Is Palladium Worth Investing in?
With notable stock markets such as the Dow Jones Industrial Average performing poorly, investors worried about the economy are looking for ways to hedge inflation and diversify their investments. One investment metal that doesn’t get the popularity it deserves is palladium.
Learn why it needs to be on your investment radar and how you can start adding high-quality palladium to your portfolio today.
Palladium is a very rare metal that is mined in a handful of countries such as Russia and South Africa. When Russia invaded Ukraine, the country was hit with sanctions that made it very difficult for it to export the precious metal to other countries. The massive drop in global supply caused the price of palladium to cross the $ 3,000 per ounce mark back in March of 2022.
The extraordinary jump in prices made it one of the most high-performing metals of the year and helped a lot of sharp investors achieve financial freedom for good. If you feel like you have missed out on the opportunity and it’s too late to add palladium into your portfolio, think again. Leading economists predict the price of the precious metal to keep rising in the next few years
Strong Industrial Demand
The silvery-white material is highly durable and doesn’t corrode easily. This has led to strong industrial demand to produce sophisticated jewelry, dental fillings, and components in the electronics industry. Automobile manufacturers use it to build catalytic converters that help them comply with government regulations and ensure their cars produce less emissions. The catalysts are also used in propylene oxide plants that help make polyurethane.
Palladium is a key raw material that helps companies build fuel cells that are vital for the next wave of electric vehicles coming on the road. Furthermore, China is importing palladium to make catalysts in a bid to upgrade its industrial infrastructure and reduce its carbon footprint.
Invest in Palladium Today
On the lookout for a precious metals investment dealer that has your best interests at heart? At Orion Metal Exchange, our team helps people venturing into the world of precious metal so that they can achieve their financial goals faster.
We provide high-quality precious metals such as gold, silver, palladium, platinum bullion, and coins that are mined ethically from across the globe. We help investors diversify their assets and protect their value from inflation. We also provide help with precious metal storage companies and precious metals IRA consulting. Learn about our services by visiting our website.
Reach out to us today by emailing us at email@example.com.