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Palladium over $300.
Weiss
Posts: 9,935 ✭✭✭✭✭
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
--Severian the Lame
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Weiss
Posts: 9,935 ✭✭✭✭✭
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Nice bars, Weiss!
I knew it would happen.
Worry is the interest you pay on a debt you may not owe.
Pd is used in Jewelery and many other things.
Palladium Uses
Autocatalysts
Softer than platinum, ductile and resistant to oxidation and high temperature corrosion, palladium is useful in eliminating harmful emissions produced by internal combustion engines. Autocatalysts are by far the largest user of palladium; autocatalysts convert over 90 percent of hydrocarbons, carbon monoxide and oxides of nitrogen produced in the exhaust from gasoline engines into carbon dioxide, nitrogen and water vapor. More about autocatalysts.
Electronics
Palladium has a number of electronic applications. For example, palladium’s chemical stability and electrical conductivity make it an effective and durable alternative to gold for plating in electronic components. More about electronic uses.
Dentistry
Palladium-based alloys are used in dentistry for dental crowns and bridges. And palladium metal is also compatible with human tissue and is used, in a radioactive form, in the medical industry for the treatment of cancer. More about dental uses.
Jewelry
Palladium is lighter than platinum having about the same density as silver, thus, palladium is a jewelry metal as well. Palladium in jewelry is primarily used as an alloy with platinum to optimize platinum’s working characteristics and wear properties. Palladium is also used as an alloy in producing white gold. More about jewelry uses.
Chemical
Palladium is an important part of the refining of nitric acid, and has important uses in developing raw materials for synthetic rubber and nylon. More about chemical uses.
Fuel Cells
Palladium-based alloys are actively being researched for applications in fuel cell technology, an area of future promise for the metal. More about fuel cell uses.
Coinage
Palladium is an attractive metal for coinage purposes. Northwest Territorial Mint is actively minting both bullion coins for the bullion market, as well as custom coins from this attractive and precious metal. More about coinage uses.
Oil Refining
Palladium and other PGM metals serve important functions in catalytic reactions that are used in various stages in the refining of petroleum. More about petroleum refining.
Polyester
Palladium is a critical catalyst in the manufacture of polyester. Read a first hand account about the development of that critical step.
Photography
Palladium and platinum are both used in an historic photographic printing process that many consider superior to conventional silver in tonal quality and archival longevity. More about palladium printing.
Water Treatment
Palladium is a unique and important catalyst being studied for use in removing a number of toxic and carcinogenic substances from groundwater. More about water treatment.
Hydrogen Purification
Palladium’s ability to absorb and desorb hydrogen depending on circumstances allows it to be an effective material to filter hydrogen from other gasses resulting in an ultra pure hydrogen gas. Find out more.
Medicine
Palladium-103, a radioactive isotope of palladium, is seeing promissing applications in the treatement of prostate cancer. A newly emerging added area of research is potential use in the treatment of breast cancer. Find out more.
Worry is the interest you pay on a debt you may not owe.
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
<< <i>never knew it had that many uses..........only thing that doesn't make it as popular is that it isn't well known to the public like silver and gold are. Go ask someone on the street about palladium and they will probably say "whats that"? That right there hurts it when selling >>
Very true. If the US Mint comes out with a palladium set in 2010? That could create some interest.
<< <i>Go ask someone on the street about palladium and they will probably say "whats that"? That right there hurts it when selling >>
That's why you should be selling your PM's to a dealer rather than to someone on the street.
Worry is the interest you pay on a debt you may not owe.
Platinum is one tough metal and resists electrolytic decomposition as well as corrosion. I am guessing that Palladium is similar although not quite as tough.
Both metals will always have a number of important uses.
I knew it would happen.
Hong kong/Long Beach JUNE Table #838
MACAU
emgworldwide@gmail.com
Cell: 512.808.3197
EMERGING MARKET GROUP
PCGS, NGC, CCE & NCS, CGC, PSA, Auth. Dealer
<< <i>Still a buy IMO >>
I agree, if the economy can stage a recovery or if investors start including the PGM's for diversification then the PGM's will take off along with Silver.
In 2001 Palladium hit $1,100 an oz. at that time it was twice as high as Platinum and roughly three times higher than Gold so it is possible for Palladium to take off again. Of course fuel cell technology along with the possible development of cold fusion hold enormous possibilties for Palladium but there are also numerous other uses for it as was pointed out.
