Is It Time to Invest in Palladium?
Palladium is one rare precious metal that’s been garnering investors’ attention recently. Even though palladium has small investor demand, its price has increased over the past few years. Palladium’s value rose by 18% in 2020. Currently, the price gap between palladium and platinum is at an all-time high.
From portfolio growth to its diversification, there are various reasons to invest in palladium. However, investors are starting to gain interest in this metal because of its current economic context.
Since the price of this rare metal is increasing, now is the best time to invest in palladium! Don’t just take our word for it though. Read on to learn the top reasons why investing in palladium is essential in 2022.
What is Palladium?
Palladium is the most valuable precious metal in this world. Its rare chemical properties make it unique for industrial use. Some of its characteristics are:
- Low toxicity
- Low density
- It doesn’t react with oxygen
- Extremely high melting point
Why Is Palladium So Valuable?
Since 2012, the prices of palladium have skyrocketed. The chemical properties of this metal are used to control the pollution from motor vehicles, causing it to increase in demand. Industries that wish to reduce their carbon footprints use palladium in their manufacturing processes. According to a report, palladium supply might fall short due to the disrupted mining operations caused by the pandemic.
1. Environmental Use
Palladium portrays environmental-friendly qualities, which promises its long-term value. A trace amount of this rare metal found in the soil is enough for organic life to survive. Also, gasoline-fueled cars use palladium to limit carbon dioxide exhaustion in the air.
2. Geopolitical Uncertainty
Almost all palladium comes from mines in Russia and South Africa. Since both nations have issues of corruption, rule of law, and market protectionism, there’s a high chance they would be cut off from the global trade network. When that happens, it would be impossible to invest in palladium. Therefore, now would be a suitable time to buy palladium coins online.
3. Dipping U.S. Dollar
The price of palladium will continue to rise if the dollar continues to dip. Suppliers would stop mining this metal. To hedge against potential inflation, it is advised to invest in palladium today!
To buy this precious metal online today, reach out to Orion Metals Exchange. We can help you invest in palladium coins as a part of your retirement plan. Contact us today to open an IRA account and get distributions faster than the industry standards.