There are only four kinds of real money, Palladium, Platinum, Gold and Silver.
They have the following ISO currency codes.
Palladium XPD 964
Platinum XPT 962
Gold XAU 959
Silver XAG 961
http://en.wikipedia.org/wiki/ISO_currency_code
Palladium Earth's Crust/p.p.m.: 0.0006 (Twice as rare as gold)
Platinum Earth's Crust/p.p.m.: 0.001 (about same as gold)
Gold Earth's Crust/p.p.m.: 0.0011 (tons and tons stored)
Silver Earth's Crust/p.p.m.: 0.07 (70 times more than gold)
http://environmentalchemistry.com/yogi/periodic/Pd.html
http://environmentalchemistry.com/yogi/periodic/Pt.html
http://environmentalchemistry.com/yogi/periodic/Ag.html
http://environmentalchemistry.com/yogi/periodic/Ag.html
All are good stores of wealth, but palladium, relative to it's availability is highly under priced.
grant
Just a few short years ago
Just a few short years ago palladium reached a high of nearly $1,100 an ounce, nearly four times the price of gold at the time, but today it is selling for a mere fraction of that at around 4.5 times below the price of gold.
grant
JPMorgan and other big banks
JPMorgan and other big banks hold precious metal reserves, but not only the metals as reserves, they own the gold mining rights and gold mines. This way they also control production.
grant
What about diamonds?
What about diamonds?
Put your money into palladium, it is still relatively scarce...
Diamonds are not a good investment. They are really not rare, what corporate miners do is control the production, just like the banks control the production of gold. Gold is likely to begin falling, I suspect it could go as low as $300 an ounce in the short run and then go up again if the economy begins to heat up again.
Palladium could also fall against the dollar but not as much as gold will fall against the dollar. Also if and when the economy begins to heat up palladium will be a product in demand for industry, unlike gold.
grant
The British Virgin Islands
The British Virgin Islands issued a Palladium - Quadmetal coin in 2007
It is made of Palladium + Gold + Platinum + Silver
American Open Currency Standard (AOCS) - New Silver Currency
For those who are interested in picking up this new silver currency which will be launching tangentially with the Free Lakota Bank, feel free to send me a message. We are actively recruiting for people looking for quick silver delivery as well as merchants who will be willing to accept! I am personally working in New York City and Rochester, so for those who would like to check out some information...
www.freelakotabank.com
www.opencurrency.com
Speak with you soon!
Gabriel Sukenik
AOCS New York
gabriel.sukenik@gmail.com
I agree, but the government
I agree, but the government no longer follows the Constitution. Likewise Ron Paul has suggested that there should be competing currencies including palladium.
grant
Why to you reply to your post but not to the person
asking the question? Makes it hard to follow a thread.
Also, I think Ron meant competing currencies as in public vs. private. I'll have to reread his books and see where he says palladium is money.
Ron Paul "Sign Wave Across the USA" -- November 5th!
Ron Paul has discussed an
Ron Paul has discussed an alternative U.S. currency made up of a basket of precious metals including palladium. What would not be good is to peg the metals to the currency, but this is a whole other discussion.
grant
Is this working?
Is this working?
The Constitution only gives two.
Where has palladium been used as a circulating currency? I really would like to know.
Ron Paul "Sign Wave Across the USA" -- November 5th!
Right now palladium is used
Right now palladium is used as a circulating currency between banks. Russia, England and Canada are a few countries that come to mind that hold some palladium reserves, but nothing like the size of their gold reserves.
grant
Links?
I'd like to see these coins.
Ron Paul "Sign Wave Across the USA" -- November 5th!
palladium coin links
http://www.monex.com/prods/pall_coins.html
http://www.monex.com/prods/pall_maple.html
http://www.rene-finn.de/images/Palladiumphoto/Canada%20Sprin...
The Canadian Constellations are beauties !
I am not a dealer so I don't
I am not a dealer so I don't have links, but if you research palladium you will find ways to purchase palladium coins.
Here are a few.
http://www.ebullionguide.com/russia-1990-palladium-ballerina...
http://www.rene-finn.de/English/palladiumtabeng.html
grant
In Brazil the price of gold
In Brazil the price of gold has almost doubled in the past 4 months. This makes increasing gold production practical since even if the price of gold falls against the dollar, it doesn't matter as long as the local currency stays low or continues to fall. This is because Brazilian laborers are not paid in dollars, so the company makes a profit from the difference in currency rates. We will probably continue to see the price of gold fall in dollars as production increases in countries with lower wages and depreciating currencies such as Russia, South Africa, Australia and Brazil.
Palladium on the other hand has not seen an increase in production because it's production is primarily tied to the production of copper and nickel or platinum mining, which is also seeing a cut back as prices fall. Personally I would suggest switching a portion of gold to palladium since it may continue to fall, but not as much relative to what we may see in the fall of gold prices...
grant
Iridium? Copper? Nickel?
"Small Change got rained on with his own .38."
LXXI BC: Ego sum Spartacus // MDCCCLVII: I am Dred Scott // MCMVL: Ich bin Anne Frank // MMX: Je suis Assange // MMXI: Ik ben von NotHaus
True but,
The dollar is not linked to the price of copper.
I guess you could say that Iridium, copper and nickel are forms of money, but then so is paper with ink on it.
Our current coined dollar of copper at one time had roughly 29c worth of copper when the price went up. But now the price of copper has fallen and this is no longer the case.
Besides none of these are considered international currencies.
Palladium production by the way is linked to copper and nickel production as it is a byproduct, so to produce palladium tons and tons of copper mineral has to be mined.
Palladium production is not found easily by the common person, unlike gold which is still mined with pans in the Amazon.
Another point to add is that when the dollar rises against foreign currencies the price of gold and silver rises in those currencies as well making it an attractive product to export to the U.S. and other countries wanting to buy these metals.
As a person who has worked in the gold mining industry, I know that production is increasing in places such as Australia, South Africa and Brazil.
Palladium isn't being increased because as I pointed out before, much of it is a byproduct of copper and nickel production.
I wish I could help you out
I wish I could help you out on that question. If you find one let me know! I think the large bars of 10 ounces are a little easier to find, but I couldn't find any at the coin dealers. Maybe someone will help us out.
grant
Thanks for the correction.
Thanks for the correction. 3 times is exagerating,,, a little. Correction taken, correction made.
grant
do
do you have a good source for palladium bars or rounds? my local coin shops dont have any and everywhere i look online is selling between 250-300 an ounce.
Good Luck shopping.
I paid $250 last week at a coin dealer. You may want to check around and see if there are any coin shows in your area. You may get a better deal if you trade gold to buy instead of dollars.
grant
iehuvihs,
not to be too picky ... but
quote:
"Palladium Earth's Crust/p.p.m.: 0.0006 (3 times rarer than gold)
Gold Earth's Crust/p.p.m.: 0.0011 (tons and tons stored)"
You have posted these numbers a few times now, on a couple of threads.
.0006 X 2 = .0012, 0006 X 3 = .0018, .0011 / 3 = .003666, .0011 / 2 = .00055
making palladium slightly less than 2 times as rare as gold (in the earth's crust).
But there is a very small amount of it mined each year.
BTW, I have a palladium coin ... and I like it ! And I agree with you ... palladium would be worthwhile looking into.