Palladium in IRA - is it *really* diversifying or just adding fuss?
- •Okay, so I've been doing a lot of reading lately about palladium and its place in precious metals investing, especially within an IRA.
- •My current Gold IRA is sitting around the $75k mark, predominantly in Eagles and Maples, pretty straightforward stuff.
- •I've been considering adding a small allocation of palladium, maybe 5-10%, just to broaden my horizons a bit.
Okay, so I've been doing a lot of reading lately about palladium and its place in precious metals investing, especially within an IRA. My current Gold IRA is sitting around the $75k mark, predominantly in Eagles and Maples, pretty straightforward stuff. I've been considering adding a small allocation of palladium, maybe 5-10%, just to broaden my horizons a bit. We're talking about maybe $5k-$7k here, nothing crazy.
My thought process is that while it often tracks with industrial demand similarly to platinum, there are times it acts quite independently, and that could be a good hedge. I live in a smaller community here in Boise, Idaho, and as mayor, I'm constantly thinking about stability and smart, long-term plays. My initial investment in gold was exactly that – a move to protect some of my retirement from the volatility of the stock market. I always recommend people look at their assets and think about what protects them against different scenarios. Palladium just feels like it could be that little extra layer.
The thing that gives me pause is the liquidity and the bid/ask spread. Gold and silver feel so universal; it’s like everyone knows what they are. Palladium, less so. Am I overthinking the liquidity for an IRA allocation that I don't plan on touching for another 15-20 years? And are there any specific palladium coins or bars that are generally favored for IRA inclusion that I should be looking into? Any other small-town investors out there who've dipped their toes into palladium? What was your experience?