Palladium Bullion
A somewhat lesser known metal in the U.S.A. is Palladium bullion. This metal is used by the Canadian government to mint their currency. One of Canada's Palladium coins is the Canadian Maple Leaf. The minting of Canadian money is not the only use for Palladium bullion. There are many uses for this metal all over the world, and as the need for this metal rises, its value rises as well. If the value rises too much, the Canadian government may use another precious metal such as Platinum for minting, if it too is not to costly.
Palladium bullion has many uses in the jewelry making industry, not only in this country, but also in China. The metal is prized for its very white-like shiny quality which tarnishes less than silver. Palladium(Pd)is also used in the electronics industry as well as in the auto industry. For electronics, its use is in the manufacture of flat screen televisions because it is a highly conductive material, and in the auto industry for making catalytic converters. The Ford Motor Company even went so far as to stockpile this metal for use in its catalytic converters. When the metal became scarce, they lost billions of dollars and had to find a substitute metal for use in their product. Other uses are found for this metal in the chemical industry, fibers industry, and oil refining and water purification and even in the medical industry for cancer research purposes. A most recent research discovery was in the use of Palladium in constructing earthquake-proof structures. Palladium has also been used in the dental industry in various applications.
Where does Palladium bullion come from? Palladium is mined mainly in South Africa and in Russia, but some is mined in North America as well. This metal is refined to purity like any other precious metal and formed into ingots and Palladium coins for sale on the market. The Swiss have been making Pd ingots for many years, and they are marked with "Credit Suisse". The Spanish were the first ever to use metals containing Pd to strike counterfeit coins, but later it was used for currency in Australia, the South Pacific, China and Russia.
The price of Palladium can sometimes be very volatile, depending on its availability for use in manufacturing and other industries. Therefore, if the price is too high, a closely related metal, Platinum, may sometimes be substituted instead. In the early 2000's, Palladium bullion reached a price of $1,100 per ounce! It slowly came back down to about $200 per ounce in 2005. Just as investors understand how precious various metals can be, God considers the faith of the believer more precious than gold! In 1 Peter chapter 1, verse 7 says "...that the genuineness of your faith, being much more precious than gold that perishes, though it is tested by fire, may be found to praise, honor, and glory at the revelation of Jesus Christ".
Investors buy Pd on the futures markets, in order to reduce their investment risk, and ensure they can lock in a price that is favorable for them. If the investor is good at estimating prices of this metal, this may be a good way to ensure money is made. Since the supply of the metal is not always reliable, companies may panic when supplies are not available. Russia has sometimes used this information to drive up prices just like the Middle East uses its control of oil supplies to control oil prices throughout the world. Also, if mining is interrupted for some reason, this could also serve to make prices fluctuate, and keep companies scrambling to find the metal elsewhere on short notice.
Palladium coins can be found everywhere for the coin collector who is determined to find that perfect specimen. Hundreds of coin collecting sites are available that buy and sell coins of this metal in varying grades and denominations. One must be very familiar with the value of this metal and how coin grading is carried out before making that jump from looking to buying. If the collector is determined to buy however, care must be taken to ensure that the coin has been certified by the mint as genuine, for there are many counterfeits out there that would love to take advantage of uninformed buyers. As a note, these coins are called "rounds" if they are not issued by the government. If the currency is government issued, then the pieces are referred to as coinage. There is a minting company in Montana that issues Pd rounds, the most recent of which depicts Lewis and Clarke, and is of interest to collectors in most places. The metal creates a very beautiful coin that is very shiny and desirable. There are many more different varieties of coins from several different countries that have become available within the last two decades which are of interest to collectors. Most Palladium coins can be purchased in minimum quantities of 5 Troy ounces, the price of which is based on the current spot price, or going market price. These rounds are shipped encased in plastic cards which show both sides of the round for easy viewing, and are marked according to its serial number.
It is interesting that governments around the world are beginning to utilize Pd to make currency, because the metal is really quite scarce compared to the availability of silver, gold and platinum. It is the most economical choice compared to gold and Platinum, but because of it's volatility, as discussed earlier, one would think that minting currency from this metal would be too much of a risk. There are only about 70 million pounds of Pd mined each year, compared to 440 million pounds of gold. Perhaps the use of Pd in coinage will serve to ensure the value of this metal keeps increasing year after year. This will also service to reduce the amounts available for industrial purposes, causing even more volatility.
