Palladium in my IRA - Worth it these days?
- •I’ve had most of my PM holdings in gold for the last 15 years, mostly physical, but around half a million in a Gold IRA.
- •My Gold IRA is still heavily weighted towards physical gold (American Gold Eagles mainly), and some silver.
- •Gold's been good to me, especially during these past few years of uncertainty.
Been seeing a lot of chatter lately, especially with the economic forecasts, about diversifying beyond just gold and silver in IRS-approved precious metals IRAs. I’ve had most of my PM holdings in gold for the last 15 years, mostly physical, but around half a million in a Gold IRA. As someone who's seen a few boom-bust cycles in the oil industry here in Dallas, I'm always looking at the long game, but also sensitive to market sentiment.
My Gold IRA is still heavily weighted towards physical gold (American Gold Eagles mainly), and some silver. Gold's been good to me, especially during these past few years of uncertainty. But palladium... that's always been a bit of a wildcard in my mind. Remember when it shot up like crazy, and then dipped? That kind of volatility makes me a little hesitant for something I'm tucking away for retirement, you know? On the flip side, it has some serious industrial demand, which gives it a different kind of floor than just safe-haven appeal.
I was playing around with a Gold IRA Calculator the other day, just plugging in some hypothetical figures for an additional allocation, and it got me wondering. If I were to carve out, say, 5-10% of my current IRA and put it into palladium, how are people feeling about that move right now? Is the current price point a decent entry, or are we still looking at too much risk given geopolitical factors and the automotive industry's push towards EVs?
Anyone here in a similar boat, or have a chunk of palladium in their IRA? What’s your rationale? Are you bullish on its long-term prospects, or do you view it more as a shorter-term tactical play? Just trying to gauge the temperature before I seriously consider rebalancing anything. Always appreciate the insights from this community.