tag:blogger.com,1999:blog-31724445939685406672024-02-22T00:20:20.623-05:00Buy Palladium...and Buy Rhodium. Investment advice on both. We include where to buy rhodium, buy palladium coins, coin palladium, palladium Maple Leaf, Pamp coins palladium, Pamp Suisse palladium bullion, palladium bars, paladium coins, numismatic coin value, rare coins, coin palladium coin dealers, rhodium value, rhodium coins, rhodium bullion, rhodium bars, rhodium coin, rhodium price, Cohen rhodium coin. Click articles on below right. We update each few days so stop back often!Unknownnoreply@blogger.comBlogger88125tag:blogger.com,1999:blog-3172444593968540667.post-26837692716009780622013-07-11T01:45:00.001-04:002013-07-11T01:47:22.779-04:00The Other Precious Metals: Part II<span style="color: blue;"><i>I'd like to thank Loren Howe, guest author and founder of preciousmetalpurchase.com for providing this article for us. Mr. Howe has been involved in precious metal investing for over a decade and here is providing us some information on those rare metals that are not "silver and gold." Mr. Howe can be reached at info@preciousmetalpurchase.com.</i></span><br />
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The Other Precious Metals: Part II</h2>
Indium, germanium, and iridium are available for physical purchase or resale through www.preciousmetalpurchase.com. Another option is holding industrial metals through offshore storage programs. The company www.swissmetalassets.com in Panama first developed this option. Through Swiss Metal Assets, much like an ETF, an investor can purchase and resell interest in several baskets of metals including indium, gallium, tellurium, tantalum, hafnium, bismuth, rhenium, molybdenum, chromium, and tungsten. A Canadian company www.smg-indium.com also operates as an ETF for indium. Lastly, many industrial metals are often available for physical purchase or resale through EBay.<br />
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Rare industrial metals are used almost entirely for industry with little room to accommodate investment demand. Nearly all LCD screens, for example, use a dollar or so worth of indium. The price of indium could rise over 10 times before noticeably impacting the finished price of computers or flat screen televisions.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5VyKKyIU_ufzkcKFyK7w4F8UAlZPxBZ3XL_OUGgNW2X-EX4HyiUBf7NB1hqxV6w7q1rtTRf_mQi6klPLe9mFlHZHJ6pzpso7pIcBCw3mIzUUoCsGsNTQq4BZSEGAjm_41u-TRVN5ZiZr2/s1600/germanium.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5VyKKyIU_ufzkcKFyK7w4F8UAlZPxBZ3XL_OUGgNW2X-EX4HyiUBf7NB1hqxV6w7q1rtTRf_mQi6klPLe9mFlHZHJ6pzpso7pIcBCw3mIzUUoCsGsNTQq4BZSEGAjm_41u-TRVN5ZiZr2/s1600/germanium.png" /></a></div>
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<b>Germanium Bar</b><br />
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It is little wonder that the media grudgingly tells "precious metal"
investors to put their money into mining stocks, ETFs, or as a last
resort physical gold and silver. Investing in mines subsidizes metal
production and drives down prices, while gold and silver investors bid
in competition mostly against other sound money proponents. It is
interesting to imagine what would happen if sound money proponents
forced the market to either allow a non-inflationary currency, or suffer
the true consequences of price inflation.<b> </b></div>
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We can see partially, with silver, what happens when investors drive up the price of a rare semi-industrial metal which is not fully controlled by the Establishment. Despite sale from stockpiles, the price of silver increased by a factor of 10 in less than a decade. Now imagine what could happen with metals far more rare than silver, vital to industry, but with no current investor demand.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEizAsDnV1oPrltIXAV4LoShuBSOyFhP4IfXWsbSCorpmPdqX1y7jINadSIF3UWI2lVbsbk5AcpX4x5GTd9de2xpkzleihiLBEjaAK7KaDZ3W4PrqiTP7IslxnIMCiApzm23JDaRm5EdA17l/s1600/indium_single_bar1-300x169.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEizAsDnV1oPrltIXAV4LoShuBSOyFhP4IfXWsbSCorpmPdqX1y7jINadSIF3UWI2lVbsbk5AcpX4x5GTd9de2xpkzleihiLBEjaAK7KaDZ3W4PrqiTP7IslxnIMCiApzm23JDaRm5EdA17l/s1600/indium_single_bar1-300x169.png" /></a></div>
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<b>Indium Bar</b></div>
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In the interest of giving a balanced picture, it is
necessary to discuss the downsides of rare industrial metals. A major
problem, as discussed, is repression of the market in the Western
Establishment. It becomes difficult to trade these metals when at every
turn, you find a monopoly unwilling to deal with investors. Due to the
general lack of an investor trading community, the spreads on rare
metals tend to be greater - in the same way that the spread on palladium
is greater than the gold spread due to a shallower trading pool.
Secondly, although rare industrial metals are currently somewhat ignored
by the media and regulators, it is likely that attacks will be stepped
up if they begin to catch favor with investors.<br />
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he fight for sound currency has always been difficult, but the community of sound money proponents has been making large gains in education (and profit) over the last decade. Rare industrial metals are a new tool which was effectively hidden but is finally coming to light. It will be interesting to see if this proves to be an unnoticed Achilles’ heel of fiat currency.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-3172444593968540667.post-24205039722096894422013-06-21T15:13:00.000-04:002013-06-21T15:22:07.290-04:00The OTHER Precious Metals: Part I<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;"><span style="color: #0b5394;"><i>I'd like to thank Loren Howe, guest author and founder of preciousmetalpurchase.com for providing this article for us. Mr. Howe has been involved in precious metal investing for over a decade and here is providing us some information on those rare metals that are not "silver and gold." Mr. Howe can be reached at info@preciousmetalpurchase.com.</i></span></span></span><br />
<h2>
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">The Other Precious Metals: Part I</span></span></h2>
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">When people think of investing in precious metals, what immediately comes to mind are gold and silver. A few will also remember platinum and palladium. However that's not the full story. There are quite a few rare metals which are largely ignored by the media and are therefore almost never considered by any investor. It's interesting to learn how we got to this point.</span></span><br />
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<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2ZG4UzutLOZe3MNPcHbsNVs4-n05XjWO4b6oos4J2hKhJS8vEf7aUy4ZRMOyd5F9vIjECYLGPPXy7BG2XCLJXXeHJ9yC7Ddid6oUGl1c3rK3hs3tyneGYsvLfjjRI-KYtkKuVSeNF8cW4/s1600/Gold+in+silver+bubbles.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="251" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2ZG4UzutLOZe3MNPcHbsNVs4-n05XjWO4b6oos4J2hKhJS8vEf7aUy4ZRMOyd5F9vIjECYLGPPXy7BG2XCLJXXeHJ9yC7Ddid6oUGl1c3rK3hs3tyneGYsvLfjjRI-KYtkKuVSeNF8cW4/s320/Gold+in+silver+bubbles.jpg" width="320" /></a></span></span></div>
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<b>Traditionally investors have only purchased </b></span></span></div>
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<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;"><b>well-known metals such as gold and silver</b></span></span></div>
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<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">With the partial exception of silver, mining conglomerates and banking industry stockpiles exert strong control over the "precious metals" market. Consider that smart bankers know the main competitor to fiat currency is precious metal. What better way to neutralize the competition than to buy it out?<br /><br />Yes, standard precious metals still provide an inflation hedge, but the Central Bankers can sell their stockpiles or short sell futures contracts when the market overheats in an attempt to suppress metal prices. Finally when each inflation cycle slows, the metal markets drop. The large banks, which are experienced in this process, can buy back their stockpiles on the cheap. If hyperinflation sets in, governments often confiscate precious metals - which somehow always seem to then find their way back into the hands of the Central Bankers.</span></span><br />
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<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCe_NSjR1gk9G7nhlp5BhvLMNmgvbNeQSyfj6FzSBkVBubACkmlvqErV9Ta6gU2miqdRGZYgEnX9YmcS7_7ySA7gQjth6Seru1wgPRUlWbYAIz2KlCA9tZapTTlu2MaDwKydlr3Qr8vK43/s1600/2007+Palladium+Maple+Leaf+(front).gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCe_NSjR1gk9G7nhlp5BhvLMNmgvbNeQSyfj6FzSBkVBubACkmlvqErV9Ta6gU2miqdRGZYgEnX9YmcS7_7ySA7gQjth6Seru1wgPRUlWbYAIz2KlCA9tZapTTlu2MaDwKydlr3Qr8vK43/s1600/2007+Palladium+Maple+Leaf+(front).gif" /></a></span></span></div>
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<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;"> <b>A rare palladium coin. Most people will never touch a </b></span></span></div>
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<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;"><b>.999% pure form of this metal in their lifetime</b></span></span></div>
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<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;"> Precious metals are certainly still one of the best ways for small investors to protect their savings. That's especially apparent in recent years. However, the Banking Establishment responses described above do create significant difficulties for small investors.</span></span><br />
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<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">This history was my starting point to research "other rare metals." The first fascinating thing you'll learn about other rare metals is that you are not allowed to buy them. Call up the very limited number of refining conglomerates which dominate the market. Ask, as an investor, to buy rhodium, iridium, indium, etc. It is simply not for sale to investors at any price in any quantity. Sure that's an apparent violation of anti-trust law, but regulations haven't been much of a hindrance in corporate America for decades.</span></span><br />
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<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi1_3rbeVn3ieohcJBpCiWgHj2DzzcuGQMmokU91BuLOT3dYw6UMxiwBBaFKWTPk6l2wS0ZQmkgvncgvh_e7dWiGNJvPFvCgccZiFr2M8rvFpjUtTQYCpZquXxL6kCXF-5A0Nic9qP9IeV5/s1600/Rhodium+sheet.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="273" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi1_3rbeVn3ieohcJBpCiWgHj2DzzcuGQMmokU91BuLOT3dYw6UMxiwBBaFKWTPk6l2wS0ZQmkgvncgvh_e7dWiGNJvPFvCgccZiFr2M8rvFpjUtTQYCpZquXxL6kCXF-5A0Nic9qP9IeV5/s320/Rhodium+sheet.jpg" width="320" /></a></span></span></div>
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<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;"><b>Rhodium is very rare. However, that $10 shiny necklace you </b></span></span><br />
<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;"><b>have might coated in a microscopically thin layer of rhodium. </b></span></span></div>
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<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">A very few small businesses have tried to physically sell ultra rare metals to investors using metal purchased from independent sources such as recyclers. It appears that targeting by government regulators often discouraged these attempts and the businesses closed shop. As usual, in Great Britain the situation has gone even further, with regulations restricting the sale of rare industrial metals to investors under the guise of fighting terrorist financing.<br /><br />Lastly, the Establishment attempts to control the conversation surrounding precious metals. We are told they are a bad choice, but if you are going to invest you only have four metals to choose from. The tiny minority of people who look past those four metals are then geared towards the rare metal rhodium. While rhodium certainly qualifies as a rare metal useful to investors, it is no more so than a dozen other unmentioned choices. The difference is that rhodium is largely monopolized by the same mining conglomerates which control the other platinum group metals. Thus, rhodium is available in a very limited number of investment options approved by the conglomerates which dominate production. There is a rhodium ETF (not available to Americans) run by Deutsche Bank and physical rhodium is available for purchase and resale through www.kitco.com. The remaining rare metals are ignored or occasionally ridiculed as investment vehicles in the Establishment media.</span></span><br />
