bullion investment

crzybob77

I have a some money here and there in your usual bullion (silver, gold, platinum). But, now I am seeing palladium around. I honestly know just about nothing about the whole palladium thing. Anyway, just a little advice about it and what the market is doing and might do in the future, i would appriciate it.

RedTiger

Palladium 5-year-chart looks terrible:


Might be a good buy at $200 for long term investment. If you already have gold, silver and platinum, I don't see much reason to mess with something you know next to nothing about. It might go up, might go down, but "invest in what you know," is a good cliche for those reading along.

For current quotes: Kitco Metals

quarterguy

The chart says it all.... BUY

fishcooker

My advice would be that before buying anything, first consider how you'd sell it.

LickThoseStamps

<< <i>My advice would be that before buying anything, first consider how you'd sell it. >>



Uh ... eBay?

Jdurg

Palladium is one of the more volatile of the Platinum Group Metals. Just a short while ago, the automobile companies began to stock up on palladium metal for use in catalytic converters. This caused palladium to shoot right through the roof in price as they purchased virtually all that was available. Much of the supply at the time was coming from Russia, and Russia decided to cut back on the amount of palladium that they were producing/reporting. As a result, the price of Pd continued to climb. Suddenly, the automobile companies quit purchasing such large quantities and Russia "found" a new supply of Pd. When this happened, Pd plummetted once again in price. Recently, research into using hydrogen as a fuel has caused palladium to become more attractive which has been a strong reason for its increase in price. The problem is that much of the supply comes from Russia which has been notorious for not exactly reporting how much they can produce each year. Therefore, you really can't tell if a sudden rise in price is due to lack of supply and high demand, or high demand and refusal to produce more of it.