Gold hitting new highs – what now for Palladium guys?
- •Well, what a few weeks this has been!
- •Gold ripping through its old all-time highs like it was nothing.
- •My Gold IRA is looking quite healthy right now, let me tell you.
Well, what a few weeks this has been! Gold ripping through its old all-time highs like it was nothing. I know a lot of you on this sub, myself included, have been heavily invested in the precious metals space for years, and it's certainly validating to see this kind of action. My Gold IRA is looking quite healthy right now, let me tell you. I first started building up my allocation back in '08, saw the run-up then, and have been steadily adding ever since. I'm probably sitting on something like 20-25% of my portfolio in physical metals now, spread across gold, silver, and some palladium. It’s been a great hedge, especially through these last few turbulent years.
My big question for the forum, especially those of us with significant palladium holdings, is what are your thoughts on its trajectory now? Gold breaking records naturally gets everyone's attention, but palladium has been a bit more volatile lately. I got into palladium a few years back for its industrial demand story and the supply constraints from Russia. Saw some truly spectacular gains with it, but it’s corrected a bit. With gold surging, does that pull palladium along, or does its industrial demand component mean it’s more tied to the broader economic outlook?
I’m constantly re-evaluating my positions, as any good investor should. When I’m looking at these kinds of trends, I often use tools like that “Silver vs Stocks” comparison on Gold IRA Blueprint (https://silvervsstocks.goldirablueprint.com/?period=10Y) – switching it to gold really puts things in perspective over the long haul. It helps me cut through the noise and look at the fundamental performance. But palladium is a different beast.
So, for all you seasoned investors here, particularly those based in places like Palm Beach where the conversations around preserving wealth are constant – what's your take? Are you holding palladium, adding to it, or perhaps rotating some gains into something else? Curious to hear some real-world strategies and perspectives.