Palladium in an IRA - anyone else considering this?

Betty King

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Palladium in an IRA - anyone else considering this?

betty_king📊Growing (50-100k)

about 2 months ago

Key Takeaways

•I've been watching the price of palladium lately and it got me thinking.
•My Gold IRA is sitting at just under $80k right now, mostly in gold and a bit of silver, and I'm wondering if I should diversify with some palladium.
•My financial advisor here in Raleigh mentioned it as an option, but I'm just not sure about it.

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I've been watching the price of palladium lately and it got me thinking. My Gold IRA is sitting at just under $80k right now, mostly in gold and a bit of silver, and I'm wondering if I should diversify with some palladium. My financial advisor here in Raleigh mentioned it as an option, but I'm just not sure about it.

My late husband worked his whole life to build up what we had, and protecting that legacy is really important to me. Gold has always felt like the safe bet, especially with all the economic uncertainty. It just makes sense. Palladium, on the other hand, feels a bit more volatile. I know it's used in catalytic converters and usually follows industrial demand, but what if electric vehicles really take off and demand tanks? That's a big "what if" that makes me nervous.

On the flip side, when the price did spike a few years ago, it really spiked! Missing out on those kinds of gains feels like a missed opportunity. Has anyone here actually added palladium to their IRA? What's been your experience with it? Did you regret it, or was it a smart move for your portfolio?

I just want to make sure I'm making the right choices to keep what we built secure for the future. Any thoughts or advice from those who've navigated adding more unconventional metals to their retirement accounts would be really appreciated.

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5 comments

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Best Answer▲ 10 upvotes

ronald_morris👑Elite (1m-5m)

Totally get where you're coming from! I actually just added a small percentage of palladium to my own precious metals IRA a few months ago for pretty much the same reason – felt like a good way to further diversify my holdings beyond just gold and silver. My advisor was a bit hesitant at first, but with the right research, we found some good options. Curious to see what others are thinking too!

Comments (5)

ronald_morris👑Elite (1m-5m)Real Investor•about 2 months ago

donald_nelson💎Premium (500k-1m)Real Investor✓ Verified•about 2 months ago

Interesting thought! You mentioned your financial advisor, but what was their take on adding palladium specifically? Did they have any insights into the specific risks or benefits compared to gold and silver in an IRA?

timothy_reed💎Premium (500k-1m)Real Investor•about 2 months ago

Interesting thought, OP. While diversification is generally good, I'm a bit wary of palladium right now. It's so heavily tied to the auto industry, and with the shift to EVs picking up pace, I wonder about its long-term demand.

Sure, there are other industrial uses, but the catalytic converter market is a huge driver. Just something to consider before jumping in, especially for something you're holding in a retirement account.

donna_rogers🏆Advanced (250-500k)Real Investor•about 2 months ago

Hey, that's a solid question! Palladium has definitely seen some interesting movement. One thing to keep in mind, and it's a small detail but can be a big one for IRAs, is that the IRS has specific fineness requirements for precious metals held in an IRA. For palladium, it needs to be 99.95% pure.

Double-check with your custodian to make sure any specific palladium products you're eyeing meet those standards. Wouldn't want any surprises down the line!

susan_clark💰Established (100-250k)Real Investor•about 2 months ago

Totally! I've been eyeing palladium too. My Gold IRA is a bit smaller than yours, around $50k, but I'm in a similar boat with mostly gold and silver. My advisor actually brought up palladium a few months ago as something to consider for diversification. The recent price action has definitely made it more appealing. Seems like a smart move to spread things out a bit more.

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