Precious Metals / Palladium
“Palladium is used a lot for electronic purposes—new usages now that are in the high-tech area. So it has that kind of a very substantive future.”
Even though it is often overshadowed by the other more known precious metals, palladium does contribute significantly to the modern economy. Palladium is a popular metal for industrial uses due to it being ductile and resistant to rust. The lower price makes it attractive for dental usage in crowns and also as a potential treatment option for cancer when made radioactive. Making palladium a part of your bullion investment will continue to improve its significance over time due to the developing economic needs for this precious metal.
Even though it is often overshadowed by the other more known precious metals, palladium does contribute significantly to the modern economy. Palladium is a popular metal for industrial uses due to it being ductile and resistant to rust. The lower price makes it attractive for dental usage in crowns and also as a potential treatment option for cancer when made radioactive. Making palladium a part of your bullion investment will continue to improve its significance over time due to the developing economic needs for this precious metal.
Palladium is a member of the platinum family of metals, known as PGM along with platinum, rhodium, iridium, ruthenium and osmium. It is a by-product of platinum and nickel mining. Palladium is largely used in ceramic capacitors for electronics and for the manufacturing of catalytic converters, which convert harmful exhaust gases.
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