Author

admin

Browsing

  • ‘Saturday Night Live’ star Colin Jost will host a daily show during the Ryder Cup called ‘Breakfast at Bethpage.’
  • The show is produced by Peyton Manning’s Omaha Productions and will stream live on Peacock and YouTube.
  • ‘Breakfast at Bethpage’ aims to appeal to both golf fans and a general audience with a variety of celebrity guests.
  • The broadcast will be live for two hours each morning of the three-day event from Bethpage Black.

FARMINGDALE, N.Y. — ‘College GameDay’ meets ‘ManningCast’ live from the first tee at the 2025 Ryder Cup to create ‘T-Mobile Breakfast at Bethpage,’ a two-hour show streaming on the Ryder Cup YouTube channel and Peacock hosted by ‘Saturday Night Live’ comedian – and avid golfer – Colin Jost. 

A “big sports fan” in general, Jost is back in the sports spotlight after serving as the NBC’s celebrity correspondent at the 2024 Summer Olympics covering surfing. 

“The same way going to the Olympics in Tahiti – it’s like a once-in-a-lifetime opportunity,” Jost said the day before the competition and his show started.

“I feel like we have enough trust between us,” Jost said of Peyton. “He’s got such a great team at Omaha.” 

Jost said he hopes ‘Breakfast at Bethpage’ appeals to golf fans while also being “beginner-friendly.” 

The show has guests lined up for the three days across all sectors of culture – most unrelated to golf. 

“We’re trying to appeal to everyone,” Jost said. 

Nate Bargatze, Bobby Flay, Druski, Robert Pattinson, Niall Horan, Michael Phelps and Christopher McDonald are expected to make appearances. Jost’s “SNL” teammate Marcello Hernandez, Hannah Berner and Roger Steele are serving as correspondents. 

Jost wants to feed off energy at Bethpage from the fans, whether they’re in the grandstand behind the set or roaming around the course and finding their way to his correspondents’ microphones. He fully expects to attract a crowd screaming at him or doing weird gestures in the background. That’s the business of being live for two hours (the show will stream from 6-8 a.m. ET on Friday and Saturday, and from 10 a.m. to 12 p.m. ET on Sunday). 

“SNL is live, but you’re rarely interacting with the audience unless something’s going really wrong,” Jost said. “So I would love to use that energy.” 

Putting on his golf analyst hat, Jost predicted the Americans will do better than anticipated during the team formats over the first two days and the Europeans will fare better than expected in the singles matches on Sunday. His player to watch is USA’s Cameron Young, a New York native.

“I’m optimistic that it’s going to be a dramatic finish,” Jost said. 

T-Mobile is the presenting sponsor of “Breakfast at Bethpage” and is Omaha Productions’ “first-ever end-to-end 5G-connected broadcast.”

This post appeared first on USA TODAY

  • Colorado’s upcoming game against BYU is a critical test for coach Deion Sanders in his third season.
  • A loss to BYU would damage Colorado’s chances for a Big 12 title and bowl game eligibility.
  • Colorado’s defense, which ranks 121st nationally against the run, will face a challenge from BYU running back LJ Martin.
  • Kaidon Salter is now the undisputed starting quarterback after leading the team to a win against Wyoming.

The quarterback controversy at Colorado is finally over now apparently, bringing an admitted sense of “relief” to the Buffaloes after sorting through three players at that position in the first three games.

But now comes a telling test for Deion Sanders in his third season as Colorado’s coach. And it’s probably the biggest one yet for him since he lost several top players to the NFL from last year’s team, including Heisman Trophy winner Travis Hunter and his quarterback son Shedeur.

The Buffaloes host undeated No. 24 Brigham Young on Saturday night Sept. 27.

After starting the season with a 2-2 record, are the Buffs a soft and mistake-prone team, like they seemed to be during losses against Georgia Tech and Houston? Or are they a dynamic force to be reckoned with, led by a take-charge quarterback?

The latter is what they appeared to be in a 37-20 win last week against Wyoming. But Wyoming isn’t nearly as good as BYU.

“We gotta win these type of games,” Sanders said at a news conference Tuesday in Boulder. “We gotta be dominant in these type of games. But one thing that we want to do: We want to give our best effort. We don’t want to walk away from the game saying, ‘Dang, we could have played better’ We don’t want to do that like in Houston. We played like garbage, man.”

