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Silver or Palladium

MPLunaticMPLunatic Posts: 617 ✭✭
in Precious Metals
I have the opportunity to purchase either 20 ounces of silver or 1 ounce of palladium for the same price. What is the better buy?

Comments

  • PerryHallPerryHall Posts: 46,231 ✭✭✭✭✭
    Silver. If you every needed some cash for an emergency, the silver would be easier to sell. Also, the buy sell spread is narrower for silver.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • SLQSLQ Posts: 311 ✭✭


    << <i>I have the opportunity to purchase either 20 ounces of silver or 1 ounce of palladium for the same price. What is the better buy? >>



    Depending on the price, maybe neither. What is the price, and in what form are the metals?
  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    Hard to say. I would suggest buying a little of both. Silver is a known commodity and lots of people hoard it. Palladium is very rare but largely used in industry and has less of a history and base of people hoarding it than silver. Palladium has, at least in the last 10 years, seen much greater price swings than silver, and it's more of a speculative play. I would say Pd has more upside potential right now, because it's closer to its 10-year lows than silver.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • ProofCollectionProofCollection Posts: 6,252 ✭✭✭✭✭
    Depends on how much of each you already have and the premiums.
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