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Thread: Palladium for gold

  1. 02-12-2019, 09:08 AM #1
    blackdog69
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    Default Palladium for gold

    Tough decision, but I just traded 100 ounces of palladium for 100 ounces of gold yesterday. Cost me $224 total. Gold is a long term hold and not subject to market supply and demand nearly as much. I bought the PAL at $320 several years ago, and I suspect there could be a sell off soon. Sold at $1,355. It is also possible, if a PAL deficit happens it could climb higher. I still have another 100 ounces of PAL in reserve, if that occurs. I suspect the auto industry will soon move to Platinum, as that is over $500 an ounce cheaper right now. If that happens, PAL should drop to $600? It is all a guess, but I can sleep good with my extra gold.
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  2. 02-17-2019, 03:53 PM #2
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    Ten bears
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    I think you have done well.



    TB
    "I was born upon a prairie where the wind blew free and there was nothing to break the light of the sun. I was born where there were no enclosures and where everything drew a free breath.I want to die there, and not within walls."
    Ten Bears - Yamparika Comanche
    From Outlaw Josey Wales movie
    http://www.youtube.com/watch?v=1xd3Eawz5VI
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  3. 02-17-2019, 04:06 PM #3
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    sasksilver
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    Sounds like a good move to me....you got some cheap gold....hope to do the same with my platinum in a few years
    One in a million...GNR ...sums it up nicely
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