Palladium Price iPhone App iGoldLIve Released By Regal Assets
The Price of Palladium is in US dollars as Regal Assets currently only sells and ships palladium coins and palladium bars in the United States. Regal Assets allows you to take physical delivery and have palladium and gold shipped to your home.
- Anchorage, AK (1888PressRelease) June 22, 2011 - Price of Palladium causing more investors to pay attention to the precious metal markets for news. Regal Assets has released there new iphone app iGoldLive to now include live current palladium prices and news.
The demand for Platinum is perhaps the most dominating from China, which is home to the fastest-growing automobile market in the world. In relation to industrial demand the investment markets is matching it with investor request for 1 ounce palladium bullion coins. Palladium coin dealer Regal Assets has now released an iPhone / Droid app for it's palladium investors thru iGoldLive.
Palladium is one of a group of six metals often referred to as PGM's, which stands for Platinum Group Metals. This group includes the well-known Platinum and the relatively obscure metals called rhodium, iridium, ruthenium and osmium. Platinum is 15 times rarer than Gold. Palladium is rarer than Platinum.
The biggest demand for both platinum and palladium comes from the global auto industry, which uses both in the catalytic converters necessary to meet increasingly stringent clean air requirements for the auto industry.
Since both are used to reduce auto emissions, Platinum and Palladium compete with one another on price. In early 2001 Palladium made a high of $1,090 per ounce. At the same time, Platinum was trading for $623 per ounce. As a result, the auto industry retooled their catalytic converters to use mostly Platinum. This process of retooling takes some time, and prices of the two metals adjusted as the switch took place.
Today Palladium is trading for approximately $780 per ounce, while Platinum is trading for a whopping $1,825 per ounce and topped almost $2,000 an ounce just a year ago. This imbalance will be corrected as automakers once again retool their production lines to accommodate the cheaper Palladium.
To keep up on the lastest news or the current Palladium price you can download the new iPhone app and Droid app iGoldLive for FREE form your cell phone market place. If you have an interest in investing in Palladium you can reach Regal Assets at 1-877-962-1133 or visit them online http://www.RegalGoldCoins.com