Palladium in an IRA - worth the dive or stick to gold?

Joseph Harris

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Palladium in an IRA - worth the dive or stick to gold?

joseph_harris📊Growing (50-100k)

about 1 month ago

Key Takeaways

•Okay, so I've been lurking for a bit on this sub and finally decided to post.
•I'm a recent gold IRA convert – pulled the trigger late last year and got about $70k worth of physical gold bullion into an IRA.
•Best decision I've made in a while, honestly.

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Okay, so I've been lurking for a bit on this sub and finally decided to post. I'm a recent gold IRA convert – pulled the trigger late last year and got about $70k worth of physical gold bullion into an IRA. For years, I just let my 401k do its thing, but after seeing some of the volatility with tech stocks and just generally feeling uneasy with how things are going, my financial advisor (who thankfully also gets the appeal of precious metals) suggested diversifying into gold. Best decision I've made in a while, honestly.

Now, I'm sitting here in Nashville, still grinding away in the music industry (pandemic was rough, but we're bouncing back!), and I'm looking at my portfolio again. I've got another chunk of change I'm ready to roll over, probably in the $30-40k range. My initial thought was just to add more gold, just build up that bedrock of stability. But then I started looking into palladium.

It seems like such a volatile metal, but man, the industrial demand is just off the charts, especially with catalytic converters. My advisor mentioned it, but I didn't give it much thought at the time. Now I'm wondering if it's worth allocating a portion of this next investment into palladium instead of just pure gold. It feels like a bigger gamble, but also potentially bigger returns. My gut tells me to stick with what I know, but my brain is wondering if I'm missing out.

Anyone here have palladium in their IRA? What's been your experience? Is the higher volatility worth it for the potential upside, or is it just too risky to put into a retirement account? I'm trying to think long-term, of course. Any thoughts from those of you who've been around the block a few times with precious metals would be super helpful. Thanks!

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5 comments

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Best Answer▲ 9 upvotes

michelle_collins🏆Advanced (250-500k)

Congrats on getting your gold IRA set up! That's a solid move. As for palladium, it definitely has its own unique market dynamics and industrial demand that gold doesn't always share.

One thing I found super helpful when researching different precious metals for my own IRA was looking at the historical price correlation between them and gold. Sometimes they move together, sometimes they act as diversifiers. You can find some great charts on Statista that show how palladium has performed against gold over the years. Might give you a better idea of whether it fits your overall diversification goals!

Comments (5)

patricia_miller📊Growing (50-100k)✓ Verified•about 1 month ago

Totally get where you're coming from! I had a similar thought process after seeing my tech stocks do some insane gymnastics. Ended up putting a good chunk into gold like you, but also dipped my toes into silver. Honestly, the peace of mind having some tangible assets has been huge. Haven't looked at palladium myself, but it's an interesting idea for further diversification. Good luck with your decision!

diane_bailey💰Established (100-250k)Real Investor•about 1 month ago

Congrats on making the move to a gold IRA! Always interesting to see people diversify out of traditional 401ks.

You mentioned seeing "volatility with tech" - were there specific events or trends that really pushed you to make that decision last year?

jennifer_martinez💰Established (100-250k)Real Investor✓ Verified•about 1 month ago

Interesting post! While gold is definitely the OG for a reason, I've been looking at palladium myself and honestly, the industrial demand angle is compelling. It's not just a speculative play on fear like gold often can be. With the push for greener tech and catalytic converters, it feels like it has a more tangible, growth-oriented future. Just something to consider beyond the traditional safe haven.

michelle_collins🏆Advanced (250-500k)Real Investor•about 1 month ago

Congrats on getting your gold IRA set up! That's a solid move. As for palladium, it definitely has its own unique market dynamics and industrial demand that gold doesn't always share.

richard_garcia👑Elite (1m-5m)Real Investor•about 1 month ago

Totally agree with you on the gold IRA move! I did something similar, converted a chunk of an old 401k last year and went with physical gold too. The peace of mind is just next level compared to watching the stock market rollercoaster. Haven't really looked into palladium myself, but sticking with gold feels solid.

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