Palladium in the IRA - Anyone else diversifying beyond just gold/silver?

Kenneth Parker

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Palladium in the IRA - Anyone else diversifying beyond just gold/silver?

kenneth_parker💎Premium (500k-1m)

about 10 hours ago

Key Takeaways

•Been thinking a lot about my Gold IRA lately, specifically if I should be expanding beyond just gold and silver.
•I’ve got about 600k in the account, mostly in various gold and silver coins and bars.
•I'm 58, based in Memphis, and starting to put together the succession plan for my freight and logistics company over the next few years.

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Been thinking a lot about my Gold IRA lately, specifically if I should be expanding beyond just gold and silver. I’ve got about 600k in the account, mostly in various gold and silver coins and bars. I'm 58, based in Memphis, and starting to put together the succession plan for my freight and logistics company over the next few years. The idea of having a solid, tangible hedge against inflation and market volatility has always appealed to me, especially as I look towards retirement.

I’ve been reading up on palladium and its industrial demand, especially in catalysts. It seems like a decent play, but I'm hesitant to jump in without hearing from others who have actual experience. The price movements can be pretty wild. Is anyone here holding palladium in their IRA? What's been your experience with it? Are the premiums a turn-off, or do you see enough upside potential to justify them?

My concern is always weighing the potential gains against the volatility and the storage fees. Gold and silver feel like a safe, steady boat, but palladium feels more like a speedboat – faster, but a bit more prone to tipping. Any particular custodians you’d recommend for palladium? Or any to absolutely avoid? Just trying to get a feel for whether it makes sense for someone in my situation, looking for long-term stability with a bit of growth, but not trying to hit a home run. Thoughts?

5 comments

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Best Answer▲ 9 upvotes

karen_robinson💼Starter (0-50k)

Hey, that's an interesting thought process, especially with your background in logistics. While palladium has had some wild rides, have you considered platinum at all? It's often overlooked compared to palladium but has industrial demand too, and sometimes you can find it at a bit of a discount to gold. Might be worth a look to diversify your "other metals" bucket.

Comments (5)

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

Totally get this! I actually added some palladium to my IRA last year for similar reasons. Didn't have nearly your balance (lucky you!), but I was also looking to diversify beyond the usual suspects. It felt like a smart move to spread things out a bit more.

I'm not in Memphis, but I'm also getting closer to retirement and constantly thinking about these long-term plays. Good to know others are considering palladium too!

joyce_cooper📊Growing (50-100k)✓ Verified•less than a minute ago

Interesting! So with $600k in the account already, and being 58, what's your current breakdown of gold to silver? Are you leaning more heavily into one over the other right now, or is it a pretty even split?

karen_robinson💼Starter (0-50k)•less than a minute ago

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

Hey, that's a smart move to consider diversifying! While gold and silver are timeless, adding a little palladium could definitely strengthen your portfolio. Just a heads up, not all custodians handle palladium, so double-check with yours. Also, the IRS has specific fineness requirements for precious metals in an IRA, so make sure any palladium you consider meets those standards. Here's a link to the IRS guidelines (Notice 98-61) for precious metals in IRAs if you want to dive into the specifics. Good luck with your planning!

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

Totally agree with this! Diversification is key, especially if you've got a good chunk saved up. I've been doing something similar with my own IRA, though not quite at 600k yet! I’ve got about 10% of my precious metals allocated to platinum and palladium. It's been a solid move for me, seeing some decent gains on the palladium side recently too.

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