David H. Smith
A precious metal which has over 80% of its annual production coming from just two countries? Considerably rarer than its cousin, platinum – known by the Spanish Conquistadors as “little silver” - yet sells for a bit more than half as much? Like silver, a “two-doors” metal with both vital industrial applications and increasing investor interest? And like these metals, it can be bought and sold by investors in the form of bullion coins and ingots? That metal is palladium.
Its better known relative, platinum, also suffers from a supply-demand imbalance, which over the next few years should take its price much higher. However, palladium, which now trades at $600 per ounce less, yet can be substituted for most of the roles platinum fills, is in the eyes of this writer an investment option with even more lucrative potential.
Canadian Palladium Maple Leaf (dgse.com)
Most of the world’s Palladium