• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
Dinks Finance

Dinks Finance

Personal Finance By and For Couples

  • Facebook
  • Pinterest
  • RSS
  • Twitter
  • Smart or Selfish
  • Couples Finance
  • Make Extra Money
  • Build Wealth
  • Blogroll
  • About

How to Invest in Palladium

August 24, 2021 by Melissa Batai Leave a Comment

How to Invest in Palladium

Those who want to invest in precious metals most commonly look to gold and silver. However, palladium is another, lesser-known option. Used in the car industry, specifically for catalytic convertors, palladium is a necessity for car production. Mined mainly in South Africa and Russia, and to a lesser extent in the United States and Canada, palladium can be a nice attribute to your portfolio.

Prospects for Palladium

Palladium has been gaining in value since 2016. As more and more countries tighten regulations on vehicle emissions, palladium is needed more. However, because supply for palladium lags, the price of this precious metal is expected to continue to climb.

How to Invest in Palladium

Palladium is a small market, so investors have limited choices. There are three main ways to invest in palladium.

ETFs

The first option is Exchange Traded Funds (ETFs). These are limited.

Aberdeen Standard Physical Palladium Shares ETF (PALL)

The Aberdeen Standard Physical Palladium Shares ETF seeks to “reflect the performance of the price of palladium, less the expense of the Trust’s operations.” At the time of this writing, this ETF is experiencing a downturn. However, since 2017, the fund has grown in value. This is especially true since 2019 when its value accelerated dramatically.

Sprott Physical Platinum and Palladium Trust (SPPP)

The Sprott Physical Platinum and Palladium Trust ETFs’ goal is to “provide a secure, convenient, and exchange-traded investment alternative for investors who want to hold physical platinum and palladium.” Currently, the Trust holds 47,771 ounces of platinum and 39,065 ounces of palladium.

Bullion

How to Invest in Palladium

Another way to invest in palladium is to buy physical pieces of it—coins and bars. If you want to invest in palladium bullion, make sure you first have a safe deposit box to store it. Keep in mind, bullion is the most cumbersome way to invest, but some investors prefer to have the metal in hand.

Stocks

The final way to invest in palladium is through stocks. When you invest in palladium stocks, you’re investing in the mines, most of which are overseas. However, there is one North American mining company you may want to consider.

Sibanye Stillwater (SBSW)

You can find operations for Sibanye Stillwater on multiple continents including North and South America and Africa. Their mine in the United States is located in Montana.

Other palladium mining stocks you may want to consider include:

Ivanhoe Mines (IVN)

Ivanhoe Mines is based in Vancouver, Canada. Their efforts include locations in the Democratic Republic of Congo and South Africa.

New Age Metals (NAM)

New Age Metals is another Vancouver, Canada-based company. They have projects in Northern Ontario as well as Southcentral Alaska.

Final Thoughts

Palladium is not as common or popular as other precious metals like gold and silver. However, if you want to diversify your holdings, it can be a nice option. If you were wondering how to invest in palladium, hopefully, one of the above three options will be the right choice for you.

Read More

Avoid Financial/Economic Pitfalls with a Gold IRA

Precious Metals

How Much Diversification Is Too Much Considering Stocks and Investments?

Melissa Batai

Melissa is a writer and virtual assistant. She earned her Master’s from Southern Illinois University, and her Bachelor’s in English from the University of Michigan. When she’s not working, you can find her reading a good book, cooking, or traveling. She resides in Arizona where she dislikes the summer heat but loves the natural beauty of the area.

Filed Under: Investments, Precious Metals, Stocks Tagged With: bullion, ETF, palladium, precious metals, stocks

Reader Interactions

Leave a Reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

 

 

Couples Finance

  • What Dave Ramsey’s Take On marriage Is Missing
  • Tips For Newly Married Couples
  • Getting Together, Getting Hitched
  • Prenup Basics
  • Manage Your Money Together

Great Finance Blogs

  • My Stock Market Basics
  • Cafe Credit
  • Clever Dude
  • Modest Money
  • Mighty Bargain Hunter
  • Frugal Rules
  • Young Adult Money
  • Money Talks News
  • Saving Advice
  • Peer Finance 101
  >> Our *entire* blogroll

Companies Supporting The DINKS

Please consider visiting our gracious supporters:

7binaryoptions.com: Your one stop information source for trading binary options.

Get the Latest Coupon and Discount Codes at Freecouponcodes.net.

The best cheap web traffic that comes in handy for your website traffic needs.

Shop till you drop and discounted offers with Shopee promo codes.

Compare business electricity prices at utilitysavingexpert.com

cheap shopping online at DHgate.com

Footer

Get Started

  • Make Money As An Amateur Photographer
  • The Pros and Cons Of Mutual Funds
  • Building Wealth On $600 A Month
  • Yes, You can Buy An Oil Well
  • Kimball Musk’s Net Worth
  • Nine Ways To Make Extra Money

Explore

  • Home
  • About Us
  • Contact Us
  • Facebook
  • Pinterest
  • RSS
  • Twitter

COPYRIGHT © 2020 Dual Income No Kids DinksFinance.com is a District Media site.