Palladium is not the 'poor relation' of the precious metals market.
(1888PressRelease) June 15, 2011 - MIAMI, FL - While gold and silver continue to dominate the headlines, palladium is quietly, but assuredly, rebounding. The platinum group metals enjoy consistent demand from the automotive industry and, as BMW increases demand for palladium and Japan's automotive industry recovers from the devastation of March's earthquake and tsunami, this market remains high. The auto industry itself is bouncing back as car sales climb globally; palladium is used for catalysts to produce 'greener' clean burning engines that offer lower levels of pollution.
BMW, in particular, ensures considerable demand for the precious metal. Simultaneously, supplies are shrinking, creating the perfect scenario for a significant rise in price. Market analysts predict a shortfall of well over a million ounces this year, from automotive demand alone.
Palladium is a rare and lustrous silvery-white metal that is in demand in the jewelry industry as an alternative to platinum or white gold, while also being extensively used in electronics, dentistry and medicine. It is less dense than platinum and has the lowest melting point of the platinum group metals. Predictions are that palladium can reach up to 25% higher than its current price this year. June 14 showed palladium at $795 US dollars an ounce.
"Palladium has often been overlooked by investors, but is performing very encouragingly at the moment," says Bill Hionas of Pan American Metals of Miami (PAMM). "Demand is outstripping supply and prices are predicted to hit all-time highs."
PAMM trades in palladium, in addition to gold, silver and platinum. Its team of seasoned brokers can assist investors in both fully-funded and leveraged positions. Opening an account with PAMM is quick and straightforward.
"Our clients are very happy with their portfolios right now," says Debbie Bailey, executive administrator with PAMM. "Prudent investors are amassing precious metals."
About us:
Pan American Metals of Miami, LLC is a group of traders, investors and brokers who combine many years of experience to help clients invest in bullion. PAMM provides an individual investment service and is based in Miami, Florida for convenient access to both North and South American investors.
Palladium is not the 'poor relation' of the precious metals market. 
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