Palladium in my IRA? Birmingham perspective.
- •Been thinking a lot about diversifying the precious metals sleeve of my IRA, specifically looking at palladium.
- •Got about $350k total in the self-directed IRA right now, and a decent chunk is already in physical gold and silver allocated through GoldIRAC .
- •The gold's been a rock, and the silver, while a bit more volatile, still feels like a good inflation hedge.
Been thinking a lot about diversifying the precious metals sleeve of my IRA, specifically looking at palladium. Got about $350k total in the self-directed IRA right now, and a decent chunk is already in physical gold and silver allocated through GoldIRAC. The gold's been a rock, and the silver, while a bit more volatile, still feels like a good inflation hedge.
My background is in steel, so I've always understood commodities and supply chains. Palladium's industrial demand, especially in catalytic converters, is what's really catching my eye. With the push for tighter emissions standards globally, that demand isn't going anywhere fast, even with the rise of EVs (they're still a ways off from fully replacing ICE, and hybrid catalytic converters still need PGMs). I know there are geopolitical risks with Russia being such a major producer, and that can swing prices wildly – we saw that with the recent volatility. But honestly, that's what makes it interesting to me as a hedge against other market uncertainties.
The question is, how much is too much? I'm not looking to go all-in, but maybe a 5-10% allocation could strengthen the overall resilience of the portfolio. Are any of you southern folks, or anyone with a similar background in heavy industry, comfortable with palladium's risk/reward in an IRA? What kind of custodian setups are people using for palladium? I've heard some custodians have higher fees for less common metals. Would love to hear some real-world experiences, good or bad.