How to Invest in Palladium 2023 Step-by-Step

A popular way to hold palladium is to physically own palladium bullion. This can consist of palladium bullion bars or coins that you can buy from a precious metals dealer. The two forms of palladium include bars and coins and are available in different sizes. Moreover, palladium is a rarer precious metal that gold, which means its value can increase in the future. Keep in mind that palladium is more volatile compared with other precious metals. This means its price may fluctuate due to changes in supply and demand.

Palladium, with its unique properties and applications, is gaining attention, leading to increased demand and potential price appreciation. As a palladium expert with years of experience under my belt, I can confidently provide an informative perspective on this intriguing matter. In the world of precious metals, gold and silver typically take center stage, but palladium is another metal that deserves your attention. The most direct way to get involved in trading palladium is to purchase palladium bullion directly from a reputed mint or other trustworthy supply source. This physical purchase of the metal typically takes the form of coins, collectable coins, or bars of the metal which can be purchased at different weights. Both gold and platinum are extremely scarce, but platinum is superior for industrial uses which make its price relatively more volatile.

We can help you diversify your precious metal portfolio with certified palladium coins and bars at Oxford Gold Group in Los Angeles, CA. You can trust our products knowing that we have an A+ Better Business Bureau rating and more than 100 five-star customer reviews on Google. When you’re ready to solidify your hard-earned savings, call Oxford Gold Group at (855) 600-GOLD to speak with our team. Paper investments include exposure to ETFs, stocks, and mutual funds that trade palladium which exposes you to the price action of palladium without giving you tangible assets. Another potential risk is the uncertain future of fossil fuel vehicles. Catalytic converters, which eat up 85% of palladium’s industrial demand, aren’t used in electric vehicles.

Ways to invest in palladium: ETFs

It’s also due to several other factors including supply-chain disruptions and lack of investment in palladium mining projects. TD Securities spot palladium price predictions saw the metal trading at $1,879/oz in the first quarter of 2023, rising to $2,100/oz by early 2024. In other palladium price news, Nornickel also said that “global automotive market recovery is deferred to 2023” amid a “lack of semiconductors and supply chain interruptions impact vehicle output”. The firm saw automotive production recover in 2023, growing 11% to 89m units alongside improving chip availability. The precious metals market may seem intimidating, but it’s not as it seems. Our team has compiled a summary of our tips and information into a free guide so you can learn how to begin securing your future.

  • These days, it’s trading at $856 during a time of massive weakness in the global economy and a pullback in the precious metals market.
  • PALL is currently trading at a premium of 1.05% based on its Net Asset Value (NAV).
  • Many people assume investors stack bars in a private safe in their home, though this usually isn’t the case.
  • Another way of investing in palladium is by holding physical assets directly, such as palladium bullion.

Historically, the price of palladium was more volatile from 2001 to 2016 compared to previous periods. It then started to steadily rise and surpassed the $1,500 mark in February 2019. Palladium’s inclusion in this index demonstrates Palladium’s value to investors and that the metal is a valuable resource for investors. Palladium moves at nearly the same rate as Gold, making Palladium an excellent store of value.

Why Platinum and Palladium Are Good Purchases

On the supply side, the world’s largest palladium-producing countries are Russia and South Africa. A convenient and safe way to venture into palladium investing is through a licensed and regulated commodity trading platform like eToro. Aside from having a Financial Conduct Authority (FCA) and Financial Regulatory Authority (FINRA) license, eToro is also used by millions of investors across the globe. One of the key factors driving the demand for palladium is stricter emissions regulations around the world. However, its high usage has resulted in supply deficits, as the primary sources of palladium production are limited.

Almost all gold is used for its financial attributes rather than industrial applications. The value of palladium has experienced significant volatility over the years. In recent times, its price reached record highs due to the supply-demand dynamics mentioned earlier.

What drives palladium prices?

As the year ends, investor sentiment is improving, and there are several high-quality stocks available at discounted prices. When the bull market comes in, many of them can soar to greater heights while outperforming the broader market. If you want to purchase Palladium or any other precious metals, you can book a call with one of our precious metals specialists, who can guide you through the process. Unlike other metals that can be found in various parts of the world, palladium’s supply is concentrated in a few regions, primarily Russia and South Africa. This geographical concentration, geopolitical tensions, and mining issues can lead to supply disruptions, pushing prices up.

Other scientists believed that palladium was just an alloy of other metals, forcing Wollaston to publicize his discovery to the Royal Society of London. As it became popular, palladium was used in the treatment of tuberculosis but had too many undesirable side effects and its use in the treatment of the disease was stopped. Palladium bars are available at the lowest premium which makes them more affordable. Palladium bullion is a great way to own investment-grade metal because it is relatively easy to obtain because many reputable dealers sell Palladium bars online.

Creating an account on eToro allows you to start investing in palladium through CFDs, as well as in other commodities. Palladium is also used in the production of chemicals to develop industrial materials. While palladium’s other industrial uses account for a smaller percentage, this segment is on the rise. Palladium is also used to make jewelry, is present in dental procedures, and is used as a component for electronics like laptops and smartphones. Analysts refrained from providing palladium price forecasts for 2030 due to a number of uncertainties at play.

Diversify Your Retirement with Alternative Assets.

In the last months of 2022, palladium futures have been hovering around the $1,900/oz mark. Many people assume investors stack bars in a private safe in their home, though this usually isn’t the case. Like any precious metal, there are multiple options for investing in palladium. Depending on how much palladium you wish to purchase, your financial goals, and how you want to gain exposure to the palladium market, one of the options below might work for you. While gold, platinum, silver, and other precious metals typically gain value at predictable, steady rates over time, palladium recently soared for the reasons discussed above. In 1998, when global governments began taking action against pollution, platinum metal values increased by over 600%.

It can be found in car converters as a catalyst that is used to filter out more harmful chemicals from the exhaust and is also used as a catalyst in plastic and fertilizer production. Platinum can be found in medical instruments, lab equipment, electronic devices and even in some medicines. Also, to no surprise, Platinum is used in jewelry because it is both durable and beautiful.

Just like gold, silver, and platinum, palladium is often held as an investment. It holds several benefits when used as a store of wealth, just like other precious metals. A store of value refers to an asset or commodity that maintains its value over a period of time. Palladium is a store of wealth whose value moves at a similar pace like that of gold. Despite the price drop, palladium is still more expensive than gold, which is priced at roughly $1,800 per ounce.

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