Investing In Palladium

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Investing In Palladium

New investors are often unfamiliar with the prospects of palladium, the silvery-white relative of platinum that was discovered in 1803 by the English chemist, William Hyde Wollaston. It is already playing an important ecological role in the control of carbon emissions and with an increased availability in coinage, the popularity of palladium could be on the increase.

Supply And Demand

Palladium is often retrieved from the earth’s crust as a by-product of the mining industry’s search for copper and nickel and much of today’s supplies originate in South Africa. The general use of palladium in industry has often been limited to small quantities in electronics, jewellery and dental applications. This has led to a imbalance of supply over demand, creating a shortfall in the level of investment. However, it has recently been gaining ground on other precious metals in two very opposing ways:

  • Automotive Catalytic Convertors
  • The American Palladium Eagle Coin

Automotive Catalytic Convertors

Palladium has become an important component in the manufacture of catalytic convertors. These small fabrications are instrumental in controlling the poisonous cocktail of car exhaust gases. Originally, platinum was the preferred metal but the similar performance of palladium at a much more attractive price soon increased its prospects. Palladium is often retrieved from the earth’s crust as a by-product of the mining industry’s search for copper and nickel and much of today’s supplies originate in South Africa. The general use of palladium in industry has often been limited to small quantities in electronics. Ecology is very much at the forefront of society and is likely to be increasing in the near future with interest in palladium following suit.

The American Palladium Eagle Coin

American minted coins have always been of interest to investors. Their latest addition was the introduction in 2017 of the American Eagle Palladium Coin which was issued to mark the 225th anniversary of the US mint. Weighing just one ounce Troy, supplies sold surprisingly quickly. Along with the interest in the Canadian Maple Leaf and the Chinese Panda, palladium suddenly enjoyed a surge in popularity that has seen its price threaten the usually more expensive platinum.

Investment Prospects

Successful investments often rely on an investor’s ability to predict the future based on an assessment of a commodity’s current worth balanced by its projected value. An ideal investment is in a precious metal that is obscure and unfamiliar to the vast majority but has excellent prospects that will increase its value considerably. The startling progress that palladium is currently making suggest that it might just fit into this category. Anyone hoping to add a metal to an investment portfolio should seek advice from Indigo Precious Metals about palladium’s exciting future prospects. New investors are often unfamiliar with the prospects of palladium, the silvery-white relative of platinum that was discovered in 1803 by the English chemist, William Hyde Wollaston.

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