Finally seeing some real gains with my metals, but what's
- •Anyone else feel that way?
- •I remember back in '18, '19, it was just steadily doing its job, which I appreciated.
- •But man, the last year or so, especially with everything going on, it’s really taken off.
Been quietly chugging along with my gold IRA for a while now, and honestly, for the first few years, it felt more like a "preserve purchasing power" thing than a "get rich" thing. Anyone else feel that way? I remember back in '18, '19, it was just steadily doing its job, which I appreciated. But man, the last year or so, especially with everything going on, it’s really taken off. My portfolio is sitting pretty close to the top end of that $500k-$1M range now, and a decent chunk of that growth is undeniably from my physical gold holdings. Feels good to finally see that payoff after being in the dairy biz my whole life and seeing how little things can fluctuate.
My advisor convinced me to sprinkle in some platinum and palladium a few years back – said it was good diversification from just gold. Platinum's been a solid performer, no complaints there. But palladium... that's the one I'm a bit torn on right now. It had such a crazy run-up, and while it's still way up from where I bought it, it's definitely had its ups and downs. I’m thinking about its role in catalytic converters and how that might shift with EVs. Are we facing a slow decline or will industrial demand keep it afloat?
I’m not looking to dump it all, but I'm legitimately curious about what others are doing with their palladium. Is anyone actively trading it, or is it more of a "buy and hold hoping for another surge" situation for most of you? My advisor thinks it still has legs, but I'm a Midwesterner, and I like to see things with my own eyes, you know? Just trying to get a pulse on the general sentiment out there. What's the smart play for palladium in the next 3-5 years?