Custodian hunt for my Palladium IRA - who do you guys use?

Steven Mitchell

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💠 Palladium IRA

Custodian hunt for my Palladium IRA - who do you guys use?

steven_mitchell🏆Advanced (250-500k)

2 days ago

Key Takeaways

•Alright, so I’m looking to diversify a chunk of my retirement savings and after a lot of research, I’m pretty set on adding palladium to my IRA.
•I’ve already got a good bit in gold and silver, but the palladium market looks interesting right now.
•My financial advisor even gave it a nod, though he's more of a traditional equities guy.

See what your 401(k) could look like in gold

Alright, so I’m looking to diversify a chunk of my retirement savings and after a lot of research, I’m pretty set on adding palladium to my IRA. I’ve already got a good bit in gold and silver, but the palladium market looks interesting right now. My financial advisor even gave it a nod, though he's more of a traditional equities guy.

My Gold IRA is with Augusta Precious Metals and they’ve been great for that, but it seems like not all custodians are created equal when it comes to palladium specifically. I’m especially keen on finding someone reputable who deals with the actual physical metal, not some ETF. Being in Cleveland, I definitely appreciate the tangibility of hard assets. We literally build things here, so the idea of owning something real really resonates.

I'm probably looking to allocate around $50k-$75k of my portfolio into palladium to start. For those of you who have palladium IRAs, who are you using as a custodian? What’s been your experience with their fees, storage options, and overall customer service? Are there any hidden gotchas I should be aware of? I want to make sure I'm not just jumping at the first option that pops up.

Any and all recommendations or warnings would be super helpful. Trying to avoid any headaches down the line with this next leg of my diversification journey.

3 comments

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Best Answer▲ 9 upvotes

matthew_murphy👑Elite (1m-5m)

Palladium, interesting choice! While it's definitely got its industrial uses, I'd be a little cautious putting too much into a single, less common precious metal for retirement. The liquidity can be a big factor if you ever need to sell quickly, especially compared to gold and silver. Have you thought about how easy it would be to offload if the market takes a dip?

Comments (3)

margaret_chen🏆Advanced (250-500k)Real Investor•1 day ago

Totally feel this! I went through a similar hunt for a custodian for my platinum IRA a while back. It's wild how some places are super knowledgeable about gold/silver but get a bit deer-in-headlights with the other PGM's. Ended up going with [redacted - not sure if allowed to name drop, but they were great!] because they had a solid system for all precious metals, not just the usual suspects. Good luck with the search!

janet_cook📊Growing (50-100k)•1 day ago

Interesting! It sounds like you're pretty invested in the palladium market. When you say your financial advisor "gave it a nod," did he mention any specific custodians or just generally approve of the idea?