Buy Palladium
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The two most-popular palladium bullion coins available represent two of the most respected coin programs in the world today. Issued by respected sovereign mints with the backing of powerful central banks/governments, the following two palladium coins are available for investors:
More than half of the global supply of palladium is used for the production of catalytic convertors in automobiles, which convert more than 90% of harmful gases from combustion engines into less noxious substances. Other popular uses for the metal include dentistry tools, electronics, groundwater treatment systems, and jewelry.
If you have any questions about buying palladium or the variety of options available from JM Bullion, please feel free to reach out to our customer service department. A team member can help you on the phone at 800-276-6508, chat with you live online, or respond to your inquiries via email.
Like platinum, palladium is a lustrous, silver-white metal. It has many of the same applications. The largest application is in automobile catalytic converters, but there are also uses in jewelry, dentistry, surgical instruments and electronics.
The top producers are Russia and South Africa. Russia is known as the palladium capital of the world. Relations with the west however, remain tense. When the US imposed sanctions on Russia in April, 2018 the palladium spot price jumped 6% overnight.
Because palladium and platinum both offer utility as catalysts, the recent price run in which palladium reached parity with the traditionally more expensive metal makes sense. Many expect palladium will maintain its higher valuation. Demand is likely to rise whenever automakers and other manufacturers perceive an opportunity to switch to a less costly alternative.
The number of product options available to bullion investors have grown. Twenty years ago, it would have been very difficult for Americans to buy palladium bullion in any form, but that has changed. Both coins and bars are now readily available and widely traded.
The U.S. Mint produced a 1 oz palladium American Eagle for the first time in 2017. The small issuance of those coins sold out very quickly. Going forward the number of coins minted will likely increase as the mint works to match supply with demand.
The Royal Canadian Mint has been producing a palladium Maple Leaf since 2005, though not consistently each year. Today, this is the best option for investors who want an official, government issue coin. They are almost always in stock and premiums are affordable.
There are also palladium coins from Russia or Bermuda. We would not recommend North American investors purchase these coins unless the savings are significant. Dealers trade them very infrequently. Because the liquidity is lower, sellers can expect them to bring significantly less than a more liquid coin or bar.
Investing in palladium makes sense for investors who anticipate rising demand for cars and trucks which produce lower emissions globally. If the economies of China and India continue to develop rapidly, demand for the metal should keep rising. It will not take a lot of additional demand to completely outstrip supplies.
Industrial demand is a major driver for palladium prices, whereas gold trades as a monetary metal and as a safe haven asset. Its fortunes rise and fall based on inflation expectations and geopolitical turmoil. While palladium will likely be a major beneficiary of the ongoing debasement of the US dollar, it does not depend as heavily upon that trend.
However, investors cannot go wrong buying bullion coins, such as the Maple Leaf. They pay no additional premium relative to brand name bars, and the issuances of these coins are tiny relative to the more popular gold and silver American coins. If palladium catches on with collectors in the years ahead, it will be a nice bonus on top any appreciation in the underlying metal.
To investors, palladium is still the least known and least understood of the four major precious metals. However, its performance as an investment has been by far the strongest over recent years. Palladium saw gains of nearly 40% in 2017, 19% in 2018, 54% in 2019, and has reached new record highs over $2,800 in 2020.
Like platinum, the most common use for palladium is the catalytic converters (80% of demand) required in all automobiles and is the active metal in cleaning the toxic substances in engine exhaust. Recently, key strategic uses for palladium have been discovered in fuel cells and hydrogen storage. Palladium is also used in connector plating for many electronic devices, as well as in jewelry, medical devices, cleaning supplies, and dental fillings.
The demand for palladium has grown substantially due to growth in the auto industry in such emerging countries as China and India with new automobile demand from an emerging middle class. These same countries are also taking active steps to reduce harmful emissions. A narrowing palladium supply deficit is expected in 2021 following deficits of nearly 800,000 ounces in 2020 and 880,000 in 2019. Very little new supply is reaching the market with limited new mining capabilities in the primary mining regions in South Africa and Russia.
