When considering investing in precious metals gold bullion is usually the preferred metal of choice followed closely by silver.
However, have you ever considered investing in palladium?
Palladium makes up one of the six metals that form the Platinum Group Metals (PGM). These metals, in particular palladium are well known for their industrial usage. Most significantly palladium’s highly resistant properties make it an important component in catalytic converters for automobiles.
Despite palladiums durable composite and investment qualities, demand for investment is much lower than that compared to gold even though the palladium has drastically outperformed gold in recent years.
How to invest in palladium?
You can invest in either palladium bullion bars or coins, with the 1 oz and 100g bullion bars being some of the most sought after combinations.
Handy Tip: Be sure before you buy to check that the palladium content is 0.9995.
You may also want to see whether the bar is a cast bar or a minted bar as although the metal quality is the same the finish is different, with a minted bar giving off a more pristine finish.