Palladium, element symbol Pd, is one of the platinum group elements. 1803 was discovered by British chemist wollaston when he was separating platinum. Similar to platinum, it has excellent characteristics and will not be oxidized in the air and lose its luster under normal circumstances. It is an extremely rare precious metal resource. Palladium was discovered in 1803, and then its industrial value gradually appeared and was gradually recognized in the jewelry industry. Unlike gold, palladium has important industrial uses, and its biggest industrial demand comes from the automobile industry. Palladium and platinum are used together as catalytic converters for exhaust emissions. Palladium is widely used in jewelry, which originated in China and has been in a dominant position in recent years. At first, people only used palladium as an added element in platinum jewelry. At the end of 2003, when the price of platinum remained high, some platinum operators in China wanted to use palladium, another element in the platinum family, to make jewelry in order to reduce the risk of capital cost. From then on, palladium ornaments were officially born in China. In recent years, people began to use palladium as the main element to make jewelry. Palladium, platinum, gold and silver are both international precious metal spot and futures trading varieties, which are non-renewable scarce resources and have great value in the international market, but there are certain differences between platinum investment and gold investment. Analysts said: "Compared with gold, palladium investment products are relatively simple. At present, the domestic palladium investment mainly includes paper palladium, palladium investment or palladium jewelry purchase introduced by banks. There are many ways to invest in gold, including paper gold, gold futures, gold TD, gold ETF fund, physical gold and gold accumulation. " Many people think that palladium is rarer than gold and has great investment potential, so it has more investment prospects than gold. In fact, gold appears as a reserve currency, and the biggest advantage of palladium is to make jewelry. At present, the common way in China is to fry the real thing-palladium jewelry. At present, there is no low-cost repurchase method in the domestic palladium physical investment field. In addition, domestic palladium investment can not meet the needs of long-term investment and short-term investment, with poor flexibility and difficult sales. At present, there are no palladium futures contracts or palladium ETF funds and funds investing in overseas palladium ETF funds in China. The fixed investment palladium business launched by banks is not necessarily suitable for ordinary investors, and fixed investment palladium is not a good choice for individual investors. Palladium is a rare metal, and its output is much lower than that of gold and slightly higher than that of platinum. The main use of palladium is jewelry processing, so palladium is greatly influenced by market demand, but the sales of palladium jewelry in China have been unsatisfactory, and the market demand is far less than that of gold and platinum. As for the investment in paper palladium, people in the industry reminded that investing in paper palladium requires higher professionalism of investors, and investors need to have a deeper understanding of various factors affecting palladium prices. For investors who have some investment experience, when investing in palladium, they should pay attention to buying on dips as much as possible to avoid chasing up. Although the price of palladium is bullish for a long time, it is difficult to grasp the short-term and medium-term market.