Is Palladium More Valuable Than Gold?

Gold has many uses and is thought to be the standard for precious metals, trading at $1,654 per ounce. Most investors overlook Palladium, which is even more valuable at $1,954 per ounce, respectively.

Here’s why Palladium is more valuable than gold:

 

  • Key part for emission reducing autos. 

 

Palladium is used to reduce CO2 emissions and is part of catalytic converters in car exhausts. Car exhausts turn toxic pollutants into less-harmful chemicals like water vapor. 

 

  • Pent-up demand in the auto sector.

 

Since last year, there have been supply chain bottlenecks which will fuel strong demand for PGM (Platinum Group Metals) for rich catalytic converters per ANZ analysts.

Start Investing In Palladium Via A Precious Metals IRA And Get Other FREE Perks!

All types of investors can benefit from palladium exposure. A self directed IRA can facilitate this and can be used to trade various palladium investments, while retaining key protections and tax benefits. Football legend Joe Montana and former tv personality Bill O'Reilly both have these accounts.

Joe likes Augusta Precious Metals, which makes it easy to set up one of these accounts in just 15 minutes.

Bill recommends American Hartford Gold, which offers a 100% FREE IRA rollover. This offer also includes FREE storage, maintenance and insurance for 3 years.

Market News and Data brought to you by Benzinga APIs
Posted In: CommoditiesMarketsPartner Content
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...