Palladium as an investment
- Palladium as an investment
Like other precious metals, palladium may be used as an investment. Palladium price peaked near US$1,100 per troy ounce in January 2001 (approximately US$1300 in 2007) driven mainly on speculation of the catalytic converter demand from in the automobile industry. It subsequently fell to US$145 per oz t in April, 2003. As of July 2008, palladium prices are approximately US$381 per oz t. [http://bullion.nwtmint.com/index.php Current palladium spot price.]
Recent years' palladium surplus condition was caused by the Russian government selling off government stockpiles built up during the Soviet Era, at a pace of about 1.6 to 2 million ounces a year. The amount and status of this stockpile is kept as a state secret.
Exchange-traded funds
ETFS Physical Palladium (lse2|PHPD) is backed by allocated palladium bullion and was the world's first palladium ETF. Listed on LSE, Xetra, Euronext and Milan.
Bullion coins and bars
A traditional way of investing in palladium is buying bullion coins and bars made of palladium. Available palladium coins include the Canadian Maple Leaf and the Chinese Panda. The liquidity of direct palladium bullion investment is not as good as gold and silver due to low circulation of palladium coins and wider spread between buying and selling price.Fact|date=August 2007
ee also
* Diamonds as an investment
* Gold as an investment
* Silver as an investment
* Platinum as an investment
* Precious metal
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