My tiny Palladium IRA and inflation worries

Maria Campbell

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💠 Palladium IRA

My tiny Palladium IRA and inflation worries

maria_campbell📊Growing (50-100k)

about 2 hours ago

Key Takeaways

•Been seeing a lot of chatter lately about inflation and it's making me really think about my little Palladium IRA.
•I'm just a small-town mayor here in Boise, so my portfolio isn't huge – probably around $75k in that account.
•Most of my other investments are pretty community-focused, local businesses and such, but I carved out that palladium piece specifically as a hedge.

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Been seeing a lot of chatter lately about inflation and it's making me really think about my little Palladium IRA. I'm just a small-town mayor here in Boise, so my portfolio isn't huge – probably around $75k in that account. Most of my other investments are pretty community-focused, local businesses and such, but I carved out that palladium piece specifically as a hedge.

I remember setting it up a few years back, maybe 2020 or 2021? Back then, I felt pretty good about it. The idea was that if the dollar started looking shaky, precious metals would hold their value. And honestly, with gas prices going up every other week and the cost of everything from groceries to lumber just ballooning, it feels like we're right in the thick of those 'inflation scares' I was trying to prepare for. My family and I are certainly feeling it at the grocery store, that's for sure. It’s hard to make a budget for the town when you can barely nail down the cost of asphalt for road repairs next quarter!

So, now I'm wondering if I did enough. Or if I should be doing more? I’ve seen palladium prices fluctuate, obviously, but the general trend seems to be heading up over the last, say, five years. Is this directly tied to general inflation or more about industrial demand? Are others observing a similar pattern with their precious metals holdings as a response to current economic conditions?

Thinking about whether I should be rebalancing or perhaps even adding a bit more to it. It’s not like I have endless cash to throw around, but if inflation is going to be a persistent issue, protecting what I have for retirement is a huge priority. What are your thoughts folks? Is your palladium (or gold/silver) holding its own against the rising tide?

4 comments

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Best Answer▲ 7 upvotes

christopher_young🌟Ultra (5m+)

Hey, totally get the inflation worries, especially with a palladium IRA. It's a niche metal, and while it has its strengths, diversification is key. Have you looked into how other precious metals, like gold or silver, have historically performed during different inflation cycles?

You might find this detailed historical analysis from Kitco helpful for understanding the bigger picture across various precious metals: Kitco: Inflation and Precious Metals Performance. It could give you some good context for your palladium holdings!

Comments (4)

joseph_harris📊Growing (50-100k)•less than a minute ago

Totally get where you're coming from with the inflation worries. My dad had a similar situation with a smallish silver IRA he'd forgotten about for years. With all the recent economic news, he started looking at it more closely and it's definitely given him some peace of mind knowing it's there as a hedge. Hope your Palladium does the same for you, Mayor!

james_wilson👑Elite (1m-5m)Real Investor✓ Verified•less than a minute ago

Interesting! So your Palladium IRA is just one piece of the puzzle, and a relatively small one at that. When you say "community-focused, local businesses" for the rest of your investments, are we talking direct equity in those businesses, or more like local bonds or other instruments? Just curious how diversified your overall portfolio is beyond that $75k in palladium.

betty_king📊Growing (50-100k)•less than a minute ago

Interesting take, OP. While I totally get the inflation worry (who doesn't these days?), I actually wonder if palladium's current trajectory makes it the *best* play for that specific concern right now. It's had a pretty wild ride, and while it *can* be a hedge, its industrial demand component sometimes makes it behave a bit differently than pure monetary metals like gold with respect to inflation. Just something to chew on!