2018 Platinum Eagles

    This year (2018) was a slow year for precious metals. Mint sales were the lowest they have been in 11 years. Certain Mint issues did well if you were able to buy them. For instance, the Proof Palladium Eagle was an instant sell out of the 15,000 coins produced. Clients who bought on my advice made an instant profit. The same thing happened in 2017. Clients who purchased Palladium Eagles made a quick 30%+ in a matter of months.

               

       I’ll let you know when the U.S. Mint makes 2019 Palladium Eagles and hopefully we can make a little money those coins once again. They do plan to produce coins but there is no information concerning timing or whether the coins will be Proof or bullion coins.

               

      However, we can now lock in prices for:

    Platinum is perhaps the most out of favor of the precious metals. It continues to languish after the Volkswagen scandal from years ago. In the meantime, palladium has hit new highs. The last time palladium overtook platinum was 2001 when it hit a record $1,100 an ounce before falling to $315 later that year, all this with platinum around $650 an ounce.

    

       During that period the auto makers decided to change their process for producing catalytic converters to use more palladium since, at the time, it was much cheaper than platinum. Palladium, however, is much rarer and shot up from around $425 to $1,100 an ounce in roughly one year, as I previously mentioned.

     

      Eventually palladium was about $450 an ounce more than platinum. At that point it was worthwhile for the manufacturers to switch back to using more platinum and the price of palladium tumbled. Over the next three years platinum approached $1,000 an ounce and eventually topped out in 2008 at nearly $2,300 an ounce. Palladium continued to drop to $184 an ounce and topped out at under $600 an ounce in 2008.

    It appears that the auto makers have forgotten this lesson, today’s market appears to mirror what happened 18 years ago. Interestingly, the platinum/palladium spread is once again around $450 an ounce. This suggests that we may be approaching another shift back towards platinum as happened in 2001 after which platinum made its biggest move ever from its low of $419 to its high of $2,273 in 2008.

      I believe it may finally be time for platinum to make its move once again. The 2019 U.S. Platinum Eagles are a perfect way to own platinum bullion. As a bonus, they are all but guaranteed to be a low mintage coin, which could add to profits down the road. Production in 2018 was a mere 30,000 coins. The first 20,000 sold out in two days last February. An additional 10,000 coins were authorized on May 18th and sold out the same day.

      The great thing about buying this new issue before the release date is that we are buying them as bullion coins, which are priced much lower than the collector coins.

    The 2019 Platinum Eagles will likely sell out immediately once the Mint starts production. We can reserve 2019 Platinum Eagles right now. Lock in today’s low prices: