Palladium price is going up even as gold and silver price is coming down. What will happen with palladium price once the silver/gold correction is over?
About time. I was getting impatient with my platinum being in the doldrums and seriously wondering why I hadnt got silver instead. Palladium I'm very happy with. Swapped an ounce of gold for 2 ounces of palladium last year and its still going pretty nicely.
I'm just holding out for the GSR of 32 so I can swap kilos of silver for ounces of gold Only saw 2oz of palladium on my travels in the US - people talk about silver being scarce, I haven't looked at the production side of things but palladium is bloody hard to come by in investment form.
I havent given anythought to what I'll do with my platinum. Its held in my smsf, so I have no rush to do anything with it necessarily but its been so boring that even when I rarely go into the city vault nowadays I hardly ever take the platinum out to view etc. I havent thought of what ratio or performance I expect from it. With GSR I just know that I'm waiting for 20:1 for half the silver and 15-16:1 for the next quarter and I'll just keep the last quarter as silver for the future.
I havent seen my Palladium stash for over 6months now... almost forgotten.. ......GO PALLADIUM GO......
In the face of inflation every commodities go up. It's only a matter of time before Palladium hit $1000 and beyond. If we get hyper-inflation a kilo of Coffee Beans probably be $1000 too.
I have a friend who is an excellent chart reader. He claims palladium doesn't really have any chart resistance until $1000.
I came across this 60 minutes video today about cold fusion and the use of palladium. does anyone know of some palladium mines to invest in? other then catalytic converter what else is driving the price of palladium to the moon? [youtube]http://www.youtube.com/watch?v=JyNn_Z6wCIk[/youtube]
The oil cartel will fight tooth and nail to stop and debunk the science behind it. They'll be paying top lobbyists and scientist to discredit any form of energy that compete with oil.
Only 7 million oz of palladium mined worldwide yearly mostly from Russia. (They will not sale any, if this thing works), But even if cold fusion works we simply do not have the quantity needed to take it to mainstream like cars, where something like 100 million oz would be needed annually, (3 little plate like you see in the demo would be needed to replace one car battery only.) and cars are only one of the many area of energy needs. The pentagon might be interested, but they will not tell us anything in our life time either way.
I was always under the impression that the Russians did not disclose how much palladium they mine each year or the amount that is stockpiled.. Correct me if I am wrong. I wouldnt mind some of those pt emus though, stunning coins.
We do not know how much the Russians mine, but we do know how much new palladium available on the market annually year after years.