Palladium bullion has many uses in the jewelry making industry, not only in this country, but also in China. The metal is prized for its very white-like shiny quality which tarnishes less than silver. Palladium(Pd)is also used in the electronics industry as well as in the auto industry. For electronics, its use is in the manufacture of flat screen televisions because it is a highly conductive material, and in the auto industry for making catalytic converters. The Ford Motor Company even went so far as to stockpile this metal for use in its catalytic converters. When the metal became scarce, they lost billions of dollars and had to find a substitute metal for use in their product. Other uses are found for this metal in the chemical industry, fibers industry, and oil refining and water purification and even in the medical industry for cancer research purposes. A most recent research discovery was in the use of Palladium in constructing earthquake-proof structures. Palladium has also been used in the dental industry in various applications.
Where does Palladium bullion come from? Palladium is mined mainly in South Africa and in Russia, but some is mined in North America as well. This metal is refined to purity like any other precious metal and formed into ingots and Palladium coins for sale on the market. The Swiss have been making Pd ingots for many years, and they are marked with "Credit Suisse". The Spanish were the first ever to use metals containing Pd to strike counterfeit coins, but later it was used for currency in Australia, the South Pacific, China and Russia.
The price of Palladium can sometimes be very volatile, depending on its availability for use in manufacturing and other industries. Therefore, if the price is too high, a closely related metal, Platinum, may sometimes be substituted instead. In the early 2000's, Palladium bullion reached a price of $1,100 per ounce! It slowly came back down to about $200 per ounce in 2005. Just as investors understand how precious various metals can be, God considers the faith of the believer more precious than gold! In 1 Peter chapter 1, verse 7 says "...that the genuineness of your faith, being much more precious than gold that perishes, though it is tested by fire, may be found to praise, honor, and glory at the revelation of Jesus Christ".
Investors buy Pd on the futures markets, in order to reduce their investment risk, and ensure they can lock in a price that is favorable for them. If the investor is good at estimating prices of this metal, this may be a good way to ensure money is made. Since the supply of the metal is not always reliable, companies may panic when supplies are not available. Russia has sometimes used this information to drive up prices just like the Middle East uses its control of oil supplies to control oil prices throughout the world. Also, if mining is interrupted for some reason, this could also serve to make prices fluctuate, and keep companies scrambling to find the metal elsewhere on short notice.
Palladium coins can be found everywhere for the coin collector who is determined to find that perfect specimen. Hundreds of coin collecting sites are available that buy and sell coins of this metal in varying grades and denominations. One must be very familiar with the value of this metal and how coin grading is carried out before making that jump from looking to buying. If the collector is determined to buy however, care must be taken to ensure that the coin has been certified by the mint as genuine, for there are many counterfeits out there that would love to take advantage of uninformed buyers. As a note, these coins are called "rounds" if they are not issued by the government. If the currency is government issued, then the pieces are referred to as coinage. There is a minting company in Montana that issues Pd rounds, the most recent of which depicts Lewis and Clarke, and is of interest to collectors in most places. The metal creates a very beautiful coin that is very shiny and desirable. There are many more different varieties of coins from several different countries that have become available within the last two decades which are of interest to collectors. Most Palladium coins can be purchased in minimum quantities of 5 Troy ounces, the price of which is based on the current spot price, or going market price. These rounds are shipped encased in plastic cards which show both sides of the round for easy viewing, and are marked according to its serial number.
It is interesting that governments around the world are beginning to utilize Pd to make currency, because the metal is really quite scarce compared to the availability of silver, gold and platinum. It is the most economical choice compared to gold and Platinum, but because of it's volatility, as discussed earlier, one would think that minting currency from this metal would be too much of a risk. There are only about 70 million pounds of Pd mined each year, compared to 440 million pounds of gold. Perhaps the use of Pd in coinage will serve to ensure the value of this metal keeps increasing year after year. This will also service to reduce the amounts available for industrial purposes, causing even more volatility.
Palladium Bullion
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