In our last blog we discussed whether gold is a safe haven for investors. Because inflation is increasing noticeably, many people are looking for solid investments that will keep their value over time if the dollar loses more of its value or there is more stock market volatility. One of these investments is precious metals. Gold and silver coins are traditional choices, but there are others, like platinum and palladium, that are newer and rarer. In this blog we will talk about palladium and the reasons people choose to purchase palladium coins and bullion.
Palladium: a New Discovery
Gold has been mined and used as a precious metal for the full length of human history, and silver as well. Palladium, however, was only discovered in 1803. Over time this metal has become more valuable because of its uses in science and technology. It’s both malleable and durable. For its desirable chemical properties, it’s used to make jewelry, electronics, and dental crowns and fillings. It’s also in high demand by the automotive industry which uses it to make catalytic converters.