What’s the best way to invest in palladium? If you are a buyer of precious metals, you may discover palladium is not as popular as other investment options like gold. Nevertheless, palladium’s unique properties, uses, and price drivers can make it a sound investment. Here’s everything you need to know about investing in palladium: where it’s found; which industries use it in their processes; and the main price drivers if you’re considering adding palladium to your precious metals investment portfolio.

Why You Should Buy Palladium: A Beginner’s Guide

What’s the best way to invest in palladium? If you are a buyer of precious metals, you may discover palladium is not as popular as other investment options like gold.
Nevertheless, palladium’s unique properties, uses, and price drivers can make it a sound investment.
Here’s everything you need to know about investing in palladium: where it’s found; which industries use it in their processes; and the main price drivers if you’re considering adding palladium to your precious metals investment portfolio.

Precious Metals Guide

A beginner's Guide to Palladium

What’s the best way to invest in palladium? If you are a buyer of precious metals, you may discover palladium is not as popular as other investment options like gold.
Nevertheless, palladium’s unique properties, uses, and price drivers can make it a sound investment.
Here’s everything you need to know about investing in palladium: where it’s found; which industries use it in their processes; and the main price drivers if you’re considering adding palladium to your precious metals investment portfolio.

Why You Should Buy Palladium: A Beginner’s Guide | GOLD AVENUE

A beginner's guide to gold 

<h2>What is palladium?</h2>

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Palladium is a precious metal that is grey-white in colour.
It has a high melting point and is known for being very ductile. In other words, its properties make it easy to stretch, or make thin with a hammer - with little chance of it breaking. This also means palladium is easy to mould. In comparison to platinum, for example, palladium is stronger.
Palladium is classed as a very rare precious metal. Its concentration in the Earth’s crust is calculated to be rarer than that of silver, gold, and platinum.
In terms of where in the world palladium is produced:
Almost 40% of the palladium we use is currently processed in 🇷🇺 Russia.
While
🇿🇦 South Africa
🇨🇦 Canada, and
🇺🇸 United States
are the other leading producers of the precious metal so far in the 21st century.
<div class="highlighted-blue-bg">Five facts about palladium 🤓&nbsp;
Palladium was first discovered in 1803
It is a rarer metal than gold and silver
Can absorb &gt;900 times its volume in hydrogen meaning it’s useful for fuel storage ☁️
It gives white gold its signature colour
Montana is the only US mining location for palladium ⛏</div>
<h2>What is palladium used for?</h2>


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Broadly speaking, palladium is a key component for manufacturing and other processes in five key industries.
The level of supply and demand for palladium in each of these industries affects its price. So, if you intend to buy palladium it is worth understanding current developments in those sectors:
<ul><li>🚗 Automotive - Around 85% of all palladium is used by vehicle manufacturers to make catalytic converters, seeking to reduce harmful exhaust emissions. </li><li>⚡️ Electronics - Many types of capacitors harness the excellent conductivity of palladium, and are used to power everyday devices such as smartphones and computers.</li><li>👨‍⚕️ Healthcare - Palladium is both durable and compatible with many other materials, making it a useful part of surgical procedures - not least dental treatment, where the precious metal is included in crowns and bridges.</li><li>💍 Jewellery - As a precious metal palladium is an attractive prospect for jewellery manufacturers, producers of other luxury goods, and consumers alike. Palladium is naturally lustrous, light in colour, and is highly resistant to tarnishing.</li><li>⛽️ Chemicals - Scientists employ palladium’s properties in many processes, from air purification and water treatment, to hydrogen extraction and the development of fuel cells.</li></ul>

<h2>What affects palladium price?</h2>

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If you are considering buying palladium to store and grow your savings, or to resell, you will be keen to understand:
<ul><li>factors that affect its price</li><li>current financial performance</li><li>palladium price prospects</li></ul>
It is true that the price of palladium can vary significantly over a short space of time: more so, for example, than the price of gold. GOLD AVENUE’s<a title="https://www.goldavenue.com/en/palladium-price/usd" data-renderer-mark="true" href="https://www.goldavenue.com/en/palladium-price/usd"> palladium chart page</a> is a good gauge of real-time palladium price as it’s affected by changes in the markets where it is used.

