Thinking about Palladium...

Discussion in 'Platinum' started by Argent47, Aug 13, 2012.

  1. Argent47

    Argent47 New Member

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    Palladium seems like a good investment. Although it's mainly an industrial metal, its mainly produced in only 2 countries, it's much more rare than gold and is only a third of the price. I think it has strong investment potential. Only problem is, how hard is it to sell off? Is anyone buying up on the Pd?
     
  2. ozcopper

    ozcopper Well-Known Member Silver Stacker

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    There is a dealer on here who is hugely into palladium. Liquidity can be a problem though. Maybe its good for a bit of diversification.
     
  3. Longtermstacker

    Longtermstacker Member

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    Is it possible to provide the dealers name?
    Thanks,
    LTS
     
  4. ozcopper

    ozcopper Well-Known Member Silver Stacker

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    No, Its in his personal collection. Its a privacy issue.
     
  5. dex

    dex Member

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    You can buy unallocated palladium. May as well if you're into it. That way you're guaranteed a sale when you want to sell. Im not sure if thats entirely correct but i've seem one aus dealer in last 24 hours that does the unallocated palladium scheme. Not sure what the conditions of sale are though. ABC is the name of the dealer, im sure there are a few others around though.
     
  6. tetradrachm

    tetradrachm New Member

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    Argent47. I have been a fan of palladium for a few years now. There is also talk of world-wide palladium shortages in 2013. The problem isn't buying it - its selling it again. 2 Oz examples:

    http://www.abcbullion.com.au/products-pricing sell it.
    https://www.kjc-gold-silver-bullion.com.au/CT/palladium/40 also sell it.

    The ATO doesn't classify palladium as a precious metal. (F*** knows why.) Consequently, Oz dealers have to charge GST. If you check the 'Buy back price' on the ABC bullion price-list, there is a large spread. That is, they will buy back at a signif. lower price than they sell it. (GST again probably)

    There may be a market on SS to sell it - but its a bit of a niche IMO. It isn't a partic. popular topic on SS. I would like to buy more, but the low buy back price is a signif. disincentive. Others on SS may have greater insight into this.
     
  7. dex

    dex Member

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    ^^^ yeah wow, i just checked the buy back price and it was shocking. You'd have to purcahse palladium at a real low and then also hope it soars just to make any real dosh off of it.
     
  8. hem9

    hem9 Active Member Silver Stacker

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    In my opinion, I buy from dealers from time to time but I would never sell to a dealer as there spreads are usually crap when compared to selling privately or eBay.
     
  9. SilverSanchez

    SilverSanchez Active Member

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    Im a bigger bull for Platinum than for silver.... atm

    only two platinum stocks trading on the asx that dont have projects in SouthAfrica.
    Im not buying platinum metal (i already have some) but I am considering buying some more of those two stocks.
     
  10. Longtermstacker

    Longtermstacker Member

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    Is a dealer not a seller?
    I asked as I was interested in buying, not looking to invade anyone's privacy.
    Thanks for the links terra.........
    LTS
     
  11. SilverSanchez

    SilverSanchez Active Member

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    A dealer is like a broker

    A seller is just someone who sells

    I am a seller and a buyer but im not a dealer
    My dealer buys and sells metal
     
  12. ozcopper

    ozcopper Well-Known Member Silver Stacker

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    The dealer in question does not sell palladium, it is in their personal stack, so it is not appropriate for me to say any more, I only mentioned it to let the original poster know that there were some serious stackers of palladium out there :rolleyes:
     
  13. ozcopper

    ozcopper Well-Known Member Silver Stacker

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