Considering Palladium for my IRA?

Mark Adams

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Considering Palladium for my IRA?

mark_adams👑Elite (1m-5m)

about 11 hours ago

Key Takeaways

•My financial advisor keeps nudging me to diversify out of just G&S, specifically into palladium.
•For those of you who have palladium in your IRA, what's your rationale?
•Are you looking for capital appreciation primarily, or do you see it as more of a hedge against something specific?

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Alright, so I’ve been heavily weighted towards gold and some silver in my IRA for a while now, probably around 15% of my overall portfolio in these metals. My financial advisor keeps nudging me to diversify out of just G&S, specifically into palladium. I'm based in Greenwich, for context, and manage a long-short equity fund, so I'm pretty comfortable with risk, but metals are a different animal for me.

My Gold IRA alone is pushing seven figures at this point, mostly Eagles and Krugerrands, and I’m just wondering if palladium actually makes sense from a long-term retirement savings perspective. I understand the industrial demand aspect, especially with automotive catalysts, but the price swings seem significantly more volatile than gold or even silver sometimes. I got some good gains from a speculative palladium play back in 2018-2020 which was great, but that was just loose cash, not my core retirement holdings.

For those of you who have palladium in your IRA, what's your rationale? Are you looking for capital appreciation primarily, or do you see it as more of a hedge against something specific? I’m thinking about allocating maybe 100-200k to it initially, maybe buying some PIMs (Palladium American Eagles, or just bars if Eagles are too pricey/hard to find). Is it worth the relatively higher premiums and lower liquidity compared to gold?

Any thoughts from folks who've actually pulled the trigger on this, especially for a significant portion of their metals allocation within an IRA? Or am I just overthinking it and should stick to the tried and true gold and silver?

3 comments

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Best Answer▲ 10 upvotes

carol_carter💰Established (100-250k)

Interesting thought process, given Palladium's recent movements. While diversification is generally good, I'd be a little cautious jumping into palladium right now, especially if it's based solely on an advisor's nudge. Gold and silver have a much longer, more established track record as stores of value, whereas palladium can be a bit more volatile and tied to industrial demand. Just something to consider before making a big switch.

Comments (3)

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

Hey, I hear you on this! My advisor gave me the same nudge a few months back. I was all gold and silver, and felt pretty comfortable there, but he really pushed for palladium. Ended up dipping my toes in, just a small percentage, and it’s been interesting to watch. Definitely added a new dynamic to the portfolio, though I'm still mostly precious metals. You're not alone in weighing this decision!

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

Interesting! When your advisor mentioned palladium, did they elaborate on *why*? Like, what specific market trends or industrial demand are they pointing to that makes it a good diversification play right now, especially compared to platinum?