With high palladium trading prices, now is a good time to liquidate your palladium scrap holdings. 

Demand is high. Because palladium is a secondary product that is recovered from platinum and nickel mining, miners have limited ability to increase palladium output in response to rising prices. 

With platinum currently trading for $940.00 on the London Fix, it is a metal you should definitely not overlook as you make your plans as a precious metal investor. 

But where can you find platinum scrap that we can recycle for you? Let’s review four of the best kinds of platinum scrap you should be focusing on. 

We have written a lot in the past about gold scrap, silver scrap, and platinum scrap.

Today, we would like to take a look at palladium scrap. Why? Because palladium is currently trading at $2,208.00, which compares favorably to gold, which is now trading at $1906.80. Like the trading price of gold, the trading price of palladium has been rising.

It has been a few months since we wrote about palladium on this blog. And it is time to write about it again. Why? Because palladium trading prices are rising steadily. That’s another way of saying that if you acquired some palladium scrap or bullion a few years ago and simply held onto it, you would be making a nice profit on it today.

People confuse palladium and platinum. Both metals are white, lustrous, tarnish-resistant . . . and rare. But if you compare the prices of palladium and platinum jewelry, you will notice immediately that a piece of palladium jewelry sells for about one-third more than a similar piece of platinum jewelry, even though both items weigh about the same.

If you’re on the hunt for platinum scrap, you could sweep the floors at a jewelry factory, pull up old drain pipes and floorboards you find there, or tweezer out bits of old platinum screens and sponge from plating tanks and drains.

That’s hard work. There are much easier places to find platinum . . .

It’s been a while since we wrote about palladium on our blog. Since we last wrote about this precious metal two years ago, its trading price has risen from about $700 to $800 on the London fix. That’s reason enough to revisit the topic of palladium. And because it is still very feasible to realize a good return from acquiring and recycling this often-overlooked precious metal, we are providing an overview of the basics in today’s blog post. 

How much gold, silver, platinum and other precious metals were in those buildings before they burned? Are those valuable metals ever recovered, or are they still waiting to be found in the ashes and rubble? 

We’ve written before on this blog about how to make money recycling gold class rings. Today, let’s take a look at how you can profitably recycle older class rings that contain palladium and platinum.