Don’t Forget to Add Palladium to Your Precious Metals Portfolio
Gold gets the shine, but are we forgetting Palladium? “While many investors are focused on gold, palladium has been far and away the best performing precious metal of the past several years.” ~ according to Ivanhoe Mines’ co-chairman Robert Friedland. A strong upward appreciation in price has been witnessed since 2016. Palladium prices have doubled since August last year and even 8-fold increased since 2008. Since beginning of this year palladium increased by 39.07% (US$ 493.90 an ounce). An all-time high was reached last week on 17th October when palladium hit US$ 1.783,21. Since then the price has remained in the range of US$ 1.750.
Chart 1: Current trading range.
Chart 2: Price development since 2006
Palladium has surpassed the psychological resistance levels of US$ 1.700 and US$ 1.750. If the price remains around this level, then accordingly we may well be looking at prices nearing or going above US$1.900. This is also in accordance with the unofficial average price predictions of the four major precious metals for the year ahead, 2020, following the LBMA/LLPM meeting held in Shenzhen, China ending 13th October:
GOLD US$ 1.658
SILVER US$ 23
PLATINUM US$ 1.182
PALLADIUM US$ 1.924
Delegates were certainly bullish on gold but even more so on silver and platinum which are both forecast to rise over 30%. Palladium and gold are forecasted to go up around 10% and 11% respectively.
For a diverse precious metals portfolio, it is recommended to add the key precious metals, namely gold and silver, according to industry experts and then palladium and/or platinum. It is advisable to not only concentrate on one precious metal in one’s investment / precious metals portfolio.
Robert Kiyosaki, author of “Rich Dad Poor Dad” discusses his strategy on making money and the importance of gold and silver for him.
The safest way to invest in precious metals is ultimately to go physical and outside the banking system, as is the case with Liemeta ME Ltd:
Why LIEMETA ME Ltd?
LIEMETA ME Ltd, Nicosia, Cyprus, provides physical storage of precious metals at its prime location in Liechtenstein as well as trade services of precious metals, mainly gold, silver, platinum and palladium.
Your precious metals are safely and securely stored “segregated and allocated” and we are one of the few physical storage houses for precious metals that provide full-cover insurance, including embezzlement.
Stored assets are fully legally owned by the client, client assets are of course not on our companies’ balance sheets.
LIEMETA is a privately owned, independent and non-bank company, meaning that its services do not fall within the scope of CRS or AEOI.
LIEMETA provides 100% discretion, 24/7 access to clients’ stored assets at its sophisticated unit and high-security building.
LIEMETA is proud to be chosen by high net-worth individuals as their trustworthy custodian, in Liechtenstein.
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This information is provided solely for general information and educational purposes. It is not, and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell.
