Dada got another platinum ounce for sale at spot price

[Dave Ridley]

Today's platinum spot is $1284 per troy ounce....  If you can find any available at a store or mint (not always easy) you'll probably pay three percent over spot.  And you may have to buy in quantity.  Buy one from Dada now and you'll pay zero percent over spot.

This is a one ounce Johnson Matthey bar.

Assuming you are in a position to pick it up from me within 2 months, and you speak for it by 4/19, it's yours at that price.

[PowerPenguin]

Will you be attending PF? That's the only time this year I'll be anywhere near your area....

[Dave Ridley]

I'll likely be there but that's past the two month mark.  I'll have a different price then. keep an eye on this section and you'll probably be able to bid on what I post between now and then.

[PowerPenguin]

OK, I'll keep an eye out then. Also, I have a 1/10 oz platinum Eagle that I might be willing to trade for something else, or as part of payment for a larger platinum piece in the future. Also, does anyone have any palladium by any chance? I find that element very interesting, but its prices have remained more or less stable for the last 10 mos or so with a few exceptions. Does anyone see potential in this particular metal?

[Dave Ridley]

Penguin I do have a little Palladium and would be willing to sell you a round or two for delivery at Porcfest; however the price would not be as low as you might want.  I'd sell for $405 an ounce, which is roughly nine bucks more than the mint is currently charging. And their price is 6% over spot; palladium carries the highest percentage premium of any PM. 

On the other hand this far out it's almost like a futures contract, and you only have to buy one ounce.  The mint makes you buy five, or at least mine does.  I'd be happy to sell you between one and three ounces at that price.  You'd have to speak for them between now and April 20 for me to lock in that price.


One thing about Palladium is it's the only PM that has gone down over the last seven years so yes it does have its own separate upside potential.  Craziness and scheming in Russia as well as competition between Palladium and Platinum...these can do wierd things to the price and that makes it a diversifying factor in your holdings.