Summary
This prediction ended on 10.02.21 with a price of €1,920.2. The BUY prediction by CarpeDiem finished with a performance of 7.97%. CarpeDiem has 50% into this predictionPalladium is a rare and valuable precious metal that is primarily used in catalytic converters for automobiles. It is also used in electronics, dentistry, and jewelry. As an investment, palladium is known for its potential to provide high returns, as well as protection against inflation and market volatility.
The demand for palladium has been steadily increasing due to the growing demand for automobiles in emerging economies like China and India. As a result, the price of palladium has also been on the rise, with many investors seeing it as a promising commodity to invest in. The supply of palladium is limited, which has also contributed to its high value.
One of the ways to invest in palladium is through physical ownership of the metal, such as coins or bullion. Investors can also invest in palladium futures contracts or exchange-traded funds (ETFs) that track the performance of palladium prices.
In terms of speculative opportunities, investors can use technical analysis to predict future price movements and potentially profit from short-term price swings. However, speculation carries higher risks and is more suitable for experienced investors who are willing to tolerate volatility and market uncertainty.
Overall, palladium offers both investment and speculative opportunities for those looking to diversify their portfolio and potentially achieve high returns. However, it is important for investors to carefully consider the risks and their own financial goals before investing in this commodity.
Performance without dividends (%)
Name | 1w | 1m | 1y | 3y |
---|---|---|---|---|
Palladium | 3.509% | 3.509% | -25.177% | -58.270% |
iShares Core DAX® | 1.056% | 1.056% | 18.108% | 16.006% |
iShares Nasdaq 100 | -1.886% | -0.160% | 26.970% | 36.233% |
iShares Nikkei 225® | 2.553% | 4.359% | 17.676% | 10.955% |
iShares S&P 500 | -0.434% | 0.224% | 24.986% | 37.667% |
Comments by CarpeDiem for this prediction
In the thread Palladium diskutieren