Palladium in my IRA? Vegas investor wants to hear your thoughts.
- •Okay, so I've been kicking around the idea of diversifying my Gold IRA slightly, and palladium keeps popping up on my radar.
- •Palladium's industrial demand story, particularly with catalytic converters, is pretty compelling.
- •The supply constraints out of places like Russia have also been a point of interest for me.
Okay, so I've been kicking around the idea of diversifying my Gold IRA slightly, and palladium keeps popping up on my radar. Most of my $180k portfolio is currently in physical gold and a smaller chunk of silver, which has served me well over the last few years, especially with all the economic weirdness going on. I'm a veteran of the casino industry here in Vegas – seen enough booms and busts to know you can't put all your chips on one number, even if it's a "sure thing." I get risk, I understand volatility, and I'm not looking for a get-rich-quick scheme.
Palladium's industrial demand story, particularly with catalytic converters, is pretty compelling. I know EVs are a thing, but it feels like the internal combustion engine isn't going to vanish overnight, and even then, there are other industrial uses. The supply constraints out of places like Russia have also been a point of interest for me. My concern, though, is the liquidity compared to gold. If I need to sell a portion down the line, is palladium going to be as straightforward as gold or even silver?
Anyone here actually hold palladium in their IRA? What's been your experience? Did you commit a significant percentage of your precious metals allocation to it, or just a small speculative play? I'm thinking maybe 5-10% of my total metals holdings, just to dip a toe in and get some exposure. I'd love to hear from folks who've been in this space longer or have some insights I might be missing. What are the major pros and cons you’ve encountered?