Reports say that palladium is hitting fever pitch. The global auto industry could slingshot palladium prices into the stratosphere as global mine production falters and government sales disappear. A new U.S. government proposal is to make palladium more accessible to investors. This may double investment demand, taking further supplies off an already tight market. This means your final opportunity to establish a well-positioned investment in palladium is rapidly approaching
The price failed to break $400 until 2008 when South Africa, another major Palladium producer, experienced a major power crisis. Numerous Palladium mines were closed for the first quarter of the year and the global market panicked; prices reached $600. By December of the same year it had fallen back to around $160 per ounce. An improvement in the global economic situation in 2009 saw the Palladium price almost double, it should be noted that Palladium is not a recession proof investment. Some 45% of demand is from the Automotive industries, and we all know that new car sales fall significantly during tough economic times.
One way of investing in palladium is to own the physical metal by buying some palladium coins. Small quantities of palladium coins can be purchased for as little as $50 or less. Buying palladium coins is a common investment approach for the small palladium investors. Two types of palladium coins are available for the palladium investor. They are palladium bullion coins and collectible palladium coins. Palladium investors looking to invest purely in palladium should buy palladium bullion coins instead of collectible palladium coins, which are more expensive as they carry numismatic value. @ tailor
