Palladium allocation in a Gold IRA - anyone else diversify this way?

Andrew Roberts

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Palladium allocation in a Gold IRA - anyone else diversify this way?

andrew_roberts👑Elite (1m-5m)

about 4 hours ago

Key Takeaways

•Been seeing a lot of chatter lately about palladium, and it got me thinking about my own allocation within my Gold IRA.
•I remember thinking at the time, "This industrial demand plus supply constraints...
•could be interesting." Glad I did, that’s for sure!

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Been seeing a lot of chatter lately about palladium, and it got me thinking about my own allocation within my Gold IRA. I’ve held a pretty substantial metals portfolio for years, well over seven figures, mostly gold and some silver, but I added a decent chunk of palladium back around 2018 when it was much lower. I remember thinking at the time, "This industrial demand plus supply constraints... could be interesting." Glad I did, that’s for sure!

My metals advisor, who I’ve worked with for decades out of Boca, initially gave me a bit of a sideways look when I first starting pushing for a palladium allocation. Most of his other clients (other retirees like me, mostly from financial services or real estate) weren't really touching it. But after some research and seeing the projections, he came around to a small percentage, which we later increased. My reasoning was largely the supply squeeze coming out of Russia and South Africa, coupled with increasing automotive demand for catalytic converters. Looking back, a pretty solid bet.

Now, I’m sitting here in Palm Beach, watching the markets, and wondering what others are thinking. Anyone else here have a meaningful palladium position in their Gold IRA? Or perhaps you strictly stick to gold and silver? I’m contemplating whether to rebalance some of it into platinum, given the current spread, or just hold steadfast. What are your criteria for including or excluding a metal like palladium from your retirement portfolio?

It’s definitely been a wild ride with palladium’s volatility, but it’s certainly done its job as a diversifier and value-add in my overall metals strategy. Curious to hear other perspectives. Are you bullish, bearish, or just steering clear?

4 comments

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Best Answer▲ 10 upvotes

brian_edwards🌟Ultra (5m+)

Interesting move with the palladium back then. I see a lot of folks in traditional investment circles advocating for a very diverse portfolio, but in the precious metals space, especially for a Gold IRA, I've always leaned towards keeping it simpler. Gold and perhaps a smaller amount of silver for their established roles as monetary metals and hedges. Palladium, while having its industrial uses, feels a bit more niche and perhaps more susceptible to industrial demand swings. Don't get me wrong, it clearly paid off for you, but for general long-term IRA holdings, I personally prefer the old standbys.

Comments (4)

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

Interesting! So you picked up palladium before its big run. I'm curious, when you say "decent chunk," are we talking a few ounces or more like 10-20? Just trying to gauge the scale of this diversification.

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

Dude, totally. Same boat here. I didn't go as big as you did back in 2018, but I opened a Gold IRA a few years back and tossed some palladium in there too, mostly because of the industrial demand. It's been interesting to watch, to say the least. Definitely adds a different flavor to the portfolio.

brian_edwards🌟Ultra (5m+)Real Investor✓ Verified•less than a minute ago

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

Interesting move with the palladium back then! It definitely offers a different risk/reward profile than gold or silver. If you're looking for more in-depth info on performance metrics and historical trends across various precious metals, Metals Focus puts out some pretty solid reports. Might be useful for fine-tuning your next diversification move. Always good to have diverse options!

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