Miners in Brazil called "Worthless Gold" to the metals in early 1700. It is a rare and lustrous shiny, silvery-white metal that resists corrosion.discovered in 1803 by William Hyde Wollaston It is called Palladium.
Most palladium is used nowadays in catalytic converters for cars as global car demand increases demand for white metal grown by many folds. It is also used in jewellery,ceramic capacitors, found in laptop computers and mobile phones and some dental fillings and crowns.Palladium has no known biological role however It is non-toxic metal.
Palladium has been found uncombined in nature, in Brazil, but most is found in sulfide minerals such as braggite. It is extracted commercially as a by-product of nickel refining. It is also extracted as a by-product of copper and zinc refining.Almost 35 to 40 % of the world's mining supply comes from just one Russia.Demand for palladium is about 90% from industrial sources, compared to less than 10% for gold.
Palladium started January at US$1,254 and quickly gained momentum as supply continued to tighten and demand from gasoline engine automakers increased.
Ref: https://www.kitco.com
Easy to buy, hold, sell and trade, bullion coins can be an excellent way to enter the palladium investment market or add to your growing portfolio.
Appealing supply and demand fundamentals and a relatively small marketplace make investing in palladium coins an attractive way to diversify a portfolio.
Many Investors and International Banks think that the metal still has positive demands and price could reach higher and higher. In a note Monday, analysts at Bank of America Securities, said that they see prices pushing to $3,500 an ounce possible within next few week time.
With the market's impressive supply and demand fundamentals, and growing prospects for a potential supply squeeze in the years ahead, an investment in palladium bullion may be one of the best bets now and in the future. Let me know your thought If you already Palladium lover or and made money or planning to Invest.
Disclaimer: This articles is strictly for informational purpose only, The Views expressed in this articles is for is my personal views,Author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
