Thursday, October 30, 2008

Where Can I Buy Rhodium Coins Rhodium Bullion?

I want to Buy Rhodium Coins!

Many people ask about buying rhodium coins or rhodium bullion. To make the answer short: there are no rhodium coins or bullion. This is not to say you can't invest rhodium, but it's not as easy as gold or even palladium.

Sheet Rhodium

There are a few reasons why they don't make rhodium coins or rhodium bullion:
  • Rhodium: rare. There are only 25 tons of it mined per year
  • Rhodium: brittle. If it were in coin or bullion form, it could easily break.
  • Rhodium: expensive. An ounce it would costs thousands of dollars. Rhodium reached $10,000 for 1 oz this year, I'd imagine that a coin would have had a 10% premium. It is only $1300 for 1 oz now, but if they had them, they wouldn't be selling for any less than $3000
  • Rhodium: popular. No one really knows what rhodium is. If governments were to make a coin with 90-some percent rhodium, there would be very little interest.
Pure Rhodium

Uses for Rhodium, What Uses Rhodium?

What uses rhodium? Rhodium is a good conductor and catylist. Rhodium used in special types of wire and is mixed in most catalytic converters in cars. In fact, it can be salvaged from these catalytic converters and sold, if you can find a buyer. Jewelry makers use rhodium. Rhodium coating on jewelry makes cheap jewelry shine as well as platinum or palladium jewelry. Rhodium is expensive, but they use such a fine coat if it that it's worth next to nothing. TIP: put Windex on a paper towel and rub it on some cheap rhodium-coated jewelry. You'll see rhodium on the paper towel!

Rhodium Pictures: I want Rhodium Photos!

I added a few rhodium pictures to this page. The top picture shows you the white, silvery shine of a sheet of rhodium. The next picture is pure rhodium in it's raw, but non-powder form. Below you have rhodium wire, and rhodium-plated ring. There is a lot of rhodium-plated jewelry. I ring or a necklace can be a cheap rhodium as $5.00. You won't get much rhodium off it though!

Rhodium Wire

Rhodium-Plated Ring

Platium Coin Sells for $6000!

$6000 for Platinum Coin!

Check out this YouTube video of a Platinum Eagle selling on a QVC type channel. Apparently there were only NINE of them that were in perfect MS70 condition. That's expensive platinum! As I write this platinum is $840 an oz. These, however, are a bit more. Wow!

Saturday, October 25, 2008

All Commodities Down!

In the fast few weeks we've seen the prices of EVERYTHING drop! If you want to buy palladium now is the time, that's for sure! Oil is down to $63 a barrel. That's cheap oil. I truly believe the government is doing their best to keep it down. And, while oil is down you'll find palladium cheap. Palladium follows platinum and silver which more or less follow gold, but swing at higher percentages. Silver, palladium, and platinum have dropped around 60%. Gold only around 30%.

So, what can you infer from this? Buy palladium online now if you can find it. I'm looking into buying silver instead of palladium because with fees on palladium expensive like they are, you're paying double! The key is to buy a from the big gold companies. The drawback of doing that is that if you want palladium coins, they're going to make you buy a minimum of 10 oz or so. You can buy just one 1 oz coin palladium.

The Dow is down too. This isn't new news (I haven't updated this blog in well over a week). The Dow is in the mid-8000s. And precious metals took another 5-10% dip last week too. Looking at history, you'll see that gold and oil rise and fall similarly (at the time of this entry I haven't found one, but I'll find a chart to attach here). And you'll see that as the stock market goes down, oil and gold go up.

So, is everything going to stay down? Frankly, I'm surprised. I thought gold would shoot up with the stock market fall. What's funny, EVERYONE is buying gold now too, as it's cheap! Rare palladium is the bad result for us! As an industrial metal manufacturers have a use for palladium whether its price is up or down. I believe, that like oil, the government is manipulating the gold price and keeping it down, in order to keep the dollar from collapsing.

This is something interesting and I don't know how it relates: the dollar has fallen 10% versus the yen in the past week. Why?

