Palladium is another commodity with a “split personality.” With numerous electronic and automotive applications, it is widely used as an industrial metal; but it is also a precious metal as many countries, including the U.S., mint palladium bullion coins.

Compared to the other precious metals, palladium is a relatively thinly-traded commodity and as such, is typically prone to wide and volatile price swings.  Plus, since about 60% of the world’s supply of palladium comes from Russia, export licenses are sometimes delayed by government officials there in an attempt to influence global prices. But with such volatility comes profit opportunity as well as risk. The Madison Precious Metals, Inc.Matrix Account provides customers an open-ended, limited-risk trading vehicle that can provide up to 5:1 leverage to help maximize profits.

Madison Precious Metals, Inc. offers palladium in 10-ounce bullion bars and routinely maintains a two-way market throughout an 7 1/2-hour trading day, 9:00am – 4:30pm (EST), Monday thru Friday.

52-week high:   $600.00 on March 4, 2008
52-week low: $168.00 on October 23, 2008

FACT SHEET:

• The metal was named after the asteroid Pallas which was discovered at about the same time. It was recognized as an element by Wollaston in 1803. It is found in placer deposits in the USSR, South and North America, Ethiopia and Australia. It is also found in sulphide inclusions in rocks in South Africa and elsewhere.
• It is a steel white metal, does not tarnish in air and has the lowest density and melting point of the platinum group metals. When annealed it is soft and ductile.
• Its alloys are used in the jewelry trade. White gold is often produced by addition of palladium. Like gold, palladium can be beaten into leaf as thin as 1/250,000 in. The metal and its alloys are used in dentistry, watchmaking, in making surgical instruments, and in electrical contacts.