Last Updated on January 15, 2024 by Ben
If you’re looking to invest in palladium, Credit Suisse Palladium Bars are the right choice for you. Credit Suisse is one of the world’s leading financial institutions and provides a guarantee that this metal will be worth something in the future. Credit Suisse Palladium Bars have a unique serial number on them, so they can’t be duplicated either, ensuring your investment is safe!
Development, Introduction, and History
Credit Suisse, the oldest Swiss company in existence, was initially established to aid the construction of Switzerland’s railway system. As it was originally called, the “Swiss Credit Institution” (as it was originally called) evolved and became an integral part of Switzerland’s development through its first several decades before evolving into today’s global investment bank.
The company is credited with aiding in the creation of the Swiss monetary system, funding entrepreneurs from Switzerland, and helping to develop its reputation as a world-class banking nation. Today they are the second-largest bank in Switzerland and one of Europe’s top financial service providers.
Palladium Maple Leaf Coins were released by the Royal Canadian Mint in 2005 and have proven to be a more accepted form of precious metals investment. That being said, Credit Suisse produces some of the most popular palladium bars available today for investors looking for an alternative to gold or silver coins.
The Credit Suisse bars are produced in Switzerland, where the Valcambi refinery is located.
Credit Suisse Palladium Bar Physical Characteristics
Credit Suisse bullion bars have a distinct design and can be recognized easily. They are made into a thin rectangle with smooth edges and minimal “flash.”
The front of each bar is imprinted with essential information (palladium content, fineness, and the bar’s distinctive, identifying serial number). For example, the 10-ounce palladium bar will say 10 OUNCES, PALLADIUM, 999.5 in large print on it.
The simple Credit Suisse logo is featured above the large print, consisting of only the words CREDIT SUISSE inside a rectangular box. Underneath this text, there appears in smaller font ESSAYEUR FONDEUR (assayer founder). The words in French are because Switzerland has no official language.
Credit Suisse has made some new designs for palladium bars. One of them is the Statue of Liberty. Most of the Credit Suisse palladium bars have a design on them that looks like the Credit Suisse logo, but it is repeated over and over in a diagonal line.
Some of the most common weight denominations for Credit Suisse Palladium Bars are one troy ounce and ten troy ounces. All bars are guaranteed to be 0.9995 fine palladium and backed by the Bank of Switzerland.
One troy ounce of metal is 4.0 mm thick, 40.0 mm long, and 23.0 mm wide. Ten ounces of metal is 8.1 mm thick, 90.2mm long, and 40.5mm wide. Credit Suisse Palladium Bars are typically serialized and have a Certificate of Authenticity.
Credit Suisse Gold Bars
Credit Suisse Palladium Bars have 99.99% purity and are produced by the Valcambi Suisse refinery, which can create bars in various sizes. People can buy them in small amounts like 1 gram, 2 gram, 5 gram, 10 gram, or even 20 grams.
However, bullion bars from Credit Suisse are much more often traded on the secondary market than they are available online.
Credit Suisse’s Liberty gold bars have an artistic design. They have the American Statue of Liberty on their backside. Other gold bars just show a diagonal pattern with the Credit Suisse logo on the back. In front, they show the Credit Suisse logo, date stamp, serial number, purity, and weight information.
The gold bars can be put in a Precious Metals IRA.
Credit Suisse Silver Bars
All Credit Suisse silver bullion bars are made out of 99.9% fine silver and come in a variety of sizes, such as 250 gram, 500 gram, 1 oz 10 oz, or even the more standard 1 kg.
It is very hard to find these silver bars. You can usually only find them on the secondary market.
The design of the silver bars is the same as that of the gold bars. The Credit Suisse logo, assayer’s stamp, serial number, and weight are all on the silver bars in the same way they are for gold bars. This silver bar has a diagonal pattern of multiple boxes with the Credit Suisse logo on the reverse side.
It’s eligible for inclusion in your Precious Metals IRA.
Credit Suisse Palladium Bar Pricing
Palladium deposits are rare and expensive, and in Europe, almost all of its supply comes from Norilsk, Russia. As a consequence, the Palladium Bar prices are sensitive to disruptions in supply. Recently, people have been buying lots of palladium. People are hoping that they will avoid price surges like in the past.
Unlike many bullion coins, palladium bars are not used as a monetary currency and therefore have no face value. Still, these bars contain certain advantages over palladium coins for those looking to invest in physical palladium.
The process of making bullion bars is easier and cheaper than the process of making coins. This means that the price of the metal in the bar is close to its spot price. Palladium bars are a good way to buy palladium because they are cheaper than coins.
Since palladium prices change every day, the value of Credit Suisse Palladium Bars will also change every day.
Credit Suisse Palladium Bars may trade at a significant premium over the market price of palladium due to limited supply and strong demand.
Why Buy Credit Suisse?
Credit Suisse only makes bars in two sizes: 1 oz and 10 oz. They are not carried by all dealers online. The 1 oz Credit Suisse palladium bar is a bit more commonly found for sale online. Gram-sized palladium bars are not made yet, but they could change as the price of palladium rises more.
The main factors that motivate investors to choose palladium bullion bars with the Credit Suisse brand are price as well as confidence in the quality. They position themselves as a reputable and trusted financial institution for minting precious metal, which is evident in their long history of issuing gold bars since 1979.
Perhaps because of the company Valcambi Suisse, Credit Suisse can sell their palladium bars for less than other dealers. Maybe it depends on the dealer. But generally speaking, Palladium Credit Suisse bars are available for less money over the metal’s spot price.
One of the benefits of Credit Suisse palladium bars is that authenticity can be confirmed by checking the bar’s individual serial number. Counterfeiters are becoming more and more common, so please note that each Credit Suisse gold bullion bar has a unique serial number which provides additional proof that it is legitimate.
Adding Credit Suisse Palladium Bars to an IRA
The IRS allows the gold, silver, and other precious metals to be a part of Individual Retirement Accounts. This is only if the metal meets certain requirements. They are called precious metals IRAs.
Investment advisors and investor groups recommend including Credit Suisse Palladium Bars in an account primarily dedicated to precious metals, such as precious metal IRAs. By doing so, investors can reap many tax benefits that other financial assets cannot offer and have the ability to diversify their investments by adding a physical commodity.
Palladium is a rare, precious metal. It’s one of the ten least common metals on earth, and this rarity provides real, sustainable value to investors.
Credit Suisse Palladium Bars can be added to an IRA because they are made from pure palladium. You must buy at least $5,000 worth of metal for your account to become a precious metals IRA owner. You must also make sure each purchase is at least $1,000.
When you buy the Palladium bars from Credit Suisse, the IRS also requires that they be held in a safe depository. The depository will take care of making sure that the bullion is safe and well taken care of.
People with an existing IRA can transfer or roll over their funds to a precious metals IRA.
The Credit Suisse Palladium Bars can be bought through many different retailers, but you can also buy them directly from Credit Suisse Group. People are worried about counterfeit bars, but you can verify the authenticity of your bars by typing in the unique serial number into their website.
Investors often overlook palladium because it’s not as popular as gold or silver. However, palladium has many unique qualities that make it an excellent investment option for those looking to diversify their precious metals portfolio.
Palladium bars are a good investment because they’re not correlated to gold prices and can further diversify portfolios. Credit Suisse Palladium Bars are an excellent option due to their purity and quality guarantee. Credit Suisse backs the bars with a unique serial number, assuring authenticity for investors that buy directly from Credit Suisse Group.