Palladium in my IRA - worth it?

Matthew Murphy

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Palladium in my IRA - worth it?

matthew_murphy👑Elite (1m-5m)

about 1 hour ago

Key Takeaways

•I've been thinking a lot about diversifying my gold IRA beyond just, well, gold and silver.
•I'm over in Dublin, OH, and most of my other investments are pretty traditional, so the precious metals felt like a solid hedge.
•Mostly it’s been 1oz American Gold Eagles, some Canadian Maples, and a fair bit of silver that I bought cheap during a dip.

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I've been thinking a lot about diversifying my gold IRA beyond just, well, gold and silver. I’m sitting on about $3.5 million that I rolled over a few years back after selling my tech company – best decision ever, honestly, especially with the way the market's been acting. I'm over in Dublin, OH, and most of my other investments are pretty traditional, so the precious metals felt like a solid hedge. Mostly it’s been 1oz American Gold Eagles, some Canadian Maples, and a fair bit of silver that I bought cheap during a dip.

Lately, though, palladium has caught my eye. The automotive industry demand seems pretty consistent, and supply constraints are always a factor. I know it’s a lot more volatile than gold, and the price swings can be wild, but part of me wonders if a small allocation to palladium could provide some outsized gains. I’m not looking to put a huge chunk of my IRA in it, maybe 5-10% tops, but I'm trying to decide if the risk is worth the potential reward for an IRA account specifically. I definitely leaned heavily on a Gold IRA when initially setting things up; if you're exploring options, I'd suggest checking out the Gold IRA Quiz – it was super helpful for me in understanding the landscape.

Anyone here have any experience with holding palladium in their self-directed IRA? What are your thoughts on its long-term prospects compared to gold or silver? Are storage fees significantly higher for palladium? I remember the custodian fees for my gold and silver are pretty standard, but I haven't specifically looked into palladium yet. Any insights would be appreciated! Just trying to figure out if this is a smart move or if I should just stick to my current holdings.

4 comments

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Best Answer▲ 10 upvotes

joyce_cooper📊Growing (50-100k)

Hey, cool question! Diversifying with palladium can definitely be smart, especially if you're looking at long-term industrial demand. Just a heads-up though, the options for physical palladium in an IRA can sometimes be a bit more limited compared to gold and silver, both in terms of custodians and the specific products they allow (like certain coins vs. bars).

You might find this guide helpful for understanding the IRS rules around IRA-approved palladium: IRS Publication 590-A. It's not the most exciting read, but it'll lay out exactly what's permissible. Good luck!

Comments (4)

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

Hey, I hear you on the diversification front. After a similar rollover a few years back (nowhere near $3.5M though, congrats on the sale!), I also started looking at other options. Ended up putting a small percentage into palladium and platinum. It's been interesting to watch, definitely adds another layer to the portfolio. Just make sure you do your homework on the storage and fees, as it can be a bit different than just the gold & silver.

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

Hey, that's a big chunk of cash! Congrats on the tech company sale. Out of curiosity, what percentage of your total IRA are you considering allocating to palladium? Just trying to get a sense of your diversification strategy within the precious metals.

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

Hey, totally get wanting to diversify, especially with that kind of capital. But man, Palladium? I dunno. Gold and silver feel like the OGs of precious metals for a reason – they've got that historical stability and broad appeal. Palladium, while it's had its moments, feels a bit more niche and volatile, you know? Like, are you really getting that much *extra* diversification benefit compared to the potential downside if the industrial demand shifts?

Just food for thought. If you're looking to branch out, maybe consider platinum first? It's got a similar industrial demand *and* better historical performance as an investment asset, in my opinion.

joyce_cooper📊Growing (50-100k)✓ Verified•less than a minute ago

Hey, cool question! Diversifying with palladium can definitely be smart, especially if you're looking at long-term industrial demand. Just a heads-up though, the options for *physical* palladium in an IRA can sometimes be a bit more limited compared to gold and silver, both in terms of custodians and the specific products they allow (like certain coins vs. bars).

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