I have been diversifying my precious metals holdings lately, as I believe that I have been paying too much attention to gold, and not enough to one of the lesser known precious metals – palladium. It is often difficult to find from coin dealers. My choice is to go through Northwest Territorial Mint because they have a selection of palladium rounds and bars, plus the world’s only palladium bullion coin, the Canadian Maple Leaf.
There are many reasons to be excited about palladium. In addition to benefiting from the overall rise in precious metals prices during the economic crisis, palladium is also in demand because of its rare properties that are necessary for the production of catalytic converters. In other parts of the world, like China and Brazil, auto sales are increasing at great numbers, and are more than likely to cause a steady demand for palladium into the future.