Why Palladium May Be This Year's Gold
Precious metals are rare naturally occurring elements with a high economic value. Gold and silver derive their value from this historical use as coinage but others like palladium have the dual benefit of being rare and useful in commercial applications. Even better many of these applications are projected to rapidly grow resulting in higher demand. Auto Industry Drives Demand Global automobile demand is expected to continue rising by 6% in 2012 and 2013 which is higher than its 4% rise in 2011 according to Nomura analysts. While the US has experienced a strong rebound many emerging markets have also contributed ...
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