Why this is a critical game for Deion Sanders

If the Buffs drop another Big 12 Conference game Saturday night, they will fall to 0-2 in league play heading into a road game the next week against undefeated No. 25 TCU.

A loss would severely damage their chances to play for the Big 12 title and even become eligible for a postseason bowl game. A win does the opposite, keeping those dreams within realistic grasp.

The game is a rematch of the Alamo Bowl last December, when BYU won easily, 36-14. But both teams have made big changes since then, most notably at quarterback.

At Colorado, Liberty transfer Kaidon Salter engineered the win against Wyoming, throwing three touchdown passes and running for another.  He’s the undisputed top QB now, not Ryan Staub, who started the Houston game, or Julian Lewis, the freshman who recently turned 18.

“Yes, I do sense a relief,” Buffaloes defensive lineman Amari McNeill said Tuesday about the resolution at quarterback. “We all got that figured out and… We can do our own job and just worry about dominating.”

But what if Salter has a bad game? That’s another reason this game is a big one for Sanders. He doesn’t want to go back to rotating quarterbacks.

Will Colorado’s ‘mini-NFL program’ show its muscle?

It helps Sanders that Colorado’s quarterbacks have receiving targets who have filled in well for Hunter, the departed receiver/cornerback. The big one is 6-5 Sincere Brown, who has touchdown receptions of 71 and 68 yards. He compares himself to Pro Football Hall of Famer Randy Moss.

“A lot of people like to call me Moss Jr.,” Brown said.

Sanders said he wants Brown to “shine like a Christmas tree” and get more involved.

But Colorado misses Hunter’s playmaking on defense. The Buffs rank 121st nationally in rushing defense, having given up an average of 194.5 yards on the ground.

Now comes BYU running back LJ Martin, who ran for 93 yards and two touchdowns against Colorado in the Alamo Bowl. This year, he ranks ninth nationally with 114 rushing yards per game.

Brown, who transferred to Colorado from Campbell, said Colorado is like a “mini-NFL program” with its Pro Football Hall of Famers on staff, including Sanders, running backs coach Marshall Faulk and pass-rush coach Warren Sapp.

How that pro pedigree translates into college coaching success is still an open question, to be answered to some degree with a big physical test Saturday at 10:15 p.m. ET on ESPN.

“Every week is a proving ground,” Deion Sanders said.

Perhaps none more so this year than Saturday.

Follow reporter Brent Schrotenboer @Schrotenboer. Email: bschrotenb@usatoday.com

This post appeared first on USA TODAY

PHOENIX — Clayton Kershaw, his shirt off, cap on his head, beer dripping off his body and champagne stinging his eyes, stood in front of his locker in the celebratory Los Angeles Dodgers clubhouse, wanting to soak in every last moment.

Let his younger teammates wear protective goggles and T-shirts.

Not Kershaw.

Not on this day, the 14th time he has celebrated the NL West Division championship.

“I want to feel the burn,’’ Kershaw said. “I don’t want goggles. I don’t want a shirt. I hardly want pants.’’

The pants stayed on.

Nothing else did.

Kershaw, remembering 2013 when the Dodgers celebrated their division title at Chase Field in Phoenix by jumping into the pool beyond the center-field fence, didn’t have any desire for an encore. He stayed put, along with the rest of his teammates, after drawing the ire of the Arizona Diamondbacks, along with U.S. Senator John McCain, who called them “a bunch of overpaid, immature, arrogant, spoiled brats.’’

“I remember that, it was a lot of fun,’’ Kershaw said. “I think we rubbed too many people the wrong way on that one. Getting to celebrate in here, is just fine.’’

Call ‘em want you want now, but the Dodgers are NL West champions for the 12th time in the last 13 years, vying to win their third World Series title in the past six years and send Kershaw out a champion.

“This is what I’m going to miss,’’ Kershaw said. “Pitching, and all of that stuff is great, but doing this with this group of guys, all working on the same collective goal, this is what you miss. The camaraderie, the bonding, and everybody going through something hard and coming out the other side, that’s really special.

