Palladium, a precious metal that is more rare than both gold and platinum, is still relatively unknown worldwide. Palladium has very similar properties and uses as platinum. Palladium can be used in jewellery, electronics, medical instruments and catalytic converters in most vehicles. In 2010, about 60 percent of palladium and 40 percent of platinum was used for automotive, auto-catalyst purposes.
Palladium proves to be a huge competitor for platinum, as it has made a spectacular debut in the Chinese jewellery markets. Palladium is cheaper for jewellery buyers, yet offers hugely profitable margins for manufacturers and merchants. Over the past two years jewellery-industry consumption of palladium has more than trebled, to 1.13 million ounces, while equivalent demand for platinum has fallen by 1.47 million.
Though they are deemed precious, these metals have an unshakeable industrial personality, which plays a central role in their performance, and the surge that's overdue for platinum and palladium will be sparked by industrial demand. Like platinum, you’d be investing in the future and the eco-friendly initiatives being taken worldwide. Because of the unlimited ways that palladium can be used, and how limited the supply is, investment interest is steadily increasing.
At Caché Metals, you can buy palladium in the form of 1 oz. and 10 oz. bars as well as 1 oz. Maple Leaf palladium coins.
To purchase palladium visit our online store or contact a Caché Metals Investment Specialist toll free: 1.877.916.6670
As with all investments, the price of precious metals changes rapidly, and as such should be considered volatile. Upon entering the metals market, the risk of loss is solely that of the client. Only individuals who are capable of sustaining a capital loss should consider purchasing precious metals. Acquisitions in precious metals which are financed are considered high risk