5 Years with a Palladium IRA - My Thoughts & Returns (Detroit Retiree)

Donald Nelson

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5 Years with a Palladium IRA - My Thoughts & Returns (Detroit Retiree)

donald_nelson💎Premium (500k-1m)

about 2 months ago

Key Takeaways

•Thought I'd share my experience with Palladium (PALL) in a self-directed IRA over the last five years.
•As some of you know from my other posts, I've had gold in my portfolio for over two decades, pretty much since I was still on the line at Ford.
•It felt like a good diversification move from my traditional gold holdings, which were already substantial.

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Thought I'd share my experience with Palladium (PALL) in a self-directed IRA over the last five years. As some of you know from my other posts, I've had gold in my portfolio for over two decades, pretty much since I was still on the line at Ford. About five years ago, after seeing the run-up in palladium prices and knowing its industrial uses, especially in the auto industry (which I'm obviously familiar with), I decided to move about $250k into a Palladium IRA. It felt like a good diversification move from my traditional gold holdings, which were already substantial.

The journey has been... interesting. The first couple of years were incredible. I remember looking at my statements and thinking I was an absolute genius. We're talking 30-40% gains in some quarters. My initial $250k easily climbed to well over $350k, maybe even touching $400k at one point. It felt like walking on air, especially as a retiree in Detroit, where every dollar counts. I was picturing those European vacations my wife and I always dreamed about, not just the usual trip to the cottage up north.

Then, obviously, things took a turn. The last year or two have been a bit of a rollercoaster, mostly downhill. As of my last statement, that $250k is probably sitting around the $280-290k mark. So, technically, I'm still up, but it's a far cry from the peak. It's a reminder that even precious metals have their volatile periods. I'm not panicking, my gold holdings are still solid, and this was always a smaller, more speculative portion of my overall ~750k retirement portfolio. But it does make you think about allocation.

I'm holding long-term, no plans to sell, especially with the auto industry slowly bouncing back. What are other folks' experiences with palladium? Has anyone seen similar swings, or am I just particularly exposed? Any insights on where you see palladium heading in the next 5-10 years, especially with EV adoption picking up?

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7 comments

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Best Answer▲ 17 upvotes

betty_king📊Growing (50-100k)

Ngl I came here expecting the usual affiliate spam but the discussions are actually decent. Way better info than what I was getting from my old advisor.

Comments (7)

christopher_young🌟Ultra (5m+)Real Investor✓ Verified•about 2 months ago

Dude, I can totally relate to this. Not with palladium specifically, but I dipped my toes into a platinum IRA a few years back, largely because I was seeing some good buzz around it and felt like it was less talked about than gold/silver. The returns haven't been earth-shattering, but it's held its own and added some nice diversification. Always good to hear other peoples' experiences with the less common precious metals!

gary_stewart📊Growing (50-100k)•about 2 months ago

Hey, appreciate you sharing your experience! That's a pretty interesting move going with palladium especially with your long history in gold. I'm curious, did you ever consider platinum at all during that time, or was it specifically palladium that caught your eye back then?

elizabeth_johnson💰Established (100-250k)Real Investor✓ Verified•about 2 months ago

Interesting read! Glad to hear the palladium IRA has worked out for you. While the returns can be tempting, I've always been a bit more cautious about palladium for a primary IRA holding due to its volatility and industrial demand being such a huge factor. Gold's stability and historical role as a safe haven just feel more... well, safe, for retirement savings, especially with the ups and downs we've seen. Diversification is key though, so if it's a small part of your overall metals, that makes sense.

maria_campbell📊Growing (50-100k)✓ Verified•about 2 months ago

Hey, super interesting to hear about your PALL experience! Five years is a solid run to evaluate it.

For anyone else looking into precious metals IRAs, specifically palladium, don't forget to double-check the storage fees and liquidity options from different custodians. Sometimes those details can eat into gains, especially with less common metals. A quick search for "palladium IRA storage fees comparison" can save you some headaches down the line!

mark_adams👑Elite (1m-5m)Real Investor•about 2 months ago

Dude, totally agree. Palladium has been a dark horse these last few years. My dad actually bought a bunch in his IRA back in '17, just on a whim he said, after reading some article. He's up like 65% on that portion. He's kicking himself he didn't put more in, haha.

catherine_bell🏆Advanced (250-500k)Real Investor•29 days ago

I rolled over about $80k last year. Honestly the hardest part was just picking which metals to hold. Still second-guessing myself.

betty_king📊Growing (50-100k)•29 days ago

Ngl I came here expecting the usual affiliate spam but the discussions are actually decent. Way better info than what I was getting from my old advisor.

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