Precious metals

So looking at platinum not quite as strong as palladium similar to silver but much smaller market....
overall supply is flat less mining more recycling....
demand is slightly up less jewelry more investing....
running a 5.6% deficit but enough above ground stock to maintain the current deficit for 5 years and recycling should diminish...

All the PMs seam to have the same common denominator....
Physical ETF buying is down to 0 in the last few years for all the PMs.... They area all running in short supply at these prices....
Gov supplies are down to nill except for platinum a few years left and gold but gold is held for reserves....
When these trades flip the ETFs will be forced to buy or go insolvent....

So from a supply and demand investment I would rank the PMs so far....

1. Palladium "still trying to verify above ground stock" but sounds low
2. Silver
3. Platinum
4. Gold

 

So Sterdog is right, from a supply and demand view palladium beats silver, but silver still looks to be the second best from supply and demand....

and as a hedge against the dollar will work good also because we have to buy from the BRICS.....

 

But Silver isn't far behind...
Silver

1. The U.S. Geological Society said just a couple years ago that silver would be the first element in the periodic table that would become extinct. It's incredibly bullish. The USGS said that would happen by 2020.Apr 8, 2011 2020 is a little optimistic but all the PMs are running short

All the silver ever mined in the world is 46 billion oz, the US had at one time 20 billion oz... from 1985 to about 2003 we used up 20 billion oz of silver in too small of amounts to be recycled... So demand has been much higher than is reported by the silver institute... so in the 50s we built up a 3000 years of mining supply of silver and wasted it all.... our current gov are idiots... We used to be the greatest nation and these clowns are throwing it all away.... anyway....

http://moneytalks.net/article-and-c...periodic-table-element-to-become-extinct.html

 

You stumped me again, silver is close to being extinct as soon as 2020? I mean in 5 years there will be no more silver? Because extinct means just that right?

Did you also catch this headline in the same article?

"Silver will be the first element in the periodic table to become extinct (shooting price per Oz. past Gold)."

You're right I am learning a lot here! Apparently I can buy silver for $20 an ounce and hopefully in 5 years I can sell it for $1,300 when it shoots past gold!

 

All these PMs seam to be running really short...
Palladium stock piles seam to be used up...maybe a 6 month above ground investment stock... Russia seams to be out....

 

palladium mining cost are 500 oz
platinum at 1400 oz
and I'm sure those are current cost not total cost....
so like silver and gold some how we are at or below mining cost....

 

If one chose to commit to even the most cursory of research into what is discussed in this thread, it would become evident, so readily, that the inane lecture that takes place here reeks to high hell of a ghastly combination of ignorance and arrogance, that they should have no desire to discuss any of the finer points of PM in this thread. Furthermore, as a small-time investor, try to make money on platinum. Try to do it, I will gladly double your profits as a congratulatory bonus. You can't. As far as small-time, personal, PM investing goes, platinum is utterly useless. In fact, it is so useless from the perspective of a small time PM investor that it might as well be gold.

 

I've been thinking about purchasing silver for a while. Mainly giving myself a budget each month to spend.
After looking at silver eagles, other rounds, hand poured bars, and others, I am looking at 10oz stackable bars. Price/oz is equal to/less than eagles, plus the stackable design seems a good way to store inside the safe which gets accessed atleast once a week.
I am not looking for something that will get showed off, so I don't need the shine of proof or uncirculated coins. This is more of having a part of my savings not in the bank. I'm not really one of the "tin foil hat" guys, but I'd like to have something that can't get wiped out with with a keyboard.
Anyone have any suggestions on things I should think/rethink?

 

This makes perfect sense to me.

 

You will have to ask the IMF that question, as that is the one question even they are trying to figure out.

 

I've done it all and in hind sight I like quality coins the best. You do pay a higher premium but you also get much more for resale. You also need name brand products that a novice buyers can recognize. I don't like any generic silver because the resale is below spot but you will still pay a premium...
In most cases you can buy eagles for 1 or 2 dollars more but pick up 4-5 dollars in resale so generic silver doesn't pay... May be the reason some of these guys don't like silver... Also if you hold long enough silver will be going to crazy levels so smaller denominations will be easier to sell and if people are paying a lot they will want name brand silver... Plus in the future when shortages hit counterfeiting will be a concern and coins are impossible to accurately counterfeit... They will be leary of bars and will want to do testing ruining any numismatic value...

I like eagles and maple the best if you are starting out and eagles have the best resale in the states with coin dealers right now.... For direct sales they should be equal...
But if you can find a killer deal for generic silver for close to spot or less than $17 get it because all silver is going up in time.....

 

I'm thinking that I will probably get a mix, but was thinking the bars as the sizable purchase as long as price would equal/less. Then using the remainder of the budget on coins. I am looking at bars like the apmex 10oz stackable.

 

So PMs are off across the board with many having their worst day since January on fears of a continuing slowdown in China. Having a direct correlation to the overall stock market is not the way to hedge your bets. If the world is gonna collapse under the weight of trillions in US debt I don't think PMs are the place to hide.

 

Yeah and the IMF also agrees that nothing is going to replace the dollar. God Bless America!

 

Silver has now surpassed the S&P 500 as the worst investment of the 2 today. Maybe gold is the better PM play at this point.

 

A good way to go is 50/50 I have a few 10oz bars, but at $4 less than eagles could be a good buy, but the eagles will have higher resale....
Also ck your local dealer to compare sometimes they sell generic silver for a good deal....

 

about $4 over spot is about as cheap as I can find right now....

 

This is silver with a little higher premium but supporting a smaller mint.....

 

Buy low sell lower. Care to explain why if you're buying silver to protect yourself from a poor economy that silver crashes at the first sign of economic trouble?