We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.

How do I Buy Palladium?

By Bobby R. Goldsmith
Updated Feb 02, 2024
Our promise to you
WiseGeek is dedicated to creating trustworthy, high-quality content that always prioritizes transparency, integrity, and inclusivity above all else. Our ensure that our content creation and review process includes rigorous fact-checking, evidence-based, and continual updates to ensure accuracy and reliability.

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

Editorial Standards

At WiseGeek, we are committed to creating content that you can trust. Our editorial process is designed to ensure that every piece of content we publish is accurate, reliable, and informative.

Our team of experienced writers and editors follows a strict set of guidelines to ensure the highest quality content. We conduct thorough research, fact-check all information, and rely on credible sources to back up our claims. Our content is reviewed by subject-matter experts to ensure accuracy and clarity.

We believe in transparency and maintain editorial independence from our advertisers. Our team does not receive direct compensation from advertisers, allowing us to create unbiased content that prioritizes your interests.

With the rising spot price in precious metals, many investors are investigating how to buy palladium, along with gold and silver. Buying palladium is a straightforward process, but one that requires the investor to undertake several preparatory steps. An investor needs to understand what palladium is — as an investment commodity — in relation to its bullion value. The investor must then find a precious metals dealer that trades in high end metals, while learning about the strike price, the spot price, exchange differentials and what percentage a dealer expects on transactions. An investor seeking to buy palladium is making an investment of time as well as wealth.

Palladium is a precious metal that possesses what investors call a bullion value. Unlike paper currency or stocks and bonds, items that possess a bullion value are said to carry an inherent value based upon the item's utility. For example, while a stock certificate is only worth the value of its listed shares multiplied by the price per share on the stock index, an ounce of palladium is useful as a metal as well as for its trade price. Precious metal investors store their wealth in bullion because, in a weak economy, potential buyers will remain interested. For investors who plan to buy palladium, there is an additional value in the high spot price per ounce, a feature that allows investors to consolidate a high amount of wealth into a compact amount of tangible metal.

The value of bullion rests in the industrial versatility of the metal. Palladium is an essential component in a variety of products, most notably in catalytic converters for automobiles, capacitors for top-grade electronic components, hydrogen cell technology, photography and jewelry. Its utility provides two methods for investors to buy palladium. There are a number of metal dealers across the globe, but due to the relatively high price point of palladium, only a fraction of those dealers trade in that particular metal. Generally, there is a market in some countries for second-hand palladium, but investors must be wary of this, for second-hand sources are much more difficult to verify.

Investors seeking to buy palladium must also understand how the strike price and the spot price of precious metals works. Precious metals are traded on several worldwide markets, and due to this activity, a general price per troy ounce is determined. That value is the spot price. The strike price is one of two things. It can be the price that a dealer or broker charges the investor, which is the spot price plus service, handling and other fees, or the price that a dealer will pay an individual selling the metal, usually a rate quite a bit lower than the spot price.

WiseGeek is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
Discussion Comments
WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.

WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.