Palladium in the IRA - Anyone else diversifying beyond gold & silver?
- •Been thinking a lot about diversifying the Gold IRA beyond just gold and silver.
- •I’m sitting on about $70k in precious metals right now, mostly split between American Gold Eagles and some nice chunky silver bars.
- •I’ve been a big believer in precious metals for a while now, especially with everything going on globally.
Been thinking a lot about diversifying the Gold IRA beyond just gold and silver. I’m sitting on about $70k in precious metals right now, mostly split between American Gold Eagles and some nice chunky silver bars. I’ve been a big believer in precious metals for a while now, especially with everything going on globally. As the mayor of a smaller community here in Boise, I see firsthand how important stability and long-term planning are, and that extends to my own investments.
I was chatting with my financial advisor, and he brought up palladium. Honestly, I hadn't given it much thought beyond knowing it's a precious metal. He mentioned its industrial demand and how it's historically outperformed gold and platinum at times, but also, obviously, it's a lot more volatile. My gut tells me to stick with what I know, but part of me is feeling that FOMO on potential growth. I’m certainly not looking to go all-in, maybe just allocate a small percentage, say 5-10% of my total metals portfolio, possibly to some Palladium American Eagles if I can find them reasonably priced.
Anyone here have any experience with holding palladium in their IRA? What are your thoughts on its role as a long-term hedge or growth play compared to gold and silver? Is it just too niche and speculative, or is it a smart way to broaden exposure? I’m particularly interested in hearing from folks who aren't just selling it, but actually have it sitting in their physical IRA. Thanks for any insights you can share!