Is anyone else holding palladium in their IRA? Thinking about adding more.
- •Curiosity creeping in about palladium’s place in other folks’ Gold IRAs.
- •My original investment was around $300k, and it’s done quite well for me.
- •I’m thinking about rebalancing a bit and adding another $150k or so, but always good to get some other perspectives.
Curiosity creeping in about palladium’s place in other folks’ Gold IRAs. I’ve had a decent chunk of it in my rollover IRA for the past five years or so, mainly because I saw the supply constraints coming down the pike and the industrial demand just seemed to keep climbing. My original investment was around $300k, and it’s done quite well for me. I’m thinking about rebalancing a bit and adding another $150k or so, but always good to get some other perspectives.
My overall metals allocation is already pretty heavy, probably 40% of my total portfolio, with most of that in physical gold stored locally. The palladium is obviously part of the IRA, so it's not as liquid for me day-to-day, but that's the point, right? It's a long-term play. Back during my Wall Street days in the 80s and 90s, precious metals were often just a small hedge, but I’ve always held a much more substantial conviction, especially after seeing so much market volatility over the decades. I’m retired now in NYC, enjoying the slower pace, but I still keep a very keen eye on the markets.
I know some people are worried about the EV transition impacting palladium demand long-term. And sure, that’s a legitimate concern. But we aren’t there yet, and even then, palladium isn't going to disappear. There are still so many industrial applications beyond catalytic converters. Plus, geopolitical factors affecting supply chains out of Russia and South Africa are still very much in play. I’m thinking about the strategic value, rather than just the immediate industrial use.
Anyone else have significant palladium exposure in their IRA? What’s your rationale? Are you looking to add, hold, or trim? Always interested in hearing others' well-reasoned takes. Or am I just getting too bullish on a single metal again?