it's better than getting hit by a comet !Quote:
Originally Posted by chad
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it's better than getting hit by a comet !Quote:
Originally Posted by chad
Shine returns to platinum and palladium
Commentary: You don’t need gold and silver to make money
"...These are our tentative rankings for the next cycle:
- Palladium
- Major gold miners
- Platinum
- Gold
- Major silver miners
- Silver
- Junior miners
In other words, palladium may turn out to be the best performer and platinum may turn out to be the third best performer..."
the problem with Platinum & Palladium are, you are at the mercy of the market-makers (coin dealers) who might buy from you.
a lot of local coin dealers just don't buy Platinum & Palladium.
i think it's Very important for your real money to be of use in the event of a US mail shut-down.
as the anthrax attacks after 9-11 demonstrated, the US postal system makes it very easy for a shit-stirrer to fvck with the US postal system.
if you have $$ in Platinum & Palladium, and the US postal system shuts down for 3 months because of another terrorist attack, where does that leave you ?
if you choose Platinum & Palladium as personal stores of value, i think you need to pay even more attention to the "Prepper's Commandment" about having 6 months (or whatever it is) of cash on hand.
just in case you are cut off from your market for a period of time during a phase of TSHTF when US mail stops operating.
the US postal service depends on volume, and they're already losing money. what would a 20% or 50% reduction in volume do ? what if anonymous mailing became un-available for a while ?
i don't know all the details; we're talking about the future, and about possibilities, possibly remote.
but i think a prepper's precious metal 'plan' needs to take a cut-off in US mail access, into account.
Pd/Pt should not be you main repository of value. Usually at coin shows you can sell Pd/Pt at spot. Local dealers sometimes don't want it.Quote:
Originally Posted by gunDriller
Yes Pd/Pt are worthless in SHTF scenario, but at this point it is a very interesting high inflation play...
I have not been paying attention, but Pt > Gold again. Not sure exactly when they crossed. Probably when gold dumped recently.
i think it depends on location. if you live near APMex or some other dealer that buys Pt/Pd, it works better.Quote:
Originally Posted by Neuro
Really? No electricity, empty shelves, fiat worthless! No one would change a prolapsed cow cadaver vs a Pt/Pd coin, I think!Quote:
Originally Posted by gunDriller
Not much palladium to be found on ebay. Browsing ended auctions shows mostly novelty items, Russian ballerinas, some pamp bars, stillwater rounds and a couple of Maple Leafs.
Very low premium on many coins as well.
http://www.ebay.com/itm/2011-1oz-Pal...-/151074529902
Palladium Isle of Man angel $770
The Pd/Silver ratio is getting pretty high. It is tempting to do a trade (Pd---> silver) right now.Quote:
Originally Posted by Norweger