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<b>A jar of iridium powder. Very rare. The metal is brittle and </b></span></span></div>
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<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;"><b>unable to be fabricated into .999% pure bar form</b></span></span><br />
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<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;">The most reliable way around Western monopolies is to purchase metals which are produced outside of the Western Establishment's control. Fortunately there are numerous rare and valuable metals which are not dominated by conglomerates and which give investors unique opportunities. For example, indium is about half the price of silver but 40 times more rare, while germanium costs 3% of the price of gold while being 20 times rarer. Iridium costs around half the price of gold while it is an astounding 500 times more rare than gold by mining production. The entire annual world production of iridium could fit in a small bathtub.</span></span><br />
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<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;"><b> Rare germanium in bar form available from <i>preciousmetalpurchase.com</i></b></span></span></div>
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<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;"><span style="color: #0b5394;"><i>Check back next week for Part II of this article which will contain more information of how to invest in rare precious metals and where to buy them at a fair market price. </i></span></span></span></div>
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<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_M4Kiga6gUKGI3B3wx0IKmJCKA8YCRCjG7E8QY2mSc1sklrInhbIxX4X2hYJoTjgID_ObwaKlHGpvFR9WMeWNeZcErM-oKkiUDHvHs9-yfzsTcrnN6u06Ej4b8iR0KVe7GHWo6nKTqFbv/s1600/indium_single_bar1-300x169.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_M4Kiga6gUKGI3B3wx0IKmJCKA8YCRCjG7E8QY2mSc1sklrInhbIxX4X2hYJoTjgID_ObwaKlHGpvFR9WMeWNeZcErM-oKkiUDHvHs9-yfzsTcrnN6u06Ej4b8iR0KVe7GHWo6nKTqFbv/s1600/indium_single_bar1-300x169.png" /></a></span></span></div>
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<span style="font-size: small;"><span style="font-family: Verdana,sans-serif;"><b>500 gram bar of indium</b></span></span></div>
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-3172444593968540667.post-15197059089165377342012-09-17T21:35:00.000-04:002012-09-17T21:35:20.599-04:00Cohen Mint Scam: Rhodium<h2>
Cohen Mint Scam: Rhodium</h2>
For years I've been a big fan of The Cohen Mint. I bought from them, had a couple conversations over the phone with the founder of the mint, and even did an interview with him that you can find <a href="http://buy-palladium.blogspot.com/2009/07/cohen-mint-rhodium-coins-rhodium.html">here</a>.<br />
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Now, over these past few years I've seen dozens of negative comments regarding Mr. Cohen's business. When I ordered my palladium coins or rhodium bars I realized that it might be a few months until they were delivered. So, I assumed that the complainers were just impatient. I think I assumed wrong!<br />
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I believe I placed my last order in January 2012. I received my bars in May 2012. Problem: bars were both cracked. I contacted Cohen Mint several times and haven't gotten a reply. I called on the phone and haven't gotten an answer. Cohen Mint knows that I'm stuck with cracked bars. Cohen Mint SHIPPED me cracked bars (no way did they crack during shipping because they were padded well). <br />
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So, I'm just putting this out there that I've done a 180 with the Cohen Mint company. I will do no further business with them. I asked for a couple rhodium bars, not cracked rhodium bars. I should have listened to everyone else<br />
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)Unknownnoreply@blogger.com8tag:blogger.com,1999:blog-3172444593968540667.post-12972262808649849142011-09-28T22:23:00.002-04:002011-09-28T22:29:28.014-04:00Buy Silver!?I'm currently traveling Europe right now so any move I might like to make will be...not made.<br /><br />The only move I see that I would be making, though, is possibly to sell gold. Or, that would have been the goal a week ago. I don't know if silver is going to continue to drop or not. I'm hoping it will, because if it does "buy silver" is a sure rule! However, now, again, it's hit or miss. If one were to sell gold and buy rhodium I would completely understand the logic!<br /><br />I still have platinum that I haven't sold because I feel it's undervalued. I've feel that way for a while but the world hasn't so, as we speak, gold is higher than platinum. Hmm...<br /><br />Advice? I have none I'm strongly giving except to wait. If anything, silver has fallen a higher percentage than gold, so, selling gold and buying silver would not be an unfounded decision. Personally, though, I see $22 as silver's price and gold at $1600, meaning silver could still drop more than gold (if I were the world emperor, which I'm not!). <br /><br />Sooooo, in other words, I'm not doing anything with my metals/money at this point. If ANY of the five metals drops another 20% I say buy! If gold goes up 20% I say buy silver because it will follow.Unknownnoreply@blogger.com3tag:blogger.com,1999:blog-3172444593968540667.post-30646723454365046622011-04-29T22:01:00.003-04:002011-04-29T22:12:23.093-04:00Rhodium Price Drop Again<h2>Rhodium Price Drop Again</h2>We've been seeing quite a bit of activity in the rhodium price over the course of April. I can't tell you how timely this is for my investment strategy!<br /><br />With all the other precious metals at or near their all time highs, rhodium is no where close. Granted, it may never go as high as $10,000 per ounce again, but still, I feel it's greatly under valued at the current $2200 per ounce.<br /><br />What I feel will happen is that either rhodium will reach $5000 before this PGM run is over or else the other metals will come tumbling down without rhodium falling too much. I could be wrong, but my strategy is to buy rhodium. But why buy now when it keeps falling? The more it falls the more I can buy, also, the more room it has to climb!<br /><br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://www.kitco.com/LFgif/rh0030lnb.gif"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 450px; height: 275px;" src="http://www.kitco.com/LFgif/rh0030lnb.gif" alt="" border="0" /></a>Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-3172444593968540667.post-74126517291272358992011-04-19T19:57:00.003-04:002011-04-19T20:50:50.338-04:00How Metals Have Faired Over the Past 5 YearsTimes have been turbulent for most of the metals. I've made personal charts with pen and paper to figure out the percentage gains of each metal versus the other metals, etc. I did this because a) I don't have a chart-making program on my computer and b) the online ones don't give me what I want to know. Let's take a quick look at some of the things that have been happening.<br /><h2>Gold Is Rising</h2>To start with, gold has proven to be a great investment over the past 5 years (it's been good for longer than 5 years but I use PGMs as a medium-term investment vehicle). As you can see, if you would have sold in early 2008 for cash and rebought it late that same year, you would have increased your holdings by about 25%. From that low point of under $800 in 2008 until today, gold has nearly doubled.<br /><br />Gold is too slow, steady, and boring for me. It will continue to keep up with inflation If you want to buy gold I'd wait, as it's now at its all time highest price. <br /><br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://www.kitco.com/LFgif/au1825nyb.gif"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 450px; height: 275px;" src="http://www.kitco.com/LFgif/au1825nyb.gif" alt="" border="0" /></a><br /><h2>Silver Rose A Lot, May Rise More, But Will Definitely Fall</h2>Silver, like gold, has proven to be a good investment. If you did the same as gold--sell in spring 2008 and buy back in the fall--you would have increased your holdings by 100%. And, due to luck, perhaps, if you ended up buying in late 2008 and holding until today, you would have increased your holdings by 400%.<br /><br />I always try to give a little advice when I can. Although no one knows what will happen, this is what I predict: silver might hit $50, but I think its run is coming to an end. Conclusion: sell your silver now!<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://www.kitco.com/LFgif/ag1825nyb.gif"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 450px; height: 275px;" src="http://www.kitco.com/LFgif/ag1825nyb.gif" alt="" border="0" /></a><br /><h2>Platinum Did Better a Few Years Ago</h2>I don't mind bragging a bit saying that I sold some Platinum when it was at its peak back in 2008. I will however, admit that I wish I had bought it back at the <span style="font-style: italic;">end </span>2008. I would have realized over 100% gains!<br /><br />Unlike gold and silver, though, today, platinum is still 20% below its 2008 high. I feel something has got to happen here. Gold can't remain at $1500 if platinum is only $1800. Will gold fall? Will platinum jump to $2400? Look where silver is, with it's 400% gain. It's odd silver is on such a run and platinum has held steady. It will be one of the scenarios I mentioned, but I don't know which. If I had to buy or sell I'd flip a coin because it's not high enough to realize gains or low enough to know that it'll go higher anytime soon. <br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://www.kitco.com/LFgif/pt1825nyb.gif"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 450px; height: 275px;" src="http://www.kitco.com/LFgif/pt1825nyb.gif" alt="" border="0" /></a><h2>Our Good Friend Palladium Shines!</h2>I haven't been posting much but I have been sitting around watching the palladium I bought when it was $200 an ounce climb 400% to over $800! Again, yes, I'll brag, but c'mon, it was obvious palladium wasn't going to stay at $200 an ounce for long. Palladium fell further than the other metals, and kept falling after they stopped. It's risen as much as silver has, but silver did it all at once, Palladium took two years.<br /><br />The advice regarding palladium I've given has always been sound. You would have always made money if you bought or sold based on my suggestions (and I'd like to keep the record going that's why I don't post too many suggestions anymore). Prediction: palladium will fall considerably, probably in 2011. If you sell palladium now, I'm guessing you'll be able to buy it cheaper within the next 6 months. I'm hoping it hits $900 or so, though, before I do sell.<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://www.kitco.com/LFgif/pd1825nyb.gif"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 450px; height: 275px;" src="http://www.kitco.com/LFgif/pd1825nyb.gif" alt="" border="0" /></a><br /><h2>Rhodium, Rhodium, Where Art Thou?</h2>Rhodium, like platinum, had a huge 120% jump from 2006 to 2008. That was when you couldn't buy rhodium anywhere. I have my Cohen Bullion now and have investing in some pools (like stocks), but I wish we had these things back in the olden days of 2008! $10,000 an ounce wasn't significant when dealing in percentages. Looking at the chart it looks huge but now that I have my own charts I realize a few things:<br /><ul><li>If you bought rhodium in 2006 and sold in mid-2008 you would have doubled your money</li><li>Rhodium was the best investment from 2006 to 2008, followed very closely by platinum</li><li>Rhodium would have by far been the worst investment today if you had bought in early/mid-2008. <br /></li><li>Over the past 5 years (if you bought in 2006 and are still holding) rhodium would have proven to be the worst investment. Silver would have been the winner, gold second, palladium third, then platinum and rhodium<br /></li></ul><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://www.kitco.com/LFgif/rh1825lnb.gif"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 450px; height: 275px;" src="http://www.kitco.com/LFgif/rh1825lnb.gif" alt="" border="0" /></a><br />So, that's what's happened over the past 5 years. As always, any metal would have made you a fortune if you either got lucky or timed the market correctly. What does that mean? I think it means that the worst performer, rhodium, might be looking for it's time to shine! I would never buy palladium or silver right now. I would buy gold but not at $1500, maybe after it drops I would. And I'm unsure of what platinum will do. Rhodium. I will buy rhodium. In fact, as you can see by reading my posts, I already have!Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-3172444593968540667.post-58310891830500912062011-01-18T17:51:00.007-05:002011-03-01T21:17:57.410-05:00Behold! 1 oz Rhodium Bullion in my Hands!My first attempts to own rhodium failed. First I attempted to purchase it; yet it existed no where for the layman slash everyday investor to buy. My search took me to the dark, undercover areas of Tokyo, Japan. I was given a tip in Osaka that rhodium was available in small vials in "sponge" (powder) form, but I came home empty-handed. Imagine the horror. During this 2008-09 search rhodium was at just $750 an ounce.<br /><br />Next I attempted to buy bulk, looking for 4 other investors to go in with me and we each pay 20% and each get one 2 oz bar. I only found 2 other people. Finally, my search led me to Eitan Cohen, owner of the Cohen Mint. We spoke on the phone and I learned he had rhodium coins on the way! But, not only were they only one gram, I received several emails from buyers who had to wait months to have their orders filled (no, I'm not affiliated with Cohen Mint, but I assure you a) it's damn hard to make a rhodium coin and b) they WILL get it to if you're patient). Either way, I decidedI'd buy my 1 gram coins from an Australian reader of this blog. I didn't know him, but I trusted him enough to buy a few coins. The product was good, so I bought the rest of what he had.<br /><br /><div style="text-align: center;"><span style="font-weight: bold;">Cohen Mint 1-Gram Rhodium Round</span><br /></div><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDTlqEBhTEu0Z_y6uD6UCeAx0uq2Xp4SrwSc2ztobEluto9OE2Z_rCfl8PdmddQVyoXrJBpWD3vGR7wQikkOYpk409j_Nzd_nXJWKpF3UAnZpUkATAlyb-mkwFmn1kURtLI2b_VyAhZrq-/s1600/1-gram-rhodium-round.jpg"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 320px; height: 240px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDTlqEBhTEu0Z_y6uD6UCeAx0uq2Xp4SrwSc2ztobEluto9OE2Z_rCfl8PdmddQVyoXrJBpWD3vGR7wQikkOYpk409j_Nzd_nXJWKpF3UAnZpUkATAlyb-mkwFmn1kURtLI2b_VyAhZrq-/s320/1-gram-rhodium-round.jpg" alt="" id="BLOGGER_PHOTO_ID_5563670458032524514" border="0" /></a><br />But I was still several grams away from one ounce! So, when finally Cohen announced the 1 ounce rhodium bullion bar I contacted the company and made arrangements to purchase one. You need a cashier's check sent overnight (to make sure there's no huge price fluctuation) or else a bank transfer. I chose the former and FedEx (man, I hate FedEx!) didn't inform me that the don't ship to P.O. Boxes. So, I didn't get my cashier's check back until the next week because FedEx sucks. Then I had to pay to ship it with the Post Office. It was a pain getting my $30 back from FedEx too! Next time I do bank transfer!<br /><h2>1 oz Rhodium Bullion</h2>Email communication with Cohen Mint was good. Many readers of this site expect hourly replies. Sometimes that just isn't possible and I understand that, so I don't mind waiting a few days for a reply. After 2 months, my 1 oz Rhodium bar showed up at the local post office! I picked it up on my way to work and left it in my glove box where I thought it would be safest. Never had a break-in but the rhodium bar is worth nearly as much as the car!<br /><br /><div style="text-align: center;"><span style="font-weight: bold;">Cohen 1 oz Rhodium Bullion</span><br /></div><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEirFcfq6qHa6tAvVmnGOTaA8aPNZ2ZuILEhSeGbzA52lWb56aVuuF6uW_YxdynZcXnJ7BVYUg34mH5umQDi5lOYasGRCMFPhuyQIdB0Wg0kC9I16Cl8mXzcozgqkLqXjh3tftZ00PIgwsnI/s1600/one-ounce-rhodium-cohen-mint.jpg"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 320px; height: 240px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEirFcfq6qHa6tAvVmnGOTaA8aPNZ2ZuILEhSeGbzA52lWb56aVuuF6uW_YxdynZcXnJ7BVYUg34mH5umQDi5lOYasGRCMFPhuyQIdB0Wg0kC9I16Cl8mXzcozgqkLqXjh3tftZ00PIgwsnI/s320/one-ounce-rhodium-cohen-mint.jpg" alt="" id="BLOGGER_PHOTO_ID_5563670465511288338" border="0" /></a><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg9Pz-2EtN5gGvyOgIYQoQGpIeA8XIugPd7-RrBUjcn2e-WDJ8UJME_L-qXalpiRwWiXoq14SCVK4ReRVS-z96R7oKD55Oap34F95U9KKGJ29hAKNc9GRTXmKVRSD7byaKcwov7KIKmcxao/s1600/Rhodium-2011-certificate-of-authenticity.jpg"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 320px; height: 240px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg9Pz-2EtN5gGvyOgIYQoQGpIeA8XIugPd7-RrBUjcn2e-WDJ8UJME_L-qXalpiRwWiXoq14SCVK4ReRVS-z96R7oKD55Oap34F95U9KKGJ29hAKNc9GRTXmKVRSD7byaKcwov7KIKmcxao/s320/Rhodium-2011-certificate-of-authenticity.jpg" alt="" id="BLOGGER_PHOTO_ID_5563670467761007122" border="0" /></a><br />The coin is well-formed and smooth. There are intricate details on the coin that I wasn't expecting. I would have been happy with a slab of it stamped "Rh .999 pure" and a "Cohen Mint" somewhere on it. That's how Engelhard did their silver; and it was fine for most of us. Needless to say, it's a beautiful piece of rhodium. The bar is smaller than 1 oz of gold, which makes sense considering rhodium's density is 12.41 g·cm<sup>−3</sup> and gold is 19.3 (UPDATE: I was told I'm wrong on my physics here, but I'll just keep it that way for now!) Here is the size of the one ounce rhodium bar vs. the 1 gram rhodium coin. Notice the paler color of pure rhodium vs the nickel and quarter.<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbDjE5YvWkm_Kwlyf2ykmmYmYEJ2BOM09FMvwdZI23ZfXAujNb0pMOJYTSDmVS1Seq9YrEI1PJ4RM_uQUDCZhosUAqYTkfT_0MnOhEtGsDP0Q7fbdCeCms-ahGlRNTBh4J0Su9B16O72UR/s1600/rhodium-coins-rhodium-bars.jpg"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 320px; height: 240px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbDjE5YvWkm_Kwlyf2ykmmYmYEJ2BOM09FMvwdZI23ZfXAujNb0pMOJYTSDmVS1Seq9YrEI1PJ4RM_uQUDCZhosUAqYTkfT_0MnOhEtGsDP0Q7fbdCeCms-ahGlRNTBh4J0Su9B16O72UR/s320/rhodium-coins-rhodium-bars.jpg" alt="" id="BLOGGER_PHOTO_ID_5563670486085804450" border="0" /></a><br />When I made this purchase Cohen Mint was kind enough to inform me that they could not sell me a coin because they hadn't designed any yet, but that they had some in the works. I feel this is really respectable because if I had wanted a coin I could have waited for one (or four, actually, so that I'd have an ounce). Truthfully I kind of like the bar, but here's a preview of what the Cohen Mint has up its sleeve!<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDWs2RwWFMx3LfWEOkwh8nSPKXQSldcSKw0NM-fvJ7okNcfZtUaloTbr7r3NXIXsXoJyr6sxk5mA6le-AS3QDHCIOHnWNnFfjz_X6hkBEkOpvPTXmyhOb0H6h41epN9f_Ez0WIyhowdMhM/s1600/Round_Rhodium_Cohen_Mint-600x284.jpg"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 320px; height: 151px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDWs2RwWFMx3LfWEOkwh8nSPKXQSldcSKw0NM-fvJ7okNcfZtUaloTbr7r3NXIXsXoJyr6sxk5mA6le-AS3QDHCIOHnWNnFfjz_X6hkBEkOpvPTXmyhOb0H6h41epN9f_Ez0WIyhowdMhM/s320/Round_Rhodium_Cohen_Mint-600x284.jpg" alt="" id="BLOGGER_PHOTO_ID_5563673930987006322" border="0" /></a>Yes, that's a man on a horse stabbing a dragon. Let's hope they can make it this awesome!Unknownnoreply@blogger.com13tag:blogger.com,1999:blog-3172444593968540667.post-62000193578582391872010-04-21T21:34:00.003-04:002010-04-21T21:47:53.286-04:00Palladium Soars! Sell Now?As I sit here, personally not making many precious metals moves other than purchasing some rhodium, I'm quite happy with my 2008 purchase of Palladium Canadian Maple Leaf coins. The price was $200 then; $600 now. This blog includes a lot of my opinion which I guess you could say is "investment advice" (though I don't view it as advice in the sense of advice of journalists who have never owned precious metals in their lives. Plus I blankly state when something is my opinion).<br /><br />However, my idea of buying palladium in 2008 and selling when it reaches a high point, if implemented by selling today, would net the seller 200% profit. If you paid $250 for a coin in 2008 you could likely sell that coin for over $600 today. You make $350--nearly 200%. Multiply your earnings by the number of coins you bought and sold. <br /><br />I'm really happy to see palladium soaring. Silver, platinum, and rhodium are all up, but palladium is <span style="font-weight: bold;">three times </span>up from its 2008 price. (Well, I guess rhodium is too, but rhodium wasn't available for purchase in 2008, so it doesn't count.)<br /><br />I'm not envisioning palladium to jump much higher, though. I think silver breaking $21-22 will be needed to see palladium break $650-700. So if you're looking to make some money, sell your Pd now if you paid under $300 for it. Or, as I've been saying, sell ANY other precious metal and purchase silver. It's $18 per ounce, but a case could made that it should be at $50 per ounce or more. If I get some bucks I'll buy more for myself, perhaps even sell some palladium or gold to do so! <br /><br />On gold, I don't see it moving anywhere but in the $1100-1200 range in the next few months, thus no more than 10%. Sell to buy silver? Not a bad idea! Would have been a better idea a few months ago!Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-3172444593968540667.post-81961218349339024922010-03-16T22:28:00.006-04:002010-03-17T00:55:16.507-04:00Group Buy: 2 oz Rhodium Bullion BarsMany of us have been wanting to buy physical rhodium for some time now. The Cohen Mint gave us rhodium, but there are some problems: they're only 1 gram (31 grams = 1 oz), inconvenient if you're looking to own a couple ounces, and very expensive because there isn't much of a discount if you buy 31 of them. I have respect for the Cohen Mint for marketing these coins and I even own a few grams myself, but I'm looking to own a single, heavier piece of rhodium!<br /><br /><div style="text-align: center; font-weight: bold;"><span style="font-size:85%;">Rhodium 1-Gram (0.032 oz) Coin<br /></span></div><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj41YPfPgBwVA39PwRM_hv65tqdp8VrwtnuBJhnsm7QgEstEmi30ZlrGzYuIM4nZzo5Y0JV7OSP3mcYt6p-Y8CqhaYjVd51PPNkHz3uJ9Kdbhb79uFXoqIDViG3QpHST8PgFX-jcNTYiUnk/s1600-h/1-gram-rhodium-coin-rhodium-bar.jpg"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 108px; height: 108px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj41YPfPgBwVA39PwRM_hv65tqdp8VrwtnuBJhnsm7QgEstEmi30ZlrGzYuIM4nZzo5Y0JV7OSP3mcYt6p-Y8CqhaYjVd51PPNkHz3uJ9Kdbhb79uFXoqIDViG3QpHST8PgFX-jcNTYiUnk/s400/1-gram-rhodium-coin-rhodium-bar.jpg" alt="" id="BLOGGER_PHOTO_ID_5449426468909400802" border="0" /></a><br />So I've been in contact with and have received two phone calls from American Elements - "World's leading manufacturer of engineered and advanced material products" <span style="font-size:85%;">(www.americanelements.com)</span>. I wanted to buy about 1-2 ounces of rhodium for myself, but even with AE I discovered that there'd be a few problems:<br /><ol><li>The fabrication costs to create the bars is much more than I was expecting</li><li>They only make 2 oz bars because the fabrication charges of 1 oz bars would be even more</li><li>There's a minimum order of 10 ounces (5 bars)</li></ol>With the fabrication charges and "metal production charges" each 2 oz bar would cost $8073 plus shipping. And remember you have to buy 5 of them, so that's $40,365. I certainly don't have nearly that much, but I think I could swing the $8073. That's about $4000 per ounce, or 33% over spot, which for something this rare is, well, I don't want to say it's <span style="font-style: italic;">reasonable</span>, but I don't really have any other choice.<br /><br /><div style="text-align: center;"><span style="font-size:85%;"><span style="font-weight: bold;">Rhodium 2-Ounce Bullion Bar</span><br /></span></div><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijOcgeH5EGwdCZZbW1P_9gFEFSpoK-lVVi_15zDhWfwFcPR4jLgph8AvEJ0Hsp4Uq4cOX0t2Yl8eroGHucQIYVYn6H9zaPcBQEe1V9UDxH53SxTXk7NDKTcLSvvWRDFGVrUxMp-cPJmxuD/s1600-h/2-oz-rhodium-bullion-bar.jpg"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 140px; height: 191px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijOcgeH5EGwdCZZbW1P_9gFEFSpoK-lVVi_15zDhWfwFcPR4jLgph8AvEJ0Hsp4Uq4cOX0t2Yl8eroGHucQIYVYn6H9zaPcBQEe1V9UDxH53SxTXk7NDKTcLSvvWRDFGVrUxMp-cPJmxuD/s400/2-oz-rhodium-bullion-bar.jpg" alt="" id="BLOGGER_PHOTO_ID_5449426461348772034" border="0" /></a><br />So, I'm looking to do a group buy (or "purchase syndicate" if you want to be technical) with a few different people. Ideally I would need 4 other guys (or gals), each of us paying $8100 each (I'm rounding up and estimating to cover shipping costs). When we pay, the price will be locked in regardless if the rhodium spot price fluctuates. Or, if a certain member would like two bars he would pay double and we'd only need 4 people.