“You don’t get that anywhere else. There’s no other jobs for 37-year-olds on teams to get to do that, you know? That’s what I’m going to miss. I had a great run.’’

The Dodgers’ division title celebration was rather tame Thursday, with the exception of several younger players diving head-first on the beer-drenched plastic wrap on the floor. The party started the moment the game ended at 3:14 p.m., and for the most part ended just 38 minutes later with the plastic covering lifted up, no longer protecting their lockers.

“There’s nothing better than celebrating with your teammates at the end of the year,’’ Kershaw said. “It never gets old. That’s why we play the game. It’s been a weird year. Obviously, we got a lot more to accomplish, but we’re going to enjoy the moment and have a ton of fun.’’

This was a team that was supposed to ruin baseball with its $400 million payroll, with predictions that they could break the modern-day record with 117 victories, especially after their 8-0 start. The reality was that they had to overcome a litany of injuries, 27 blown saves, underperforming individual seasons, and wound up with only 90 victories with three remaining games.

“Nothing matters anymore,’’ said Kershaw, the three-time Cy Young winner with a date in Cooperstown awaiting. “We won. We’re in the postseason. We won our division like we’re supposed to do.

“So, it doesn’t really matter what happened to this point. We did it. And we move on.’’

The Dodgers will tell you that they’d love to win the World Series for Kershaw, knowing what he means to the organization, the legacy he leaves behind, and his relentlessness in trying to bring World Series titles to Los Angeles.

Now, it’s their turn to do something for him, while also trying to savor every moment with him.

“I’m going to take pictures with him all of the time,’’ Dodgers starter Blake Snell said. “He’s going to get annoyed at me. I’ll be asking as many questions as I can without annoying him.

“But he’s the best. It couldn’t happen to a better guy. So hopefully, we can end this the right way with a World Series and send him out that way.’’

Kershaw will make the final regular-season start of his career Sunday against the Seattle Mariners, and then it’s off to the bullpen. He’ll be on the postseason roster, but will be used out of the pen, particularly in the first two rounds where only three starters are needed.

Kershaw doesn’t mind, and told the Dodgers whatever role he’s needed in, he’ll be there.

But for now, well, that’s one clubhouse party down. And a few more to go, with perhaps one last parade to cap it all off.

“It’s great, Clayton has earned it,’’ Dodgers manager Dave Roberts said. “He’s celebrated many times over. He’s the face of the franchise. He really is. Shohei (Ohtani) is going to get his time, but you look at what Clayton’s done for 18 years, how he goes about things, how he’s so unselfish, it just kind of raises the level of expectation for all of us, including myself.

“And what better way to finish his career than winning another championship.’’

So, did Kershaw address the team in his final division title celebration, or at least raise a glass of champagne in a toast?

“No,’’ Roberts said. “We’ll save that one for after the World Series.’’

Follow Bob Nightengale on X: @Bnightengale.

This post appeared first on USA TODAY

  • Five-time Pro Bowler’s recent fumbles happening at a rate that’s never before occurred in his 10-year career.
  • Henry has been openly transparent and accountable in the aftermath of his turnovers.
  • The Ravens face the Chiefs in a battle of 1-2 teams Sunday, and Henry usually plays well against K.C.

It was striking to see such an intimidating man, one who’s terrorized brutes the likes of NFL defenders for the better part of a decade, so disconsolate.

But that would describe 6-2, 252-pound Baltimore Ravens superstar running back Derrick Henry on Monday night, his third fumble in three games contributing to his team’s second loss. Both of his lost fumbles have corresponded to the defeats of a 1-2 team awash in Super Bowl expectations in 2025.

Wearing a gray sweatshirt at the team’s training facility Wednesday, Henry, his hood framing his face, didn’t seem to be shouldering the entire weight of the world two days later. Yet he remained heavily burdened by his untimely mistakes – his fumbles in those losses to the Buffalo Bills and Detroit Lions both occurring in the fourth quarter.

“I’m still pissed off. I’m still mad at myself,” Henry told reporters. “(I)t’s a problem I have to get fixed, so I’m working on it. I’m working as hard as I can to get this issue resolved, and it’s tough right now.