Monday, October 13, 2008

My Newest Coins: Palladium Maple Leaf 2007

If you keep up you probably already know that the most popular palladium coins are the palladium Maple Leaf. It would be quite interesting to the non-palladium investor that the palladium Maple Leaves coins were only coined for three years. The Canadian mint coins palladium, but the Maple Leaf wasn't a popular palladium coin; although the gold and platinum Maple Leaf is quite popular.

2005 Palladium Maple Leaf Coin

There were 60,000 2005 Palladium Maple Leaf coins made. This was the first year of issue. However, there were some Palladium Maple Leaf "test" coins. They wanted to test the use for palladium coins in the market place. They made A and B, and there were only 150 of each made. These are the most expensive palladium 1 oz coins due to their scarcity.

2006 Palladium Maple Leaf Coins & Constellation Coin

There were many more coins minted in 2006; nearly 70,000 to be precise. Those who wanted the palladium Maples could now easily invest. Palladium Constellation coins were also made. There were 300 for each season. Each Palladium constellation coin shows an adult bear and a cub. The constellation is in a different position for each season.

2006 Palladium Canada Maple Leaf Constellation Coin

2007 Palladium Maple Leaf

Demand for palladium coins waned. In 2007 there were only 15,000 palladium Maple Leaf coins minted. Since there are so few, they are harder to find. However, 15,000 is still a lot so they are not really selling for any higher than the 2005 and 2006 palladium coins. Now take a Chinese Panda, for example, of which only 3000 were minted, and they are worth a lot.

2007 Palladium Canada Maple Leaf

My Newest Coin

I have palladium Maple Leafs, but I didn't have a 2007. Most Canada Maple Leaf coins go for around $350 on Ebay, regardless of the year. But, I was finding more 2006 cheap palladium coins for around $300, so I bought mostly 2006s. I wanted a 2007 palladium Maple to round out the set, so I found a guy online who was willing to trade. He was going to mail it, but instead, I found out that he lives 30 minutes from me! We didn't notice until we exchanged addresses. So, we traded, I gave him $10 gas money to say thanks for helping out, and we each drove away with the coins! I'm so happy I have my 2007!

Wednesday, October 8, 2008

2001 prices of Palladium: Invest $1000 for Only 1 oz?!!

Today we're going to discuss the 2001 skyrocketing prices of palladium. Invest $200 now and get 1 oz. Back in 2000, to get palladium, invest only $100 and get 1 oz. Now that's some cheap palladium! However, this happened:

The Russian state treasury, Gokhran, indicated that no pgm would be sold in 2001, forcing automakers (and other users) to move to ensure they would have adequate stocks. The white metal rose to $956 on the last trading day of 2000. In January of 2001, palladium hit a high of $1,090 (

So, Russia stopped selling and palladium skyrocketed from $100 to $1000/oz due to car manufacturers needing it and Russia not selling it. Platinum jumped from $400 to over $600 as well, and, like Pd, fell back near its previous levels. The main reason for platinum rising and falling was also due to Russia's hoarding. At that time thousands of people were willing to invest. Palladium was higher than any other precious metal.

Platinum vs palladium? Invest low and sell high, right?

Well most people don't do it that way. When you find palladium cheap, like it is now, no one wants palladium. Invest when it was high and everyone wanted to invest! Palladium was bought mostly by car manufactures, but investors got in on it too.

Needless to say, when the prices fell, some investors and car companies lost millions. A few months ago everyone wanted platinum because it was so high. But not many are interested now that it's low. I think we'll continue to see palladium cheap for some time now, then when platinum follows silver and gold up, people will again want to invest. Palladium cheap and others high? Palladium will follow along slowly. So, it's easier to invest! Palladium just follows the trends, so you can't lose!

People now say there's a palladium surplus and it won't rise again as it did in 2001. Well, this year it reached $600 as gold was over $1000 and platinum was over $2000. So, although Pt and Pd are industrial metals, they are also attractive to those wanting to invest. Palladium is the most volatile, and the most alluring of the main four precious metals. It's sad that it's so unpopular.

Palladium vs Platinum, Platinum vs Palladium: Which to Buy?

Most people know about silver and gold and how they are worth a lot of money. But few know about platinum and palladium. People investing precious metals know about the differences between platinum vs palladium, but, if you're new, you might not.

