Palladium in my IRA? Worth it? Seeking opinions from the OGs

Paul Hill

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Palladium in my IRA? Worth it? Seeking opinions from the OGs

paul_hill🏆Advanced (250-500k)

about 2 months ago

Key Takeaways

•Okay, so I've been wrestling with this idea lately and need some input from folks who've been around the block a few times with precious metals.
•My IRA is sitting around $380k right now, and a decent chunk of that is in gold and some silver, mostly held with Augusta Precious Metals.
•My advisor mentioned palladium as a potential diversification play, given its industrial demand (auto catalysts especially).

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Okay, so I've been wrestling with this idea lately and need some input from folks who've been around the block a few times with precious metals. My IRA is sitting around $380k right now, and a decent chunk of that is in gold and some silver, mostly held with Augusta Precious Metals. I'm in SLC, and my financial advisor here has been fantastic, really helped me get comfortable with the whole gold IRA world, but even he's a bit on the fence about palladium for my specific situation.

My advisor mentioned palladium as a potential diversification play, given its industrial demand (auto catalysts especially). I've seen the price swings, and honestly, they're a little wilder than I'm used to with gold. On one hand, the potential upside is intriguing, especially if supply continues to be tight. On the other hand, the volatility makes me a bit nervous. I’m thinking maybe 5-10% of my precious metals allocation, if I even decide to jump in. Is anyone here heavily invested in palladium within their IRA? What’s your long-term outlook?

I usually lean into resources like the "Silver vs Stocks" tool on Gold IRA Blueprint (check it out, silvervsstocks.goldirablueprint.com/?period=10Y – it's really useful for comparing performance over different periods) to do my own research before making moves. But palladium feels like a different beast sometimes. Have any of you successfully integrated palladium into your retirement strategy, or did you try and regret it? Is the juice worth the squeeze, or should I just stick to the more traditional gold and silver?

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5 comments

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Best Answer▲ 7 upvotes

ronald_morris👑Elite (1m-5m)

Hey, interesting question. On the palladium front, are you thinking strictly physical palladium, or have you looked into palladium ETFs or futures contracts as well?

Comments (5)

ruth_perez📊Growing (50-100k)•about 2 months ago

Dude, I was in a super similar spot a couple of years back! Had a healthy chunk in gold/silver, also with Augusta actually, and started looking at palladium. Ended up putting a small percentage, like 5-7%, of my IRA into it. It's been a wild ride, for sure, but glad I diversified a bit. Definitely worth looking into the market trends for it now though, things shift fast.

ronald_morris👑Elite (1m-5m)Real Investor•about 2 months ago

Hey, interesting question. On the palladium front, are you thinking strictly physical palladium, or have you looked into palladium ETFs or futures contracts as well?

andrew_roberts👑Elite (1m-5m)Real Investor✓ Verified•about 2 months ago

Honestly, with $380k and already a good chunk in gold and silver, I'd be leaning more towards diversification outside of precious metals to be honest. Palladium is super volatile and I'd be hesitant to put *more* into a similar basket, even if it's a different metal. You've got good exposure already, maybe look at some other asset classes to spread that risk around a bit more? Just my two cents.

carol_carter💰Established (100-250k)Real Investor•about 2 months ago

Hey, that's a solid question about palladium! It definitely has its own unique market dynamics compared to gold and silver. Since you're looking at diversifying within your precious metals IRA, it's worth checking out the spot price history for palladium. It can be a wild ride!

One thing to consider is the bid-ask spread and liquidity for palladium coins/bars that are IRA-approved. Sometimes it's wider than gold or silver, which can impact your entry and exit points. Maybe take a look at this APMEX palladium price chart to get a sense of its volatility over different time frames. Good luck with your research!

david_brown💎Premium (500k-1m)Real Investor•about 2 months ago

Totally agree with what's been said so far. Diversifying within precious metals makes a lot of sense, especially with how volatile things can be.

I also have a pretty chunk of my IRA in gold and silver, but I added palladium a few years back through USA Gold. It's only about 5% of my total metals holdings, but it's done pretty well for me. Might be worth looking into, OP!

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