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Buy Palladium Bullion

Palladium bullion is the rarest of the precious metals classified by the International Organization of Standardization as a “currency unit” in its ISO 4217 codification.  While palladium has never been coined into circulating specie, it is globally recognized and traded as the supranational X-currency, XPD, along with gold (XAU), silver (XAG), and platinum (XPT).

Although it is the least recognized of the traded precious metals, its specialized applications are widely known.  Palladium bullion’s worth as an investment is greatly derived in part from its inert properties that are critical to the automotive, jewelry, chemical, dental and medical, and electronic industries.  Its high utilization within industry creates too big of a demand that the small supply of the ultra-rare noble metal cannot fulfill.

Buying palladium bullion allows investors to own this scarce precious metal.  Investors select the weight and brand from Goldmart’s listings of palladium bullion products that are compiled for investment diversification.

Palladium Bullion Purity

Palladium bullion was once minted with a purity of .999+ that was then an acceptable standard for investment-grade products.  Now, new palladium coins and bars are minted with a refined millesimal fineness of .9995, or 999.5 palladium parts per 1000 parts.  This purity can be stated as a percentage, 99.95%.

Palladium Bullion Style

Palladium bullion is minted and cast into new rectangular bars (ingots) of various sizes by private foundries.  Sovereign mints intermittently issue new round coins. However, back-dated palladium coins are available in secondary markets.  The premium cost per ounce is typically less for new palladium bars than for older palladium coins even though the purity is the same.    

Palladium Bullion Weight

The weight of palladium bullion ranges from affordable 1 gram (g) ingots to expensive 6 kilogram (kg) or 192.904 troy ounce (oz) London Platinum & Palladium Market (LPPM) Good Delivery Bars.  Some of the more popular sizes of newly minted palladium bullion are 1 oz palladium coins and 1 oz, 50 gram (g) or 1.6057 oz, 100 g or 3.215 ounces, 10 oz, and 1 kg or 32.15 oz palladium bars.  Larger sized palladium bullion, such as the 1 kg PAMP Suisse Palladium Bar, has a lower premium cost per ounce than smaller sized palladium bullion, such as the 1 oz Credit Suisse Palladium Bar, due to economies of scale.  However, smaller sized bullion provides greater ease when liquidating part or all of a position.

Palladium Bullion Brand

Only the largest private foundries with a global presence can continually produce palladium bullion profitably.  It is important to make sure that palladium bars are manufactured by a private mint that is ISO 9001:2008 certified, such as PAMP Suisse and Valcambi Suisse.  This coveted accreditation is an attestation to the audit of the mint’s quality management systems’ compliance with the statutory and regulatory requirements of the governing International Organization of Standardization.

Few, if any, sovereign mints will issue new palladium bullion in a given year.  The Royal Canadian Mint sporadically releases mintages of its 1 oz Canadian Palladium Maple Leaf Coin depending upon the supply of palladium bullion and investor enthusiasm.  The United States Mint was authorized under the American Eagle Palladium Bullion Coin Act of 2010 to produce a palladium bullion coin.  However, the lack of anticipated demand would result in a net cost to taxpayers.  Therefore, the issuance of a monetized palladium bullion coin with a legal tender of $25 has been postponed.

Palladium Bullion Prices

The price of physical palladium bullion is derived from two different values: the spot price of palladium and the premium cost of the bullion.

The spot price of palladium is the valuation of XPD in actively traded international commodity exchanges.  The market value is strongly influenced by the industrial demand for and the available supply of tangible palladium.

The premium of palladium is the amount charged above the spot price and includes manufacturing, storage, and distribution costs and any profit realized or to be realized by vendors.  The palladium bullion’s style, weight, and brand also affect the premium amount. The margin or spread of the premium to investors is comparatively larger for investment-grade palladium bullion than that for gold and platinum due to its relatively smaller demand.

Palladium Bullion IRA

Investors with an established self-directed precious metal IRA funded with either new contributions or from transferring or rolling over a prior individual retirement or 401(k) account can buy palladium bullion meeting IRS purity and mint requirements.  The palladium coins and bars must have a minimum millesimal fineness of .9995 fine or purity of 99.95% and must also be minted by either a private mint that is a COMEX/NYMEX approved refiner/assayer and ISO 9001:2008 certified or by a sovereign mint of a stable nation.