Platinum and palladium investing
What is the process of investing in palladium with Monex? Once you have decided on the type and quantity of palladium to purchase, your Monex account representative will assist you in executing your order over the phone, and your purchase and price will be confirmed on a recorded line after your acknowledgment.
A written confirmation will be sent to you with the details of your order. Payment must be initiated on the day of purchase, which means you must mail or wire funds on the day of your purchase. Upon payment verification, you have the power to decide if you want your physical metal shipped directly to your home, made available for pick-up at secure depository facilities located throughout the U.
What forms of payment does Monex accept? Domestic Bank Wires: Funds acceptable upon receipt. Foreign Bank Wires of U. Funds: Acceptable upon bank verification. Bank Cashier's checks and Personal Checks: Accepted with a 5 - 10 day hold period and bank verification.
Cash, credit cards, convenience checks, payment in foreign currency, ACH forms of payment, checks drawn on foreign banks, or cryptocurrencies are not accepted. How long does it take to receive my palladium? Almost every investment in physical metal is unique. For this reason, calculating shipping time for a unique palladium product has no single universal answer. Delivery of your metal is dependent on a large variety of factors including the quantity of metals, when your purchase is made, and more.
On average, physical metal will leave the shipping facility two to five days following confirmed reliable good funds. Once Monex has received payment and the funds are confirmed and considered reliable good funds, Monex will direct one of its independent shipping facilities to package and assign it to either USPS or UPS for delivery to you. You will then receive email or telephone notification of your shipment's tracking number. All shipments of palladium bars and coins are insured against loss or damage in transit.
How does the palladium sell-back process work? Selling your palladium bullion bars or coin investment back to Monex is a relatively easy process. When you are ready to sell your palladium , simply contact your Monex account representative for shipping instructions.
Shipments must then be sent by USPS registered and insured mail with a return receipt. Customers are responsible for fully insuring shipments, until received by Monex. Once the shipment is received and verified you will be notified. Proceeds of the sale will be sent to you in the form of a check or bank wire, or if you prefer, credited to your account.
Can I store my palladium investment through Monex? Monex can arrange for the secure storage of your palladium bullion or coin investments. How do I know the palladium products I get from Monex are authentic? Monex guarantees the authenticity and fineness of all its bullion bars and coins. The RCM takes great care in issuing its bullion coins with the latest security improvements.
Analysts and forecasters can and do get their predictions wrong. Their predictions should not be used as a substitute to your own research. Platinum or palladium: Which should you choose? Is platinum a good investment for your portfolio? The answer will depend on your risk tolerance as well as your investment timescale and portfolio composition. Is palladium a good investment? Similarly, your answer to the question will depend on your own investing circumstances.
If you are considering trading precious metals or other assets, we recommend that you always do your own due diligence. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any trading decision. And never invest money that you cannot afford to lose.
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For those who are looking at alternatives to investing in gold or oil, perhaps to help diversify the portfolio and take advantage of new opportunities for profits. In addition, both platinum and palladium are in short supply at this moment after enjoying a surplus in Today, rising costs in mining these precious metals has accelerated the price even further.
Given the volatility of the marketplace, there are plenty of opportunities for solid investment. Investing in Platinum Platinum is a metal that has always been in huge demand thanks its usefulness in auto manufacturing, electronics and the like. This is primarily because most of the mines in both countries have not expanded their output in recent years.
All of that said, palladium is much less dense than platinum, meaning there needs to be more to reach a similar value. Pros and Cons of Platinum Platinum, on the other hand, is a reasonably rare asset in comparison to palladium. However, it is significantly more common than palladium. This ease of access makes platinum a much more appealing asset to manufacturers and other parties who need either metal.
Similar to palladium, platinum is non-corrosive and valuable even in smaller densities. But platinum is expected to keep increasing in demand, which would likely raise its price a bit, assuming supply can keep up. Unfortunately, supply is limited in platinum no matter what. It is much easier to find than palladium, though. Keep in mind this volatility is much more manageable than palladium, which is ideal for platinum investors.
That said, platinum faces the same issue in palladium in that manufacturers are attempting to find an alternative source. If this happens, the price of platinum may plummet. Take note, though, that platinum is a much more popular metal for this application than palladium.
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