Palladium and Platinum are known as more industrial precious metals and are often over looked, but here at KK Bullion we have seen the benefits both these metals and silver can bring to any portfolio.
Palladium is notoriously used in automobile and with the demand in China and the US getting bigger and bigger this spells good news for the lustrous metal. Further supply issues in South Africa will constitute to further gains.
Predictions for palladium for 2014 seem to stand by $800 for the first half of the year and then $825 for the second half.
As long as risk assets remain in favor palladium will continue to work for you. Importantly palladium was the only precious metal which performed positively in 2013, therefore palladium looks to be the hot metal of 2014 too.
Meanwhile Platinum the slightly more well known, for now the issues in South Africa will also drive platinum as well as the continued global hunger for this.
The professionals who back this up –
Hermes Fund Managers Ltd – say commodities will gain the most this year since 2010.
Barclays PLC say platinum and palladium will outpace supply for both metals, therefore now is the fine to get of the precious metal band wagon and see what whets your pallet.
See our range of platinum and palladium in stock and ready to buy now.