INVESTING IN PALLADIUM
Palladium is softer than platinum, resistant to oxidation and corrosion and is very useful on reducing harmful emissions. It has never been used as a currency like gold or silver, rather more so industrially and as an investment.
SUPPLY & DEMAND
There is a very limited supply of palladium and a high demand for it. Uses for palladium include: autocatalysis, electronics, dentistry, jewelry, chemical, fuel cells, polyester manufacturing, photography, water treatment, hydrogen purification and cancer treatment.
RISING INCREASE IN DEMAND
The rise in demand and uses for palladium has caused the average annual price per ounce to increase from $337.57 in 2002 to $776.75 in 2011. In 2010 alone, demand for palladium soared by over 23% because of investor interest and strong purchasing in the auto market.
INVESTMENT QUALITY PALLADIUM BULLION & COINS
Rocky Mountain Precious Metals offers its clients the highest quality IRA approved, COMEX certified palladium bullion and coins. All palladium purchased comes with a certificate of commodity transfer and is assayed for purity. We offer delivery of the palladium or the option to store it in one of our COMEX-approved, federally regulated banking facilities or depositories. The security of your investments is our utmost concern and we ensure our storage for you as well as all deliveries 100%.
STRONG INVESTMENT FUNDAMENTALS
Gold is having a good year, but not as good as palladium, which has spiked nearly 50% in 2017 to its highest level in over 16 years.
The price of palladium, which is used in cars, electronics, dentistry and jewelry, hit $1,130 per ounce in January. Analysts say it’s a case of strong demand and tight supply.
“We are convinced that palladium’s strength is driven by fundamentals,” said Joni Teves, a strategist at UBS. Teves said that there’s been a consistent shortfall of palladium over the past five years and demand for the metal continues to be strong — particularly in Asia.
Currently, UBS data shows that 78% of demand for palladium came from the auto market. The material is used in exhaust parts to turn dangerous pollutants into less harmful emissions like carbon dioxide. Strong sales of gasoline-powered cars in the U.S. and China have helped drive demand for the metal.
Gold is still worth more at around $1,331.00 per ounce. But palladium prices have doubled in under two years and are now approaching a record high.
*To learn more about protecting your financial future with investments in gold, silver, platinum and palladium, take the first step today by calling Rocky Mountain Precious Metals, LLC at (424) 362-2763 or click the link above to open an account online today.
Palladium Bullion Bars
Made of 99.95% pure palladium, bullion bars come in a variety of sizes, styles, and brands. Bars range in size from 1 ounce to 100 ounces. Bars can be “cast” or “minted.
There are many different “hallmarks” (the name/brand for the refiner who produced the bar). Small bars: 1 ounce to 10 ounces are manufactured to precise specifications and contain the corresponding amount of pure platinum. Large bars: 100-ounce bars are “odd-weight” bars. “100-ounce bars” can weigh between 93 ounces to 107 ounces. All palladium bullion bars are bought and sold based on their gross weight. Palladium bars can be shaped differently depending on the brand.