Palladium is the most expensive of the four major precious metals: gold, silver and platinum are the others. It is rarer than platinum and is used in large quantities for catalytic converters. In the short term, demand for metals used in catalytic converters is expected to remain stable, driven by rising car sales in Asia. However, the increase in the adoption of battery-powered electric vehicles — which do not use catalytic converters — could affect demand for palladium.
For those looking to diversify their investments, a Self Directed Gold IRA may be a good option to consider. The shiny white metal is a by-product of the processing and smelting of copper, gold and lead and zinc ores, and was later discovered by gold and copper in 4000 BC. C. However, given that the world invests in cryptocurrencies, stocks and online trading, it is still prudent to make a direct investment in precious metals, such as physical gold coins.