<br /><br />Before doing this I'd recommend we exchange phone numbers and any other information so we feel secure with each other. If we don't trust each other I'd rather choose another person to be member number five. My goal here is to own 2 ounces of rhodium. If that is your goal too and you don't have the $40,000 we'd be helping each other obtain that. Ideally, I'd receive the payments by bank check or bank transfer into my bank account. You could verify that the name and address on my bank account matches that of my driver's license which I could copy for you. If one member doesn't pay and we don't want to wait to find another, then I would return all the money to everyone.<br /><br />When the $40,000 is in my account I will pay AE by bank transfer. They don't have these bars sitting around so it will take about a month for them to fabricate and send the bars. When I get the bars, I would send them directly to you by certified mail where you have to be present to receive the delivery. I don't want there to be any delivery problems so I'd like to pay extra for the most reliable shipping and have them delivered at a time when you can receive the package at your home or office.<br /><br />This is a lot of money, so like I said I would even prefer it that we spoke on the phone enough that we trust each other. I'm definitely not the type to scam anyone but if you're anxious or have a problem with waiting the month for fabrication/delivery I think you'd agree that we shouldn't do this together. I'm not going to quote how cool rhodium is here or why you should buy it. I'm looking for four guys who already want to own rhodium and will be serious about having 2 ounces in their hand by May 1, 2010.<br /><br />If you're with me, say "I!" My email address is under "<span style="font-size:85%;">AUTHORS & COMMENTS WANTED</span>" in the right sidebar. If you've emailed me and not received a reply in a day or so leave me a comment by clicking on "<span style="font-size:85%;">COMMENTS</span>" below this post. <br /><br />You'll be getting one of these guys. I don't know about you but I'm keeping mine in the case!<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfwCYW6BivScjldo6P3wUUl4ftKzuLUn2q24OjAZHsx3f8K19VXIQZdAlfwI0DCn9JzkqbCIxd8deD-YVsGTE-pmJ_Ik8BFN3sTd1C7oyXn92v8rha_4_QcuoPGYrSv6xTlRh2h2dTcibn/s1600-h/2-oz-rhodium-bars-sm.jpg"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 400px; height: 226px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfwCYW6BivScjldo6P3wUUl4ftKzuLUn2q24OjAZHsx3f8K19VXIQZdAlfwI0DCn9JzkqbCIxd8deD-YVsGTE-pmJ_Ik8BFN3sTd1C7oyXn92v8rha_4_QcuoPGYrSv6xTlRh2h2dTcibn/s400/2-oz-rhodium-bars-sm.jpg" alt="" id="BLOGGER_PHOTO_ID_5449426456240336146" border="0" /></a>Unknownnoreply@blogger.com5tag:blogger.com,1999:blog-3172444593968540667.post-51738805745915391922010-02-22T22:06:00.004-05:002010-02-22T22:25:12.811-05:00Palladium Rhodium 2010Readers and fellow investors,<br /><br />I know several of you read the site regularly and haven't seen an update in months. I apologize.<br /><br />However, in the coming few weeks I have plans for more articles regarding gold investing, silver investments, palladium bullion, and Cohen Mint rhodium coins.<br /><br />Recently I've acquired some rhodium of my own. I've acquired more silver. I've switched jobs, made plans to move, and plan to trade and sell some of my investment metals, but ultimately, my stash should increase, because, as I've been saying, now is the time to buy.<br /><br />I've read a lot more investment material and feel I'm even more able to predict future events regarding the economy. I don't have my own crystal ball, rather, I read the writings of those who have them. ;)<br /><h2>RE: the Cohen Mint</h2>Also, I've been getting several emails and site comments regarding the late shipment of products ordered from the <a href="http://www.goldfortomorrow.com/">Cohen Mint.</a> To those of you who've asked, I simply told you that I don't know. I personally have my hands on products created by Eitan Cohen, so, although I know many of you may not have received your shipments or haven't been responded to, I do assure you that the coins ARE being made, though I have no estimate of how long it takes to receive an order, fabricate Cohen rhodium coins, package them in their holders, and ship them throughout the world.<br /><br />Do they take a long time to make? I'm sure they do. Is Mr. Cohen very busy? I'm sure he is. However, <span style="font-weight: bold;">I've had no contact with Mr. Cohen since our </span><a style="font-weight: bold;" href="http://buy-palladium.blogspot.com/2009/07/cohen-mint-rhodium-coins-rhodium.html">Spring 2009 interview</a> regarding the introduction of the <a href="http://www.goldfortomorrow.com/COHENMINTRHODIUM.html">Cohen Mint rhodium coins</a>.<br /><br />I apologize for any delays you may be having and I hope for everyone's sake we all receive our coins at the price we paid, even if delivery time takes longer than we'd expected. If you cannot wait, I'll sell you some of my coins as I have more on the way and am confident of their arrival. I won't cut you a deal on the price though as I'm also collecting them!<br /><br /><br />Thanks for your continued support. I'll be posting more soon!Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-3172444593968540667.post-35944679481734520912009-11-20T14:31:00.001-05:002009-11-20T14:31:33.609-05:00Jim Rogers Thinks Silver BullishJim Rogers says that although he doesn't think he's a gold bug, gold has been in a bull market since it hit its low in 2001. He says that he is currently holding gold and has been holding it for a long time. When told by the reporter that when adjusted for inflation silver peaked at over $800 per ounce before Columbus discovered the New World and around $100 per ounce in the early 1980s Rogers comments that not just silver but all commodities will be in a bubble before long:<br /><br />"Silver is more attractive than many commodities. Silver is 70% below its all time high. There are not many things in the world you can say that about and if I had to buy any precious metal at the moment, I'd probably buy silver rather than gold. Gold's been making all time highs, silver's far, far below its all time high. Likewise palladium. Palladium is another that's far below its high. But I think think silver is more attractive than gold."<br /><br /><a style="font-weight: bold;" href="http://buy-palladium.blogspot.com/2009/02/inflation-adjusted-charts-palladium.html">View Our Inflation-Adjusted Charts Article Here</a><br /><br />Rogers then goes on to explain that silver has been used as money much more throughout history than gold has. He also notes that commodities will be hot for the next 10 or more years, and then stocks will be back.<br /><br /><span style="font-weight: bold;">The above is a complete summary. To hear the full conversation see the Youtube video below</span><br /><br /><object height="344" width="425"><param name="movie" value="http://www.youtube.com/v/i3kzqGF13a4&hl=en&fs=1&"><param name="allowFullScreen" value="true"><param name="allowscriptaccess" value="always"><embed src="http://www.youtube.com/v/i3kzqGF13a4&hl=en&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" height="344" width="425"></embed></object><br /><br />Part 2 has Rogers commenting on governments printing too much money, gold being nowhere near its inflation-adjusted high, eventual currency collapses, US defaulting on its debts, and other economic issues. Interestingly, Rogers says his daughters will be given gold and silver for Christmas in 2009!<br /><br /><span style="font-weight: bold;">Watch Part 2 below</span><br /><br /><object height="344" width="425"><param name="movie" value="http://www.youtube.com/v/i3kzqGF13a4&hl=en&fs=1&"><param name="allowFullScreen" value="true"><param name="allowscriptaccess" value="always"><embed src="http://www.youtube.com/v/i3kzqGF13a4&hl=en&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" height="344" width="425"></embed></object><br /><br /><br /><a style="font-weight: bold;" href="http://buy-palladium.blogspot.com/2009/02/inflation-adjusted-charts-palladium.html">View Our Inflation-Adjusted Charts Article Here</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-3172444593968540667.post-74535918991927943792009-11-18T16:42:00.012-05:002010-03-16T23:31:53.639-04:001 Ounce Rhodium Bar Coming Soon!! (1 oz rhodium bar)<h2>1 Ounce Rhodium Bar Coming Soon!! (1 oz rhodium bar)</h2><span style="font-weight: bold; color: rgb(255, 0, 0);">MARCH 16, 2010 UPDATE: Sorry guys, I lied. These 1 ounce bars are not available and have for nearly a year said "coming soon." I'm sorry to disappoint everyone with the following article.</span><br /><br /><br /><div style="text-align: center;">----------(original article follows)------------<br /></div><br />That's right, folks, our friends over at <a href="http://www.goldfortomorrow.com/">Cohen Mint</a> are planning to release a <span style="font-weight: bold;">1 oz rhodium bar</span> within the next month!<br /><br />Cohen Mint is by far the front runner in the rhodium coin market. In fact, the company has no rivals. If you're looking to invest in rhodium you either invest in stocks of a nickel mining company that has palladium, platinum, and rhodium as by-products, or you invest in a company like <a href="http://www.stillwatermining.com/">Stillwater Palladium Mining</a> or <a href="http://www.implats.co.za/">Impala Platinum</a> which also pulls some rhodium out of the ground, but neither of which focuses on rhodium (note: I haven't researched <span style="font-style: italic;">how to invest in stock of companies that mine rhodium</span>, so understand that there may be more ways than I mention).<br /><br />But, in the spring of 2009 Cohen Mint started producing one gram rhodium coins! Now, we're going to get a quarter of 1 ounce rhodium coins and 1 ounce rhodium bars! Here are a few photos of the current 1 gram rhodium bullion coins.<br /><br /><div style="text-align: center;"><span style="font-weight: bold;">Front of 1-Gram Rhodium Bullion Coin</span><br /></div><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOTXQbvPYK2pVJqY13SNBVTUg2GjWQq1okGaVtNNpyvSsny-RqC0cEmfk6ZvkSYKTq_c2Li8oyuyTSpYIW00MylFBzX6_NcJautV7csUjH8uCM54nQawzKjMByGVCX8rg4V3N64aio0cb3/s1600/1-ounce-rhodium-bar.jpg"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 389px; height: 278px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOTXQbvPYK2pVJqY13SNBVTUg2GjWQq1okGaVtNNpyvSsny-RqC0cEmfk6ZvkSYKTq_c2Li8oyuyTSpYIW00MylFBzX6_NcJautV7csUjH8uCM54nQawzKjMByGVCX8rg4V3N64aio0cb3/s400/1-ounce-rhodium-bar.jpg" alt="" id="BLOGGER_PHOTO_ID_5405566712875046290" border="0" /></a><div style="text-align: center;"><span style="font-weight: bold;">Rear of One Gram Rhodium Coin</span><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVLlu_-mJeN_V5bvl6vu72sY6-zMn9r969Y8eItZIXo4Jb6PQgbWJM6pKIUJ_f-i_aKs3hNZXiBzO9AcFJyNUHpd7PME3oHqELcXSiGXmmrUEjLrvaiwePP1BVCa2_qDWkj9_fJu_VqaHP/s1600/1-ounce-rhodium-coin-rhodium-bar.jpg"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 278px; height: 275px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVLlu_-mJeN_V5bvl6vu72sY6-zMn9r969Y8eItZIXo4Jb6PQgbWJM6pKIUJ_f-i_aKs3hNZXiBzO9AcFJyNUHpd7PME3oHqELcXSiGXmmrUEjLrvaiwePP1BVCa2_qDWkj9_fJu_VqaHP/s400/1-ounce-rhodium-coin-rhodium-bar.jpg" alt="" id="BLOGGER_PHOTO_ID_5405565980762467090" border="0" /></a></div><div style="text-align: center; font-weight: bold;"><a href="http://buy-palladium.blogspot.com/2009/03/invest-in-rhodium-bullion-rhodium-price.html">To read all about the 1 gram rhodium coins which </a><br /><a href="http://buy-palladium.blogspot.com/2009/03/invest-in-rhodium-bullion-rhodium-price.html">have been available most of 2009, click here.</a><br /><br /><h2 style="text-align: left;">One Ounce Rhodium Bullion Bar</h2><div style="text-align: left;"><div style="text-align: left;"><span style="font-weight: normal;">The proposed 1 ounce .999 rhodium bar looks like it will be pretty nice looking! I like the design and love that it will be double stamped. What I mean by this is that the sheet of rhodium will be stamped on the front, after which it will be stamped on the back. Some bullion bars are only stamped on one side and while they are worth the same (the weight of the metal, the back sides aren't shiny).