When people want to invest in precious metals, they buy gold. If they want to mix it up, they'll buy silver. You see, women aren't like this, but men have a way of switching up what works and trying to make it work better. Men take more risks. So, they jump into silver. But, in recent years platinum has become popular, especially since it hit $2000 an ounce earlier this year. To some, platinum was more attractive than gold. It's similar in volatility to silver, but worth A LOT more. But, what about palladium vs platinum?

Platinum vs Palladium

The platinum vs palladium debate is one with no rights and wrongs. It's all speculative opinion when it comes to future values. Let's look at some facts before we get to the opinions of palladium vs platinum:
  • Platinum is more useful in industry.
  • Platinum is more expensive.
  • Palladium is several times as rare.
  • Platinum wins in platinum vs palladium in industrial situations, but palladium can often be substituted for platinum
  • Due to platinum's price, they are increasingly finding ways to substitute palladium
  • History proves that palladium is more volatile
  • Platinum has been as high as 2-3x the price of gold at the time
  • Palladium has been as high as 4x the price of gold at the time
  • In 2001 palladium was 140% the price of platinum
  • In 2008 platinum was 4x the price of palladium
  • Palladium vs platinum spark plugs: palladium cost more, so I bought platinum :)
  • Today gold is basically equal to platinum and 4x the price of palladium
So, what can we infer from these platinum vs palladium facts? What I've been saying all along: platinum may double in value, but palladium may quadruple. I'm so curious to see what happens!

Will Gold Pass Platinum?

Technically it shouldn't, but temporarily I think it could. I think gold could hit $940 by Wednesday and it's not that I necessarily think platinum will fall, but if it does fall another 5% or so, gold will be above it!

Kicking myself for buying platinum AND gold now, should have stuck to just gold. Oh well. I was kicking myself a few months ago for not buying all platinum. Depends on the point in time what you're kicking yourself for!

Sticking to gold is the safest. The white metals are more volatile. Do you want to save for the long term? Gold. Do you want to play the markets and sell at peaks? Palladium, platinum, silver.

Investing: Precious Metals 101

This blog entry should have been posted before, because it has the basic principles needed to be investing precious metals. But, late is better than never. I like writing about principles such as the following because it helps me remember the basics!

Investing: Precious Metals

I didn't get heavily involved in investing precious metals until a year or so ago due to a) finally having an interest in my on financial affairs and b) a friend demanding that I watch a few videos on gold and silver. I guess I was pig investor in a sense, because if gold and platinum hadn't have been rising, my friend wouldn't have convinced me to get in. At that time I wasn't buying palladium and silver, because the local shop only had gold and platinum. Now, I'm I'm still investing; precious metals palladium and silver are my choices.

Last year I got in the market, but I was moving houses, so I got out at the peak and sold a lot of what I had. I kind of lucked into making myself a large amount of pocket change! But, now that I know what I'm doing, and now metals like silver and palladium cheap, I want to buy more and more! I have some, but I'm going to need the money for my business (unrated to investing in precious metals). The only thing I can do right now is sell of some gold which is relatively high for some silver which is pretty low. There's not much else I can do without the cash. I will need the other money I have to live on for the next few months and pursue other investments.

Thinking of Investing: Precious Metals Basic Info

If I had the money I'd stock up on the white metals now, and sell when the reach the levels they were this spring. Then when they drop below that I'd get some more, save for the long term, and forget about it for a while. Sure, all the metals will triple in value in 5-10 years, but, if we only have $5000 invested, we can't hope for a very big payoff in 5-10 years. If we invest $50k now though, we'd make a lot more!

I know this is investing 101 here but reiterating it helps everyone learn. Plus, there might be beginners reading this who need some insight!

Thanks for reading!

If you'd like to learn more, please search this site or others for some of these terms: Investing precious metals, palladium, palladium coins, coins palladium, use for palladium, etc

Sunday, October 5, 2008

Cash vs Precious metals

What is beter to have now, cash or precious metals? Metals of course!

However, not everyone can think about the future now. Some people need the cash to survive. The ideal for them would be to increase that cash, THEN take that money to use for palladium or another precious metal and hold it into the future.

