Gold just hit ATH, but I'm looking at Palladium for my IRA. Anyone else?

Janet Cook

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Gold just hit ATH, but I'm looking at Palladium for my IRA. Anyone else?

janet_cook📊Growing (50-100k)

less than a minute ago

Key Takeaways

•Okay, so gold just blew past $2300, which is fantastic news for my Gold IRA.
•As a jewelry store owner here in Providence, I live and breathe precious metals, so it just made sense to diversify into them for my own future too.
•I've been seriously eyeballing palladium lately.

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Okay, so gold just blew past $2300, which is fantastic news for my Gold IRA. I’ve been holding a pretty significant chunk of my retirement savings in gold for years now – probably around 60k is in physical gold in that account. As a jewelry store owner here in Providence, I live and breathe precious metals, so it just made sense to diversify into them for my own future too. But with gold on such a tear, I'm starting to wonder if it's the right move to keep adding more, or if there's a better play right now for my precious metal IRA contributions.

I've been seriously eyeballing palladium lately. I know it's had a rough couple of years, but when I look at the long-term charts and the supply/demand fundamentals, especially with the auto industry starting to recover, it feels like it could be a really interesting contrarian bet. I'm thinking of diverting my next chunky contribution to my IRA – probably another $10k or so I've been saving up – into palladium instead of more gold. I already have a tiny bit of platinum in there, but palladium feels like it has more upside potential from these depressed levels.

My concern, of course, is that auto demand might not bounce back as strongly as I hope, and the Russian supply situation remains a wild card. But the current price just feels... cheap, compared to gold and platinum on a historical basis. Does anyone else in here who holds a precious metals IRA feel the same way? Are you guys buying more gold after this ATH, or are you looking for other plays within the metals sector?

What are your thoughts on palladium specifically for an IRA right now? Am I crazy to be thinking of moving into something that's been in a downturn while gold is flying high, or is this exactly the kind of move a smart investor should be making? Really curious to hear some other perspectives on this, especially from those who have experience with palladium in their retirement accounts.

5 comments

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Best Answer▲ 9 upvotes

andrew_roberts👑Elite (1m-5m)

That's an interesting pivot! I'm curious, as someone who lives and breathes precious metals, what specifically about palladium is making you eye it over other options for your IRA right now, especially with gold at an ATH? Is it purely a diversification play, or something else?

Comments (5)

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

Totally get this. I've been eyeing platinum for similar reasons. Did the Gold IRA thing for a while, and while it's been great, the diversification bug definitely bites hard when you see other metals doing their thing. Palladium is an interesting play, especially with industrial demand. Good luck with whatever you decide!

andrew_roberts👑Elite (1m-5m)Real Investor✓ Verified•less than a minute ago

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

Honestly, with gold at all-time highs, it feels like the momentum is still there. Palladium's appeal is undeniable for sure, but sometimes the safest bet is to ride the wave that's already crashing. Just something to consider!

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

That's an interesting move! Palladium has definitely had some wild swings. While gold is the classic for a reason, diversifying with other precious metals in an IRA can be a smart play for sure. Have you looked into the specific storage and assay requirements for palladium with your IRA custodian? Sometimes they can be a bit different than gold or silver, especially for physical.

Here's a decent article I found a while back that breaks down some of the pros and cons of palladium specifically for an IRA. Might be worth a quick read if you haven't seen it: https://www.goldandsilverstandard.com/palladium-ira-complete-guide/

gary_stewart📊Growing (50-100k)•less than a minute ago

Totally agree, it's wild seeing gold at these levels. Been holding for a while myself and it’s been a good ride.

I'm in a similar boat, actually. Been eyeing palladium for my IRA for a bit now too, especially since it's pulled back from its highs. Diversification within precious metals just makes sense, right? Plus, the industrial demand for palladium is always an interesting factor. Good luck with whatever you decide!

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