Investing in Palladium Bullion
Palladium, a cousin of platinum, is a precious metal. Palladium bullion, as other precious metals, is traded on globally on the commodities market. Palladium is commonly used in the manufacturing of many products. It is a less expensive substitute for platinum. The demand for palladium is high, since it’s used in the manufacture of catalytic converters. It’s also used to make high quality jewelry. It is often combined with gold to produce what is commonly known as white gold.
Much of the world’s supply of palladium comes from Russia. The price of palladium was driven up in the past, due to political and economic situations. At one time the price of palladium bullion was almost equal to the price of platinum. Now, however, the supply is available, so the price has stabilized. For this reason, palladium has been used in many places where platinum used to be used.
Palladium has recently been considered for investment purposes. The price of palladium bullion is quite reasonable as compared to other precious metals, such as platinum and gold. The price of this and other precious metals is determined by the price it trades on the global market. The price and the intrinsic value, along with the rarity of the metal, make it a unique opportunity for investors.
Palladium bullion for investment is available in 10-ounce bars. The bars are made by pouring melted palladium into special molds. The molds are then cooled and the bars are removed. Each palladium bar is hallmarked to certify its specific weight and purity. The bars can vary by as much as 10%. The price that you will pay for palladium bullion is based on the exact weight of the bar and the price of the precious metal on the second day after you make the purchase.
Palladium bullion coins are also available for purchase. These are particularly nice for those who prefer to keep their investment metals in their own possession. One of the most popular palladium coins is the Maple Leaf. This beautiful coin is minted by the Royal Canada Mint. It is made with one ounce of pure palladium that is .9995 pure. The face value of the coin is 50 Canadian dollars; however, the price depends on the price of palladium on the market. Whether you choose palladium bullion bars or coins, you’ll find that it is a good addition to your investment portfolio.