Palladium is considered a precious metal because it is extremely rare. It is more than 30 times rarer than gold. There are very few significant deposits in the world that can be mined and therefore only a few palladium producing countries.
However, investors who allocate some portion of their precious metals portfolio to palladium gain diversification and exposure to different markets and market fundamentals. Such diversification can reduce volatility.
Further, the fundamentals of the palladium market are still strong even at these high prices. In addition to profit potential, physical palladium as an investment has the advantage of being a private tangible asset and may be an effective hedge against inflation.
Your dedicated Account Representative at Midas Gold Group can help you determine if an investment in palladium is appropriate for your specific goals and concerns. As with all of our products, the process of buying palladium through Midas Gold Group is simple, straightforward, private, and secure.
Checking current prices of palladium on the internet can be less customized to your owned metal, but you can also come down to our in-person location to have our expert appraisers evaluate the approximate price of your palladium.
Where next for the precious metal and can it find new use cases amid the growing popularity of EV vehicles Here we take a look at what factors are shaping the palladium price forecast.
Today palladium can be found in sulphide minerals, such as braggite, and is extracted as a by-product of nickel, copper and zinc. Along with platinum, ruthenium, rhodium, iridium and osmium, palladium is one of the six metals of the platinum group (PGMs). These metals are extremely rare and are valued for their superior catalytic features.
South Africa, Russia, Canada, the US and Zimbabwe were the biggest palladium producers in 2021, according to data collected by Statista. Meanwhile, the biggest palladium-exporting countries were Russia, South Africa, the US, the UK and Italy. The biggest importers were the UK, the US, Canada, Hong Kong and Switzerland, WITS data showed.
Due to its rarity, palladium is often seen as an investment asset. Traders can speculate on palladium prices through various instruments, including spot palladium trading, futures and options contracts, palladium mining stocks and exchange-traded funds (ETFs), and financial derivatives. Note that all trading contains the risk of making a loss.
As with any commodity, palladium price is primarily shaped by the forces of supply and demand. The palladium spot price rallied in 2020 amid supply deficits caused by pandemic-induced restrictions in exporting countries.
In the second half of 2021, however, the global semiconductor chip shortage caused automotive manufacturers worldwide to cut production. This had a knock-on effect on palladium demand, with the futures prices falling to $1604/oz in December 2021.
The growing popularity of EVs and the push for sustainable energy along with macroeconomic headwinds pose risks to palladium demand from the automotive sector, according to Heraeus Group analysts, who noted:
TD Securities spot palladium price predictions saw the metal trading at $1,879/oz in the first quarter of 2023, rising to $2,100/oz by early 2024. In 2025, the firm saw the precious metal falling back to $1,950/oz.
Whether palladium is an appropriate investment for you would depend on your risk tolerance, portfolio composition and strategy, and other personal factors. You should conduct your own due diligence before investing.
A palladium ETF is a fund that holds palladium as its underlying asset. Palladium is a rare precious metal that has recently surpassed gold in price, making it one of the most expensive commodities. The problem with palladium is that, just like gold and silver, storing precious metals in significant quantities lowers your net asset value, plus it's harder to sell.
A palladium ETF solves that by allowing you to invest without dealing with the underlying commodity. Having greater liquidity than palladium futures and eliminating the hassle of dealing with physical palladium is what makes a palladium ETF investment so much more convenient. However, you'll want to pay attention to the expense ratio of commodity ETFs you invest in since high fees can be a downside.
Russia is the top producer of palladium, so the country's war against Ukraine added uncertainty to an already volatile market. This caused palladium prices to go up and, consequently, the price of PALL shares and other palladium funds. But, PALL outperformed the S&P 500 by 86% over the past five years and, with an expense ratio of 0.6%, is probably the most cost-effective way to invest in the palladium market over the long term. 59ce067264