Palladium in my IRA? Worth it discussion
- •Okay, so I've been eyeing palladium for my Gold IRA lately, and honestly, the more I dig, the more I'm thinking about pulling the trigger.
- •Made sense, you know?
- •Diversification beyond just stocks, especially with everything going on.
Okay, so I've been eyeing palladium for my Gold IRA lately, and honestly, the more I dig, the more I'm thinking about pulling the trigger. I started my Gold IRA a few years back, maybe like 3 or 4 now, pretty much right after I saw some of the execs at the oil company I work for talking about it. Made sense, you know? Diversification beyond just stocks, especially with everything going on.
My portfolio is sitting around the $180k mark right now, mostly gold and some silver, and I'm based here in Tulsa. My initial thought was just to bulk up on more gold, but palladium keeps popping up in my research. I've seen some pretty wild price swings with it, both up and down, but the long-term industrial demand potential, especially with catalytic converters and new tech, seems pretty solid. I'm not looking to put a huge chunk of my IRA into it, maybe 10-15% initially, just to get some exposure.
Anyone here already holding palladium in their IRA? What's been your experience? Are the premiums generally higher or similar to gold/silver for IRA-eligible bars/coins? And for anyone who's looked into it and decided against it, what were your reasons? Just trying to get a feel for the general sentiment out there from folks who are actually doing this.