“It’s just been consecutive weeks, back-to-back-to back, which is crazy. That’s why you all saw me distraught. I was just like, ‘I can’t believe this happened for a third time.’ But, I’ve just got to go back to work and push forward even though it’s hard. Nobody can fix it but yourself, so I’ve got to accept it like a man. Everything that comes with it, I accept, because it’s my responsibility to take care of the ball for this organization.” 

Henry, 31, a five-time Pro Bowler and two-time rushing king is in his 10th NFL season and second with the Ravens. He’s gone entire years without fumbling. He lost just one in 2024, when he led the AFC with 1,921 rushing yards. Prior to Monday, he’d never lost multiple fourth-quarter fumbles in the same campaign.

This almost certainly isn’t a chronic issue, yet Henry is attacking it with Biblical ferocity.

“Maybe it’s just something God wanted to put me through, and maybe he’s testing my faith right now,” he said. “I just have to keep believing and keep working. I told my family the other day, ‘Those tables turn, and this hasn’t turned my way, but when they do, I’ll be ready.’

“I feel like I’m letting my teammates down, which I don’t want to do. Everybody knows it’s not happening on purpose, but it’s a problem that I have to get fixed, and I’m going to go out there and work every day to make sure that the problem is resolved.”

The Ravens don’t have much time to wait.

Already in the midst of a short week, they’re traveling to Kansas City to face the Chiefs, who are grappling with their own disappointing 1-2 start. But K.C. is also 5-1 against Baltimore since the teams’ respective quarterbacks and multiple MVP winners, Patrick Mahomes and Lamar Jackson, became starters.

“(I)t is a huge game. We’re 1-2. We don’t want to be 1-2, and the same thing for them,” said Henry.

“(W)e’ve got to be focused and do what we need to do to be ready for Sunday.”

Henry certainly seems to be and has been especially effective over the years against the Chiefs, against whom he’s averaged nearly 100 rushing yards and scored nine touchdowns in seven career meetings.

But he deserves credit for more than that.

Early Tuesday morning, then again Wednesday, he provided insightful, thoughtful answers to his struggles while exposing his vulnerability. He also made himself available – not once, but twice – to face the music when he could have given clipped, boilerplate responses or hidden from reporters entirely as many embattled players over the years have chosen to do.

Maybe that’s why, aside from Henry’s own concern, no one else in the Ravens’ flock seems to be sharing it.

“He is very, very accountable. When somebody cares so much about what they’re doing, and they’re so accomplished – so talented and so good, works so hard – as a coach, you just can’t worry about that,” Ravens coach John Harbaugh said Wednesday.

“I’m not worried about Derrick Henry at all.”

It’s also worth noting that his fumble against Buffalo completely changed the arc of a game that Baltimore lost 41-40 after blowing a 15-point fourth-quarter lead. But his giveaway against Detroit occurred with 8:26 to go and only cost the Ravens a field goal. They had plenty of time to overcome the gaffe – even if it might be a while before Henry escapes his newfound meme status after slipping and crashing onto Baltimore’s bench after slamming his helmet in frustration following his miscue.

“(Y)ou’re going to always put the blame on yourself,” Jackson said Wednesday.

“We still could have executed and made something happen. We can’t fault him for that. Players mess up.”

And let’s not forget to credit defensive end Aidan Hutchinson for masterfully forcing the fumble, Henry never seeing the Lions star retracing his way into the play before punching the ball loose.

Moving forward? Seems like a fairly safe bet that Henry goes back to spilling defenders with his patented stiff-arm as opposed to spilling the ball yet again – particularly considering how he’s feeling.

“It’s embarrassing for me to be talking about this, because I am having this issue,” he said. “But you have to hold the ball high and tight to keep it away from the defense, keep it away from the defender so you keep the ball.

“But just know I’m working. I’m working, and it’s rough right now, but it’s going to come back around. I promise you.” 

Sounds like a man poised to come up big, literally and figuratively.

This post appeared first on USA TODAY

Colorado coach Deion Sanders questioned the recent firing of Oklahoma State coach Mike Gundy, noting how the game of college has changed and it takes more than good coaching to win.

Gundy took his team to 18 straight bowl games but fell on harder times the past two seasons after reaching the Big 12 Conference championship game as recently as December 2023. His team this year was 1-2 before his firing was announced Tuesday, Sept. 23. His record at Oklahoma State was 170-90.

