Anyone else thinking about palladium for recession proofing?
- •I’ve been eyeing palladium pretty hard lately, thinking about adding it to my Gold IRA.
- •Right now I’m sitting on about $75k in gold and some silver , really wanting to diversify that a bit more.
- •It’s not just a speculative play for me, it's about holding something with real utility.
I’ve been eyeing palladium pretty hard lately, thinking about adding it to my Gold IRA. Right now I’m sitting on about $75k in gold and some silver, really wanting to diversify that a bit more. With all the talk about a looming recession – and honestly, just seeing how things are going, especially out here in Fresno with the agriculture market – it feels like a really smart move to bulk up on tangible assets. This isn't theoretical for me; my family's business relies on tangible assets, and I've seen firsthand how important it is to have things you can touch when the world gets squirrely.
I’ve been reading up on palladium's industrial demand, particularly in catalytic converters, and it just seems like it has good fundamentals even if the economy goes south. It’s not just a speculative play for me, it's about holding something with real utility. I've heard some talk about palladium being more volatile than gold, but honestly, at this point, I'm okay with a bit more risk for the potential upside. My main goal is capital preservation and maybe even some growth during a downturn, not just breaking even.
My Gold IRA is still pretty young, only about four years old, but it’s already given me a lot of peace of mind. I started it after seeing my father's portfolio take a hit in '08, and he was too heavy in stocks. I’ve always been a believer in real assets, probably because of my background in ag. I think the next big move for me is to allocate maybe 10-15% of my current metals portfolio into palladium. Does that sound reasonable or too aggressive?
I also stumbled across that Silver vs Stocks tool on Gold IRA Blueprint (https://silvervsstocks.goldirablueprint.com/?period=10Y) the other day, and it really opened my eyes to how much difference even silver can make compared to just straight equities over the long haul. It got me thinking harder about all the precious metals and how they perform during different economic cycles. What are your thoughts on palladium right now? Are any of you guys in a similar boat, looking to add it to your IRA, and if so, what kind of allocation are you considering?