Palladium in an IRA? What are your thoughts?

Hey, totally get where you're coming from! I had a similar thought process when I started my precious metals IRA a few years back. My advisor actually brought up palladium as an option, and I ended up putting a small percentage into it alongside my gold and silver. It’s been interesting to watch, that's for sure!

Good luck with your journey, it's definitely a smart move for diversification.

Hey, that's awesome you're getting into a Gold IRA! Love that you're thinking about diversifying beyond traditional stocks. Quick question for you: when you say "chippin" in with small contributions, are you buying fractional pieces of palladium, or waiting until you can afford a full ounce?

Interesting thought process, and I totally get the desire for physical assets. However, for a retirement account, especially a relatively new one, focusing on palladium right out of the gate might be a bit premature. It's a much more volatile and niche market than gold or even silver.

While palladium has seen some impressive runs, it also has steeper drops and is heavily tied to industrial demand (auto catalysts, primarily). For long-term stability and a true hedge against inflation, gold or silver are generally considered the safer, more established plays within an IRA. Maybe stick to the more traditional precious metals for now, and consider palladium once your core holdings are more robust?

Hey, that's awesome you're looking into palladium for your IRA! It's definitely a less common choice than gold or silver, but it has its own unique market dynamics.

One thing worth checking out if you're serious about palladium is how its industrial demand (especially in catalytic converters) impacts its price compared to investment demand for gold. A good resource for historical price data and market analysis on all the precious metals, including palladium, is Goldhub. They often have articles that dive into the different factors affecting each metal. Hope that helps with your research!