“You do that to Mike Gundy, man?” Sanders said Thursday on the Colorado Football Coaches Show. “To Mike Gundy?”

Sanders said he got to know Gundy at Big 12 coaches’ meetings and said he sat at the head of the table because of his seniority and success. Sanders called him the “Grand Poobah.” Gundy, 58, was the second-longest tenured head coach in major college football after 21 seasons in Stillwater.

“You can’t expect the man to win out like he’s been winning when the game has changed and it takes finances now to win,” Sanders said. “It just don’t take good coaching now. It takes good coaching and finances.”

Deion Sanders says Mike Gundy is a hero to him

Sanders, 58, had a special message for Gundy on the show:

“Coach, I love you,” Sanders said. “I appreciate you. I respect you. You are a hero to me, and I love everything about you.”

That includes Gundy’s hair. Gundy was known for his mullet, leading the show’s host, Mark Johnson, to mention a rumor that other coaches would grow a mullet in solidarity with Gundy after his firing. Sanders, by contrast, is hair-challenged. Sanders said in the Black community a mullet is called a “shag.”

“I wish to God that rumor was true; that mean I’d be growing hair like yours,” Sanders said.

Gundy is owed $15 million from Oklahoma State to buy out his contract.

“I would love to just pick his brain and learn from him because he’s a winner,” Sanders said.

Sanders’ team is 2-2 this year and plays BYU on Saturday night at home. Last year, Colorado beat Oklahoma State in Boulder, 52-0.

Follow reporter Brent Schrotenboer @Schrotenboer. Email: bschrotenb@usatoday.com

This post appeared first on USA TODAY

Platinum-group metals (PGMs) include platinum, palladium, rhodium and other metals, all of which are prized for their durability, resistance to corrosion and excellent catalytic properties.

The automotive industry is the world’s largest consumer of these metals, which among other things are used in catalytic converters for vehicle exhaust systems. A rebound and continued growth in auto production is projected in the coming years, particularly in developing markets, and this should increase demand for PGMs, especially when it comes to platinum and palladium.

On the supply side, the platinum market slid into a significant deficit in 2024, which has extended into 2025 and is expected to continue into the next year. These fundamentals led platinum prices to a 12 year high of US$1,495 per ounce on September 23, 2025.

But where do platinum and palladium come from? The list of the world’s top palladium- and platinum-mining countries is a short one, and most PGMs come from South Africa and Russia. We dive into the miners, markets and regulations affecting the top PGM countries below, and you can also learn more about the companies mining these metals here.

Russia’s ongoing war in Ukraine and electricity shortages in South Africa are expected to seriously hamper the ability of these nations to bring PGMs to market.

So what other countries are platinum and palladium producers, and which countries hold the most platinum and palladium reserves? Below is a list of the five top producers in 2024, as per the latest data from the US Geological Survey.

1. South Africa

Platinum production: 120,000 kilograms
Palladium production: 72,000 kilograms
PGM reserves: 63 million kilograms

South Africa is top of the list of the world’s top platinum producers, with production of 120,000 kilograms in 2024. South Africa is also a major producer of palladium, taking second place globally with 72,000 kilograms last year. The country holds the largest-known reserves of PGMs globally at 63 million kilograms, accounting for over 75 percent of known global reserves.

According to the US Geological Survey, 2024 production of PGMs in South Africa ‘decreased compared with (74,900 kilograms) in 2023 owing to declining prices, higher costs associated with deep-level mining, labor disputes, and ongoing disruptions to the supply of electricity.’

The Bushveld complex is the largest PGMs resource in the world, and represents a large majority of annual global production of platinum and palladium. Impala Platinum Holdings (OTCQX:IMPUF,JSE:IMP), commonly called Implats, is a significant producer in the complex, which hosts the company’s Impala Rustenburg mine, Marula mine, Bafokeng and Two Rivers joint venture.

2. Russia

Platinum production: 18,000 kilograms
Palladium production: 75,000 kilograms
PGM reserves: 16 million kilograms

Despite being the world’s second biggest platinum-mining country, Russia’s annual production trails behind South Africa’s by a large margin, coming in at 18,000 kilograms for 2024. That said, Russia was the world’s top palladium producer in 2024, putting out 75,000 kilograms last year — 3,000 kilograms higher than South Africa’s output.

