Trade Gold for Palladium...get ready, set, go!

[ynot2k]

Is trading one metal for another a taxable event?

My guess is that in the US the IRS would want the sale of metal to be taxed if it resulted in a gain from it's basis. The fact that one immediately put the money to use buying another metal would be a new transaction... starting the basis for that metals sale in the future.

As vertical1 pointed out though... whether the IRS knows about it or not would be a consideration.

Trading one ETF for another ETF would certainly leave a trail and the IRS would presumably view it as stated above. Trading with your neighbor, or if you find a venue that does not report, would be a different thing.


rutherium, what do the charts say about palladium currently?

[ynot2k]

I don't know what tomorrow holds but I did another trade of gold for palladium

Current buy and sell prices are

Buy palladium pool @ $1,780.00 oz, sell gold pool at $1,910.40 oz

We will see what tomorrow brings.

[motocat]

Is trading one metal for another a taxable event?

Not if it's in your IRA. My last trade was gold to palladium at 1:1.25

[motocat]

More gold to palladium at 1.4 ratio.

Very unpredictable. Palladium hit over $3K a year ago. It's not like the war with Russia has ended, and it's not like they will stop making cars.

Or maybe they are finally are replacing palladium with platinum. However, if that was the case, would not platinum price go up a little?

Remember, there is a lot more to the Western world -- people who also like to have cars, in areas in which the electrical grid is even less reliable.

[ruthenium]

maybe update your trade ratios...

https://www.tradingview.com/x/FW8vnPGB/

Recession fire sale and maybe some other reasons come to mind including the reduced outlook for cats on cars (gasoline)

I could speculate on more but I get a trendline as above.

[ynot2k]

Pulled the trigger on a small amount.


Sold gold pool @ $1,893.20 an oz, bought palladium pool @ $1,868.00 an oz.

So far, this and one other one I did at similar ratio have turned out to be very bad trades. Is

[motocat]

maybe update your trade ratios...

https://www.tradingview.com/x/FW8vnPGB/

Recession fire sale and maybe some other reasons come to mind including the reduced outlook for cats on cars (gasoline)

I could speculate on more but I get a trendline as above.

Yes, I adjust ratios as I see the time fit, still it's not like gasoline cars are going away quite yet, they are and will be used in developing nations for quite some time, where the electrical grid is not quite reliable, even here in California it is getting worse, which one can reason is going along with her streets looking more third world everyday.

Everyone all of a sudden read the same articles, and Palladium comes crashing down fast. Things have not really changed that fast, it's "animal spirits" taking hold --and once the chip shortage goes away, they will need to produce even more cars to catch up for low supply years.

[ruthenium]

maybe update your trade ratios...

https://www.tradingview.com/x/FW8vnPGB/

Recession fire sale and maybe some other reasons come to mind including the reduced outlook for cats on cars (gasoline)

I could speculate on more but I get a trendline as above.

Yes, I adjust ratios as I see the time fit, still it's not like gasoline cars are going away quite yet, they are and will be used in developing nations for quite some time, where the electrical grid is not quite reliable, even here in California it is getting worse, which one can reason is going along with her streets looking more third world everyday.

Everyone all of a sudden read the same articles, and Palladium comes crashing down fast. Things have not really changed that fast, it's "animal spirits" taking hold --and once the chip shortage goes away, they will need to produce even more cars to catch up for low supply years.

No worries this should be a good one. All the way down to PALL 127

[motocat]

No worries this should be a good one. All the way down to PALL 127

PALL already hit 127. My next buy point will be at 1.5:1 gold to platinum. It's not a big part of my trades, and just a paper one (while with other metals, I do hold physical) -- still, I think both the ups and downs get to extreme with Palladium, to think just a year ago the highs were about double what recent lows have been, while the situation on the ground has not changed that much (at least no based on reports I have read). The more extreme the "running of the lemmings" are, the more you can make trading, and I just like the idea of being diversified into 4 precocious metals, balancing as needed, though gold will always be at least 2/3rds in value of what I hold in metals, given the monetary aspect is the main reason I got into PM's.

[t00nces2]

Ag/Au is 80/1.... I would like to see that ratio drop again.