Palladium for my IRA? Thoughts from other folks here.

Gary Stewart

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Palladium for my IRA? Thoughts from other folks here.

gary_stewart📊Growing (50-100k)

about 2 hours ago

Key Takeaways

•Been thinking about diversifying my Gold IRA for a while now, and palladium keeps popping up in my research.
•I’ve currently got about $70k tied up in gold and silver, mostly physical, which I’m happy with.
•Gold is gold, always has been, always will be.

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Been thinking about diversifying my Gold IRA for a while now, and palladium keeps popping up in my research. I’ve currently got about $70k tied up in gold and silver, mostly physical, which I’m happy with. I’m an agric business owner here in Fresno, so I’m always leaning towards tangible assets, things I can actually see and hold, especially with all the volatility lately.

My broker’s been pushing palladium a bit, talking about its industrial demand and how it's a good hedge, but honestly, I'm a bit wary of anything that feels too "hot" at the moment. Gold is gold, always has been, always will be. Palladium feels… newer, if that makes sense. Is anyone here holding palladium in their IRA? What do you like about it? What are the downsides you’ve experienced?

I’m looking to maybe allocate another $10-15k towards something new in the next quarter or so, and palladium is on the shortlist. I’m trying to figure out if it's worth the potential upsides compared to just adding more gold or even some platinum. Also, anyone used that Tax Calculator tool for figuring out the tax implications of adding another metal? It's always a headache trying to juggle all that correctly.

Just trying to get a feel for what real people are doing, not just what the investment brochures are saying. Appreciate any insights folks are willing to share from their own experiences.

5 comments

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Best Answer▲ 5 upvotes

donald_nelson💎Premium (500k-1m)

Totally agree with the drive to diversify! I've been eyeing platinum myself for similar reasons. Did a deep dive a few months back and ended up putting about 10% of my IRA into platinum coins. The industrial demand for it just seems so solid.

Palladium is definitely interesting though. I know a guy who swears by it for the exact reasons you're probably seeing in your research. Good luck with whatever you decide!

Comments (5)

thomas_walker🏆Advanced (250-500k)Real Investor✓ Verified•less than a minute ago

Totally get where you're coming from on the tangible assets. I actually went a similar route a few years back. Had a good chunk in gold and silver, and decided to dip my toes into palladium for my IRA. It wasn't a huge jump, maybe 10-15% of my precious metals, but I've been pleasantly surprised with how it's performed. Definitely worth a closer look if you're feeling the pull towards it!

sandra_green📊Growing (50-100k)✓ Verified•less than a minute ago

Interesting thought! You mentioned you've got about $70k in gold and silver, "mostly physical." Are you thinking of holding palladium physically in your IRA as well, or going with a trust/certificate for that?

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

Interesting thought process, given your background. While palladium definitely has its industrial uses, and I get the appeal of tangible assets, I'd personally be a bit wary of putting it in an IRA. It's a much smaller market than gold or silver, and that can lead to some pretty wild price swings. Might be great for a speculative play outside the IRA, but for long-term retirement savings, that volatility could be a real headache. Just my two cents!

michael_anderson🏆Advanced (250-500k)Real Investor•less than a minute ago

Hey there! Palladium's a fascinating one for sure, especially with its industrial demand. Since you're looking at diversifying your precious metals IRA, have you checked out the specific IRS rules for palladium? Not all forms are eligible, so it's good to double-check to avoid any surprises down the line. The IRS website has a pretty clear list of what's allowed for IRAs. Good luck!

donald_nelson💎Premium (500k-1m)Real Investor✓ Verified•less than a minute ago

Palladium is definitely interesting though. I know a guy who swears by it for the exact reasons you're probably seeing in your research. Good luck with whatever you decide!

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