<br /><br />The new Cohen Mint 1 Ounce Rhodium bar will have a small stamp showing Eitan Cohen's design of a night on the horse. This is a good choice because it's the same design that's on the front of the one gram rhodium coins. As you can see in the photo the proposed stamp will also state the chemical symbol of rhodium, RH, "Cohen Mint," "1 OUNCE TROY," and "RHODIUM .999 FINE."<br /><br /></span><div style="text-align: center;"><span style="font-weight: bold;">1 Ounce Rhodium Bullion Bar</span><br /></div><span style="font-weight: normal;"><a style="font-weight: normal;" onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhkhT9W4BGjNpbnJgWyCNPMoiVAJctGMV7vrgT4NUri2r3QSunVbrkyWvTO0gkni0aee7VT5ppBxxSRWOQRCiLUyJXMCYghn_8eWjh_n6n83R_ROtJRmh7rR7GveYb4NuU33vvfoEwpj6xl/s1600/1-oz-rhodium-bar-.999-pure.jpg"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 319px; height: 230px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhkhT9W4BGjNpbnJgWyCNPMoiVAJctGMV7vrgT4NUri2r3QSunVbrkyWvTO0gkni0aee7VT5ppBxxSRWOQRCiLUyJXMCYghn_8eWjh_n6n83R_ROtJRmh7rR7GveYb4NuU33vvfoEwpj6xl/s400/1-oz-rhodium-bar-.999-pure.jpg" alt="" id="BLOGGER_PHOTO_ID_5405568511528776386" border="0" /></a></span><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIgxvVXHCO4CStZY5mKZXbF6nZpRMhNAuUMpAq-rWi6uU_F3yHVfe91KZNATnquQQ-vQnxbUhp_wkkKeOrHD82uE0IivG_YVRvE6MH1cgVt2msqjSFBS73R-_Qe_NdgNnLUNZgRt7pszPV/s1600/Engelhard-1oz-Bar-rhodium.jpg"><img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 200px; height: 171px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIgxvVXHCO4CStZY5mKZXbF6nZpRMhNAuUMpAq-rWi6uU_F3yHVfe91KZNATnquQQ-vQnxbUhp_wkkKeOrHD82uE0IivG_YVRvE6MH1cgVt2msqjSFBS73R-_Qe_NdgNnLUNZgRt7pszPV/s200/Engelhard-1oz-Bar-rhodium.jpg" alt="" id="BLOGGER_PHOTO_ID_5405573008524577682" border="0" /></a><span style="font-weight: normal;">The rear of the coins take some styling from other bullion products, such as the Engelhard Silver Bars (see left). Engelhard has versions where the rear if the bullion bar has "ENGELHARD" imprinted into the bar. The angle of the writing is quite stylish. However, as you can see in the photo to the left, the bar has the rest of the bar stamped so that "ENGELHARD" is raised above the surface of the bar, similar to the date printed on the coins in your pocket. While this is more attractive, due to the intricate detail of the design, I'm expecting the marks will be recessed into the bar. But the Cohen Mint has surprised us in the past, so we'll see!<br /><br /><h2>Quarter of 1 Ounce Rhodium Coin (1/4 oz Rhodium Coin)</h2>When you hear the Cohen Mint is going to make a 1 ounce rhodium bullion bar, you're excited. But when you go the site, there's a surprise waiting for you: the Cohen Mint will also make a <span style="font-weight: bold;">1/4 ounce rhodium coin</span>!<br /><br />The <span style="font-weight: bold;">1/4 ounce rhodium bullion coin</span> will look similar to the 1 gram rhodium bullion coin pictured above, however, since the coin is about seven times the weight it will have approximately twice the surface area of the 1 gram coins. To put this into perspective, if the one gram rhodium coin is a dime, the 1/4 ounce will be a quarter (no, that isn't the exact size, but similar).<br /><br />And below you can see the proposed design. Very nice looking coins. We're hoping these will have less of a premium for fabrication costs because, it takes approximately as much work to make a 1 gram coin as it takes to make a quarter ounce rhodium coin or a 1 troy ounce rhodium bar.<br /><br /></span><div style="text-align: center;"><span style="font-weight: normal;"><span style="font-weight: bold;">Quarter Ounce Rhodium Coin (1/4 oz Rhodium Coin)</span></span><br /></div><span style="font-weight: normal;"><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjyIoM0jEzED0JNrEbUjC-Vu2ZiXz-BD3FXl3yO1wwVanTIVEAI8lg0vxjPZZxW1joTlvTyziBCuPo5jUUV3Q-mPhv90CaMu9dGcfZPybUjJ-Q4W6o3l6CXo_dpqqJxhyphenhyphennqbkMdwzw2A1up/s1600/1-4-oz-rhodium-coin-1-4-oz-rhodium-coin.jpg"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 326px; height: 157px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjyIoM0jEzED0JNrEbUjC-Vu2ZiXz-BD3FXl3yO1wwVanTIVEAI8lg0vxjPZZxW1joTlvTyziBCuPo5jUUV3Q-mPhv90CaMu9dGcfZPybUjJ-Q4W6o3l6CXo_dpqqJxhyphenhyphennqbkMdwzw2A1up/s400/1-4-oz-rhodium-coin-1-4-oz-rhodium-coin.jpg" alt="" id="BLOGGER_PHOTO_ID_5405568514082304738" border="0" /></a><h2>1 oz Rhodium Bar Pricing<br /></h2>I haven't contacted Eitan Cohen about pricing. He is, as you can guess, a very busy man! When the 1 gram rhodium bullion coins came out they were priced at $90 when rhodium was around $1500. Now that rhodium is around $2300, the coins are selling for $125.<br /><br />For my prediction, I'm guessing the 1 ounce bars will be around $2900 with rhodium at the price its at today. I would say the 1/4 coins will be around $800. Now don't quote me or plan on these prices. These are my guesses and I wouldn't be shocked if I were off by as much as 20%.<br /><br />UPDATE: the 1/4 ounce rhodium coins are selling for around $880 and the 1 ounce bars are $3300.<br /></span></div></div></div>Unknownnoreply@blogger.com4tag:blogger.com,1999:blog-3172444593968540667.post-2128521738042085392009-11-17T14:07:00.000-05:002009-11-17T14:08:50.174-05:00Article Summary: 'New Normal" for the Gold Price?<span style="font-size:85%;"><span style="font-weight: bold;">Over the past week or two I've been helping an exchange grad student at the local university summarize articles for his Literature Review class. Doing so, I realized that it's entirely possible to get a seven page article down to a few paragraphs. Therefore, for several reasons--to save you time of finding articles, to save you time </span><span style="font-style: italic; font-weight: bold;">reading</span><span style="font-weight: bold;"> articles, and to save you from reading </span><span style="font-style: italic; font-weight: bold;">my </span><span style="font-weight: bold;">opinions only--I've decided to start summarizing a few </span><span style="font-style: italic; font-weight: bold;">others'</span><span style="font-weight: bold;"> articles to give you a different angle on things. </span></span><br /><br />Peter Cooper, writing for <span style="font-style: italic;">Arabian Money</span>, posted an article on November 4 commenting on the surging gold price. The article give his predictions, views, and even a bit of investment advice.<br /><br />Cooper (2009) states that with gold standing at $1080 at the time of writing, another jump in the gold price seems almost certain. However, saying now that gold will jump to $2000 might be similar to the Kremlin declaring in July 2008, when oil was $147 per barrel, that oil would jump to the $200-250 range. Gold, though, is not just on a temporary spike as oil was. For this to be a spike we'd need to see $1500 gold, or higher.<br /><br />Cooper (2009) notes how that at the time of writing the dollar was somewhat of a safe haven, <span style="font-style: italic;">along with</span> gold. Also, "increasingly it looks as though silver is also being treated as precious metal again rather than an industrial commodity, offering an interesting leverage play on the rising gold price" (Cooper, 2009).<br /><br />It still seems that gold won't be going much higher as long as we have a strong dollar, Cooper says. Cooper also mentions the possibility of a global currency and the uncertainty of the dollar's future. However, in times of uncertainty, gold and silver will retain their value.<br /><br />Finally, Cooper notes that holding gold is more a wise investment than holding dollars. He also notes the fact that the India is purchasing a lot of gold from the IMF.<br /><br />Cooper, Peter (2009). What is the 'New Normal' for the Gold Price? <span style="font-style: italic;">Arabian Money</span>. http://news.goldseek.com/PeterCooper/1257344245.php.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-3172444593968540667.post-52056099704491720812009-11-14T22:55:00.000-05:002009-11-14T22:56:43.642-05:00Article Summary: $1160 is Gold's Next Target<span style="font-size:85%;"><span style="font-weight: bold;">For several reasons--to save you time of finding articles, to save time </span><span style="font-style: italic; font-weight: bold;">reading</span><span style="font-weight: bold;"> articles, and to save you from reading </span><span style="font-style: italic; font-weight: bold;">my </span><span style="font-weight: bold;">opinions only--I've decided to start summarizing a few </span><span style="font-style: italic; font-weight: bold;">others'</span><span style="font-weight: bold;"> articles to give you a different angle on things. I will do this from time to time. </span><span><br /><br />Daryl Guppy (5 Nov 2009) claims that the sudden rise in the gold price has been influence by the Indian Central Bank buying gold from the International Monetary Fund. He notes that many gold bugs seem to think gold will hit $2000. However, the four factors that influence the price of gold may not actually influence the price as much as gold bugs think it will.<br /><br /><span style="font-weight: bold;">1. Fear.</span> Gold reached $1000 in March 2008 when the market was collapsing and then reached it again in September 2009 after the global market had recovered. This proves that fear is not as huge a factor as it may seem.<br /><br /><span style="font-weight: bold;">2. US Dollar Strength.</span> The dollar began falling in March 2009, however gold also fell from $1000 to $850 at the same time; and then it rose back over $1000. Not much of a correlation.<br /><br /><span style="font-weight: bold;">3. Central Banks. </span>The Indian buying pushed gold to its current all time high. However, transfering the gold from the IMF to central banks doesn't affect supply and demand, therefor any affect on the gold price will be short-lived.<br /><br /><span style="font-weight: bold;">4. Jewelry. </span>Indians only buy gold around holidays. Also, jewelry demand is only steadily increasing worldwide, as it always has. This increase is not enough to affect gold's sudden jumps and retreats.<br /><br />Guppy (2009) next states that gold has reached it's first plateau of $1080. Next it will be $1160, and then $1240. However, he also says that if China announces that they won't start buying from the IMF, gold could retreat to $1000; but if they announce they will start buying, gold could hit $1160.<br /><br />Guppy states that the way money is made in the gold market deals with "suppliers of pick sand shovels, or steel for the mine pit heads and food for the miners that go on to build solid and sustainable businesses" and that profits would be in mining companies.<br /><br />Guppy, Daryl (5 Nov 2009). $1160 is Gold's Next Target Level: Charts. <span style="font-style: italic;">CNBC</span>. http://www.cnbc.com/id/33632775.<br /></span></span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-3172444593968540667.post-61726767861625944142009-11-12T04:49:00.007-05:002009-11-12T05:02:50.594-05:00Why the Gold Price Increase to $1,120 an Ounce?Gold has been surging like we haven't seen it surge for years. This increase is significant because it continually reaches all-time highs, which today, has gold at $1120 per ounce.<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTF3RJF-NHNMSAp9iftyxJiBHWrc48kmddqqCamEA-uRMUy1ElANQGSrGSlvPMGsuDIPmJHhQw2Tbq60hmFi7lAn84holrtlAtmJodHv2wnCw24qs4hbw6yp6Z8FtLXltksVjsiUP4cQbI/s1600-h/$1120-gold.jpg"><img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 124px; height: 124px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTF3RJF-NHNMSAp9iftyxJiBHWrc48kmddqqCamEA-uRMUy1ElANQGSrGSlvPMGsuDIPmJHhQw2Tbq60hmFi7lAn84holrtlAtmJodHv2wnCw24qs4hbw6yp6Z8FtLXltksVjsiUP4cQbI/s400/$1120-gold.jpg" alt="" id="BLOGGER_PHOTO_ID_5403154059387901490" border="0" /></a>The white metals are all well below their all-time highs, but are still following gold up the ladder: platinum is at $1370 per ounce, 60% of its all-time high. Palladium is at $350 per oz, 32% of its all-time high. And silver is trading at $17.50 per ounce, 35% of its all-time high.<br /><br />Unlike gold, the white metals are used in manufacturing and used up. With the recessed economy they aren't in high demand, so their price jumps are not industrial, but rather, they're following gold as hedges.<br /><br />Now let's look at some of the reasons gold has risen to $1120 an ounce.