Chapter 17
Weighing Investments in Heavy and Not-So-Heavy Metals
IN THIS CHAPTER
Sizing up the palladium market
Examining investments in zinc
Developing an investment strategy for nickel
In this chapter, I go over a diverse group of metals: palladium, a precious metal, and two industrial metals, zinc and nickel. These metals are important components of the metals complex in their own right: palladium because of its precious metal status and as a part of the platinum group of metals (PGM), and nickel and zinc for their wide use in industry. These metals may not get much attention from the financial press, but you still need to consider including them in your portfolio because they’re essential building blocks of the global economy. I outline the market characteristics of each of these metals so that you can determine whether they’re right for you.
Palladium: Metal for the New Millennium
Palladium, which belongs to the platinum group of metals (PGM), is a popular alternative to platinum in the automotive industry and the jewelry industry. Its largest use comes into play in the creation of pollution-reducing catalytic converters. Palladium’s malleability and resistance to corrosion ...
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