Palladium in my IRA? Thinking about diversifying beyond gold for the long haul.

Donna Rogers

Back to forum

📘 Gold IRA Blueprint

Palladium in my IRA? Thinking about diversifying beyond gold for the long haul.

donna_rogers🏆Advanced (250-500k)

about 8 hours ago

Key Takeaways

•Been thinking a lot about diversifying the precious metals sleeve of my IRA lately, specifically looking at palladium.
•Currently, it's all in gold – about $200k of it, which I've been building up over the last five years.
•Mostly physical, held in a reputable vault, the usual.

See what your 401(k) could look like in gold

Been thinking a lot about diversifying the precious metals sleeve of my IRA lately, specifically looking at palladium. Currently, it's all in gold – about $200k of it, which I've been building up over the last five years. Mostly physical, held in a reputable vault, the usual. I got into gold originally because of the stability, the historical value, and honestly, the legacy aspect appeals to me as someone in the bourbon industry here in Lexington. We're all about tradition and long-term value, and gold just… fits that.

But volatility and the sheer boom in palladium prices are making me wonder if I'm missing an opportunity. I'm not looking to dump my gold holdings or anything drastic, but maybe allocating 10-15% of new contributions to palladium could be a smart move? My IRA has a total of around $450k right now, and I'm still actively contributing. I've been doing some research on palladium's industrial demand, especially with catalytic converters and new tech, and it seems pretty robust. The supply constraints are another factor that makes it seem like it could have a strong future.

My main concern is the liquidity and the spread compared to gold. How do folks here feel about holding palladium in their IRA? Is it worth the potentially higher risk/reward profile compared to the stability of gold? Any specific custodian recommendations that are good with palladium beyond just gold and silver? And for those who dabble, what percentage of your precious metals portfolio do you allocate to palladium? Just trying to get a feel for the general sentiment and any blind spots I might have.

4 comments

The biggest mistake retirees make with their 401(k)

Most people don't diversify until after a crash. Get the free guide and protect your nest egg.

Under $100k? Compare options →

23 people viewed this today3 members requested a free kit this week4 investors bookmarked this

Best Answer▲ 7 upvotes

ronald_morris👑Elite (1m-5m)

Hey, totally get where you're coming from. I was in a similar boat a few years back, felt like I had too many eggs in the gold basket, even though I'm a huge gold bull. Ended up putting about 15% of my precious metals allocation into platinum, which was a good move for me personally. Palladium is definitely an interesting option, especially with its industrial demand. Good luck with whatever you decide!

Comments (4)

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

janet_cook📊Growing (50-100k)•less than a minute ago

Interesting thought process! You mentioned it's mostly physical gold you've built up. If you *do* decide to go with palladium, would you also be looking at physical palladium for your IRA, or are you considering other options like ETFs?

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

Hey, I get the diversification itch, especially with how gold has been moving lately. But jumping into palladium for a "long haul" IRA play feels a bit... bold, given its volatility. Gold has that historical stability and role as a safe haven that palladium just doesn't quite replicate. Maybe consider silver as a more established alternative for diversification within precious metals? It still offers industrial demand but without the same wild swings palladium often sees. Just something to chew on.

frank_rivera💎Premium (500k-1m)Real Investor•less than a minute ago

Hey, good on you for thinking about diversifying! Palladium's an interesting one, especially with its industrial demand. Just a heads up, make sure you're aware of the fees associated with storing palladium in an IRA. Sometimes they can be a bit higher than gold or silver due to its lower liquidity and specialized storage requirements.

You might find this article on diversification strategies for precious metals IRAs helpful – it breaks down some of the nuances of including less common metals: https://www.investopedia.com/articles/investing/091615/why-and-how-invest-palladium.asp

12,000+ investors requested this guide last month

Find out why retirees are moving savings into gold. Free kit, no obligation.

Under $100k? Compare options →