Palladium in my IRA? Thinking it over...

Linda Taylor

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Palladium in my IRA? Thinking it over...

linda_taylor📊Growing (50-100k)

less than a minute ago

Key Takeaways

•So, I've had a Gold IRA for about three years now and it's been a pretty solid experience overall.
•I'm a nurse up here in Seattle, and retirement security was a big driver for me to diversify out of just stocks and bonds.
•Right now, I've got around $75k in physical gold in there, which feels pretty good, especially with all the economic uncertainty floating around.

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So, I've had a Gold IRA for about three years now and it's been a pretty solid experience overall. I'm a nurse up here in Seattle, and retirement security was a big driver for me to diversify out of just stocks and bonds. Right now, I've got around $75k in physical gold in there, which feels pretty good, especially with all the economic uncertainty floating around.

Lately, though, I've been seeing more talk about palladium. My broker brought it up a while back, but I just kinda brushed it off since I was focused on getting my gold allocation set. Now, I'm wondering if I should reconsider adding some palladium to the mix. I know it's a bit more volatile than gold, but it also seems to have some strong industrial demand, particularly in catalytic converters, which isn't going away anytime soon, right?

Has anyone here diversified their precious metals IRA to include palladium? What are your thoughts on it as a long-term retirement play? I’m not talking about putting a huge chunk of my portfolio into it, but maybe a smaller percentage, say 5-10% of my precious metals holdings. Is the volatility worth the potential upside? Would love to hear some perspectives from people who've actually done it, especially if you're in a similar boat to me. Like, are there specific storage or fee differences I should be aware of compared to gold?

3 comments

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Best Answer▲ 9 upvotes

daniel_wright💎Premium (500k-1m)

Interesting! You've had a Gold IRA for three years already. What's made you start considering palladium specifically now?

Comments (3)

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

Hey, I hear you! I actually went through a similar thought process a few years back. Had my Gold IRA humming along nicely, and then started looking at platinum and palladium. Ended up adding a small percentage of palladium to my IRA, and while it's a smaller piece of the pie, it's been interesting to watch. Definitely worth doing your homework on the market trends and your own risk tolerance before jumping in, but it's not a crazy idea at all. Good luck with your research!

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

Interesting! You've had a Gold IRA for three years already. What's made you start considering palladium specifically now?

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

Interesting thought process, OP. While diversification is definitely smart, I'm a little hesitant about palladium specifically for an IRA. It's notoriously volatile, even compared to gold. The industrial demand swings can be pretty wild. Have you looked into platinum as an alternative? It's still a precious metal, but generally a bit more stable than palladium while offering similar diversification benefits outside of gold and silver. Just a thought!

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