Don't bury your talents, spend your gold and buy "Palladium", it's the wise thing to do.
Posted December 4th, 2008 by iehuvihs
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In the earth palladium is 3 times rarer than gold. Palladium is useful in fuel cell technology, useful for solving environmental problems, not to mention that it too is a currency.
Gold is still high and although it has fallen relative to the U.S. dollar it has risen against other currencies. For this reason many mines in other countries are beginning to pump up gold production, which will probably lead to a drop in price against the dollar.
Palladium on the other hand is not necessarily mined directly. It is a byproduct of copper and nickel mining as well a platinum mining. Since these metals have fallen dramatically in price, mining has slowed down and less palladium is being produced as a result. By spending your gold and buying palladium you will increase the value of palladium and stimulate it's production. Since palladium has value other than money you will be producing something with your gold/money.
Remember gold is only money and money only has value when it is spent. So start spending it! Just don't spend it foolishly or on FRNs.
grant
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What about...
The physical aspects of palladium (and platinum for that matter)? What do I mean? Well, I thought about buying one or both of these, but realized something. If I really did need to use these metals as currency, who would be able to EASILY tell the difference between them and SILVER. The color is "silver", and while I'm sure the coins/bars indicate what the metal is, I'm not so sure that it would be accepted as readily as gold or silver. If you are speaking from purely an investment perspective, then okay point taken. For those also looking to possibly use a currency in the future, then think again.
Say YES to Dr. NO
TIme to invest in education.
You may want to take a course in how to identify gold, silver, platinum and palladium. Then when the dollar crashes you can get a job verifying what is real and what isn't. It may be the job of the future if people start trading in real money again.
grant
I think your point about the
I think your point about the color is mute considering that most people in their right mind wouldn't buy gold without making a test, regardless of the color, for which gold does vary depending on what is mixed with it.
As for it being a currency of the future. Too late, it all ready is a currency as pointed out before. ISO code XPD 964 listed on the currency exchange.
grant
Well....
Goood luck selling your Palladium as compared to gold and silver....
Have you tried buying
Have you tried buying physical palladium lately?
grant
I can buy it right now
www.apmex.com
I looked and did a little research after reading your article. It sells Like Gold at about $50 ......over spot......
It just seems it would be very difficult to unload when needed.
That is all.
I would suggest
$50 over spot means that you are paying a premium of about 30% over spot for palladium whereas gold is selling for only a premium of 7% over spot. This translates into a higher difficulty of getting physical palladium, doesn't it?
Try offering a straight up trade of spot gold for spot palladium, if this doesn't work try trading gold for it with a lesser spread at a dealer.
grant
I hear palladium is very
I hear palladium is very popular in space. Perhaps it will save us from destruction if we offer it to the creatures living on planet-X?
I'm Justa Gettin' Use To Gold 'n Silver
Not gonna change now. Actually, gold 'n silver was instituted 1000's of years ago and I'm almost certain that it hasn't changed!
http://uk.youtube.com/wat...
http://uk.youtube.com/wat...
http://uk.youtube.com/wat...
http://uk.youtube.com/wat...
I'm feeling like I should buy physical
do the same rules apply? Is it going to be a POA to sell down the road?? Should I just buy an etf? Is there an etf??
I'm getting oil later, this feels very similar.
I would stay out of oil.
I would stay out of oil. WIth the liberation of offshore drilling in the States and large deposits offshore in Brazil it will be a while before the price falls.