Russian mining company Norilsk Nickel (MCX:GMKN) is the world’s largest palladium producer, and it plans to invest US$35 billion in infrastructure upgrades between 2021 and 2030, which will ultimately result in higher metals output.

While Russia held its spot as the top palladium producer last year, its palladium production dropped significantly from 87,000 kilograms in 2023. The USGS attributed the drop to ‘disruptions from natural disasters, lower metal grades and ore recovery, ongoing issues related to the Russia-Ukraine conflict, and planned outages at a major metallurgical plant.’

3. Zimbabwe

Platinum production: 19,000 kilograms
Palladium production: 15,000 kilograms
PGM reserves: 1.2 million kilograms

Zimbabwe is a major producer of both platinum and palladium, producing 19,000 and 15,000 kilograms of the precious metals respectively in 2024. Zimplats Holdings (ASX:ZIM) is the biggest platinum miner in the country, and it is 87 percent owned by Implats.

In October 2022, Zimbabwe introduced a policy that allows it to stockpile physical metals, including PGMs. A change to the country’s existing cash royalties on miners, the rules require mining companies to instead pay the royalties based on their production in a 50/50 combination of cash and refined metals.

The policy currently applies to PGMs, gold, diamonds and lithium. However, it is dynamic, with the option to add or subtract affected metals and change royalty percentages based on factors such as geological scarcity and demand trends.

In January 2025, the Government of Zimbabwe officially implemented a 5 percent levy on unbeneficiated platinum exports, which it had postponed to allow mining companies time to build refining capacity.

In line with the government’s goal of adding value to the country’s platinum products, Zimplats has expanded its smelting capacity and is making slow progress on a US$190 million refurbishment of its mothballed base metals refinery to process PGM mattes into pure platinum metal concentrates.

4. Canada

Platinum production: 5,200 kilograms
Palladium production: 15,000 kilograms
PGM reserves: 310,000 kilograms

Canada’s strong palladium production of 15,000 kilograms tied with Zimbabwe to make it the third highest producer globally in 2024. Canada’s platinum production was also significant at 5,200 kilograms. The North American country’s palladium and platinum production were nearly both on par with the previous year.

The country only holds 310,000 kilograms of known PGMs reserves — the lowest total reserves on this list — but companies continue to explore for PGMs in Canada in search of more deposits.

Canadian PGMs production takes place mainly in the province of Ontario, but PGMs output also comes out of Québec and Manitoba. The country has one primary PGMs-producing mine, the Lac des Iles mine in Western Ontario, which is owned by Implats Canada. The remainder of the country’s production is as a by-product of Canada’s nickel mines.

5. United States

Platinum production: 2,000 kilograms
Palladium production: 8,000 kilograms
PGM reserves: 820,000 kilograms

The United States produced 8,000 kilograms of palladium in 2024 alongside 2,900 kilograms of platinum. The US holds 820,000 kilograms of identified PGM reserves.

Sibanye Stillwater’s (NYSE:SBSW,JSE:SSW) Stillwater Complex in Montana is the only primary producer of PGMs in the US. The company also maintains a smelter, refinery and laboratory in Montana and recovers PGMs from spent catalytic convertor material from vehicles.

Low palladium prices forced Sibanye Stillwater to curtail production and layoff about 700 employees at the Stillwater Complex in 2024. The company has pointed to Russia flooding the palladium market to depress prices.

In response, on July 30, 2025, Sibanye Stillwater and related industry participants filed antidumping and countervailing duty petitions with the US Department of Commerce and the US International Trade Commission (ITC) on imports of unwrought palladium from Russia.

On September 18, the ITC determined there is a reasonable indication the industry was ‘materially injured’ by the Russian imports, and commenced the final phase of investigations.

FAQs for investing in palladium and platinum

What is platinum?

Platinum is a precious metal that belongs to the platinum-group metals category. Platinum has a silverish-white hue and is represented by the symbol Pt and atomic number 78 on the periodic table of elements.

What is platinum used for?