<br /><br /><span style="font-weight: bold;">India</span><br /><br />Central banks are buying gold. Most notably India. Last week the central bank of India bought 200 tons of gold from the International Monetary Fund (IMF). India is reported to want to diversify it's financial hedges. The sale was an alleged US $6.7 billion.<br /><br /><span style="font-weight: bold;">Central Banks</span><br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjyikM9ivz4TVakgPOWjukktYdpXFF2YHu4maR1UhBR51wufQlSDvUDkdfEOOosILLw5451k2xLRPxUwnff39oxCACsIRX2YcCoNXzU8IJE9zDBXNU1voF3sk8wrkkO_xp3floNs8d0ieEu/s1600-h/Gold-bars-safe.jpg"><img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 199px; height: 290px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjyikM9ivz4TVakgPOWjukktYdpXFF2YHu4maR1UhBR51wufQlSDvUDkdfEOOosILLw5451k2xLRPxUwnff39oxCACsIRX2YcCoNXzU8IJE9zDBXNU1voF3sk8wrkkO_xp3floNs8d0ieEu/s400/Gold-bars-safe.jpg" alt="" id="BLOGGER_PHOTO_ID_5403154641489794018" border="0" /></a>Several other central banks are reported to be buying gold to hedge against the risks of a falling dollar. Sri Lanka and China are on the list, amongst others. These purchases not only increase the gold price, but influence individual investors as well.<br /><br />Since buying has begun, it may continue, thus making investors rush to buy before the price increases more. This interest may shoot gold well past anticipated levels due to overbuying.<br /><br />Matt Zeman of LaSalle Futures Group Inc. is quoted as saying, "The interest that central banks have shown for gold has really lit a fire under the market...People are questioning the value of not only the U.S. currency, but all paper currencis. Investors are moe comfortable holding gold" (cited by Ngyuen and Larkin).<br /><br /><span style="font-weight: bold;">China</span><br /><br />A simple report by the Chinese government saying it will start buying gold is enough to shoot the price up another $100 or more. A swift upturn in the Chinese economy would have a similar, yet softer effect.<br /><br /><span style="font-weight: bold;">Falling Dollar</span><br /><br />If the dollar falls, the price of gold will go up in dollar terms. However, if the dollar falls, since many other countries hold US debt, gold will rise in terms of other currencies as well.<br /><br />The dollar has reached a 15-month low on the dollar index. This index compares the performance of the dollar against other main currencies. This shows some of the reason for gold's surge, however, gold is also at an all-time high measured in euros. It's currently trading at around 750 euros per ounce.<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgscKxabRnINBGn0PgLYog7_c2Yob2cF0gt6jJ0SzB-5v5QfpYfhG0Mximad0CHNEJtjquIhQ3rC3ownnbw8w_SBh4bSFPT6K8EXmKaRco95pgxYfzSTeGz9002KirLA6LVAl8YmFaN80IF/s1600-h/US-debt-US-deficit-live.jpg"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 339px; height: 154px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgscKxabRnINBGn0PgLYog7_c2Yob2cF0gt6jJ0SzB-5v5QfpYfhG0Mximad0CHNEJtjquIhQ3rC3ownnbw8w_SBh4bSFPT6K8EXmKaRco95pgxYfzSTeGz9002KirLA6LVAl8YmFaN80IF/s400/US-debt-US-deficit-live.jpg" alt="" id="BLOGGER_PHOTO_ID_5403155318773306226" border="0" /></a><br /><span style="font-weight: bold;">Inflation</span><br /><br />The world is worried about the dollar. With the trillions of dollars spent this year in bailouts and stimulus packages, the dollar is being printed like never before. The Fed is hoping this will stimulate the economy, and it may, but it will also likely cause inflation.<br /><br />John Hathaway of Tocqueville Gold Fund is quoted as saying, "Would they be able to retract the liquidity they put into place?...If they havce a hard time doing it, I htink we'll see inflation, and gold will go much higher (cited by Ngyuen and Larkin).<br /><br />And again, it's not only the inflation that's causing the gold to go higher, it's also the anticipation of future inflation causing investors to hedge now before prices go higher.<br /><br /><span style="font-weight: bold;">Interest Rates</span><br /><br />The Fed has kept interest rates low in hope of sparking the economy. Low interest rates means cheap loans for housing and month thrown back into the economy.<br /><br />Zeman says, "The dollar is not going to get any firm footing with rates at zero...People are selling dollars and putting it in higher-yielding assest. All commodities are going higher" cited by Ngyuen and Larkin).<br /><br />Goldman Sachs thinks that gold will reach $1200 with rates as they are. Also, since people are thinking rates will stay low longer, they're anticipating gold to go higher and buying more, thus increasing the gold price even more.<br /><br />"Analysts said the dollar was smarting after Fed officials said on Tuesday that high unemployment and sluggish consumer spending were risks to recovery in the U.S. economy, which may keep the Fed funds rate low" (Tang and Harvey).<br /><br /><span style="font-weight: bold;">Other Factors</span><br /><br />There are too many factors to list, but above are the main ones. Some others include the opening of the gold market back into Vietnam, spurred by investor demand. It was previously illegal to import gold into Vietnam.<br /><br />The Chinese government has reportly encouraged citizen's to buy gold to hedge for inflation.<br /><br />Gold Fields gold producer in South Africa is going on a labor strike. This just means less new gold coming out of the ground to sell.<br /><br /><div style="text-align: center;">* * *<br /></div><br /><div style="text-align: center;"><span style="font-size:85%;">Sources<br /></span></div><span style="font-size:85%;"><br />Godt, Nick and Lesova, Polya. "Gold Hit Record Near $1,120 an Ounce." <span style="font-style: italic;">MarketWatch</span>. November 11, 2009. http://www.marketwatch.com/story/gold-futures-climb-to-record-above-1117-2009-11-11<br /><br />Tang, Frank and Harvey, Jan. "Gold Rises Towards $1,120 on Strong Sentiment." <span style="font-style: italic;">Reuters</span>. November 11, 2009. http://www.reuters.com/article/ousivMolt/idUSTRE5A80MQ20091111?pageNumber=2&virtualBrandChannel=11604&sp=true<br /><br />Nguyen, Pham-Duy and Larkin, Nicholas. "Gold Futures Rise to Record on Speculation Dollar Will Decline." <span style="font-style: italic;">Bloomberg.com</span>. November 11, 2009. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aJwZs1AweH_s</span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-3172444593968540667.post-69070639222958720962009-11-11T00:28:00.000-05:002009-11-11T00:29:38.927-05:00Jim Sinclair Says the Dollar is DeadIn his article "Motivation Behind the Countdown," precious metals specialist Jim Sinclair (August 14, 2009) gives us his view of the US dollar's fate for November, 2009. The prediction isn't pretty.<br /><br />The reason for Sinclair making this assumption is that China requested a financial summit with the US. These things are seldom requested. Sinclair states a couple things he sees happening.<br /><ol><li>The US need China to continue buying US debt, meaning the US needs China to continue lending it money</li><li>The Chinese want the US to support a "Super Sovereign Currency as an offset to dependence on the dollar for international settlements and national reserves" (Sinclair, 2009)</li><li>"The Chinese rightly feel that the greatest risk to their present dollar position’s valuation is quantitative easing. Or simply put, the monetization of one’s own debt by the electronic creation of money for funding yourself"(Sinclair, 2009)</li></ol>Sinclair goes on to state that the Management of Perspective Economics only works in a strong market, which ended in 2001. No finagling will help the dollar now that the US has so much debt. Nor can the US dollar survive if we support a "Super Currency," as Asia's holdings of the dollar are the only real support the dollar has.<br /><br />Sinclair closes with the following:<br /><br />"All of this could have been fixed prior to the event of Lehman declaring bankruptcy. Now there are no PRACTICAL SOLUTIONS....Pandora’s Box is open, only to be closed by markets as the downward spiral goes to its practical end, a return to commodity money."<br /><br /><div style="text-align: center;">* * *<br /></div><br />This has been a complete summary. To view the full article, <a href="http://jsmineset.com/2009/08/14/the-motivation-behind-the-countdown">click here</a>.<br /><br /><br />Sinclair, Jim (August 14, 2009). The Motivation Behind the Countdown. <span style="font-style: italic;">Jim Clair's MineSet</span>. http://jsmineset.com/2009/08/14/the-motivation-behind-the-countdown.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-3172444593968540667.post-66051682191169445272009-11-09T04:39:00.001-05:002009-11-09T04:39:45.223-05:00Rhodium on the Rise!Rhodium is again on the upward trend. Remember just a year ago it was down to $700 per ounce. Today is it $1800-2100 per ounce (that price discrepancy depends on who your quoting source is and whether you're buying or selling.<br /><br />The chart below shows the price of rhodium as quoted by Kitco. You can see it's been steadily moving up from $1500 to $1800 over the past few days. The $2100 price is the quoted price if you want to buy an ounce of it, which is considerably higher.<br /><br /><div style="text-align: center;"><span style="font-weight: bold;">Rhodium Price Chart</span><br /></div><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhKHgmSC9btoFSeYi6R8-bNtRuaizrvNBgmoI7PCEKpYupFD2x7MY_7PnZr4DOxGDBY-LwmrPxHbh1c8wcGVBYyLTHkuH3qnYpP_Rn-NfdbqC30LI3rt8VrUPL-2GcYapOA2ks-cTamA2Tf/s1600-h/$2000-rhodium-coin.gif"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 400px; height: 244px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhKHgmSC9btoFSeYi6R8-bNtRuaizrvNBgmoI7PCEKpYupFD2x7MY_7PnZr4DOxGDBY-LwmrPxHbh1c8wcGVBYyLTHkuH3qnYpP_Rn-NfdbqC30LI3rt8VrUPL-2GcYapOA2ks-cTamA2Tf/s400/$2000-rhodium-coin.gif" alt="" id="BLOGGER_PHOTO_ID_5401073023726202162" border="0" /></a><h2>Rhodium Coins Prices Rising</h2>If you'll recall we did an interview with Eitan Cohen of Cohen Mint regarding the minting of the Cohen Mint Coins (<a href="http://buy-palladium.blogspot.com/2009/07/cohen-mint-rhodium-coins-rhodium.html">full article here</a>). Checking the <a href="http://www.rhodiumcoin.com/">Cohen Mint Rhodium Bullion Coin site</a>, since the coins came out a few months ago, they've climbed from their starting price of $89.99, to $92.99, to $99.99, to $102.99, and just today to $104.99. Rhodium bullion is rising so the cost of making rhodium coins is also rising. At $104.99 it will cost you about $3300 to get your hands on an ounce of rhodium (remember these are 1-gram coins so you'd need 31 to have an ounce).<br /><br />You may be thinking that owning 31 small coins isn't the best way to own an ounce of rhodium. Let me tell you, though, it is the <span style="font-style: italic;">only</span> way. There is a company online that allegedly will make a bar for you and sent it, but I haven't read about anyone ordering one from them.Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-3172444593968540667.post-17606161394504183592009-11-06T14:22:00.003-05:002009-11-06T14:23:55.767-05:00$1100 Gold Coming Soon!I was wrong. I said a couple weeks ago that gold will peak at around $1050 (but I searched to find where I said that, so I guess I'm not wrong, right?!). Today the gold price is $1095.<br /><br />This is a historical high for gold in dollar terms, surpassing it's many previous highs that it hit in October, 2009. We've seen quite a few instances of a gold all time high over the past few months. Let's look at a chart which shows it a bit more clearly.<br /><br /><div style="text-align: center;"><span style="font-weight: bold;">Rise to $1100 Gold Chart</span><br /></div><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJNoa8Q0jXbjMB-ijle1OqUcFsf1Tie30acljjrccDlsmnwDNEPFFswcEZQdkQORd_8Lhae32JGsf0n69uwjCsmuIcAYi7NriFQE3VGegGV0BjvEX7NF33yXjqRBSC-Ece4omTZ67xQoMZ/s1600-h/$1100-gold-1-year.gif"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 400px; height: 244px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJNoa8Q0jXbjMB-ijle1OqUcFsf1Tie30acljjrccDlsmnwDNEPFFswcEZQdkQORd_8Lhae32JGsf0n69uwjCsmuIcAYi7NriFQE3VGegGV0BjvEX7NF33yXjqRBSC-Ece4omTZ67xQoMZ/s400/$1100-gold-1-year.gif" alt="" id="BLOGGER_PHOTO_ID_5401073257584195010" border="0" /></a><br />As you can see from the chart above gold nipped $1000 in February, nearly did it in May (both were near historical highs at the time) and in September in remained comfortably over $1000 for over a month long period. In October its holding level was around the $1050 mark. Now we're tinkering with $1100. Will it hold here for a month again? I'm not going to take a guess this time!