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    Palladium in the IRA - anyone else thinking about this?

    P
    Key Takeaways
    • My concern is the volatility.
    • Gold and silver, while they have their swings, feel a bit more...
    • Palladium had that crazy run up a few years ago, then a pretty sharp correction.
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    Been seeing a lot of chatter lately on palladium, and honestly, it's got me wondering if I should be diversifying my Gold IRA a bit more beyond just the usual suspects. I'm sitting on a pretty decent chunk right now, probably in the low end of the $250-500k range, mostly in physical gold and some silver, all held securely down in a vault. My advisor, who's usually pretty on the ball with precious metals, has mentioned it in passing but we haven't really deep dived into it for my portfolio specifically.

    My concern is the volatility. Gold and silver, while they have their swings, feel a bit more... predictable. Palladium had that crazy run up a few years ago, then a pretty sharp correction. For someone like me in Salt Lake City, focused on long-term growth and capital preservation rather than trying to time the market perfectly, that kind of price action gives me pause. Is it worth the risk for potential upside, or better to stick with the tried-and-true?

    I know some advisors out there specialize in gold IRAs and might have a different perspective. Assuming I'm already pretty well-covered with gold and silver, is there a compelling argument for adding palladium to an IRA for someone in my position? What percentage of a precious metals IRA would you even consider allocating to palladium? And for those who do have it, what's been your experience, good or bad? Just trying to get a feel for what the community thinks.

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    5 comments

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    Best Answer▲ 8 upvotes
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    michael_anderson🏆Advanced (250-500k)

    Interesting thought! So when you say "chatter," are you specifically referring to price movements, or more about its industrial applications and how that might impact its long-term value in an IRA?

    Comments (5)

    3
    joyce_cooper📊Growing (50-100k)✓ Verifiedless than a minute ago

    Totally! I've been eyeing palladium too. My IRA is a good bit smaller, but I was in a similar boat with just gold and silver. Ended up pulling the trigger on some palladium last year and so far, no regrets. It's definitely an interesting option for diversification.

    8
    michael_anderson🏆Advanced (250-500k)Real Investorless than a minute ago

    Interesting thought! So when you say "chatter," are you specifically referring to price movements, or more about its industrial applications and how that might impact its long-term value in an IRA?

    7
    michael_anderson🏆Advanced (250-500k)Real Investorless than a minute ago

    Interesting thought, OP. While diversification is generally good, I'm a bit more skeptical about palladium in an IRA specifically. The market can be pretty volatile, and while it's had its moments, it's also seen some pretty sharp drops. Plus, liquidity can be a concern if you ever needed to sell quickly.

    For an IRA, where long-term stability and ease of liquidation often take precedence, I'd personally lean towards sticking with the more established precious metals. Just something to consider!

    7
    karen_robinson💼Starter (0-50k)less than a minute ago

    Hey, interesting thought on palladium! It's definitely an intriguing metal right now. Just a quick heads up – while you're looking into diversifying, make sure you're working with a custodian who specifically handles palladium for IRAs. Not all of them do, and the rules around purity can be pretty strict. I found this IRS-approved precious metals list pretty helpful when I was first setting up my account. Good luck!

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    jason_morgan💰Established (100-250k)Real Investor✓ Verifiedless than a minute ago

    Totally agree with you man, been having similar thoughts. It's smart to look beyond just gold and silver, especially with how volatile things can get. I actually just added a small amount of palladium to my IRA last quarter, maybe 5% of my precious metals holdings. It’s not much, but it felt good to diversify a bit more.

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