PAMP Ruthenium bars

[silvernewbie]

Hi

i came across this new metal recently after PAMP started selling them and seems to be not much knowledge of RU.  Does anyone think this is a good investment long term, if buying at 80% premium on spot price for example? 

https://www.pamp.com/collectibles/ZRUFP00001b

thanks

[Relm]

The way i see it ..... NO, though others might disagree.  To who and where will you sell it when you want to cash in your investment?  You are unlikely to make much profit selling back to your supplier and at the moment i don't seen much interest from collectors

[Bimetallic]

The premium doesn't surprise me, since it's new and unusual. There's simply no way for anyone to assess its likely performance as an investment at this point because it's so new and there's no track record or data to refer to.

That said, ruthenium will surely never be a widespread, common precious metal in bullion form. This is a market that is already somewhat small, with gold and silver firmly established as the core precious metals / "monetary metals". Platinum is a distant third, and palladium a distant fourth that is far, far behind platinum. There isn't really any room for displacement of gold and silver, since a different metal wouldn't do anything different or better than gold and silver – it's not like there's room for meaningful innovation here. The metals are just stores of value, inert chunks, and the cultural place of gold and silver isn't going to give way to any other metals.

Ruthenium is a platinum group metal, one of six including iridium, osmium, palladium, platinum, and rhodium. I've seen rhodium bullion every now and then, but this is the first I've heard of ruthenium bullion. It makes sense that they would try other platinum group metals, but the long-term interest is unclear. It's definitely not a short-term play given how hard it will be to sell, so if you buy them you should plan to keep them for years, after which it might be easier to sell them.

[daca]

StackSellRepeat took the plunge

 

As mentioned by Bimetallic this a long, very long term investment not a quick flip.

I remember seen in 2019 Degussa ruthenium minted bars, not sure if they sell them at his moment.