Discovered in 1803 by William Hyde Wollaston, palladium is not as well known as the other precious metals: gold, silver and platinum.
Palladium together with platinum and metals like iridium and osmium are known as platinum group metals (PGM).
As with platinum, palladium is extensively used in industrial applications such as in catalysts and also in many electrical appliances. More than half of the palladium mined each year is used in the production of catalytic converters for cars.
Unlike gold and silver, palladium does not have a history of monetary use.
Due to its rarity and industrial usefulness, investment demand for palladium is high. Furthermore, during periods of robust economic growth, demand for palladium strongly increases.
Since palladium is a tangible asset without counterparty risk, buying palladium is also a good way to protect your wealth against financial turmoil, unlike intangible paper assets, which are at risk of losing their value completely. Find out more about how to optimise your precious metals portfolio or browse our research section for more key information about palladium.
Competitive pricing and optimal security
At GoldMoney we offer inexpensive and transparent palladium prices. All the metal you buy with us is held in allocated storage and is 100% yours. Independent third parties regularly audit the vaults where we store your palladium to ensure the safekeeping of your metal. Moreover, the vaults in which your palladium is stored are fully insured. Find out more about GoldMoney’s benefits.