<h2>Drivers of palladium price</h2>

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The automotive, or car manufacturing, sector is a good example of palladium price fluctuation being something to consider when investing in this interesting precious metal.
Vehicle production in Europe especially has slowed, temporarily at least, due to the Ukraine war. But also because manufacturers are turning some of their focus to electric vehicles that do not require the catalytic convertors of which palladium is a key component.
But that does not mean palladium is a poor investment choice. In prior years, palladium’s price was relatively high due to its scarcity and strong demand in many industrial sectors.

<h2>Why buy palladium?</h2>

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There are many positive aspects to buying and selling palladium. Mostly, this is to do with the fact that palladium is always in industrial demand which does have the potential to increase its price - and therefore the value of your investment.
With one eye on the future, as with other precious metal investments, trying to pinpoint the price of palladium is not an exact science.
Many factors - notably supply and demand - could change the price point; but palladium’s status as a rare commodity with great potential to grow in value should not be overlooked by the prospective investor.
<div class="highlighted-blue-bg">💡 Did you know?
The average catalytic converter contains up to seven grams of palladium. Use of the precious metal in vehicles accounts for 85% of the volume of all mined palladium. You may have been driving around town in possession of some palladium without realizing it!</div>
<h2>💰 What palladium products can you buy?</h2>

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Now you know some facts about the mysterious but precious metal palladium, what it’s used for, and what changes its price, let’s see what physical palladium products are on offer.
Will you buy palladium bars or coins? 
This depends on your:
<ul><li>goals</li><li>budget</li><li>preferences</li></ul>
Palladium bars are good for long-term investment and wealth preservation owing to their bulk value.
Palladium coins, on the other hand, give greater liquidity and are often easier to resell - offering a flexible investment.
Whichever option you choose - it could be both! - you can be sure of investing in quality. All of GOLD AVENUE’s palladium bars and coins are fine palladium, meeting 9995.0‰ purity: the international standard for investment palladium bars and coins.
<a title="https://www.goldavenue.com/en/buy/palladium/buy-palladium-bars-switzerland" data-renderer-mark="true" href="https://www.goldavenue.com/en/buy/palladium/buy-palladium-bars-switzerland">Palladium bars</a> - GOLD AVENUE regularly offers cast bars and minted bars in different sizes. These are usually available in 1 gram, 1 oz, and 10 grams.
Palladium bars are highly valued by investors due to their tangible asset status and industrial applications (see above).
<a title="https://www.goldavenue.com/en/buy/palladium" data-renderer-mark="true" href="https://www.goldavenue.com/en/buy/palladium">Palladium coins</a> - The small size of palladium coins makes them cheaper to buy individually, and also generally easier to resell individually than palladium bars.
You may eventually wish to sell just some of the product you bought, and this is simple with palladium coins. It’s a great option for investors and savers who want maximum flexibility, ‘coining it in’ as and when required.
Whatever you choose, the great news is that purchasing palladium products through GOLD AVENUE includes access to free storage in our vast vaults in Switzerland - or in some instances you can have it securely shipped to your location.
What’s more, when you decide to resell your palladium you can do so without commission, so the value of your investment does not decrease.

<h3>Is palladium a good buy?</h3>

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As with any investment the question “Is palladium a good buy” is something you’ll ponder hard if you’re looking for value in purchasing precious metal.
While palladium price is volatile due to the very fact it’s used in so many industries, which often flirt with fluctuating supply and demand themselves, it also offers savers and investors some really good benefits.
Combine all the factors below and it’s easy to see why palladium has come to the fore as a valuable investment option alongside the better-known precious metals gold, silver, and platinum.
√ Increasingly considered ‘investible’ due to its rarity and growing demand in different industries.
√ Flexibility is a feature of palladium products that are on offer, with coins in particular giving investors a simple way to buy and sell.
√ Palladium investing can help diversify your portfolio - it isn’t always directly linked to factors affecting the price of gold, silver or platinum, so can offer a buffer against economic events such as rising interest and inflation rates.