QUOTE(GoldChan @ Dec 8 2011, 10:30 PM)
1. palladium 10x rarer than gold if I 'm not mistaken. we just don;t know how the market will value it's rarity.
I missed the boat in buying them at low prices. Did recall someone mentioning buying palladium when it was about USD200/oz
got the chances when it is USD300/oz but i was greed. after USD400/oz i forget about it already.
well, if you hold quite a lot of PM then some palladium and platinum will be great.
2. those who early bird in gold, most of them that i know off are very quiet one. Does not disclosed much about gold investment.
very slow to propagate the message back then lah.
3. i get to know gold via peak oil. when i begin to search for peak oil solution.within 2 weeks after understanding peak oil i found gold.
but too bad wasted 1.5 year procastinating then only buy and only to buy at peak USD1010/oz.
watch from RM2200/oz to RM3200/-
then stuck from march 2008 until sept 2008.
luck did not buy silver at that time because don't know where to get if not stuck for 2 years at USD21/oz
Wow, thanks for the input, that's why you really are the PM guy, who not only knows something about all PM, but has almost experience them first hand.
Anyway, think positive, maybe palladium becomes rusted or change state after keeping for 2 years. we are not sure how iron man keep his palladium, but I'm sure we are not rich enough to buy the correct storage container for keeping it properly.
But I do hope to own a small amount one day, what's investing in PM while you do not own every kind and know about all types.
chef
Added on December 9, 2011, 3:43 pmQUOTE(cruzzie73 @ Dec 9 2011, 11:49 AM)
haha it does look terribly similar and looks like we're in bull trap waiting to be slaughtered.
But these phases usually last 3-5 years each, or even longer.
If that is true, then we are still at late stealth phase / early institutional investor phase. Or at most, we are at bear trap. Look at institutional investors, have they really come in to the silver market yet?
I think we need to see the chart from further distant. the chart shown could be too short period, like cruzzie said, we have to look at 5 years or 10 years chart. So the small chart we are looking at have lots of spike, but I think we are approaching media attention and many people are starting to invest in silver now.
chef
This post has been edited by chef: Dec 9 2011, 03:43 PM