Platinum has several uses, including playing a large role in the auto industry for its ability to reduce emissions. Additionally, platinum is in high demand for jewelry and as an investment metal.

Platinum is also benefiting from growing demand from the hydrogen fuel cell sector. The metal is a key catalyst in the process that converts hydrogen into electricity.

What is palladium metal?

Palladium fits into the precious metals category and is a PGM. It is represented by the symbol Pd and atomic number 46 on the periodic table of elements. Palladium has a silvery-white color and is prized for its rarity.

What is palladium used for?

The automotive sector is the primary end user of palladium. The metal is a key component in the catalytic convertors of internal combustion engine vehicles, where it is used to reduce emissions.

Like platinum, palladium is used in jewelry and valued as an investment. It has other smaller-scale uses, and is consumed in various ways by the medical and dental fields, among others.

What is the best way to invest in palladium?

While there is no single best way to investing in palladium, those interested in gaining exposure to this market have a variety of options. Investors who prefer more tangible assets can add physical palladium to their portfolios, including palladium bullion and coins. Palladium exchange-traded funds such as the Sprott Physical Platinum and Palladium Trust (ARCA:SPPP) and the Aberdeen Standard Physical Palladium Shares (ARCA:PALL) offer another route. Palladium-focused stocks are yet another option, with pure-play palladium miners including Sibanye-Stillwater and Impala Platinum Holdings.

Why are metals like gold, platinum and palladium so expensive?

Precious metal gold has long been valued as a form of currency and a store of wealth, all of which have built up its high intrinsic value. Platinum and palladium are 30 times rarer than gold, much harder to mine and are in high demand due to their important industrial uses.

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

It can be tempting for investors to focus on specific assets or strategies when building an investment portfolio, but those taking a long-term approach will want to diversify in order to balance out potential portfolio instability.

Gold has a reputation for being a reliable diversifier because it can act as a hedge against various risks.

For those unfamiliar with the term, put simply, a hedge is an investment position whose main purpose is to offset potential losses or gains related to another asset. But how does that work, and what’s the best way to get exposure to gold as a hedge?

Read on for a look at how this strategy works and why it’s worth considering.

In this article

    Why use gold investments as a hedge?

    Gold is looked at as a hedge investment in many different situations. The first and most popular use of gold as a source of protection is as a hedge against the decline of a currency, typically the US dollar. When the dollar slips, the yellow metal not only becomes less expensive to hold, but also tends to rise in value.

    “Gold’s relationship with the dollar is determined by US-based gold supply and demand, as well as by the status of the dollar as the reserve currency globally,” states the World Gold Council. “Historically, a weak dollar tends to provide a stronger boost to gold’s performance than the drag created by a strong dollar.”

    By holding the precious metal as a diversification tool when the economy negatively affects currencies, investors can incur gains from the metal’s increased value.

    The second reason why gold makes a good hedge is that it can act as a defense against inflation. When the cost of living begins to rise, the stock market often falls. In those cases, investors with assets that are negatively affected by a volatile market need something to balance that out — that’s where gold comes in.

    Over the past 50 years, investors have seen gold make huge gains when the stock market is crumbling. As Investopedia points out, “This is because, when fiat currency loses its purchasing power to inflation, gold tends to be priced in those currency units and thus tends to arise along with everything else.”

    Interestingly, the yellow metal has also been used as a hedge against deflation, which happens when prices drop, the economy is in a downturn and excessive debt looms. This situation has not occurred since the Great Depression of the 1930s, and to a much smaller degree after the 2008 financial crisis.

    Market participants may decide to hoard cash in this type of scenario, and the safest place to hold cash is in gold. Again, while this situation is not commonplace, many investors keep the yellow metal in their portfolios on the off chance that another massive period of deflation will take place.

    Finally, gold can be used as a general portfolio hedge when market participants hold investments that are not related to one another. Since the precious metal generally has a negative correlation to stocks, bonds and other financial instruments, investors often diversify by creating a portfolio that combines gold with stocks and bonds in order to reduce both volatility and risk.

    While it is true that the yellow metal goes through times of volatility, it has always maintained its value over the long term, making it a steady addition to investors’ portfolios.

