This .9995 fine palladium bar pays homage to a classic of traditional Russian architecture -- the onion dome. These 1 oz palladium ingots are manufactured by the British refining firm, Baird & Co. which is a full member of the London Bullion Market Association and an associate member of the London Platinum and Palladium Market. These palladium bullion bars will maintain their precious palladium bullion value regardless of their age.
DISCLAIMER: This product is taxable for Canadian Residents.
Baird & Co. was established as a firm in 1967 dealing in numismatic coins of the world and then moved towards high volume bullion dealing as government enforced private gold ownership restrictions eased in the 1970s. By 1975 the business was actively 'making a market' quoting, bullion buying and selling prices for banks, stockbrokers, coin dealers, retail and wholesale jewelers and other volume traders in bullion bars and coins, as well as for private clients, becoming one of the UK's leading bullion trading houses of the period.
Today some 40% of the world’s oncoming palladium bullion supplies comes from Russia, a nation which has had major palladium supply disruptions early on in this 21st Century.
It was a Russian palladium supply disruption late in the year 2000 which helped produce the all-time palladium price record high of nearly $1,100 oz in January 2001. Early in the 21st Century Russia accounted for approximately 70% of the world’s oncoming palladium bullion supply.
During this same early 2000's timeframe, shortfalling Russia palladium bullion supply shortages caused the Ford Motor Company’s purchasing department staff to stockpile palladium at record high prices without prudently using futures or options contracts to properly hedge their palladium price risks. By early 2002, new Russian palladium supplies were again being exporting and the palladium had fallen by more than 60% from its prior year’s all-time USD per oz record price. The Ford Motor Company was forced to write-off $1 billion USD in losses from the palladium stockpile it had acquired unhedged at near record prices due to the temporary shortage.