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Thread: Buy, Sell, or Hold

  1. #1

    Default Buy, Sell, or Hold

    I currently own about 200 ounces of Palladium which I bought at $300 an ounce years ago. I see prices are now over $1000 and often wonder about selling. I don't need the money now, so how does one determine when to sell? If I sell than I might get hit with taxes also on the gains. And why is Palladium higher than Platinum? Any prediction on the future prices of Palladium? Cars may mostly be going electric within the next 5 years and it appears palladium is mostly used in gas engines.

  2. #2

    Default

    Quote Originally Posted by blackdog69 View Post
    I currently own about 200 ounces of Palladium which I bought at $300 an ounce years ago. I see prices are now over $1000 and often wonder about selling. I don't need the money now, so how does one determine when to sell? If I sell than I might get hit with taxes also on the gains. And why is Palladium higher than Platinum? Any prediction on the future prices of Palladium? Cars may mostly be going electric within the next 5 years and it appears palladium is mostly used in gas engines.
    Taxes on the gains - if only you report those.
    The future of Palladium -I would not Speculate for you.
    What I DO know is that if you need not this reserve of currency then what will you want to invest this fiat back into? Surely if you not need the $ then what are you wanting to re-invest these profits into? To just store cash may or may-not be the alternative.
    Myself, like you, would want to reap these profits, yet I would not know, at this time, what to invest in.
    Last edited by Mytal; 04-16-2018 at 05:57 PM.
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  3. #3

    Default

    Profit take enough to cover the taxes and get your original investment plus 10 percent..keep the rest

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