Palladium in an IRA? What are your thoughts folks?

Karen Robinson

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Palladium in an IRA? What are your thoughts folks?

karen_robinson💼Starter (0-50k)

less than a minute ago

Key Takeaways

•Okay, so I just opened a Gold IRA a few months back – super excited to get this going.
•I'm a teacher here in Columbus, and with only about $10k in there right now, I'm really trying to make every dollar count.
•My initial thought was to stick to the classics, but the recent price action in palladium has me wondering if I’m missing an opportunity here.

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Okay, so I just opened a Gold IRA a few months back – super excited to get this going. I'm a teacher here in Columbus, and with only about $10k in there right now, I'm really trying to make every dollar count. I’ve been reading a bit about palladium, and it seems like it could have some serious upside, but it also feels a bit more volatile than gold or silver. My initial thought was to stick to the classics, but the recent price action in palladium has me wondering if I’m missing an opportunity here.

I know this sub is usually all about gold and silver, but has anyone here actually invested in palladium for their IRA? What’s been your experience? I’m looking at physical palladium coins or bars, but honestly, it all feels a bit more opaque than buying Eagles or Maples. I'm still super new to this, and while I definitely want to grow my retirement, I also don't want to make any big new investor mistakes.

I've been playing around with that Gold IRA Calculator to try and model out some potential returns if I diversified a little into palladium, and it really highlights how different assets can perform over time. Just curious if anyone with more experience in precious metals IRAs has thoughts on allocating a small percentage to palladium. Is it worth the potential headache of sourcing and storing, or should I just stick to what's tried and true?

5 comments

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Best Answer▲ 8 upvotes

laura_sanchez💰Established (100-250k)

Hey, that's awesome you're looking into palladium! Curious though, what's making you lean towards it over, say, platinum or silver if you're looking to diversify beyond gold? Is it the industrial demand aspect mainly, or something else catching your eye?

Comments (5)

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

Dude, I was in a similar boat when I first started my Gold IRA. Had about the same amount and was staring at palladium like it was the secret sauce. My advisor actually talked me out of putting too much into it initially, suggesting I focus on building a solid base with gold and silver first, then consider diversification with palladium down the line. Glad I listened, as the gold/silver gave me a good foundation while palladium has had its ups and downs since then. Definitely something to consider for the future, but maybe not the first move with limited funds.

laura_sanchez💰Established (100-250k)Real Investor✓ Verified•less than a minute ago

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

While palladium has definitely seen some impressive gains, especially in recent years, it's worth considering the volatility. Gold and silver often get the "safe haven" tag for a reason. With only $10k in your IRA, do you want to be putting a significant portion into something that can swing pretty wildly? Maybe a smaller allocation after you've built up your foundation a bit more could be an option, but for starting out, it might be a bit more risk than some would advise.

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

Hey, that's awesome you're looking into palladium! It definitely has some interesting potential. Just a quick heads-up: make sure you're buying IRA-approved palladium bullion. Not all palladium products qualify, so double-check with your custodian or look for bars/coins that meet the IRS fineness standards (.9995 pure). Good luck with your investing!

ashley_baker💼Starter (0-50k)✓ Verified•less than a minute ago

Totally agree with the general sentiment here, OP. Diversification is key. I actually added some palladium to my Precious Metals IRA about two years ago, mostly on the advice of my advisor because of its industrial demand. It's been a pretty solid performer for me, especially with the auto industry bouncing back a bit. Nothing crazy, but definitely outperformed some of my other metals during that period.

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