The eye of most investors is immediately drawn towards gold as a precious metal investment, with a similar number interested in silver as part of a diverse portfolio of investments. It’s understandable for investors to lean toward these metals due to the variety of different coins, bars, and rounds available. There are other precious metals available as well though which offer impressive purity and value. Palladium is an often-overlooked precious metal as an investment, but is slowly growing in popularity. Look closely and you’ll find palladium coins and bars increasing in number.
The two most-popular palladium bullion coins available represent two of the most respected coin programs in the world today. Issued by respected sovereign mints with the backing of powerful central banks/governments, the following two palladium coins are available for investors:
Palladium coins don’t have the background that gold and silver bullion coins possess or even platinum coins for that matter. The first palladium coin was issued by Sierra Leone in 1966, with Tonga issuing coins in 1967. Since the 1960s, nations including Canada, the Soviet Union, France, Portugal, China, Australia, and Slovakia have issued palladium coins, but most were special commemoratives rather than palladium bullion coins.
Investors can also opt to purchase palladium bullion bars. Popular bullion programs such as the PAMP Suisse Fortuna are offered in palladium, but you’ll also find a variety of other palladium bars available to purchase online. One such example is the following palladium bar:
Palladium is a rare and lustrous metal with a silvery-white appearance. It is a member of the platinum group metals along with platinum, rhodium, ruthenium, iridium, and osmium. Palladium was discovered in 1803 by William Hyde Wollaston. Today, the most extensive deposits of palladium around the world include the Bushveld Igneous Complex in South Africa’s Transvaal Basin; the Stillwater Complex in Montana, USA; the Sudbury Basin and Thunder Bay District of Ontario, CA; and in the Norilsk Complex in Russia.
More than half of the global supply of palladium is used for the production of catalytic convertors in automobiles, which convert more than 90% of harmful gases from combustion engines into less noxious substances. Other popular uses for the metal include dentistry tools, electronics, groundwater treatment systems, and jewelry.
If you have any questions about buying palladium or the variety of options available from JM Bullion, please feel free to reach out to our customer service department. A team member can help you on the phone at 800-276-6508, chat with you live online, or respond to your inquiries via email.