palladium

Most Americans want to retire with a secure nest egg (IRA) full of conservative investments with a track record of appreciation. Precious metals (Gold, Silver, Platinum, and Palladium) have historically appreciated faster than traditional investments including Savings Accounts, CD’s, Bonds, Mutual Funds, the Stock Market, and Real Estate just to name a few. That said, there is an easy way to take your existing retirement account and invest it in Precious Metals with a Self-Direct Precious Metals IRA . . . .

Palladium has a unique history. It is one of the only precious metals not initially used in jewelry… but medicine.  Discovered in 1803 by British chemist and metallurgist, William Hyde Wollaston, who named Palladium after the asteroid Pallas that had been discovered two years earlier. Wollaston mixed Palladium with other chemical compounds and used it as a treatment for tuberculosis.  It did have some negative side effects and was later replaced.  But since it’s a sister metal to Platinum, manufactures quickly found use for it beyond medicine.

Palladium is now used in computers, mobile phones, LCD televisions, surgical instruments, aircraft spark plugs, chemicals, dentistry and electrical contacts. Palladium is very similar to Platinum in appearance and industrial uses. The main difference between the two is price – Palladium is less expensive due to lower demand. Palladium does not tarnish or deteriorate with exposure to air, so automotive companies around the globe have used this precious metal in catalytic convertors.