Investing in 2013: Why You Can’t Ignore Palladium
Posted on February 06, 2013 at 15:35 PM EST
Anyone who looks at precious metals when investing in 2013 will likely turn to gold and silver, maybe even platinum. But there is another precious metal that is often overlooked, and should not be: palladium. Palladium is mainly used in catalytic converters on gasoline-powered vehicles to limit the pollution these vehicles emit, just as its sister metal, platinum, is used in a similar fashion for diesel-powered vehicles. Palladium recently touched a 16-month high of over $750 an ounce, up more than 25% since November. And right now it's offering investors a huge profit opportunity as its price climbs. To continue reading, please click here...