Palladium in an IRA - anyone actually doing this, or is it just talk?

Dorothy Lopez

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Palladium in an IRA - anyone actually doing this, or is it just talk?

dorothy_lopez💰Established (100-250k)

about 4 hours ago

Key Takeaways

•I've been looking at diversifying my precious metals IRA beyond just gold and silver.
•I've got a decent chunk in there now, somewhere around $180k, mostly in Eagles and Maples.
•I get the supply/demand argument – critical in catalytic converters, limited supply from Russia and South Africa, etc.

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I've been looking at diversifying my precious metals IRA beyond just gold and silver. I've got a decent chunk in there now, somewhere around $180k, mostly in Eagles and Maples. My financial advisor brought up palladium as an option, but honestly, it feels a bit more niche than I'm comfortable with right off the bat, especially for retirement savings. Coming from the casino industry for twenty years here in Vegas, I'm no stranger to calculated risks, but with this kind of money, I like to see some solid history and common usage.

I get the supply/demand argument – critical in catalytic converters, limited supply from Russia and South Africa, etc. The price action over the last few years has been pretty wild, which is both exciting and terrifying. I'm wondering if anyone on here has actually pulled the trigger and added palladium to their self-directed IRA. What was your reasoning? Are you doing a small percentage, like 5-10%, or a more significant allocation?

My main concern is liquidity and storage. With gold, it's pretty universal. Palladium, not so much. I'm using a reputable custodian now, but I haven't even checked if they offer palladium storage as easily as they do gold or silver. And if I ever needed to liquidate a portion, would it be a pain in the ass to find a buyer without taking a huge hit on the spread? Any experiences with that would be super helpful. Just trying to see if this is a smart move for someone looking for long-term growth and inflation protection, or if it's more of a speculative play that doesn’t quite fit the retirement bill.

5 comments

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Best Answer▲ 7 upvotes

steven_mitchell🏆Advanced (250-500k)

Hey, I hear you on this one. I actually did dabble a bit in palladium for my IRA a few years back. Not a huge amount, maybe like 5-10% of my metals allocation at the time. I was in a similar boat, wanting to diversify a bit beyond the usual gold/silver.

It was... an interesting ride. Had some good gains for a while, then a bit of a dip. Ultimately, I ended up rebalancing most of it back into gold when I felt it got a little too volatile for my comfort level. Definitely felt more "niche" than the others, and the spreads for buying/selling seemed a bit wider too. Just my experience!

Comments (5)

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

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

Interesting! So your advisor specifically brought up palladium. Was there a particular reason they suggested it over, say, platinum?

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

Honestly man, while palladium *is* allowed in an IRA, I'd personally be pretty hesitant to dive in. It's so much more volatile and has a much smaller market than gold or silver. Your advisor might be seeing an opportunity, but it also feels like a bigger gamble than what most people are looking for in a retirement account. Stick with the classics, or at least do a lot more research before committing that kind of capital.

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

Hey there! Totally get your hesitation with palladium. It's definitely not as mainstream as gold or silver for IRAs. One thing to keep in mind is that the IRS has specific fineness requirements for precious metals in an IRA, so make sure any palladium you consider meets those.

Also, it might be worth looking into some of the historical price volatility of palladium compared to gold and silver. It can be a pretty wild ride! Just another data point to consider when you're making your decision. Good luck!

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

Totally get where you're coming from. I've been eyeing palladium too, but it does feel like a bit of a wild card. It's so volatile and the demand seems so tied to specific industries. My advisor also mentioned it, but I eventually decided to stick with mostly gold and a bit of silver for my IRA.

For context, my IRA is roughly $250k, and it's probably 85% gold, 15% silver. I just feel more comfortable with the long-term stability and liquidity of those two. Maybe I'll reassess palladium in a few years, but for now, it's a pass for me. Good luck with your decision!

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