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Thread: Nobody Knows on our Level

  1. #1

    Default Nobody Knows on our Level

    I have come to the conclusion nobody on our level, or even sellers like Kitco, have any clue on the future price of rare metals. Before Palladium recently dropped, Kitco news posted videos how Palladium would continue to rise. The market must be controlled by hedge fund or other traders doing speculation, probably Russian oligarchs. I'm not saying don't buy, but don't listen to anyone that is not a true insider. My total metal portfolio is up 400%, but not based on any buy sell recommendations I can find. I wish I could find a reliable source, as I do want to know the future of palladium and rhodium. Long term I don't think the prices will climb much, as the electric car will soon replace the gas cars using that use converters and palladium. But apparently platinum will be used in electric cars? Same with rhodium, gas car dependent. Which is why I want to sell my rhodium and palladium, I don't think the future is good 2-5 years out.

  2. #2

    Default

    Nobody knows the future.

    Everything is just speculation; you make your best informed decision and take your chance. That is all.

  3. #3

    Default

    Quote Originally Posted by blackdog69 View Post
    I do want to know the future...
    some people would sell their mothers to know that kinda stuff

    In the mean time, through your post, I can understand your pov
    The world is a changing, well, humanity is a changing and it's an interesting brew we're getting these days

    more transparency as everyone is a photo/video-journalist, the walls seem to have ears these days, peoples values are so low, they don't mind admitting into a camera how they've broken the law/several laws, yet, at the same time, we've got our 'old school communist' politicians who're going for broke with the transformation of America, obfuscating, hell, down-right lying about EVERYTHING to where, an outsider who knows nothing of Americans or their plight, could be introduced to one of these 'communists' and their blather, and could walk away with an entirely different outlook than what is real for US here in America

    Where reality is distorted into two separate Facts:
    The Real World and The Dream World, where the Real World leaders don't want to talk about goodness and the Dream World leaders won't talk about goodness except perhaps in some distorted manner/way through a distorted media

    reminds me of some of the stories I heard, decades ago, where good and evil are at war with each other for power and control. most of those tales didn't extrapolate very well the time element of shifting from good, into the darker elements and shifting from evil back to the good side always became an expectation, occurred quickly and was always flawless in it's execution: "Live Happily Ever After"

    I didn't pay much attention except to flatly state, today, right now, it sure appears that instead of growing up and being a 'good man', I should have done just the opposite and have become a politician

    P.S., i've heard the politicians have some really good inside information available for their use only
    (wanna know the future? become a politician)

    Good Morning!
    Honor for US, Justice for Our Children! Now!

  4. #4
    Join Date
    Mar 2011
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    3,191

    Default

    Quote Originally Posted by Atlas Shrugged View Post
    Nobody knows the future.

    Everything is just speculation; you make your best informed decision and take your chance. That is all.
    True dat! more characters . . . .

  5. #5
    Join Date
    Jan 2010
    Posts
    13,314

    Default

    Quote Originally Posted by Atlas Shrugged View Post
    Nobody knows the future.

    Everything is just speculation; you make your best informed decision and take your chance. That is all.
    Same as it ever was. Some can shape the (their) future (imperfectly) given great wealth, resources and connections. The rest of us must get better at focusing on our game, reading the "tells" and risking "all-in" - at the right time.
    Who are the righteous? ....Markpti

    What value did Burisma think to gain by hiring Hunter Biden as a Board member vs ALL other choices?

    Those who cannot articulate the other argument do not fully understand their own argument.

    "Much can be done by wise legislation and by resolute enforcement of the law. But still much more must be done
    by steady training of the individual - in conscience and character...." .......T. Roosevelt

  6. #6

    Default

    I just traded all my Palladium and Rhodium for Gold Eagles. Why....? Just a hunch...if things get real bad again---people will flock to gold, not precious metals...also-eagles have no reporting issues....also, rhodium and palladium are too dependent on car sales or the converters...I traded $450,000 away over the past 3 months...all to gold. Im still holding my platinum and silver, but when and if they go up--Im trading those for more gold....just a hunch. Im up 400% plus so far, so my hunches are working so far...but Im an amatuer.

  7. #7

    Default

    Quote Originally Posted by blackdog69 View Post
    I just traded all my Palladium and Rhodium for Gold Eagles. Why....? Just a hunch...if things get real bad again---people will flock to gold, not precious metals...also-eagles have no reporting issues....also, rhodium and palladium are too dependent on car sales or the converters...I traded $450,000 away over the past 3 months...all to gold. Im still holding my platinum and silver, but when and if they go up--Im trading those for more gold....just a hunch. Im up 400% plus so far, so my hunches are working so far...but Im an amatuer.

    Today, I just sold my last Palladium and Rhodium to Kitco. Kitco is the best in terms of buying back Palladium and Rhodium that I know, so I feel good about supporting them in other ways. However, given that you can sell back a record of ownership of the Palladium and Rhodium for more then the actual physical bars (unlike with Gold, Silver, and Platinum) - I don't think I'll ever get physical Palladium and Rhodium again. Stacking best kept to the big three that can command a premium for being solid. For both, I spent about three times less fiat for them than I'm selling --and it's only been a few years. Sell high, buy low, keep it simple -- no matter how much the pop news may confuse you.
    “Of all the contrivances for cheating the laboring class of mankind, none has been more effective than that which deludes them with paper money.”Daniel Webster (1782-1852)

  8. #8

    Default

    Nobody knows. Palladium and Rhodium keep going up, and now I'm out. How far of the peak did I miss? Rh to 10K? Palladiuim to 2K? Nobody knows.
    “Of all the contrivances for cheating the laboring class of mankind, none has been more effective than that which deludes them with paper money.”Daniel Webster (1782-1852)

  9. #9
    Join Date
    Nov 2019
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    4

    Default

    Does anyone the rate of Palladiuim now?

  10. #10
    Join Date
    Jan 2017
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    4,130

    Default

    No end to the good fortune of palladium.
    ---------------------------------------------

    There is a continuing, persistent shortage of metal.

    Only palladium and rhodium can reduce emissions of nitrogen oxide.
    But palladium is 2,000 $ and rhodium 5,000 $

    https://www.kitco.com/news/2019-10-3...-for-2020.html

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