Palladium in my IRA? Worth it or nah?
- •The whole tech market rollercoaster lately has me feeling a bit antsy, even though my startups are doing well.
- •I'm based in Austin, and even here it feels like things could shift fast.
- •I originally got into precious metals a few years back specifically to hedge against volatility and inflation, and so far, so good.
Okay, so I’ve been heavily weighted towards gold and some silver in my IRA for a while now, probably around 15-20% of my total portfolio (which is hovering around the $750k mark these days). The whole tech market rollercoaster lately has me feeling a bit antsy, even though my startups are doing well. I'm based in Austin, and even here it feels like things could shift fast. I originally got into precious metals a few years back specifically to hedge against volatility and inflation, and so far, so good. Gold has been a rock.
Lately, though, I've been doing some digging into palladium. It's had some crazy swings, which makes me a little nervous, but the industrial demand, especially from catalytic converters, seems pretty solid long-term despite the EV push. I'm wondering if adding a small allocation of palladium to my IRA would be a smart move for additional diversification. We're talking probably 5-10% of my metals allocation, so not a huge chunk, but enough to make a difference.
My main hesitation is obviously the price volatility and the more niche market compared to gold. I saw that Tax Calculator tool for figuring out tax implications, which is super useful, but I'm more focused on the investment thesis right now. Has anyone here added palladium to their Gold IRA, and if so, what's been your experience? Did you regret it, or has it paid off? Any specific research or insights from other entrepreneurs playing the long game would be super helpful. Just trying to see if I'm overthinking this or if there's a compelling argument to make the jump.