The Current Investment Viability of Platinum and Palladium
The following article is created by Orion Metal Exchange for the benefit of our investors and perspective investors alike. We seek to provide relevant content concerning precious metals and the impact caused by economic and geopolitical trends that will most likely impact your financial future. If you are interested in learning about precious metal investing, call 1-800-559-0088, for a FREE investor kit.
Palladium has recently reached an all-time high of $3,300 per ounce. Currently, palladium is trading at approximately $1,000 per ounce. An acquisition at current pricing in palladium could prove to be a profitable long-term play.
Platinum has reached an all-time high of $2,300 per ounce. Currently, platinum is trading at approximately $980 per ounce. Forecasts are calling for platinum to possibly triple or quadruple in value within the next 5-10 years.
A Current Overview of Platinum and palladium
Both platinum and palladium are extensively used in automotive catalytic converters. Compared to gold, platinum and palladium are rarer and are currently less than half the price of the yellow metal.
As for production, South Africa is responsible for more than 80 percent of platinum production, whereas palladium’s production plants are more diversified and located in multiple regions. For example, the US and Canada produce greater quantities of palladium than platinum.
Platinum coins are utilized to protect against inflation. Sovereign mints produce platinum coins designated as legal tender and accepted in barter worldwide. Platinum is also used in jewelry, glass, catalysts, chemical compounds, healthcare, catalytic performance, electronics, hydrogen fuel cell power. Platinum is considered a key component to the global push to green energy products. Based on the many different applications platinum is utilized in, it looks like demand will continue to be strong moving forward.
The main demand of palladium is applied to catalytic converters. Palladium is also used in dentistry, jewelry, aircraft spark plugs, watch making, blood sugar test strips, electrical connectors, and surgical instruments. Palladium is used to make professional transverse (concert or classical) flutes. Investors utilize Palladium coins as an investment to offset inflation.
Diversification in Platinum and Palladium
Platinum and palladium is extremely undervalued. Currently, platinum would need to double in value to reach its all-time high and palladium would need to triple in value to reach its all-time high. Platinum and palladium are 30 times rarer than gold and currently less than half the value of gold. The current market values combined with platinum and palladium’s supply deficits, which are expected to continue, point to a rise in values moving forward. Currently, Platinum and palladium are offered at a discount and investors should consider diversifying in these metals.
The following article is created by Orion Metal Exchange for the benefit of our investors and perspective investors alike. We seek to provide relevant content concerning precious metals and the impact caused by economic and geopolitical trends that will most likely impact on your financial future. If you are interested in learning about precious metal investing, call 1-800-559-0088, for a FREE investor kit.
Questions? We’ve Got Answers!
Are platinum and palladium good investments?
Platinum and palladium are expected to rise with inflation. Both metals would need to over double in value to reach their all-time highs.
Is palladium a good investment now?
Palladium is currently valued at $1,000 per ounce. Palladium has reached an all-time high of $3,300 per ounce.
What is the outlook for platinum?
Platinum is expected to rise in value due to supply deficits.