The other wild card is the possibilty that the huge Russian stockpile is finally depleted, if so then this will remove the source of surplus Palladium from the market creating a potential shortfall in the market.
One other thing I forgot about was the launch of Platinum and Palladium ETF's overseas, if these take off like the Gold and Silver ETF's and the funds actually hold physical metal rather than paper then much of the worlds supply would go into these funds and since the PGM's are so rare it wouldn't take much buying to push the price significantely higher.
Can't wait till they get here!!!!!
<< <i>Weiss, you posted those 5 oz a few weeks ago and my mouth started watering. I just pulled the trigger on 5 oz's today (I couldn't hold my finger back). I had a 100$ ebay coupon. Coupled with the 8% live.com the purchase made it worth it. Plus ebay has made me a VIP member for whatever reason, so they're given me double the ebay bucks for a couple of days.
Can't wait till they get here!!!!!
Yeah!!
--Severian the Lame
Who knows I might have bought them from the OP.. the serial numbers are quite close to these, around the 69520 area. My buying tends to occur at the highs, so watch out!
Every time I see those kilo prices I kick myself for not picking up more.
--Severian the Lame
<< <i>
<< <i>Go ask someone on the street about palladium and they will probably say "whats that"? That right there hurts it when selling >>
That's why you should be selling your PM's to a dealer rather than to someone on the street.
I've bought and sold palladium numerous times with my local B&M, I've never gotten less than spot.
<< <i>pulled the trigger on 4 ounces below spot after bing on the bay... comes out to about $340 per ounce shipped. Very bullish on palladium at these price levels. Going forward I believe it should trade at a 1:2 ratio with platinum at least, given the russian stockpiles that have supplemented the supplies all these years are now depleted.
Who knows I might have bought them from the OP.. the serial numbers are quite close to these, around the 69520 area. My buying tends to occur at the highs, so watch out!
I hope you're right, I still kick myself for not selling a bunch of my stash last year when it ran to nearly $600 an oz.
<< <i>
<< <i>pulled the trigger on 4 ounces below spot after bing on the bay... comes out to about $340 per ounce shipped. Very bullish on palladium at these price levels. Going forward I believe it should trade at a 1:2 ratio with platinum at least, given the russian stockpiles that have supplemented the supplies all these years are now depleted.
Who knows I might have bought them from the OP.. the serial numbers are quite close to these, around the 69520 area. My buying tends to occur at the highs, so watch out!
I hope you're right, I still kick myself for not selling a bunch of my stash last year when it ran to nearly $600 an oz.
I know how you feel.
I too didn't sell my palladium.
Goes to show you "bulls and bears make money while pigs get slaughtered".
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>...given the russian stockpiles that have supplemented the supplies all these years are now depleted. >>
Do you have an article or a source for this? Thanks!
<< <i>
<< <i>...given the russian stockpiles that have supplemented the supplies all these years are now depleted. >>
Do you have an article or a source for this? Thanks! >>
I've read a few articles staing this mostly on the yahoo finance page where you get stock quotes and articles relating to stocks, I think I saw some when looking at either SWC or PAL.
Personally I'm not so sure that the Russian stockpile is depleted but i do think it has shrunk considerably to the point that maybe the Russians want to hold some back especially considering the dollars slide.
--Severian the Lame
I knew it would happen.
tied very tightly to the economy/stock market
These numbers are a gift from the metal gods
Hong kong/Long Beach JUNE Table #838
MACAU
emgworldwide@gmail.com
Cell: 512.808.3197
EMERGING MARKET GROUP
PCGS, NGC, CCE & NCS, CGC, PSA, Auth. Dealer
<< <i>SELL!
tied very tightly to the economy/stock market
These numbers are a gift from the metal gods >>
Agree, been selling some at these levels...
<< <i>
<< <i>SELL!
tied very tightly to the economy/stock market
These numbers are a gift from the metal gods >>
Agree, been selling some at these levels... >>
Funny, you must have known I was thinking of buying a little until I read this...so now what does that mean?
<< <i>
<< <i>
<< <i>SELL!
tied very tightly to the economy/stock market
These numbers are a gift from the metal gods >>
Agree, been selling some at these levels... >>
Funny, you must have known I was thinking of buying a little until I read this...so now what does that mean? >>
You may have to hold on to them longer than I did in order to obtain a 100%+ profit, that would be my guess.