Palladium is higher than gold

dcarr · December 4, 2018 9:19AM

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

MattTheRiley · December 4, 2018 9:31AM

@dcarr have you done a palladium piece yet?

asheland · December 4, 2018 10:24AM

I've been watching it lately. Crazy stuff!

dcarr · December 4, 2018 10:30AM

@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

MsMorrisine · December 4, 2018 11:41AM

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

Timbuk3 · December 4, 2018 12:46PM

That's nuts !!! :'(

derryb · December 4, 2018 1:01PM

Which one is a screaming buy?

ricko · December 4, 2018 1:36PM

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

thefinn · December 4, 2018 1:38PM

It's the "bitcoin affect".

LukeMarshall · December 4, 2018 3:15PM

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
anybody willing to strike over one of those nice new fancy US mint 1oz PD Eagles?

this made my day/

Hemispherical · December 4, 2018 5:11PM

@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

dcarr · December 4, 2018 5:46PM

@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.

Hemispherical · December 4, 2018 5:51PM

@dcarr

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

TwoSides2aCoin · December 4, 2018 5:57PM

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

Overdate · December 5, 2018 1:44AM

@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.

TwoSides2aCoin · December 5, 2018 5:57AM

@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.

JimTyler · December 5, 2018 7:45AM

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)

asheland · December 5, 2018 8:26AM

@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
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.

OPA · December 6, 2018 7:52AM

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

jmski52 · December 6, 2018 9:17AM

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

Overdate · December 6, 2018 9:20AM

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

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

asheland · December 6, 2018 10:25AM

They are volatile no doubt!

TwoSides2aCoin · December 16, 2018 7:11AM

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

RedneckHB · December 16, 2018 7:23AM

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

metalmeister · December 16, 2018 9:25AM

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

Weiss · December 16, 2018 10:03AM

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.

thefinn · December 16, 2018 1:04PM

@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.

dpoole · December 16, 2018 8:16PM

Supply and DEMAND...

asheland · December 17, 2018 11:46AM

@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!

MsMorrisine · January 10, 2019 11:44AM

Palladium is higher than gold
again

johnny9434 · January 11, 2019 1:25PM

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

MsMorrisine · January 16, 2019 9:22AM

palladium up 34

OPA · January 17, 2019 4:48AM

@MsMorrisine said:
palladium up 34

up $60+ this AM

RedneckHB · January 17, 2019 5:47AM

@OPA said:

@MsMorrisine said:
palladium up 34

up $60+ this AM

Gotta love backwardation.

MsMorrisine · January 17, 2019 6:06AM

@cohodk said:

@OPA said:

@MsMorrisine said:
palladium up 34

up $60+ this AM

Gotta love backwardation.

spot is +$47 right now at $1390

MsMorrisine · January 23, 2019 9:33AM

still higher

Pd is 1330

MsMorrisine · January 25, 2019 11:39AM

pd is up 38 to 1341

MsMorrisine · February 14, 2019 12:30PM

pd up again

MsMorrisine · February 14, 2019 2:09PM

No party?

blitzdude · February 14, 2019 7:08PM

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.

MsMorrisine · February 14, 2019 7:12PM

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

jmski52 · February 15, 2019 6:47AM

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.

MsMorrisine · February 15, 2019 7:28PM

Party like it's 1415

mapleman · February 16, 2019 12:11PM

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

asheland · February 18, 2019 10:21AM

Yet another record price today, over 1450!

Hemispherical · February 18, 2019 1:37PM

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

VanHalen · February 18, 2019 3:36PM

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

Three years ago it was $490.

MilesWaits · February 18, 2019 4:09PM

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.

Hemispherical · February 18, 2019 5:44PM

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

MilesWaits · February 18, 2019 6:40PM

@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.

RedneckHB · February 18, 2019 6:59PM

@cohodk said:

@OPA said:

@MsMorrisine said:
palladium up 34

up $60+ this AM

Gotta love backwardation.

Still in backwardation.

Palladium is higher than gold

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