Investing in 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.”
— Bette Raptopoulos
Palladium in industry
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.
What is Palladium?
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.