Buy Palladium the other currency!!!

Is gold or isn't gold money. Well, if it is money it needs to be spent, otherwise it is useless. Right now by spending gold a person could buy around 4 ounces of Palladium. That seems like a pretty good deal. As gold is spent on Palladium the price of Palladium rises relative to the price of gold. So there is no net loss.
grant

Palladium's only been around as money for little over 40 years. Many of us here have been around longer than that. Invest in Palladium as an alternative form of money from our generation.
grant

How come when Gold or silver drops dramatically it's manipulation, but when Palladium dropped it was because of risky business. Speculators drove up the price of Palladium shortly after 9-11 knowing that automobile manufacturer needed it to produce cars. There is the risk in everything but even gold is risky.
grant

The fact that it has the potential to hit $900 should make it attractive. It is not only good for catalytic converters, you know? It is a currency and has many practical uses. For example in cars it converts Carbon monoxide into Carbon dioxide and the same application can be used if for changing carbon monoxide into carbon dioxide in coal burning plants. Carbon monoxide is a poison whereas carbon dioxide is what plants use and turn into water and wood.
grant

Imagine if you bought at $900 a while back? That would suuuck. Maybe it will go back up, maybe catalytic converters will be eliminated. This a very risky market that could either make you very rich or very sad.

Brent US$ 44,74 down 2,72%
Gold US$ 773,80 down 5,06%
Silver US$ 9,69 down 6,29%
Platinum US$ 813,50 down 0,37%

PalladiumUS$ 179,50 up 0,28%

It is very possible that in the future Gold, Silver, Platinum and Palladium may become the foundation for world trade. Allowed to flutuate freely without being pegged to each other it would be a square and fair deal, unlike when silver and gold were pegged one to the other via the dollar.
I think the dollar has been much of the problem all along. Even when we had the Constitution running the country (way, way back) Congress was to coin money in gold and silver and regulate it's weight. Instead the vipers came up with the bi metal dollar scheme to try and get people to give up gold for silver, later only to give them paper. Had the two metals traded independent from one another the market would have established their relative values.
grant

I have no arguement, I happen to be a farmer as well. And gold and silver are probably the most prized store of wealth for farmers. But not everyone is a farmer. Some companies may need Palladium to produce hydrogen storage tanks. In this case they may even trade gold for the Palladium, who knows, silver or even Platinum. But in any case Palladium, like any commodity will probably go up in value when gold goes up in value. It may even go higher than the value of gold, since even with gold the price of commodities fluctuate, nobody knows what the future holds. I am just trying to get on top of the game. I have no idea what goes on behind closed door central bank meetings.
grant

Palladium is relatively new to the currency market since it was only discovered in 1803.
In 1967, the South Pacific island nation of Tonga issued some palladium general circulation coins commemorating the coronation of King Taufa Ahau Tupou IV, perhaps the first issue using palladium. From 1987 to 1990, Portugal began issuing palladium proof coins as part of a series with other metals.
Also in 1987, France issued a 100 Franc palladium bullion proof coin featuring the bust of Lafayette. 1987 was a popular year for palladium bullion; the Isle of Man, an island kingdom in the Irish Sea, issued a palladium coin in commeroration of the bicentennial of the United States’ Constitution and featuring Queen Elizabeth II on the obverse and and on the reverse are 11 U.S. presidents encircling the Statue of Liberty. Please see the picture in the sidebar.
http://www.stillwaterpall...

Sorry meant to write 72 weeks.
Here is an article about Ford's fuel cell technology.

http://www.ford.com/innov...

Acutally junior miners, who go find the stuff. The elements are used alot in the new electronics and electric cars. Either buy the minerals outright or look for the guys who mine them.

It doesn't seem very tradeable in a broken society. Will the guy with a water well or a farmer with wood and food want silver, gold or a rare metal that he knows nothing about?

For me, owning precious metals is not an investment, it is a self-insurance and store of tradeable value if and when times get tougher.

The only disadvantage of gold compared to Palladium is that there is tons of it in reserves all over the world. Palladium is much more scarce and very difficult to get physical possession of. Comex can't cover Palladium if you call for delivery. There has been very little talk of Palladium eventhough it is rarer than gold, platinum and of course silver.
grant

Citigroup says gold could rise above $2,000 next year as world unravels
Gold is poised for a dramatic surge and could blast through $2,000 an ounce by the end of next year as central banks flood the world's monetary system with liquidity, according to an internal client note from the US bank Citigroup.
Here is the link.
http://www.telegraph.co.u...

The only way to find out if there is real demand is to go out and try buying Palladium. In my area of Michigan it is selling for $50 dollars above spot if you can find it.
Palladium is also used in fuel cells for storing hydrogen. The auto industry has already recieved $25 billion dollars to be used in alternative fuel research and development. It may be that the additional money they are begging for now will be tied to alternative fuel development, for which fuel cells are on the top of the list.
grant

... Palladium is used a lot in automobile construction. If car sales continue to slump, then there's still a while for the price to drop, maybe? Looks like a good research topic.

What's that financial saying again? Oh yes, buy on the lows, sell on the highs :-)