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Thread: Buy, Sell, or Hold

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  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

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    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.
    Live Well* Love Much* Laugh Often

  3. #3

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

  4. #4
    Join Date
    Jun 2018
    Posts
    2

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    Tax study,
    Tell your relatives to set up multiple accounts.
    Sell through sub accounts to reduce taxes

  5. #5

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    If you look at the last time palladium peaked in 2001 it was around$1,100. If it was me I'd sell all the palladium and buy platinum with that money. Platinum is really low and has a lot of upside potential.

  6. #6

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    Quote Originally Posted by sasksilver View Post
    Profit take enough to cover the taxes and get your original investment plus 10 percent..keep the rest
    I would do this BUT instead of keeping the rest, I would exchange it for ASE's. Perhap's a better upside..?.. but I'm just STUPIDME

  7. #7

    Default

    I hope you held strong Bro. You bought in before me.

  8. #8

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    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.
    so what did you decide upon? i just sold the wee bit of rhodium i had a a much much smaller profit and now have to decide what to do with that small amount of frns. your situation was much better going from a 60k investment to a 200k value. that extra cash flow would buy you a moderate investment property to earn rent dividends. mine, not so much.

  9. #9

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    I’m still holding. In fact I just bought 50 oz platinum coins. I have no idea what the future is.

  10. #10

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    Quote Originally Posted by blackdog69 View Post
    I’m still holding. In fact I just bought 50 oz platinum coins. I have no idea what the future is.
    dang dude, you have a healthy appetite. lolz

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