Palladium for my IRA? Anyone gone this route?
- •Been thinking a lot about diversifying my self-directed IRA beyond just gold and silver, especially with how things are looking globally.
- •Most of that's been gold, with some silver eagles I picked up a few years back when it was cheaper.
- •The rest is in some pretty traditional stuff, blue-chip stocks, some real estate trust I inherited.
Been thinking a lot about diversifying my self-directed IRA beyond just gold and silver, especially with how things are looking globally. I've got a decent chunk in precious metals already, probably pushing close to the 200k mark in my total portfolio (which is in the high six figures, for context). Most of that's been gold, with some silver eagles I picked up a few years back when it was cheaper. The rest is in some pretty traditional stuff, blue-chip stocks, some real estate trust I inherited.
My advisor, bless her heart, keeps pushing for more conservative options, but I'm a dairy guy, always looking for a bit more yield, you know? Saw some articles floating around about palladium and its industrial demand, especially with the EV push. Seems like it could have some serious upside, but it's also been pretty volatile. I'm based here in Madison, WI, and haven't met too many folks locally who are really deep into the palladium market for their retirement accounts. Most of the farmers I know are still just stacking silver dollars under their mattresses, bless 'em.
Considering putting maybe 10-15% of my precious metals allocation into palladium within my IRA. We're talking maybe $20-30k here. Has anyone here actually done this? What kind of custodian did you use? Any major headaches or benefits you've seen going this route? I'm trying to weigh the potential gains against the storage costs and the liquidity concerns. Gold is gold, easy to buy and sell, but palladium feels a bit more niche.
Just trying to get a feel for real-world experiences before I pull the trigger. Appreciate any insights, good or bad.