Thinking about Palladium...

A

Argent47

Member
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?
 
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.
 
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.
 
^^^ 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.
 
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.
 
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.
 
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
 
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
 
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