Investing in palladium is less common than investing in gold and silver. Palladium is available in just a few bar sizes from 1 ounce up to 500 grams, we also offer palladium coins such as the Canadian Maple Leaf when they are available.
Palladium is a rare and lustrous silvery-white metal discovered in 1803 by William Hyde Wollaston. Palladium, platinum, rhodium, ruthenium, iridium and osmium form a group of elements referred to as the platinum groupmetals (PGMs). PGMs have similar properties but palladium is the least dense and has the lowest melting point.
Over half of the supply of palladium and its congener platinum goes into catalytic converters, converting up to 90% of harmful gases from auto exhaust (hydrocarbons, carbon monoxide, and nitrogen dioxide) into less-harmful substances (nitrogen, carbon dioxide and water vapor). Palladium is also used in electronics, chemical applications, groundwater treatment, dentistry, medicine, hydrogen purification, and jewellery. Palladium plays a key role in the technology used for fuel cells, which combine hydrogen and oxygen to produce electricity, heat, and water.
Ore deposits of palladium and other PGMs are rare, and the most extensive deposits have been found in the norite belt of the Bushveld Igneous Complex covering the Transvaal Basin in South Africa, the Stillwater Complex in Montana, United States, the Thunder Bay District of Ontario, Canada, and the Norilsk Complex in Russia.
Recycling is also a source of palladium, mostly from scrapped catalytic converters. The numerous applications and limited supply sources of palladium result in the metal attracting considerable investment interest.
Whereas gold is primarily an investment metal, platinum has more uses in industry and is considered to be more of a typical commodity. It is palladium’s rarity that gives it value as an investment metal. Unlike gold, palladium is subject to VAT but Bleyer can offer off-shore storage of your bars to mitigate against this.
Tip: Did you know that your palladium purchase could be VAT free if you opt to store your bars in one of our offshore vaults? Bleyer is a leading provider of insured bullion storage, more information on our vaulting services can be found Here.
Latest from the Bullion Academy
We aim to make bullion investment accessible, no matter what your budget. Our guide pages have been designed to help you expand your knowledge of precious metal holdings and to empower you to get more out of your investments.