I had to sell my SPPP Sprott Platinum & Palladium. It was hemmoraging money. Seems this is either a crash in metals, or a solid base for liftoff...One ugly spread on palladium
Four months later they are still spending more money on dog-food than cat-food. Perhaps, they are keeping them for future use, in case hunger ever gets here ?Famine coming in three months.
Like a thin dime.I got my first fractionals today. 1/10thoz gold eagles. They are so tiny. They Itty bitty little things. I guess you could call them cute.![]()
I can see they may be of value for hiding. It beats carrying around 100 oz of silver.Like a thin dime.![]()
is it time to buy ?Palladium again taking it on the chin...down another $125 just in the past couple days. The drop from the peak in May 2021 has been a whopping $1288(-42.9%) in just 7 months. Seems a bit excessive, even if one accepts that platinum is being substituted as a catalyst in hybrid vehicles.
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If you buy a purely industrial metal in the form of a few coins, which palladium seems to be to me, who will buy it from you when you decide to sell it?is it time to buy ?
I call 'em MONEY! But prefer their bigger brothers. I got Ag for "cute".I got my first fractionals today. 1/10thoz gold eagles. They are so tiny. They Itty bitty little things. I guess you could call them cute.![]()
I bought palladium at the shows at 300/400 an ounce after the big hit, sold most for over 800 an ounce at coin shows. Had both bars and coinageIf you buy a purely industrial metal in the form of a few coins, which palladium seems to be to me, who will buy it from you when you decide to sell it?
If you buy a purely industrial metal in the form of a few coins, which palladium seems to be to me, who will buy it from you when you decide to sell it?
don't ever leave this place...I got my first fractionals today. 1/10thoz gold eagles. They are so tiny. They Itty bitty little things. I guess you could call them cute.![]()
Not in my opinion. I use ratios to determine what to buy or swap and palladium is still...to my mind far from a value play.is it time to buy ?
Although Palladium is an industrial metal, it is now in its fourth year of being produced at the US Mint, both as a bullion item, and as a numismatic offering. Because of this the resale market has improved drastically. Spreads are still much greater than gold and silver, but buying and selling the metal has become considerably easier.If you buy a purely industrial metal in the form of a few coins, which palladium seems to be to me, who will buy it from you when you decide to sell it?
I sold some Pd in April to JM Bullion, much better price than LCS was going to give and payment received 2 days after product was received. Very easy transaction ( and glad I sold since Pd is down around $1,000 from when I sold). I had a little SPPP too, sold 1/2 of it and bought Sprott silver ETF (which is down from when I bought, but down less than SPPP)If you buy a purely industrial metal in the form of a few coins, which palladium seems to be to me, who will buy it from you when you decide to sell it?
Worse, that 9.6% is the YoY PPI(producer price index)...a leading indicator showing input prices for manufacturing. Officially (price)inflation is "only" 6.8%. This means that real yields on 10y debt(1.459%) are actually negative over 5%.And it continues to all the weekdays, good golly when does it end, inflation now 9.6 plus
I nibbled on PPLT this morning. Waiting to go all-in to see if the market / economy crashes. If the market crashes, i suspect it will pull down PM ETFs with itis it time to buy platinum again?
I suspect the same. There is no reason to think it won't go lower if everything crashes. At least for a while.I nibbled on PPLT this morning. Waiting to go all-in to see if the market / economy crashes. If the market crashes, i suspect it will pull down PM ETFs with it
It's a tricky game. I want into PMs because inflation is getting bad, but it has to be timed just right. Prices look good to me right now, but ... I bet a stock market crash like we had in 2020 will drop these ETFs like a rock. Then if they respond like they did in 2020, the price will whipsaw back up in really short order. The new massive inflation is the wild card. Maybe they don't repeat 2020.I suspect the same. There is no reason to think it won't go lower if everything crashes. At least for a while.
The government has decided to suspend that concept by ignoring paper metal pricing scams used to suppress actual metal prices.I always thought Gold went up because of a loss in confidence in the govt.
ramping up for the Monday morning dump. Every week like clockwork lately!What the hay going on with metals, up down and all around, ??????????????????????????
?? Up again wtf. Was going yo pre order a few eagle tubes the other day, now not so much
There is a lot of ruin in a nation - to quote Adam Smith.Four months later they are still spending more money on dog-food than cat-food. Perhaps, they are keeping them for future use, in case hunger ever gets here ?