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While it's often overlooked as a form of investment, palladium has displayed exponential gains over the past decade and continues to show good promise for growth. The most direct way to invest in this precious metal is to buy palladium bullion. Read this detailed overview to learn more about palladium bullion as an investment tool.
Palladium bullion comes in coins, bars and ingots. It serves as an alternative for investors who want to protect themselves against inflation, market uncertainty, currency devaluation and geopolitical risk. It's an appealing investment option because it's easy to store, allowing you to own a real, physical asset with little hassle.
Palladium is a precious metal that offers unique and potentially lucrative trading opportunities. Besides being a form of investment, it's also an industrial metal that's mainly used in autocatalysts that control emission levels in gasoline-powered vehicles. In addition, palladium has been discovered and mined in only a few unstable areas around the world, making it far scarcer than gold and silver. Consequently, its price tends to be significantly more volatile than gold and silver prices, which creates unique opportunities for speculative investment.
Palladium bullion is most commonly traded in the following forms:
Palladium bullion doesn't have the historical background that gold, silver or platinum bullion possesses. The earliest palladium coins were produced in Sierra Leone in 1966, and Tonga began issuing coins made from the same metal the following year. Since the 1960s, the United States, Canada, Russia, China, France, Portugal, Australia and Slovakia have minted palladium coins. However, only some of these coins were palladium bullion coins, while the others were special commemoratives. The following are a few notable palladium coins from around the world:
After the automotive industry began using palladium to reduce vehicle emissions in the 1980s, some people began to see promise in the precious metal as a form of investment. However, there have been mixed opinions about palladium because it's mostly mined in Russia and South Africa , two countries that are prone to political instability. Although it has been extremely volatile over the past two decades, palladium has grown to become one of the most expensive precious metals in the world.
Over the years, the favorability of palladium bullion has been as inconsistent as the performance of the palladium metal. With its rapid growth in recent years, palladium has been gaining favor with an increasing number of investors. Its high demand and great potential to increase in value make it especially appealing to investors who are looking to diversify their long-term investments. It's also a good option for people who want to store wealth and hedge against inflation, thanks to its high monetary value.
If you're planning to invest in palladium bullion, it's important to know the factors that can impact its performance:
As the palladium market is expected to continue experiencing a supply deficit, now is an opportune time to invest in palladium bullion. When purchasing palladium coins or bars, it's essential to get them from a reputable dealer. Make sure you're completely comfortable with the price and the terms of the sale before you buy.
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3. BBC. 'More precious than gold: Why the metal palladium is soaring,' https://www.bbc.com/news/business-51171391. Accessed September 30, 2020.
4. Bloomberg. 'What Is Palladium? It's Suddenly the Most Precious Metal,' https://www.bloomberg.com/news/articles/2019-10-28/why-palladium-is-suddenly-a-more-precious-metal-quicktake-k2ap4ryc. Accessed September 30, 2010.