Palladium is another precious metal that many investors wrongfully overlook, just like platinum. The industrial demand for palladium is however just as high as for platinum due to its many uses. In some industries, platinum and palladium can be used interchangeably. The automotive industry is still responsible for the largest share of the total palladium demand. The spot price of palladium used to be much higher in the past so it is fair to say that palladium is also seriously undervalued right now. In any case, the current worldwide palladium demand exceeds the annual palladium mining output by a considerable amount at this point. Once existing palladium stockpiles are depleted, you can expect a considerable value/price increase. Unfortunately, the choice of different palladium bullion products is really quite limited at this point. This page gives a short overview of the different choices you have when investing in palladium.
Palladium Bullion can be bought in the form of palladium coins and palladium bars. For most precious metals, there is a greater choice of different coins than bars but that is not the case for palladium. Only two different palladium bullion coins exist on the market and both of them are not minted regularly. The Chinese Palladium Pandas even haven't been minted since 2005! Luckily, the choice of different palladium bullion bars is far greater. Both PAMP Suisse and Valcambi Suisse produce cast and minted palladium bullion bars of 99.95% purity in many different sizes. Most palladium bars are quite plain in their design but PAMP Suisse's bars bear the popular "Lady Fortuna" design that is also found on its other precious metal bars out of gold, silver and platinum.
After choosing between the two types of palladium bullion below, you will come to a page with further information that allows you to select specific palladium bullion products that you want to learn more about. These product pages will not only give you all relevant information about the product but also allow you to compare current prices and directly buy the palladium coins or bars of your choice from respected palladium dealers online.
As far as palladium bullion coins are concerned, one mint dominates the market. The Royal Canadian Mint is unfortunately the only minting institution in the world that still issues palladium coins somewhat regularly with its Canadian Palladium Maple Leafs. The brilliant uncirculated coins are 99.95% pure just like palladium bars. Only one denomination of 1 oz is offered at this point. Smaller 1/2 oz palladium coins were minted by the China Mint in the past, most recently in 2005. The various limited issues of Chinese Palladium Pandas are rarely traded online these days. Since all Chinese Panda coins are popular with collectors, expect to pay a collectability premium if you do find Chinese Palladium Panda coins listed for sale. Once the palladium spot price (to which the price of the coins is tied) starts to rise significantly, you can expect more minting institutions to issue palladium bullion coins regularly. Not a single minting institution has proclaimed plans to do so at this point though, so it could take a while before the choice of different palladium coins starts to increase.
Click here or on the headline above to learn more about the two types of palladium bullion coins that still exist today.
Palladium Bullion Bars are of the same 99.95% purity as the coins mentioned above. Just like for any type of precious metal, buying bullion bars is generally the cheaper alternative if you plan to buy larger amounts of the metal. That is because of the lower manufacturing costs of bars compared with coins. What's more, the choice of different palladium bullion bars far exceeds the choice between different coins. Palladium bars generally look quite plain in appearance. Only PAMP Suisse creates bars with a design on the frontal side with its "Lady Fortuna" palladium bars. Fewer government and private mints worldwide produce palladium bars than bars of other precious metals. The 1 oz bar size is certainly the most common but PAMP Suisse also produces small gram-sized bars. The largest palladium bars that are commonly available for purchase are 1 kg bars. Most offered palladium bars are minted (produced like coins) but a limited selection of cast bars is also produced by most refiners. This section lists the various palladium bar products of the major private producers PAMP Suisse, Valcambi Suisse and Credit Suisse. Additional producers will be added to the page within the near future.
Click here or on the headline above to learn more and see the list of palladium bar manufacturers.