Palladium is a chemical element with the atomic number 46 and the symbol Pd. It is a rare shiny silver metal, used in manufacturing, electronics, catalytic converters, alternative energy and dental implants.
Palladium was discovered on 1803 by William Hyde Wollaston. It belongs to the group of metals referred to as the platinum group of metals. It is one of the four precious metals.
Palladium is 30 times more rare than gold. This rarity affects its price on commodity markets. Right now palladium deposits have been found in Russia, South Africa and North America.
In 2015 more than 208.000 tons of of the metal were mined. Russia was first with 80.000 tons and South Africa was second with 73.000 tons.
Although a decision to buy palladium coins could be very speculative, it may also turn out to be a very profitable investment for those who accumulate it in physical form. It is always a good idea for precious metal investors to diversify their portfolio into palladium.