Is palladium a good investment? We believe that palladium is an excellent addition to any well-diversified portfolio. Along with platinum, palladium is one of the rarest metals in the world. In fact, all the palladium ever mined would comfortably fit in an average-sized living room, per the CRB Commodity Yearbook.
Palladium is a chemical element with the symbol Pd and atomic number 46. It’s a rare and lustrous silvery-white metal discovered in 1803 by William Hyde Wollaston. He named it after the asteroid Pallas, which was itself named after the epithet of the Greek goddess Athena, acquired by her when she slew Pallas.
Many investors buy palladium because it has unique properties that make it an irreplaceable industrial metal. Palladium is dense and has a very high melting point (2,830 °F). It’s also soft and resistant to oxidation and corrosion.
One of palladium’s main uses is in catalytic converters. It wasn’t until the United States implemented new emission standards for automobiles in the 1970s that palladium became mainstream.
Automakers needed new catalytic converters to absorb hydrogen and carbon monoxide. Palladium proved itself to be one of the best choices for these applications. From there, the industrial uses for palladium grew. It found its way into dentistry, medical instruments, fuel cells, spark plugs, electrical components, and jewelry.
Is palladium a good investment? Many in-the-know investors buy palladium because its scarcity combined with its many use cases make this finite resource an excellent speculative investment.
Because of its growing popularity, palladium bars and coins were created as an alternative to investing in silver, gold, and platinum. Unlike U.S. dollars or securities, such as stocks and mutual funds, the value and uses of palladium are not dependent on policy decisions from the U.S. government or Federal Reserve.
Palladium is another great way to diversify your precious metals portfolio. If you already own gold, silver, and platinum, adding palladium to your portfolio adds another asset that can help achieve your goals of protecting, preserving, and profiting from precious metals.
Endeavor Metals is a reputable, Tier 1 precious metals dealer that can help you invest according to your specific preferences, budget, and financial goals. Our competitive prices and exemplary customer service have earned Endeavor Metals an A+ Better Business Bureau accreditation and a 4.9 Google star rating. We’ll go above and beyond to ensure your complete satisfaction, and that includes providing a 7-day, 100% money-back guarantee.
Is palladium a good investment? We believe it can be an outstanding addition to a financial portfolio. If you’re interested in palladium coins, bars, or numismatics, let’s talk. Our friendly experts will be happy to help you make an informed decision. Buy palladium to diversify into a high-potential, tangible asset with a bright future.Contact us today at 855.753.3575