Palladium Futures: Palladium is a mild silver white metal that is extremely malleable, tarnish resistant and non-reactant to oxygen. It has an extremely low melting point that allows it to be easily molded, it increases in strength and hardness when cooled.
It’s non-degenerating and glittering appearance made it a sought after precious metal. Since it doesn’t react to oxygen and has a glittering appearance it has been used to produce jewelries.
It has also been used to produce catalytic converters for automobiles, whose function is to control the harmful emissions from a vehicle. The palladium helps to promote a chemical reaction that removes harmful component from exhaust gases.
Its unique properties make the demand high because any company producing an automobile needs to have a catalytic converter. The demand has made palladium one of the leading precious metals sought after in the globe.
Palladium Futures: Where Can Palladium be found?
Palladium is a free metal that exists alongside other platinum metals of the same group. Palladium is rare in nature and very difficult to find like gold. They are found in countries like Australia, Brazil, Russia, Ethiopia and major parts of North and South America.
It has been mistaken as an alloy but it is not so. It is a metal found in its pure state. The role and importance of palladium hasn’t been discovered by most people. If you are asked to give ten precious substances only about 10% of people asked will list palladium if not less.
Palladium Futures: How Precious Is Palladium?
A metal constantly recognized as an alloy over the years and a metal that is found alongside other platinum metals. These are reasons why the importance is downplayed while in the actual sense it is a distinct and precious metal.
It is used in production of jewelries, manufacturing processes, as an alloy and as a catalyst to reduce the emission of harmful wastes from automobiles. They are found majorly in automobiles or any system that uses fuel and produces toxic wastes.
It helps remove the harmful toxic wastes that could bring about health challenges to owners and prevent the environment from being polluted. It is used alongside other precious metals like gold, silver and platinum to produces beautiful jewelries and artifacts because of its glittering appearance and its indestructible characteristics. Most times white gold is a mixture of palladium and gold.
It is well regarded in jewelry making. The amount of automobiles produced everyday shows you the amount of palladium needed every year. Investing in the mining and manufacturing of palladium is a good idea because it hasn’t been discovered by most people.
The earlier you invest the better profit you get from it. Another important fact is that it can be recycled and it is gotten while recycling some substances like automotive, industrial, petroleum refining and palladium foil catalyst.
Palladium Futures: How Much Does Palladium Cost?
The price of Palladium is constantly increasing because of its value. It is currently more valuable than gold with an ounce costing about $2,500 while an ounce of gold costs about $1,861.80.
The margin is very much with a difference of $861.80. I bet if you are asked to mention three precious metals, you won’t fail to mention palladium. It is amazing how people haven’t known how important.
I am sure you are already making plans on how you will purchase some palladium, invest in a palladium mining company or probably sell some gold and get more palladium.
With the current global economic unbalance the price has been shooting up every day and this doesn’t stop the importance because the catalytic converter is so important in any system that uses fuel and promotes combustion. Be wise purchase some palladium today because you are supposed to invest yesterday.
How Do I Purchase Palladium?
It is very important to know about IRA’s to ensure you know how to invest in precious metals. If you own one as most employee’s already have one opened by the employer but there are different types of IRA’s. It is important you know the type of IRA you own. There are basically four types of IRA’s. They include Traditional, ROTH, SIMPLE and SEP IRA’s. In
Traditional IRA contributions to IRA’s are tax deductible depending on the tax payer income, tax filing status and other factors. It enables you to direct pre-tax income towards investment that can grow tax-deferred. The IRS assesses no dividend or capital gains income taxes until the beneficiary makes a withdrawal. Individual tax payers can contribute 100%.
Roth IRA is similar with difference being the way it is taxed. Roth IRA’s are funded with after tax dollars. Also the contributions are not tax-deductible so however, once you start withdrawing funds, the money is completely tax free. IRA’s are very important when your taxes will be higher when you retire.
Read More => Palladium IRA Rollover
The SIMPLE IRA is designed for small business and self- employed. It also follows the same taxation withdrawal rules just as a traditional IRA. The only difference is that it is for self- employed and small business owners and the amount of contributions. In SEP IRA, self-employed individuals, such as contractors, small business owners and freelancers have the ability to setup SEP IRA.
It follows the same taxation rules for withdrawals as a traditional IRA. The difference it has with SIMPLE IRA is the contributions and it can be opened for employees. Once you have your IRA, it is important. There are basically three ways to invest in palladium. They include:
- Palladium stocks: Investors could get access to palladium by investing in businesses focused in the mining and production of palladium. Palladium is produced mostly by countries with primary platinum mines. Business engaged in palladium activities that you can invest in include:
- North America Sibanye-Stillwater( NYSE:SBGL).
- North American Palladium( TSX:PDL, OTC Pink: PALDF).
- Grid Metals (TSX:GRDM) in Ontario.
- Ivanhoe Mines( TSX:IVN, OTCQX:IVPAF) in South Africa.
- New Age Metals ( TSXV:NAM, OTCQB:NMTFLF) IN Ontario.
- Wallbridge Mining (TSX-WM) in Ontario.
2. Palladium Bullions: Owning physical palladium such as bullions is another way of investing in palladium. Investors my buy palladium bullion bars, coins, or collectible bullion coins for portfolio growth. This approach suits investors willing to invest both in small and large amounts of palladium bullions.
3. Palladium Exchange Traded Funds (ETF’s): Palladium backed ETF’s track the palladium metal like an index fund, trading is similar to the way stocks are traded in the stock exchange markets. The major palladium ETF’s include:
- The Aberdeen Standard Physical Palladium Shares is designed to monitor the performance of the palladium minus expenses. It holds over 130,000 ounces of palladium in London owned by JP Morgan Chase& Co.
- The Sprott Physical Plantinum and Palladium Trust ETF: It was created to invest and contain all of its assets in physical palladium and platinum bullions. The trust holds about 39,065 ounces of palladium and 21,625 ounces of platinum. The portfolio is controlled by the Federal crown cooperation of the Canadian government.
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Summary on Palladium Futures
I am sure you have been enlightened about the importance of palladium. I am also sure you will mention palladium instead of gold when you are asked of the top 5 precious metals.
If you know how valuable it is, start investing immediately. The whole world doesn’t know the importance before they know, it is wise you start investing today.