<br /><br />And, for your reference, the chart below shows gold's previous run up to $1000 when it did it in the spring of 2008. Then it pretty much remained below $1000 for a year before continuing on its current spike.<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhMbuJFP_Z_Z083JA9C5MTgevhkdQ6MK163OKQNw1DcQhVo86ZHFP2fpU6dW302gh9sQEN2JVley5PyqhPsrMxE6bztUmexePxfhaTYu-qiXW1Nnf42GZr9FKKWB3-R_NkOvWf8fYy2bDOJ/s1600-h/$1100-gold-5-year.gif"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 400px; height: 244px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhMbuJFP_Z_Z083JA9C5MTgevhkdQ6MK163OKQNw1DcQhVo86ZHFP2fpU6dW302gh9sQEN2JVley5PyqhPsrMxE6bztUmexePxfhaTYu-qiXW1Nnf42GZr9FKKWB3-R_NkOvWf8fYy2bDOJ/s400/$1100-gold-5-year.gif" alt="" id="BLOGGER_PHOTO_ID_5401073261420954194" border="0" /></a><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhnrTH8XtoykeyTJGSFu_Swk2F-cpDOh5ef4WLl5gpCAhLNMoxxqLzy0GLSVsFGYjq1Kiy98PzcM5AWI-ZDvu-A_69tPT_ZstDEywUDt1OzPoY_yErM9BtF1aky8uo0eb74V0RB9dJiyAU/s1600-h/$1100-gold-5-year.gif"><br /></a><h2>Should You Sell or Buy Gold Bullion and Gold Coins?</h2>Right now, if you paid under $700 for your gold bullion coin and would like to realize a $500 profit, I wouldn't say that you'd be making a mistake by selling it. I do think it will go higher, but that will be slowly and not a sudden increase unless if something drastic happens in the economy. So, also, if you decide to <span style="font-style: italic;">buy gold</span> right now, your investment decision will also be wise! I do think gold will dip again, though.<h2>Should I Sell Gold and Buy Silver?</h2>I wouldn't say this is a bad strategy, since silver has a much higher chance to double or quadruple as gold does. If you've been reading the site you'd know that I have all my money tied up as it is and I'm not saving too much so I haven't been buying as I'd like to. I did manage to buy a few small silver bars the other day; and I didn't have to sell my gold to do it!Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-3172444593968540667.post-57412400497038605932009-10-28T01:27:00.012-04:002009-10-28T02:44:00.925-04:00Holy Sh*t!: US Debt Clock Live<span style="font-weight: bold;">Discovering the US Debt Clock Live for the First Time</span><br /><br />And holy sh*t is all I could say. I sat staring at the screen for five minutes without moving, trying to fathom the astronomical amounts of money I was seeing. After coming back to earth, my eyes started wandering down the clock to see the various forms of growing debt. The US government debt, yearly deficit, citizen's debt, is scary.<br /><br /><span style="font-weight: bold;">Numbers Explained</span><br /><br />First, let me explain how much money we're talking about. I actually had to look up what comes after a trillion.<br /><ul><li>1,000,000 = 1 million (Brad Pitt made $20 million this year, Tiger Woods $100 million)<br /></li><li>1,000,000,000 = 1 billion (Bill Gates and Warren Buffet are worth about $40 billion each)<br /></li><li>1,000,000,000,000 = 1 trillion (US government has spent $3 trillion so far in 2009)<br /></li><li>1,000,000,000,000,000 = 1 quadrillion</li></ul><span style="font-weight: bold;">Screen Shot of US Debt Clock Live</span><br /><br />Here is the exact screen shot that made me sit dumbfounded. I found the clock over at US Debt Clock.org (links below). However, realize that you're simply looking at an image. What I saw was more harsh.<br /><br /><div style="text-align: center;"><span style="font-weight: bold;">US Debt Clock Screen Shot (click to enlarge)</span><br /></div><div style="text-align: center;"><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJCQpr79QB-XUMRTcExfNK6tsEOTxiW72caoJBOJruLcEmUp1k8TTBe5hvlbUYQSl0iMc5-LWIhdw0Z3kUSlnw6AQvGhGg4v0f0tfc5De40KQHARbSVPeCrUf1LW0zdyRgRvwsf6b7xBR3/s1600-h/US-debt-US-deficit.jpg"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 400px; height: 294px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJCQpr79QB-XUMRTcExfNK6tsEOTxiW72caoJBOJruLcEmUp1k8TTBe5hvlbUYQSl0iMc5-LWIhdw0Z3kUSlnw6AQvGhGg4v0f0tfc5De40KQHARbSVPeCrUf1LW0zdyRgRvwsf6b7xBR3/s400/US-debt-US-deficit.jpg" alt="" id="BLOGGER_PHOTO_ID_5397522148915610498" border="0" /></a><span style="font-size:85%;">(Screenshot taken Wednesday, October 28, at approximately 1:30 am)</span><br /></div><br /><span style="font-weight: bold;">US Debt Clock Climbing</span><br /><br />Were you able to handle it? Did you read through all of the numbers? That was taken on Wednesday, October 28, 2009. What is the date today, and how much has it risen? This is what might boggle your mind like it did mine. Click on this next photo to go to the <a href="http://www.usdebtclock.org/">www USDebtClock org</a> site. Not only will you see what you saw above, but it will be be <span style="font-style: italic;">climing as you watch it</span>! If you don't know what a certain number means, simply run the mouse over the number and an explanation will pop up.<br /><br /><div style="text-align: center;"><span style="font-weight: bold;">Current US Debt (click for today's figures)</span><br /></div><div style="text-align: center;"><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://www.usdebtclock.org/"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 400px; height: 182px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3tTArn8k1VW4zx22UshJ8ZIBstCCaVFo_aIyq1zzs9ka_qi5c1ajjg_7LQmGdgkPmObT23GR9ItAeISn9zroGnt8zQzP9xpladcPCr0XcaSFR869T0QdoAoV1QzCJxBzO4zceg3FBWH6L/s400/US-debt-US-deficit-live.jpg" alt="" id="BLOGGER_PHOTO_ID_5397522396812149650" border="0" /></a><span style="font-size:85%;">(Screenshot taken Wednesday, October 28, at approximately 1:30 am)</span><br /><br /></div>How does that make you feel? If your son or daughter were born today he would be nearly $40,000 in debt if we divided evenly amongst all US citizens the $12,000,000,000,000 (trillion, I just wanted to write out all of those zeros). Staggering, isn't it?<br /><br /><span style="font-weight: bold;">How Much is a Trillion Dollars?</span><br /><br />The US has over $100 trillion in unfunded liabilities, which includes Medicare and Social Security. Many soon-to-be retirees are worried the government will soon be unable to pay. $3.5 trillion of the $12 trillion US debt is held by foreigners. What happens when these creditors start demanding the US government to pay up?<br /><br /><span style="font-weight: bold;">On Inflation</span><br /><br />Look at"Federal Reserve Money Creation" on the left hand side. Do you see how fast this is rising? They are printing money at a rate of $60 million per hour. This is why our palladium coins and gold bullion have been rising in value and why inflation has been a part of life since 1972 (before which the dollar was backed by gold). Eventually we will see gold, silver, and all other commodities reach astronomical heights. Technically, they should be much higher than they are now, but thus far people are trusting the US government to eventually pay its debts and things are still semi-stable.<br /><br />I'm not going to write a book here. This is a choppy article of my thoughts; what went through my mind when I looked at the clock. I've read a lot of books about the economy, business, commodities, stocks, etc. Some of these books are from 2003, some are from the 90s, some are more recent. The other day I read one from the 70s when the debt was <span style="font-style: italic;">just </span>a few $billion. Many mention the total US debt, which just a few years ago was $2-3 trillion. Now, it's $12 trillion and I'm just astonished.<br /><br /><span style="font-weight: bold;">National Debt Clock in New York City</span><br /><br />Finally, here's a picture of the US Debt Clock pasted on a wall of a building in New York City for everyone to see. "The idea for the clock came from New York real estate developer <a href="http://en.wikipedia.org/wiki/Seymour_Durst" title="Seymour Durst">Seymour Durst</a>, who wanted to highlight the rising national debt" (<a href="http://en.wikipedia.org/wiki/National_Debt_Clock">http://en.wikipedia.org/wiki/National_Debt_Clock</a>). Click to read the full story about the clock.<br /><br /><div style="text-align: center;"><span style="font-weight: bold;">National Debt Clock (Click to enlarge)</span><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://upload.wikimedia.org/wikipedia/commons/5/5d/US_Debt_Clock_15-09-2009.JPG"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 300px; height: 400px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSJVdykVp-S0o_8jV6hHbDRkMOQqCMODX2QD0sYVeQJ7rA8v2xwQ9KkGyWyMMGkPTSohcIEvDVF-2Y-fLHjVK5oeAjHftnmcf1jC-MKFSPmUbFEGeSx8Ubeqi_jWY4MmQYrEXSnmK7cN62/s400/US-debt-clock-New-York.JPG" alt="" id="BLOGGER_PHOTO_ID_5397531888166779042" border="0" /></a><span style="font-size:85%;">(Linked image from Wikipedia)</span><br /></div><span style="font-weight: bold;"><br />What Does All This Mean?</span><br /><br />What does this mean? That there are too many people in the world; there is too much money backed by no solid assets; there are too many people in debt; here is too much pollution; there aren't enough resources....I could go on. But the fact is that our society has become extremely complex in terms of the economy, resources, and population. Something big is going to happen in our lifetimes. And some of us will be prepared.Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-3172444593968540667.post-69905408110882109992009-10-24T21:39:00.003-04:002009-10-24T21:48:49.440-04:00Palladium Shines! (Gold Price Predictions)<span style="font-weight: bold;">Palladium Shines!</span><br /><br />Palladium is doing very, very well, folks! The gold price is glittering right now as people the see the $1050 price. This shows a near 10% gain for gold. Silver is up 14% to over $17.50 per ounce. Platinum, over the same time period of a month or so, rose under 10%.<br /><br />But look what's shining: palladium! Palladium has risen 16% over the same time period. It's current price is $336 per ounce palladium coin or per ounce of palladium bullion. Buy palladium bullion as it's still a good investment. It woudl have been a better investment a few months ago at $180. Remember that?<br /><br /><span style="font-weight: bold;">Investment Strategy</span><br /><br />We've been giving you tips every couple months on which metal to buy or which to sell. It's usually short and at first decided we wouldn't do this, but people like it so we're doing it. We never guarantee any of our predictions though, so keep that in mind.<br /><h2>Gold Predictions</h2>We have a long-term prediction for ALL of the metals to rise. I think you know that simply by us maintaining a precious metals site. In the short-term, as in, what you should do right, we think you should buy silver. Silver has never been this under-valued compared to gold. When gold hit $1000 in 2008 silver bullion was selling at $22 per ounce or closer to $30 for the silver coins.<br /><br />If you don't have money to buy silver now, Selling an ounce of gold (we're assuming there are low fees involved) for $1055 would buy you about 60 ounces of silver. So, six ten ounce silver bars (coins would likely cost more) could be had. We say that not only because we think silver undervalued versus gold right now, but because it is so rare and when demand increases so will its price.<h2>Palladium Predictions and Platinum Predictions</h2>We don't think palladium will reach $400 any time soon. Similarly, we don't think $1500 platinum will come any time soon. Gold's popularity, as evidenced by $1000 gold or $1050 gold, proves we're in a recession and people want to hedge with gold. Palladium hedge and platinum hedge don't work the same because they are more industrial in nature and will rise with more demand from auto manufacturers. In the long-term, both will rise, as we're predicting, but not this year.<br /><br />(article unedited)<br /><br /><a href="http://newsblaze.com/story/20091006095328zzzz.nb/topstory.html">Here's an article predicting gold to reach $2000 within the next 10 years. </a>Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-3172444593968540667.post-6408021840857131412009-09-25T16:37:00.008-04:002009-10-08T14:03:39.640-04:00Don't Sell!: Inflation-Adjusted Gold Charts (Palladium)<span style="font-style: italic;">(UPDATE: this was written just September 25. Today is October 8. The gold price today is $1050 per ounce, its highest dollar total ever. A quick read through the following article will show you how that price is no where near its all time high--thanks to inflation.)