Bitcoins Are for Nerds. It’s Time to Invest in Dysprosium
Take this as a little tongue in cheek. A fun way to show some metal many have never heard of. Myself, I have a huge interest in Palladium and it’s use in jewelry. But a lot of folks have little idea of what it is. So here we go.
Hoarding gold is for libertarians. Bitcoin mining is for nerds. Really adventurous investors—especially fans of the stranger stretches of the periodic table—ought to consider stockpiling something more intense, like industrially valuable exotic elements. Demand for these is on the rise, and you no longer have to be a global megacorporation to get your hands on some. Kitco, one of the leading precious-metal traders, is now minting rhodium bullion for customers, and a Massachusetts company called Metallium will sell you almost any (non-radioactive) element; most are now conveniently available as ingots or coins. So where to start? Here are five sweet spots on the periodic chart.
PALLADIUM | $648 PER TROY OZ.*
Used For Catalytic converters
Investment Notes It’s traded pretty much everywhere, so you’ll always be able to cash out. Plus, its use in next-gen fuel cells could drive up demand and boost the value of your investment.
RHODIUM | $1,000 PER TROY OZ.
Used For Plating jewelry
Investment Notes Now available in bullion form! But beware of prices that fluctuate wildly: Rhodium is a byproduct of copper refinement, and the industry can’t readily react to market shifts.
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