Palladium in the IRA - anyone else thinking about it, or already in?
- •Been seeing a few threads pop up about palladium lately, and it got me thinking about my own Gold IRA setup.
- •I'm sitting on a pretty good chunk of gold and some silver, probably close to a 300k value now since I started really building it up back in 2020.
- •I'm a manufacturing exec here in Cleveland, and for me, hard assets just make sense.
Been seeing a few threads pop up about palladium lately, and it got me thinking about my own Gold IRA setup. I'm sitting on a pretty good chunk of gold and some silver, probably close to a 300k value now since I started really building it up back in 2020. I'm a manufacturing exec here in Cleveland, and for me, hard assets just make sense. It’s tangible, not some digital fairy dust, you know?
My concern right now is diversification within precious metals. I'm 48, and while I wouldn't call myself retired anytime soon, I'm definitely looking at preserving wealth and passing some of this down. I've always been a gold guy, but palladium's industrial demand story is pretty compelling. Catalytic converters are huge, and with all the talk about EV growth slowing down and hybrid/ICE staying relevant longer, that demand isn't going anywhere fast.
I know it's a volatile metal, probably more so than gold or even silver. I’m wondering if anyone here has dipped their toes into palladium for their IRA. What percentage of your precious metals portfolio did you allocate? Did you go for bars, coins? Any particular dealers you'd recommend that are good for IRA-approved palladium? My current provider is great for gold, but I want to make sure I’m getting good pricing and quick turnaround for something a bit more specialized.
Curious to hear people's thoughts. Is it a smart move for someone like me looking for both growth potential and long-term security, or am I just chasing the next shiny object? Thanks in advance for any insights!