Anyone here holding palladium in their Gold IRA? Thinking of diversifying

Paul Hill

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Anyone here holding palladium in their Gold IRA? Thinking of diversifying

paul_hill🏆Advanced (250-500k)

about 6 hours ago

Key Takeaways

•My financial advisor, who specializes in precious metals IRAs, brought up palladium the other day as a way to further diversify.
•He was talking about its industrial demand, especially in catalytic converters, which is a big deal, but also mentioned its scarcity.
•For those of you who have palladium in your IRA, what's been your experience?

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Okay, so I've been running my Gold IRA for a while now, sitting pretty with a good chunk of physical gold and some silver, mostly Eagles and Maple Leafs since I like knowing exactly what I've got. I'm based in SLC, and my portfolio is somewhere in the high 300s right now, feeling pretty good about how it's performed, especially with all the craziness in the markets lately.

My financial advisor, who specializes in precious metals IRAs, brought up palladium the other day as a way to further diversify. I've always thought of my Gold IRA as a hedge against inflation and market volatility, and adding platinum group metals makes sense on paper for that. He was talking about its industrial demand, especially in catalytic converters, which is a big deal, but also mentioned its scarcity. The thought of adding it to my holdings is interesting, but I'm a bit hesitant given the price swings, and honestly, don't know as much about palladium as I do gold or even silver.

For those of you who have palladium in your IRA, what's been your experience? Did you go with bars, coins, or both? I'm curious about the liquidity if I ever needed to sell, and what kind of premiums you typically see compared to gold or silver. Is the industrial use case strong enough to warrant a significant position, or is it more of a speculative play? Just trying to get a feel for how others are approaching this before I pull the trigger. Any insights would be super helpful!

4 comments

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Best Answer▲ 6 upvotes

susan_clark💰Established (100-250k)

Hey, that's a smart move to consider diversifying! Palladium can be pretty volatile, but it definitely has its place. Just a quick heads-up on the IRA side for specific products: make sure whatever palladium coins or bars you're looking at meet the IRS purity standards (.9995 fineness generally). Some common ones like Canadian Palladium Maple Leafs or American Palladium Eagles are usually good to go.

You might find this IRS resource helpful for approved precious metals in an IRA: https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-iras-investing-in-collectibles-and-iras-owning-s-corporation-

Comments (4)

helen_turner💰Established (100-250k)Real Investor•less than a minute ago

Hey, totally get where you're coming from. I actually did something similar a few years back. My precious metals IRA was mostly gold and silver, but I decided to add some palladium after reading up on its industrial demand. It's been a pretty interesting ride, definitely added a different dynamic to the portfolio. Not gonna lie, the price swings can be wild sometimes! Good luck with whatever you decide!

paul_hill🏆Advanced (250-500k)Real Investor✓ Verified•less than a minute ago

Interesting! You mentioned mostly Eagles and Maple Leafs for your gold and silver. For the palladium, are you thinking of sticking to similar government-minted coins, like maybe Canadian Palladium Maples, or considering bars for that?

dorothy_lopez💰Established (100-250k)Real Investor•less than a minute ago

Hey, interesting thought on the palladium! While diversification is always smart, I'd personally be a bit cautious about loading up on palladium right now, especially for a retirement account. It's had a wild ride in recent years, and the industrial demand can be pretty volatile. Gold and silver feel like a safer bet for stability in an IRA, even if the short-term gains aren't as dramatic. Just my two cents!