Palladium in an IRA - anyone else considering it given the recent price action?

Donald Nelson

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Palladium in an IRA - anyone else considering it given the recent price action?

donald_nelson💎Premium (500k-1m)

about 11 hours ago

Key Takeaways

•Okay, so I’ve been almost exclusively a gold guy for over 20 years now, ever since I retired from Ford and started really focusing on my investments.
•My portfolio is mostly gold, some silver, and then a decent chunk in S&P 500 index funds.
•We're talking probably $750k all told, and a good half of that is in precious metals, held in my IRA.

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Okay, so I’ve been almost exclusively a gold guy for over 20 years now, ever since I retired from Ford and started really focusing on my investments. My portfolio is mostly gold, some silver, and then a decent chunk in S&P 500 index funds. We're talking probably $750k all told, and a good half of that is in precious metals, held in my IRA. I bought a lot of my gold way back when it was around $300 an ounce, so I've seen some serious growth there, which has been great for my retirement in Detroit. My wife and I are comfortable, but like anyone, I'm always looking at how to keep that portfolio strong.

Lately, though, palladium has really caught my eye. I know it's had a pretty wild ride, but it feels like it's been consolidating for a bit and a lot of the supply/demand fundamentals still look pretty good, especially with the push for cleaner emissions in vehicles (which ironically, was my whole life for 30 years at Ford!). I’ve heard arguments that it’s more industrial than monetary, which has always kept me away, but as a diversification play within my precious metals allocation, I'm starting to wonder. I'm not talking about pouring a massive amount into it, maybe 5-10% of my current metals holdings, which would still be a pretty penny.

Has anyone here diversified into palladium within their Gold IRA? What are your thoughts? Is it just too volatile for a retirement account, or do the long-term industrial trends make it a smart play for a small allocation? I’m particularly interested if anyone has been in palladium for a while and can speak to their experience, good or bad, or if you're a long-time precious metals holder like myself and decided to take the plunge. I'm always a bit cautious with anything new after being so comfortable with gold, but I'm open to learning. Thanks for any insights.

4 comments

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Best Answer▲ 5 upvotes

jennifer_martinez💰Established (100-250k)

Hey, that's interesting. You mentioned palladium, but then mostly talked about your existing gold and silver. Are you thinking of adding palladium instead of more gold/silver, or as a completely separate diversification play?

Comments (4)

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

Totally get where you're coming from. I've been eyeing platinum myself for similar reasons. Not as dramatic as palladium's recent run, but the industrial demand combined with limited supply has me thinking about diversifying beyond just gold and silver in my precious metals IRA. It's tough to pull the trigger when you're so used to one thing, though!

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

Hey, that's interesting. You mentioned palladium, but then mostly talked about your existing gold and silver. Are you thinking of adding palladium *instead* of more gold/silver, or as a completely separate diversification play?

joyce_cooper📊Growing (50-100k)✓ Verified•less than a minute ago

Interesting thought, OP. While palladium's certainly had a wild ride lately, I'm a bit more hesitant about putting *too* much into it for an IRA. Diversification is key, of course, but palladium is a much smaller market than gold or silver, and that can mean bigger swings and potentially less liquidity if you need to sell. Plus, industrial demand is a huge factor, and that can be unpredictable.

I get the appeal of chasing performance, but sometimes the tried and true, even if less flashy, offers more long-term stability in a retirement account. Just something to consider!

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

Hey, interesting thought on palladium. While it's definitely had some wild swings, don't forget about platinum as a potential alternative. It's often overlooked but can offer similar industrial demand and precious metal benefits without *quite* the same volatility as palladium. Plus, it tends to be a bit more accessible in smaller increments for IRA-approved products.

You can find some good comparisons of the two from reputable dealers if you want to dig into the historical performance and industrial applications more deeply. Always pays to do your homework!

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