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    Anyone else seeing crazy palladium premiums right now? Custodian reccos for IRA?

    J
    Key Takeaways
    • Okay, so I've been eyeing adding more palladium to my Gold IRA for a while now, especially with how the auto industry is starting to rebound.
    • I’m talking 20-30% over spot for 1 oz bars.
    • It feels like everyone decided to pile in simultaneously.
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    Okay, so I've been eyeing adding more palladium to my Gold IRA for a while now, especially with how the auto industry is starting to rebound. I run a jewelry store here in Providence, so I'm pretty familiar with precious metal spot prices and premiums, but the spreads I'm seeing for physical palladium right now are just insane. I’m talking 20-30% over spot for 1 oz bars. It feels like everyone decided to pile in simultaneously.

    My current custodian is kind of a mixed bag. They're good with gold and silver, but their palladium options are limited, and the premium they're charging on top of the already high dealer premium is just making my eyes water. I've got about $70k in my IRA right now, mostly gold, but I want to get at least another $10-15k into palladium this year. I'm trying to diversify a bit more.

    So, my question for the group is, who are you guys using for your Palladium IRAs? Are you seeing similar premium issues, or has your custodian hooked you up with better deals? I understand there's always a premium, but this feels excessive, and I'm wondering if I should be shopping around for custodians specifically for palladium. I'm looking for someone with a good selection of IRA-approved bars (PAMP, Credit Suisse, etc.) and, honestly, lower overall costs.

    Any recommendations or warnings about specific custodians would be super helpful. Are there any that specialize more in the platinum group metals? I'm debating whether it's worth the hassle of transferring a portion of the IRA just for palladium, but if the savings are significant, it might be. TIA!

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    6 comments

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    Best Answer▲ 18 upvotes
    D
    donald_nelson💎Premium (500k-1m)

    Palladium, huh? I remember back in '08, everyone was piling into platinum, and I almost did too. Ended up going with gold and silver for my initial IRA diversification, and honestly, it felt like a safer bet long-term. Even then, the spread on platinum/palladium felt a bit wild compared to the more established bullion. For custodians, I've had a solid experience with Augusta Precious Metals for my Gold IRA. Their fees structure was transparent from the get-go, which was a big deal for me after getting burned by hidden charges on a previous investment that shall remain nameless. They handle all the storage and paperwork without a fuss, which is exactly what I need – a hands-off approach that just works.

    Comments (6)

    1
    robert_thompson💰Established (100-250k)Real Investor✓ Verifiedabout 2 months ago

    Yeah, I've definitely noticed the palladium premiums too! Had some in my IRA for a while now, and was thinking of adding more in a different custodian to diversify, but those current prices are making me hesitate. It's wild out there.

    3
    margaret_chen🏆Advanced (250-500k)Real Investorabout 2 months ago

    Totally! The palladium premiums are wild right now. You mentioned you run a jewelry store – are you seeing this reflected in the prices you're getting from your suppliers for raw palladium for your jewelry pieces too, or is this primarily a bullion/investment product thing?

    5
    jennifer_martinez💰Established (100-250k)Real Investor✓ Verifiedabout 2 months ago

    It's interesting you're looking at palladium right now. While I get the rebound play for the auto industry, I've been a bit more cautious on it given the volatility compared to gold or silver. The geopolitical stuff in Eastern Europe could definitely spike it, but it also feels like a prime candidate for some pretty sharp corrections if things stabilize. Just something to consider beyond the premiums, which, yeah, are pretty wild.

    7
    frank_rivera💎Premium (500k-1m)Real Investorabout 2 months ago

    Yeah, palladium premiums are definitely wild right now. It's tough to justify some of those spreads, even with the industrial demand.

    Since you're looking for custodian reccos, I'd suggest checking out Forbes Advisor's list of best Gold IRA companies. They break down a lot of the fees, storage options, and customer service ratings, which can be super helpful when you're comparing. Might save you some digging!

    10
    gary_stewart📊Growing (50-100k)about 2 months ago

    The palladium premiums are indeed eye-watering. My local dealer here in Fresno was quoting me something like 30% over spot for a 1oz coin last week – absolutely insane. Honestly, at that point, you're not really investing in palladium; you're investing in the *hope* that someone else will pay an even crazier premium later. Sticking to gold and silver for my IRA, especially with Advantage Gold Custodian; their fees have been reasonable and their customer service responsive.

    18
    donald_nelson💎Premium (500k-1m)Real Investor✓ Verifiedabout 2 months ago

    Palladium, huh? I remember back in '08, everyone was piling into platinum, and I almost did too. Ended up going with gold *and* silver for my initial IRA diversification, and honestly, it felt like a safer bet long-term. Even then, the spread on platinum/palladium felt a bit wild compared to the more established bullion. For custodians, I've had a solid experience with Augusta Precious Metals for my Gold IRA. Their fees structure was transparent from the get-go, which was a big deal for me after getting burned by hidden charges on a previous investment that shall remain nameless. They handle all the storage and paperwork without a fuss, which is exactly what I need – a hands-off approach that just works.

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