</span><br /><br />I've been watching the price movements of gold and silver and palladium and platinum over the past month and haven't had too much to comment. What I was thinking of doing, actually, is to sell some gold and buy some silver with it, as I think silver is more undervalued that gold. However, that's a differnet discussion for a different day. Let's look at the history of the gold price and a chart that I "borrowed" from <a href="http://www.blogger.com/www.goldprice.org">Goldprice.org</a>. Look over this chart carefully and then we'll continue: <h2>Gold Price History Chart</h2><div style="text-align: center;"><span style="font-weight: bold;">Gold Price History Chart</span><br /></div><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNkOWaH7nd-abyVr48k0kYQ5klHbREhEtNy2n3ndPmcW4wPR1FzS_NrMHTI8YDNymZNAe6gslsDUSpCNZu4aHOEZ3G69rI3jmFYTkVu7G0LLEfNZK5qmyxMNC_pd9815J_H7i0Jjgkf-E0/s1600-h/Gold-price-history.png"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 400px; height: 276px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNkOWaH7nd-abyVr48k0kYQ5klHbREhEtNy2n3ndPmcW4wPR1FzS_NrMHTI8YDNymZNAe6gslsDUSpCNZu4aHOEZ3G69rI3jmFYTkVu7G0LLEfNZK5qmyxMNC_pd9815J_H7i0Jjgkf-E0/s400/Gold-price-history.png" alt="" id="BLOGGER_PHOTO_ID_5385509485582792546" border="0" /></a><br />Okay, did you look? Gold is at an all-time high, right? Well, yes, you're right. It's about $1000 now and hit $1020 last week. Well, this has been mentioned before when talking about all metals including silver, platinum, palladium, and rhodium. But think again, the average wages back in 1981, when gold was nearly $900 were less than half of what they are now. So now, gold is worth <span style="font-style: italic;">only</span> $1000? In fact, look back to the year 2000. Look how undervalued it was? Now let's look at a chart with inflation factored in (I grabbed this one from <a href="http://www.blogger.com/www.wikipedia.com">Wikipedia</a>):<br /><h2>Inflation-Adjusted Gold Price History Chart</h2> <div style="text-align: center;"><span style="font-weight: bold;">Inflation Adjusted Gold Price History Chart</span></div><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiotxtaDyEaCgz88l6z0v5QfZYWP26CKNynYDXVE1nj_FAHgse260fy41VfE63XGDYQ2io7gxsL4lR01IrrSiC2v3Oi_ITOb0XDUP2EWuphZrcHxNgb2VSbyb0dn8Lb0CADMGvYfpoIMUtz/s1600-h/Inflation-adjusted-gold-chart.png"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 400px; height: 262px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiotxtaDyEaCgz88l6z0v5QfZYWP26CKNynYDXVE1nj_FAHgse260fy41VfE63XGDYQ2io7gxsL4lR01IrrSiC2v3Oi_ITOb0XDUP2EWuphZrcHxNgb2VSbyb0dn8Lb0CADMGvYfpoIMUtz/s400/Inflation-adjusted-gold-chart.png" alt="" id="BLOGGER_PHOTO_ID_5385508725638226386" border="0" /></a>Now don't pay attention to all the different lines. It will get confusing. I don't know exactly what they're getting at either, but, this is chart showing the <span style="font-weight: bold;">gold worth in 2009 dollars</span>. As you can see, all the lines are the same in 2008 (or 2009, which would be similar although this chart is from last year). But, look back in 1981! Gold is off the charts! So, in 1981, an ounce of gold was worth at least 5x what it's worth today if you measure it by the amount of goods you can buy with it. Today, an ounce of gold would buy you about one good suit. Back then, an ounce of gold would have bought you at least 7 suits. Understand?<br /><br />I know this post is pretty basic for most of you, but, I just wanted to reiterate that although gold is hovering and reaching highs and everyone is saying, "<span style="font-weight: bold;">Gold All Time High</span>," it's really NOT at an all time high. It was much higher in 1981. Now, since this is a palladium site, let's take a look at palladium:<br /><h2>Palladium Price History Chart</h2><div style="text-align: center;"><span style="font-weight: bold;">Palladium Price History Chart</span><br /></div><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgkdws1AcAi9RWIGmpuV8WcR3RMHsyWkOE233HVrMwaifiSxKyj6wjK28nYXOhfJX9UhF18jMb-ptcHO5DGel3ZcDZbjAg8kZXd3gI6VtjSeQM7EcFuGUWBMWaAWhLrhSCNNaycOvUyZRDL/s1600/pd92-pres.gif"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 450px; height: 270px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgkdws1AcAi9RWIGmpuV8WcR3RMHsyWkOE233HVrMwaifiSxKyj6wjK28nYXOhfJX9UhF18jMb-ptcHO5DGel3ZcDZbjAg8kZXd3gI6VtjSeQM7EcFuGUWBMWaAWhLrhSCNNaycOvUyZRDL/s1600/pd92-pres.gif" alt="" border="0" /></a><br />Do you see how high palladium was due to demand? Factor in inflation it would probably have been 25% higher. It's hovering around the $300 mark now, so, it's still pretty low. Don't sell palladium now either, if you have the money, buy palladium just as you would gold. Buy silver too, don't sell silver, keep it.<br /><br />That's my take on things. I know most of you know this but some people have made good investments in precious metals and I don't want them to sell before they reach full potential! Good luck to all!Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-3172444593968540667.post-17809768948936200532009-09-08T14:05:00.003-04:002009-09-08T14:14:24.690-04:00Gold $1000! Palladium $300!<h2>Gold $1000! Palladium $300!</h2>Right now, September 8, 2009, at 2 pm gold is $999 and palladium is $299. How long will this last? This morning we actually had gold over $1000 per ounce but palladium hasn't reached the $300 an ounce mark. Silver's following gold closely in terms of percentages as it's up to $16.50 per ounce. Did anyone say platinum? I didn't. Platinum is still in the $1200s, however, it's $1285, pushing $1300. This isn't nearly as big a percentage jump as gold, however, I suspect it may be following and if gold doesn't plummet platinum will reach $1350 or higher.<h2>$1000 Gold Forth Time in History</h2>Note that this is the third time gold has reached $1000 an ounce. It hit its historic mark back in 1981, then fell down into the $200s even before hitting $1000 again in early 2008, then in early 2009, and then again today.Unknownnoreply@blogger.com3tag:blogger.com,1999:blog-3172444593968540667.post-38031463831666593352009-09-02T14:59:00.003-04:002009-09-02T15:08:50.208-04:00Gold Price Jumps $20 Today!<h2>Gold Price Jumps $20 Today!</h2>Not much time to comment here but I had to at least mention the price of gold rise that took place today! Last I looked it was $955 and now it's nearly $980. <br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgv1ThCaWgOcgaSIBiVcUkl5WDnlHEdXhv7nlx8PR-IKX_SRUj-i3O8WVwNQ4Xzg4_hTkzbfk2QqYoisiYpEmrWLyZg9P-vfiYaO6nf8-juN044zCxQe4xcokM-0SL_vKKOOb4cpf_Gt0Mc/s1600-h/gold-price-jumps-up.png"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 180px; height: 114px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgv1ThCaWgOcgaSIBiVcUkl5WDnlHEdXhv7nlx8PR-IKX_SRUj-i3O8WVwNQ4Xzg4_hTkzbfk2QqYoisiYpEmrWLyZg9P-vfiYaO6nf8-juN044zCxQe4xcokM-0SL_vKKOOb4cpf_Gt0Mc/s400/gold-price-jumps-up.png" alt="" id="BLOGGER_PHOTO_ID_5376946815920883762" border="0" /></a><h2>Palladium Price Up</h2>Palladium coin buy prices are up because palladium is pushing $300 an ounce! Get your palladium bullion bars and palladium bullion bars at near spot prices if you buy now. Remember when palladium was $280 and the cheapest you could find a Suisse bar was $350? Well, now you might be able to find it at about 10% over spot. Good luck in the search!<h2>Rhodium Price, Silver Price, Platinum Price</h2>Rhodium has been steady at $1500. You can still get your rhodium coins from <a href="http://www.rhodiumcoin.com/">Cohen Mint</a> for $90 for each Cohen rhodium bullion coin. Platinum has only shifted up $5, and silver has went up nearly $0.50. I predict silver will go up a bit more. It's $15.40 now. I think it will peak at just over $16. <br /><br />That's all we have for now. I gotta run. I'm hoping to see some good comments on this recent price increase!Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-3172444593968540667.post-15203269953128372482009-08-20T15:39:00.003-04:002009-08-20T15:48:28.098-04:00Palladium & Rhodium Price Update (8/20/09)<h2>Palladium & Rhodium Price Update (8/20/09)</h2>Not much going on so we haven't felt the need for any updates of late. <span style="font-weight: bold;">Gold price</span> and <span style="font-weight: bold;">silver price</span> appeared to be moving upward a week or two ago but it's recently fallen back to "normal" levels (I'm using "normal" as the gold spot price over the past few months, although of course there is never a "normal" gold price or silver price).<h2>Spot Palladium Price</h2>The <span style="font-weight: bold;">spot palladium price</span> is still relatively high in comparison to "normal" gold and silver levels. Palladium is still trading in the $275-$280 range. Palladium has outperformed gold over the past month or two.<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://www.kitco.com/LFgif/pd0030lns.gif"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 250px; height: 155px;" src="http://www.kitco.com/LFgif/pd0030lns.gif" alt="" border="0" /></a><h2>Spot Rhodium Price</h2>Rhodium is worthy of a small discussion here because the <span style="font-weight: bold;">spot rhodium price</span> has outperformed all metals percentage-wise with perhaps the exception of palladium. Rhodium was trading around $1300 in late July and peaked at around $1575 a few days later. Rhodium then slowly rose up to the $1550 mark around August 10 and has remained steady ever since. What's interesting is that rhodium is often only reported as moving each time it takes a $50 jump. (For example, <a href="http://www.thebulliondesk.com/">The Bullion Desk</a> reports the rhodium price on the right site top of its site.) Since it's recently been reported as having moved more people will start noticing. However, it's been moving for a while.<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://www.kitco.com/LFgif/rh0030lns.gif"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 250px; height: 155px;" src="http://www.kitco.com/LFgif/rh0030lns.gif" alt="" border="0" /></a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-3172444593968540667.post-60367463822571948552009-08-04T00:42:00.004-04:002009-08-04T00:58:30.057-04:00Palladium & Rhodium Price Increase (08/09)<h2>Palladium Price Steady, Rhodium Rises</h2>I've been on vacation for the the past few weeks but I'm glad to see that the <a href="http://buy-palladium.blogspot.com/2009/07/cohen-mint-rhodium-coins-rhodium.html">Eitan Cohen interview</a> has gotten so much attention. Glad I was finally able to get that up before I left. I'll be on vacation again for most of August. But I'll have the computer with me and hoping to keep an eye on the palladium price and the rhodium price increase.<br /><h2>The Palladium Price</h2>For a couple weeks now palladium has been on the rise and seems to be steady at around $275 an ounce. That's good news! With all the money Obama is pumping into the economy the values of gold, silver, and platinum should rise, likely with palladium and rhodium following. The palladium price<br /><br /><div style="text-align: center;"><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://www.kitco.com/LFgif/pd0030lns.gif"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 250px; height: 155px;" src="http://www.kitco.com/LFgif/pd0030lns.gif" alt="" border="0" /></a>(<a href="http://www.blogger.com/www.kitco.com">www kitco com</a> provides this chart for us)<br /></div><br />From the chart we see that palladium has been on the rise for the past 30 days. I know a lot of people read this site so see my predictions. Well, my prediction on this is that Pd won't reach $300 on this rise. I wish it would though. I think it's near its peak and will drop back down to around $250 for the time being. No reason to run out and buy now.<br /><h2>The Rhodium Price</h2>The rhodium price has increased like palladium. We see a quick jump from around $1300/oz rhodium to $1600. And for now it's around $1500. We'll see where this moves to in the near future. I'm thinking it will stay over $1500 an ounce Rh for a while.<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://www.kitco.com/LFgif/rh0030lns.gif"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 250px; height: 155px;" src="http://www.kitco.com/LFgif/rh0030lns.gif" alt="" border="0" /></a><br /><h2>The Gold Price, Platinum Price, Silver Price<br /></h2>The gold price has risen about $50 in the past month. That's good news. Platinum price and silver price have risen at a similar percentage. (nearly 10%) over the same time period.<br /><br />Is this big news? No, not really. But if you're buying and selling the metals for small time profit taking, now might be the time to sell before the prices drops and you can buy back.Unknownnoreply@blogger.com0