Palladium Guide – Learn all about investing in Palladium
What is Palladium?
Palladium is a rare and lustrous metal, white and silvery in colour and forms part of the Platinum Group Metals (PGMs).
With demand rising and supply under pressure the outlook for this scarce and beautiful metal is compelling, we have seen a dramatic increase in traders looking to invest in palladium.
What is Palladium used for?
Palladium is primarily used in the automotive and industrial sector, in particular the metal is used in the production of catalytic converters.
In fact palladium loadings per vehicle in China are projected to grow by 20% in the near future.
Palladium is now rapidly growing as an investment mechanism.
Why invest in Palladium?
Global demand for investing in palladium is increasing, with the metal price rising and outperforming many other assets.
Its scarcity and rareness has made it a popular choice for jewellery, along with platinum.
VAT on Palladium
Palladium unlike gold is subject to VAT at 20%. However with palladium continuing to rise in demand, if you are considering to invest in palladium as a long term investment it is likely you will soon recover the VAT and more, thanks to its wide range of uses making it a highly sought after metal.
Delivery and Storage
Palladium like platinum is relatively easy to store thanks to its high value to density. When you are considering to invest in palladium, should you wish to store your palladium with KK Bullion then please speak to one of our knowledgeable team.
Call us on 01202 611061 or email email@example.com.