Palladium Bars
Beyond Gold: New Ways to Invest in Precious Metals
Fund Observer
By Rob Silverblatt
Posted: January 13, 2010
Gold. Glenn Beck has sworn by it. So has radio personality Dennis Miller. Even Fred Thompson, in a way that only a U.S. senator turned Law & Order district attorney could, has stepped up to bat for it. And if you're an investor, chances are somebody you know has told you recently to buy it.
Despite what the potency of the modern "gold rush" might suggest, America's favorite precious metal is hardly the only one out there. On Friday, ETF Securities launched two physically backed exchange-traded funds: one for investing in platinum and the other for palladium. The company offers similar products in Europe, but Physical Platinum Shares and Physical Palladium Shares are the first of their kind in the United States.
Both platinum and palladium are rare precious metals. Their many uses range from jewelry to catalytic converters for cars (to make emissions less toxic). And like gold, their prices have been soaring. Here are a few things to know about the two new ETFs:
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I really wanted to get into palladium when it was like 200 an ounce. Idiot me!
ReplyDeleteInformative site job
ReplyDeletePalladium was definitely asleep for a little while and has been slowly creeping up. Wiki, im guessing your were saying something along the lines of informative good job??? if so, thank you
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