Anyone consider palladium for their IRA? Thinking about
- •Okay, so I've been doing a ton of research lately into my Gold IRA, and obviously, gold and silver are the mainstays.
- •I've got a decent chunk of change in there, about $75k, mostly in Eagles and Maples.
- •I'm relatively new to this whole Gold IRA game – just opened it about 18 months ago – and honestly, I'm still learning a ton.
Okay, so I've been doing a ton of research lately into my Gold IRA, and obviously, gold and silver are the mainstays. I've got a decent chunk of change in there, about $75k, mostly in Eagles and Maples. I own a small custom cabinetry business here in Denver, and things have been pretty good, so I’m looking at diversifying a bit within the precious metals space. I'm relatively new to this whole Gold IRA game – just opened it about 18 months ago – and honestly, I'm still learning a ton.
Lately, I keep seeing palladium pop up as an option for IRAs. I know it's a bit more industrial than gold or silver, used in catalytic converters and stuff, which gives it a different demand driver. The price has been all over the place, which is a little scary, but the potential upside seems intriguing. Has anyone here actually added palladium to their IRA? What was your thought process? Did you go with coins or bars? I'm trying to figure out if it's a smart play for a portion of my portfolio or if I should just stick to the traditional gold and silver.
My biggest concern is volatility, especially since it's a smaller market than gold. I mean, I’m building this nest egg for retirement, not looking to gamble it away. Also, thinking ahead to when I eventually need to take distributions, I’ve been messing around with that RMD Calculator from Gold IRA Blueprint to get a handle on what those required minimum distributions will look like. I'm wondering if a more niche metal like palladium might be harder to liquidate quickly or at a good price when that time comes compared to, say, a common gold Eagle. Any insights on liquidity for palladium in an IRA would be super helpful. Thanks!