Buy a little physical to have on hand and if your a player then go to the Commodities exchange. Ask for delivery.
grant
I'm not looking for oil to fall
I'm buying low and selling high. Remember those days?? lol
Mike, Listen to Lindsey
Mike,
Listen to Lindsey williams.. DO NOT BUY OIL! 6 months from now maybe!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
win with palladium
Meant to write that it will be a while before the price of oil rises. With the price of oil so high for the past few years a lot of exploration has been done. One major discovery was the pre-salt oil fields off the coast of Brazil, I can imagine that similar exploration will be done around the world. If gasoline continues to be a major fuel for cars then palladium will be in demand to control polution. If electric cars come on line then palladium will be in demand at coal burning plants, if fuel cells develop palladium will be in demand for hydrogen storage facilities.
grant
sorry grant but you are full
sorry grant but you are full of "kaka" on this one! I say that with all respect!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
I know you don't agree, but
I know you don't agree, but if you don't spend your gold, then it is worthless. If the price goes up and you hold on to your gold, then you have bragging rights to say you have a lot of gold, but if you don't spend it, then it just sits there on a shelf. You pass it on to your grandkids, but unless they spend it they will just pass it on to their grandchildren. The gold will had served no other purpose but to take up space. Instead if you spend your gold on something that provides a service to you and your future children then the money works as it is spent. Wisdom tells you that you want to spend it on something that possibly can bring the gold back to you. And then with the return of the gold you spent you spend it again.
Money has no value unless it is spent.
grant
coins for tough times
iehuvihs said, "The gold will had served no other purpose but to take up space."
Coins serve multiple purposes, one of which is to put in my pocket and start walking (if the need arises).
I have relatives who made it out of eastern europe with coins they had hidden in their house. They got on the road and started walking with what they could carry before the Russians took over. They became refugees and after WW2 they made it to America.
When the Russians took over their country, most of the money in bank accounts was seized, along with their property. Those with coins at least got out with something and the coins held value for barter.
BTW, palladium is an industrial metal, not a monetary metal. Silver/gold serve my purposes much better than palladium.
You are mistaken.
Palladium is a monetary metal has been for only about 40 years, but with time it will catch on.
Palladium is already a currency, as is gold, silver and platinum. They are just not recognized as the currency of the U.S. government. Palladium has the ISO code of XPD 964
http://en.wikipedia.org/w...
http://en.wikipedia.org/w...
Doesn't hurt to do a little research.
grant
Gold is a store of
Gold is a store of wealth.... paper dollars are ment to spend!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
I agree gold is a store of
I agree gold is a store of wealth, but so is palladium. I am not downing gold. I just think that it is wise to use the currency market to ones advantage. Right now palladium is very low from it's all time high. It is something with practical use and in hyperinflation will go up just as likely as gold will. So on that point there is little risk.
I am not suggesting that one spend all their gold on palladium. But considering that it is 3 times rarer than gold it is a good move if storing wealth to have one ounce for every 3 ounces of gold. Just like it is wise to have 70 ounces of silver for every ounce of gold. Platinum is about 1-1 with gold as far as physical availability in the ground or in above ground.
Gold is still relatively high if you bought like I did many years ago (200 or so). I am now spending gold to buy palladium because I think it is a good trade. I certainly am not going to buy FRNs and put them under my pillow.
But in any case eventually I will sell, since I can't take it with me.
grant
Full of kaka, that is
Full of kaka, that is awfully strong language.
grant
it was supposed to be funny
it was supposed to be funny Grant! you know I love you bro!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
No offense taken, words have
No offense taken, words have yet to hurt me, besides were on the same side. Just here making discussion.
grant
Wisdom.
The average worldwide yearly production of Gold is around 1400 tons, while the average worldwide yearly production of Palladium is around 24 tons. Meaning that there is about 58 times more Gold produced each year than Palladium.
By buying palladium and
By buying palladium and spending your gold the price of palladium will be driven upwards relative to gold. This will stimulate it's production and prevent production of gold abroad by increasing it's availability on the market. WIth the increase of palladium production the price of course will begin to level off and it will be time to sell. At that point you spend your palladium to buy gold at the relatively lower price or on some other investment.
By the way, food is always the best investment, because if the price falls, that is a good thing.
grant
Use your money wisely.
Not spending your gold is like burying your talents in the ground.
grant