Palladium in IRA - anyone actually doing it?
- •Been seeing more aggressive marketing for palladium in IRAs lately, and it got me thinking.
- •Gold just *felt* right for that, you know?
- •On one hand, the industrial demand seems solid, especially with EVs and hydrogen tech advancing.
Been seeing more aggressive marketing for palladium in IRAs lately, and it got me thinking. I'm a good chunk into my Gold IRA, about $600k total, mostly in physical gold and some silver, always been my hedge against the wild swings we see globally. Retired out here in Honolulu after a lifetime in the military, so my perspective on global economics tends to be a lot about stability and long-term security, especially given how things ebb and flow in the Pacific Rim. Gold just felt right for that, you know?
But palladium... I'm a bit torn. On one hand, the industrial demand seems solid, especially with EVs and hydrogen tech advancing. It’s not just a shiny rock like gold can sometimes be perceived. On the other hand, the market for it seems significantly smaller and historically more volatile. Gold has its dips, sure, but palladium's swings feel... sharper. I watched it spike hard, then come crashing down even harder over the last few years. That kind of rollercoaster makes me nervous for my retirement fund.
My Gold IRA provider has been pushing it as a diversification play, saying it offers unique upsides separate from gold and silver. I get the theory, but in practice, for someone who's looking to preserve capital and generate steady, albeit conservative, growth, is palladium really the right move? Or is it just another way for firms to push more exotic assets with higher margins?
Anyone here actually hold a significant portion of palladium in their IRA? What's your experience been? Is the volatility worth the potential upside? Or am I better off just sticking to my tried and true gold and silver, maybe adding more of those on dips?