Palladium belongs to the Platinum Group of Metals (PGM) and is rarer in occurrence compared to platinum. As the automobile industry continues to grow at a tremendous rate around the world, the demand for palladium is also growing as half of the palladium mined in the world goes into the automobile industry for catalytic converters. The other industries that use palladium are electronics, medicine, dentistry, and jewelry industries, among others. Palladium has a higher melting point and lesser density compared to platinum. Palladium has a silvery-white appearance, has similar chemical properties to the other PGM members, and also has hypoallergenic qualities. It is resistant to corrosion and is not easily melted, even in some of the strongest acids. All these have made palladium an important metal for the use in various industries.
Why Invest in Palladium?
The growing demand and limited supply have made palladium a desirable precious metal for investment. Russia is the leading producer of palladium with around 44% of its global-demand met by Russia. South Africa amounts to 40% of the world’s palladium supply, 6% from Canada, and in the US, Stillwater Mining Company is its lone producer.
Palladium can be used for investment purposes in order to diversify the portfolio. Palladium has shown great price performance in recent years, and hence people have started realizing the investment potential of palladium. Moreover, several popular mints have promoted palladium by releasing some exceptional palladium bullion. The bars come in a variety of sizes which helps add divisibility to the portfolio and the stunning designs add tremendous collectible value. Most of these bars are also eligible for precious metal IRA. A majority of the mints release these bars in reliable tamper-proof packaging, making them easier to store. There are also monster boxes of these available for those who want to buy palladium in bulk. When the bars are from well-recognized mints, it is easier to liquidate them.
As mentioned above, the two major producers of palladium in the world are Russia and South Africa, hence any geopolitical turmoil in these two nations can lead to a severe fluctuation in palladium prices. Palladium metal price is vulnerable to frequent fluctuation which can allow investors to take advantage of the situation by selling when the price is high and purchasing when the price dips. Palladium comes at an affordable price in comparison with its expensive counterpart, platinum.
Popular Palladium Bars:
There are several mints and refineries that produce palladium ingot, here are a few prominent ones that are well-recognized globally:
PAMP Suisse Palladium Bars:
PAMP Suisse is a Swiss refinery that is globally renowned for its wide array of exquisite, artistically designed palladium coins and bars based on different themes, the most popular of which are the Lady Fortuna Bars. Apart from gold, silver, and platinum Lady Fortuna bars, PAMP has also started producing Palladium Lady Fortuna Bars that feature the iconic image of the Roman Goddess of Fortune and Luck, Lady Fortuna, a well-recognized design around the world. These bars, with their aesthetic appeal and investment value, are liked by collectors and investors alike. The bars are made of .9995 pure palladium and come in the following sizes: 1 kg, 500 g, 100 g, 50 g, 10 oz, 1 oz, ½ oz, 20 g, 10 g, 5 g, and 1 g. The bars come in tamper evident packaging with an assay card. The PAMP Suisse palladium bars can help in diversifying an investment portfolio and an added advantage is that they are also IRA approved.
Credit Suisse Palladium Bars:
Credit Suisse is a Swiss-based, multinational financial service holding company and has several products available in gold, silver, platinum, and palladium metals. Although the Credit Suisse palladium bars come in different designs featuring monuments like the Statue of Liberty, the commonly available palladium bars are the simple yet elegant ones that bear the Credit Suisse logo with technical specifications of the bar on the obverse and the diagonally repeating pattern of the logo on the reverse. These bars come in two sizes, 1 oz and 10 oz, and are made of .9995 pure palladium.
Johnson Matthey Lewis & Clark Palladium Bars:
Johnson Matthey bar is produced by the sole palladium producer in the USA, the Stillwater Mining Company. It was released in 2004 to commemorate the 200th anniversary of the Corps of Discovery Expedition by Lewis and Clark, which began in 1804. It also celebrates the 200th anniversary of the discovery of palladium itself in 1804 by William Hyde Wollaston. The design features Meriwether Lewis and William Clark on the obverse the reverse features the Stillwater logo along with technical specifications. The refining for the bar was done at Johnson Matthey, and minting took place at the Northwest Territorial Mint for Stillwater. The bar is made of 1 oz .9995 pure palladium and comes in a sealed assay card.
Scotia Valcambi Suisse Palladium Bars:
Valcambi Suisse palladium bars have been produced by the Valcambi Suisse refining company of Switzerland for Canada’s third largest bank, the Scotia Bank of Canada. They are favored by investors for their simple yet elegant design which features the Scotiabank logo on the obverse and technical specifications on the reverse. They come in 1 oz sizes and are made of .999+ pure palladium and are packaged in a tamper-proof assay card.
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