如何投资钯金？
Palladium is an attractive investment because its supply is limited. Production of the precious metal comes almost entirely from mining， with refining adding only a trace amount to available supplies each year. In order for the global palladium market to function at full capacity， it would take 125 new mines at current production levels. With the majority of known reserves in Russia and South Africa， that could be tricky if political tensions between those countries rise．
The scarcity of palladium creates demand for the metal. It has been used as an industrial alloy， such as for catalytic converters in cars or as electrodes in platinum group metals (PGM) cells。 To date， most of this demand can be easily satisfied by existing supplies but there are some areas where limitations may exist——particularly in auto-electronics and jewelry manufacturing.
In addition to the above uses， investors also have a variety of options when it comes to holding palladium in their portfolios. For example， it can be held as physical metal（实物）in the form of bars or coins stored at home或in a safe deposit box. A more liquid option is to invest in a fund that specializes in precious metals and holds palladium as part of its portfolio.
Or else， someone interested in taking advantage of palladium's bull run can simply buy shares in an exchange traded fund (ETF）that tracks the price of the metal.
All these investment vehicles make palladium highly portable across different markets， including financial， industrial， consumer and even art markets.
当然，对于普通投资者来说，最好的方式可能是通过基金进行投资。由于贵金属市场相对较小，个人很难有效判断时机，而机构投资者具有专业知识和资源来分析和把握这些机遇。很多贵金属基金都有一定的期限，投资者需要根据自己的财务目标选择合适的产品。