Is It Worth Investing in Palladium in 2021?
To diversify your investments means not to put all your eggs in one basket—so should there be any calamity with one portion of your eggs, you would still have other ones to turn to. Now apply the same method to precious metal exchange. Smart investors hedge their portfolios against uncertainty with diversified investments.
While gold and silver are the top two tangible assets that investors put their money on, palladium investing allows investors to tap into unprecedented investment opportunities. It’s different from the usual precious metal investment that already has an influx of investors and lowered potential profitability.
Palladium is the rarest precious metal globally and tends to be sold at a higher value than the mighty precious metal; gold. Palladium bullion has grown exponentially in value over the last few years and is now the most desired commodity in the world.
According to statistics, palladium prices saw a boost of a whopping 18.6% in 2021, leaving the rest of its metal family behind by a significant margin. 2020 was also when the prices of palladium and platinum were at a record difference, with the rarest metal in the world leading the race.
Palladium—Why Should You Invest
The COVID-19 pandemic caused a shortage in the supply of precious metals, resulting in increased demand worldwide. So if you’re wondering if 2021 is the best time for investing in precious metals—it absolutely is. We’ve listed some of the reasons to invest in palladium in 2021:
Environment Safety—Metal for the Future
Palladium metal is valued to be a sustainable element due to its eco-friendly qualities. It is tolerable for organic life as its traces are absorbed into the soil—lower than any other platinum-group metals.
Hot for Industrial Use
Palladium is a valued commodity in the industrial sector—automobiles in particular. This metal is used in the production of eco-friendly car exhausts. Environmentally safe hybrid vehicles use palladium to minimize the emission of harmful gases such as carbon dioxide.
Devaluation of US Dollar
Palladium—like gold and silver, is traded on the international market in the United States. This means that the devaluation of US dollars will increase the price of palladium as miners would stop mining.
2021 has seen the US dollar fall due to inflation. So, it’s a smart bet to invest in palladium today to hedge your chances against a declining dollar.
Invest in Palladium in Your Precious Metal IRA Account
Retirement investors have several benefits to gain from investing in palladium. It helps in diversification and provides resistance against volatility and sudden shocks of the market. You can buy palladium for tax advantages in your precious metals IRA account.
Orion Metal Exchange is a renowned precious metals investment dealer active in the business for 50 years. We’re a PCGS (Professional Coin Grading Service) Authorized Dealer, providing a transparent guideline for precious metal exchange.