We've got crazy bargain prices now and I'm mad that I can't buy much more! Even if gold were $2000/oz I think that would be a bargain compared to what we might see in 2015. Hopefully we can all buy a lot now and sell at 3x our money in a few years. But for most of us, we can't afford to buy that much right now to make much of a difference

Tanaka Gold Bars Use for Palladium Trade

However, I have a couple Tanaka bars and am going to try to sell them (save money to use for palladium)...on Ebay...for 120% of its value like everyone else does (I bought a few coins last month at 150% of their value so I guess it's fair). I don't see gold rising faster than the money I'm hoping to invest in my own business, so I'll sell, make money by working, then have more money to use for palladium!

Here's the Tanaka site. You probably don't have Japanese fonts installed but you can see the daily selling price on the right (and they don't pretend they're sold out like they do in the US!) and if you click the yellow under that they show the buying and selling price which is fixed at 9 am Mon-Fri (and they sell Sat at 4 pm at the Fri morn fixed price!). (Tanaka's small English site.)

Anyway, my question is: Are these bars well-known? I don't find any on Ebay and not much mention of them anywhere except in Japan. They're great quality, and I only choose them over the American coins because they were charging a $60 premium for each coin, so I would have had to pay $120 more as compared to buying an equal amount in bullion bars.

Do you think it'll sell? I'm pretty good with my wording and responding to possible buyers. I was thinking to put $1750 on a 50 gram bar and see what happens. If sold at that price, my Ebay + Paypal fees would total $100. Will let you know!

Silver Philharmonics Premiums in Japan

It's my assumption that Austrian Philharmonics 1 oz do NOT have a numismatic value. In fact, when I called (I think it was Monex) to buy cheap palladium, the guy told me they were out of Pd but he recommended 100 oz of Philharmonics silver coins and there was no premium (I would have paid $1300 or so, but I wanted Pd).

So, why is Tanaka Japan selling them for $60 each? Hard to import to Japan? Japanese are stupid and think they're platinum?? I bought from Tanaka in Japan before and they had a premium on coins over bullion, but it was only about 5%, not 500%!!

Click for link (in Japanese, but you can see the price of 6,300 yen, which equals $60).

Thursday, October 2, 2008

Palladium St. Gaudens Coin

Just so my readers don't miss out, palladium St. Gaudens coins may be released soon! The House of Representatives authorized it, but it must pass through the Senate and signed by the president. If so, we'll have palladium St. Gauden's!

I would like to get one of the special issue coins, the first St Gaudens palladium on the market. If not, maybe one of my readers can get and sell me one!

The coins will be mined from US palladium in Stillwater, Montana. 2009 gold St. Gaudens are already set to be released.

Spot Palladium Premiums

QUICK SUMMARY: Palladium coins online have been hard to find. Now, they're even harder. When you do find them, they are selling for double the spot price. With palladium cheap right investors are hoarding and/or flocking to buy.

Screen shot taken from my "secret" selling source
for cheap palladium and cheap platinum. Notice the "sell"
boxes are empty.

There goes my "secret" palladium source! I found a single-page site online of a place that was selling Pd Maple Leaves for about $30 over spot when the Pd price was $240 (so they were selling for $270 at that time). I called but didn't buy because I didn't want to buy the minimum.

Then the other day, I reconsidered after seeing the cheap palladium price drop below $200. So, I just checked my site: not selling! They're hoarding their stash! So, if you're a small-time seller on Ebay or something, you just add a 50-100% premium and sell. If you're a respectable, big-company seller, you pretend you're sold out!

So, that's how it's looking today. Palladium futures and Platinum futures, at least if you ask the big sellers, are going up. When I have a use for palladium--when we hope to find cheap coins--the rare metal becomes even rarer. I'm curious too see where we'll be in a week or so!
WAIT! Thanks for reading, but you're not done yet! This site has nearly 50 FREE ARTICLES regarding how, why, and where to buy palladium online. To see these simply see the "Blog Archive" atop the right hand column. Here are two favorites: Inflation Adjusted Charts and Fail-Proof Wealth Plan.