Gold vs. Silver allocation - thinking about adding palladium too?
- •Been wrestling with this for a while now and wanted to get some outside perspective.
- •My Gold IRA is sitting around $350k right now, mostly in gold.
- •My family’s always been about generational wealth, low risk, and physical assets – makes sense given our background in timber.
Been wrestling with this for a while now and wanted to get some outside perspective. My Gold IRA is sitting around $350k right now, mostly in gold. My family’s always been about generational wealth, low risk, and physical assets – makes sense given our background in timber. Gold just felt like the obvious choice for stability, especially with everything going on these days. But I've been eyeing silver more and more, and I'm wondering if I'm under-allocated there.
Currently, I'm probably 85/15 gold to silver. My dad always said gold is the king, end of story. But when I look at the industrial demand for silver, the lower price point, and the potential for greater upside movement, it's hard to ignore. I'm not looking to get rich quick, but I also don't want to leave potential gains on the table if silver truly takes off. I’m thinking about rebalancing closer to 70/30 or even 60/40, but the idea of shifting such a significant amount of my portfolio makes me a little nervous, especially since I'm trying to grow this for my own kids someday.
And to complicate things further, I've seen some chatter about palladium lately. I know it's a much smaller market, but the supply/demand dynamics seem interesting. Given I'm already in precious metals, would it be too much to consider adding a small position in palladium to my IRA? Maybe 5%? I'm based out here in Spokane, and while we're not exactly a financial hub, I've got a good advisor to bounce ideas off, but I value the collective wisdom here. Anyone made a significant shift from gold to silver recently and have any regrets (or triumphs)? And for those with palladium, how has that performed for you?