Discussion about palladium in my IRA worth it discussion

Betty King

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Discussion about palladium in my IRA worth it discussion

betty_king📊Growing (50-100k)

about 1 hour ago

Key Takeaways

•Palladium in my IRA - worth it?
•I've been going back and forth on this for a while and honestly, I could really use some outside opinions.
•Right now, about 10% of our $80,000 IRA is in physical gold, stored locally here in Raleigh.

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Palladium in my IRA - worth it?

I've been going back and forth on this for a while and honestly, I could really use some outside opinions. My financial advisor, bless his heart, is great with the general stuff but when it comes to the nitty-gritty of precious metals beyond gold and silver, he's a bit less enthusiastic. My late husband was so passionate about precious metals, and keeping our investment portfolio strong, balanced, and diverse is really important to me, especially now that I'm managing it all on my own.

Right now, about 10% of our $80,000 IRA is in physical gold, stored locally here in Raleigh. It’s been a steady performer, and honestly, the peace of mind knowing it's there is huge. I’ve been looking at palladium and seeing some interesting things. It’s been pretty volatile, which makes me nervous, but also exciting in a way? I know it has significant industrial demand, especially in catalytic converters, which seems like a more tangible future than just market sentiment for gold sometimes. I'm trying to honor my husband's legacy by being smart and proactive, not just staying stagnant.

My main question is, for someone with my portfolio size and general cautious but growth-oriented approach, is adding palladium to my IRA a smart move? I'm thinking maybe 5% of my overall IRA, so like $4,000 to $5,000. Is that enough to even make a difference, or just enough to get caught in the fees? Are there specific types of palladium coins or bars that are better for an IRA? I've heard some things about premiums being high, and that's a concern for me.

For those of you who have palladium in your IRA, what's your experience been like? Have you seen the kind of diversification benefits people talk about? Any pitfalls I should be extra aware of? I’m here to learn and make the best decision for our future. Thanks in advance for any wisdom you can share.

3 comments

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Best Answer▲ 10 upvotes

timothy_reed💎Premium (500k-1m)

Interesting thought process, OP. While I get the appeal of diversification, especially with something like palladium that has industrial uses, I'd be a bit cautious about putting it in an IRA. It's notoriously volatile, and while that can mean big gains, it can also mean big losses, which isn't exactly ideal for a retirement account where stability is usually key.

Have you looked into the bid-ask spreads for palladium specifically for IRA-approved coins or bars? Sometimes the markups can really eat into your potential returns, making it even harder to justify for a long-term hold in a tax-advantaged account. Just something to consider before diving in.

Comments (3)

william_davis💎Premium (500k-1m)Real Investor•less than a minute ago

I hear you on this! I went through a super similar debate a few years back with platinum. My advisor was also pretty meh on it, basically just sticking to the standard gold/silver spiel. I ended up putting a small percentage in, mostly because I liked the idea of diversifying beyond the two big ones and the industrial demand seemed solid. So far, it's been a mixed bag, but nothing crazy good or bad. Interested to see what others say about palladium specifically!

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

Hey, interesting post! When you say your advisor is "a b" with precious metals beyond gold and silver, do you mean he's just not super knowledgeable, or is he actually against investing in palladium for some reason?