Palladium in the IRA - anyone else thinking about this?
- •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.
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.