Anyone actually putting Palladium in their Gold IRA?
- •Okay, so I've been doing a ton of research lately looking into diversifying my Gold IRA.
- •Mostly holding physical gold and some silver, you know, the usual suspects.
- •But palladium keeps popping up in my feeds and when I'm reading articles.
Okay, so I've been doing a ton of research lately looking into diversifying my Gold IRA. I'm a young professional here in Charleston, just getting started with my retirement planning, and I've managed to put about $25k into my self-directed IRA so far. Mostly holding physical gold and some silver, you know, the usual suspects.
But palladium keeps popping up in my feeds and when I'm reading articles. I know it's a PGM, has industrial uses, and can be pretty volatile. I'm looking for some real-world input here. Is anyone actually allocating a portion of their Gold IRA to palladium? Like, a small percentage, maybe just to test the waters?
I understand the arguments for it as an inflation hedge and a store of value, similar to gold, but the price swings seem a bit wilder. I'm talking about buying actual palladium coins or bars, not some ETF. My thinking is to maybe put 5% of my current $25k into palladium, so like $1250, just to get some exposure. Is that completely bonkers? Am I overthinking this for such a small allocation?
I'd love to hear from anyone who's actually done this or seriously considered it. What were your pros and cons? Any regrets? Or did it turn out to be a savvy move? Thanks for any insights!