.
None now. If I had it, indeed I’d sell now!
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Why sell it when you can just send it to @BIGWEBB for free!!
It's all about what the people want...
apmex buy price tonight for a 1oz maple?
$2010
their website is asking $2490.19
kitco shows a buy price of $2225. selling at $2488
If I had ever owned any, I already would've sold it.
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All of my collection is in a safe deposit box!
I'm a seller at 2175.
Revised 2/13: I'm now a seller at $2225
Give Me Liberty or Give Me Debt
I just got $721 for a catalytic converter I scrapped off an old van. It was a gasoline engine so loaded with palladium!
It's all about what the people want...
I don't know... I have a 1 ounce 2018 Eagle / PCGS PR70 .. I'd hate to sell it and have this roller coaster ride go way up. On the flip side, if it tanks, this coin has some numismatic value too.. decisions, decisions...
Sold PD into the market, today. It's higher than its ever been.
Funny I was eyeballing an ounce worth of ms-70 pandas today.
The 7% premium turned me off a little, but the way PD is flying , I'll probably be able to get them for spot tommorrow (and pay the same amount of dollars)
It's all about what the people want...
look what happened to platinum, it was over 2,000 per ounce and now it's just over 1,000. the same thing will happen to palladium, it will sell off
Pd won't sell off as long as the supply is in deficit and Pt is in surplus. Pt can replace Pd as a catalyst, but it takes time to redesign and certify. At current prices, the amount of Pd in autos is not yet that prohibitive a cost that manufacturers are switching. They probably also see supply chain benefits in being able to source Pd from multiple countries to include Canada and US as opposed to the almost total dependence on South Africa for Pt. I was lucky enough to buy modest quantities of Pd at $500 and Rh at $1,100 and have been selling little by little as new highs are reached. Actually, more often than not I have been trading into Pt and Au which both seem to have a more limited downside risk at this point.
From CNBC:
Palladium rose 0.5% to $2,650.35 an ounce after hitting a record high of $2,841.54.
The autocatalyst metal gained 54% in 2019 on supply shortages and will remain in a substantial deficit in 2020 as well, Anglo American Platinum Ltd said.
“What we are seeing is likely some commodity traders loading up on the metal in anticipation of China’s door reopening,” said Daniel Ghali, commodity strategist at TD Securities.
“Once the coronavirus impact on logistics and supply chains dissipates, we anticipate that demand from China for palladium is going to come back very quickly which will further strengthen the metal’s demand.”