The debate of Palladium vs. Platinum has been going on for too long. With the passage of time, its only heating up and there is no solution to it. Below are going to help you for this matter.
Introduction to Palladium
This metal belongs to the group of Platinum Metals; it’s often mistaken for being more expensive than its counterpart. Palladium is the separate element metal that shares some similarities with platinum. It’s used in commercial catalyst and allowed in the Jewelry industry.
It’s often believed as the affordable alternative for platinum thanks to its easy availability. At this moment, the actual amount of palladium available is unclear. This is a better bargain when it comes commercial purpose as it almost half as much as its counterpart.
Introduction to Platinum
This is a precious metal that is used almost in everything from auto to the fashion industry. Back in 17th Century, traces of it lined the gold mines in South America. At the time, Spanish miners considered it a nuisance. Today, this metal has become rare.
Almost half of the platinum supply goes to the auto industry for emission control device. The powdered form is used as a catalyst in the ignition of hydrogen in catalytic converter of the car. The other industry it’s highly demanded is fine jewelry, it is followed by medical industry and heavy automotive industry.
How these are Different?
Palladium vs. Platinum is not much of a difference when it comes to the untrained eye. Thanks to their almost identical makeup, their reaction being catalysts to same chemicals. Both of them are used in jewelry as they maintain their color without tarnishing. The difference between these two is mainly density and price.
Platinum is denser as compared with Palladium and its better recommended for men’s jewelry it’s heavier than silver and gold while being the masculine option. When it comes to price, the density of platinum over palladium allows it to be more valuable, and it comes at twice the price of palladium.
Palladium vs. Platinum, despite their differences, are equally important to the retail industries. Name it, Automotive, Fashion, Medical, Dentistry, and even Jet engines, both are high in demand thanks to their advantages.
Despite both of them becoming rare with time, their uses are only increasing which makes an investment potential for them. If gold mining is ceased today, the gold supply can easily last for more than 20 years. If the same is done with platinum and palladium, the supplies will hardly last a year. Thanks to its similarities and affordability, palladium is slowly taking the market over platinum. The only problem is; the price of palladium is unpredictable and volatile which presents an excellent business opportunity for investors.
In Public Eye
Thanks to their use, aesthetic appear and the potential for investment, the Palladium vs. Platinum is a sellout. These metals have a high potential for being invested in. This is topped up with their rarity; the prices are increasing as they are becoming rare in sight while making them even more attractive. The Following Table Points out the essential difference between both these metals.
Side by Side Comparison Table
|Hardness||4.75 on MOH Scale||4.25 on MOH Scale|
|Price||$25 Per Gram||$40 Per Gram|
|Composition||95% Palladium with 5% Ruthenium||95% Platinum with 5% Ruthenium|
|Color||White Color maintains itself||White Color maintains itself|
|Resistance to Scratching||10% Harder than platinum||Softer than Palladium|
Image by 1791diamonds (1791 Diamonds) [CC BY 3.0 (http://creativecommons.org/licenses/by/3.0)], via Wikimedia Commons