    Those who have decided to add gold to their portfolio as a hedge have a variety of options. Here’s an overview of three of the most popular ways of getting exposure to gold.

    1. How to use physical gold as a hedge

    Investors can get the most direct exposure to gold by buying physical gold, and holding the physical metal also adds diversification from digital assets. Physical gold can be purchased through government mints, private mints, precious metals dealers and even jewelry stores.

    Physical gold investors should generally focus on 0.999 fine items, as these will also be the easiest to sell. The majority of gold bullion products fit this description.

    One of the most common choices for investors are gold bullion coins, such as the South African Krugerrand or the Canadian Gold Maple Leaf, which are 0.999 fine. The American Gold Eagle is reputable and popular as well, but has a lower purity at 91.67 percent. Another option is gold rounds, which are similar to coins, but are not legal tender, making them often slightly cheaper.

    Gold bars are another popular option, and because they come in a variety of sizes, they can accommodate a range of investors. Large investments may best be made in bars since bigger sizes are available. Further, it is often easier to manage several large products than it is to manage an array of smaller gold items.

    When deciding on what to purchase, gold buyers will want to keep their plans for selling in mind. For example, large products may be more difficult and thus slower to sell, meaning it could be harder to take advantage of gold price movements or convert it to cash in an emergency. Individuals making ongoing or significant investments may therefore want to consider purchasing gold in various weights to give them versatility.

    Click here to learn more about physical gold as an investment.

    Click here to learn what moves the gold price and the highest price for gold is.

    2. How to use gold ETFs as a hedge

    One of the common ways investors add gold as a hedge is through investing in a gold exchange-traded fund (ETF), which trade on a stock exchange just like equities. There are several kinds of gold ETFs, offering exposure to different aspects of the gold market. Gold ETFs can offer investors access to gold price movements by holding physical gold or the gold futures market through holding futures contracts. There are also gold ETFs focused on gold mining stocks, providing a more stable alternative to investing in individual gold stocks.

    It is important to keep in mind that investors who own gold ETFs do not own any physical gold — even gold ETFs that track physical gold generally cannot be redeemed for it, with the exception of the Vaneck Merk Gold ETF (ARCA:OUNZ). Nonetheless, gold ETFs are a good option for getting exposure to the precious metal without personally trading physical gold, gold futures or gold stocks.

    Click here for a list of five biggest gold ETFs and more information on gold ETFs.

    Click here for a list of top ASX-listed gold ETFs.

    3. How to use gold futures as a hedge

    A futures contract is an agreement to buy or sell gold on a date in the future for a price determined when the contract is initiated. In a gold futures transaction, two parties agree on a price, the amount of gold being purchased and the future delivery month.

    The futures market is often referred to as an arena for paper trading. The bulk of the activity is just that, as metal is not actually exchanged and settlements are made in cash. It allows investors to buy or sell gold as they want without management fees, and taxes are split between short-term and long-term capital gains.

    In some cases, the futures market can be an arena for purchasing physical gold. However, obtaining gold through the futures market requires a large investment and involves a list of additional costs. The process can be complicated, cumbersome and lengthy, which is why actually buying physical gold through futures is considered best for highly experienced market participants.

    Click here to learn more about gold futures.

    Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.

    This post appeared first on investingnews.com

    The Phoenix Mercury evened their WNBA semifinal series against the Minnesota Lynx with an 89-83 road victory on Tuesday, guaranteeing the series will go to a Game 4.

    Both Games 3 and 4 will be played at PHX Arena, and with Game 4 scheduled for Sunday, the Jonas Brothers have been forced to adjust and reschedule a date on their latest tour.

    The band of brothers was originally scheduled to perform at PHX Arena the evening of Sunday, Sept. 28, as part of The JONAS20 Hometown Tour.

    The Jonas Brothers will now instead perform on Monday, Sept. 29.

    Any tickets purchased for the original concert date will still be valid for the new date. If fans are unable to attend the concert on the new date, they will have the opportunity to request a refund, but it must be made by 7:30 p.m. Monday, according to the Arizona Republic, part of the USA TODAY Network. 

    The USA TODAY app gets you to the heart of the news — fastDownload for award-winning coverage, crosswords, audio storytelling, the eNewspaper and more.

    This post appeared first on USA TODAY