Palladium in my IRA? Worth it? Thinking about dropping some cash.

Paul Hill

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Palladium in my IRA? Worth it? Thinking about dropping some cash.

paul_hill🏆Advanced (250-500k)

about 1 month ago

Key Takeaways

•Plus, seeing tools like the Gold vs Stocks Comparison just solidifies my choices – gold has really held its own over the last decade.
•Now, I’m looking at diversifying a bit within the precious metals space, and palladium keeps coming up.
•I know it’s been through some crazy price swings, which makes me a little nervous, but the industrial demand seems to keep it relevant.

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Okay, so I've been wrestling with this idea for a bit now, and I wanted to get some other perspectives, especially from those of you who've been around the block a few times with precious metals.

I currently have a pretty solid Gold IRA, sitting comfortably at around $350k, mostly in physical gold I moved over from a previous 401k just before things started getting wild in 2020. My financial advisor here in SLC has been great, really helped me understand the ins and outs of gold, and frankly, I sleep a lot better knowing that chunk of my portfolio isn't riding solely on the stock market rollercoaster. Plus, seeing tools like the Gold vs Stocks Comparison just solidifies my choices – gold has really held its own over the last decade.

Now, I’m looking at diversifying a bit within the precious metals space, and palladium keeps coming up. I know it’s been through some crazy price swings, which makes me a little nervous, but the industrial demand seems to keep it relevant. Has anyone here added palladium to their IRA? What’s your experience been? Is it more of a short-term play, or do you see it as a long-term hedge like gold? I'm thinking of allocating maybe 5-10% of my current gold holdings into palladium, but I'm hesitant to pull the trigger without more intel from real investors.

Any thoughts on palladium's place in a retirement portfolio, specifically? Am I just getting swept up in the recent hype, or is there a genuine case for its inclusion as a long-term asset? Looking forward to hearing your insights!

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5 comments

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Best Answer▲ 9 upvotes

michelle_collins🏆Advanced (250-500k)

While I totally get the appeal of palladium, especially with its impressive run, I'd caution against putting a significant chunk of your $350k Gold IRA into it. Diversification is key, of course, but palladium can be a lot more volatile than gold. Its industrial demand is a huge driver, and that can swing pretty wildly with economic cycles.

Maybe consider a smaller allocation if you're really set on it? It's not like gold, which has that long-standing safe-haven appeal and a much broader investor base. Just my two cents, but it might be worth exploring other metals that offer a bit more stability as a hedge.

Comments (5)

kenneth_parker💎Premium (500k-1m)Real Investor✓ Verified•about 1 month ago

Hey, cool post! I actually went through a similar thought process a few months back. Had a good chunk of my IRA in gold, and started eyeing palladium because of some of the industrial demand chatter. Ended up putting a small percentage in, not a huge amount, but enough to feel like I had some exposure. It's been interesting to watch, but definitely a smaller slice of the pie for me compared to gold.

joshua_phillips🏆Advanced (250-500k)Real Investor✓ Verified•about 1 month ago

Hey, interesting thought on palladium. You mentioned your Gold IRA is mostly physical gold – are we talking actual coins and bars, or more like ETFs/funds based on physical gold? Just curious how hands-on you are with your current holdings.

michelle_collins🏆Advanced (250-500k)Real Investor•about 1 month ago

While I totally get the appeal of palladium, especially with its impressive run, I'd caution against putting a *significant* chunk of your $350k Gold IRA into it. Diversification is key, of course, but palladium can be a lot more volatile than gold. Its industrial demand is a huge driver, and that can swing pretty wildly with economic cycles.

dorothy_lopez💰Established (100-250k)Real Investor•about 1 month ago

Hey, that's a good chunk of change in gold already, sounds like you're doing well! Regarding palladium, it's definitely an interesting one and can offer some good diversification. One thing to keep in mind is the bid-ask spread on palladium can sometimes be wider than gold or silver, especially for smaller purchases, so it's good to factor that into your cost analysis.

You might find this Dummies.com article on palladium in an IRA pretty helpful. It breaks down some of the pros and cons and things to consider before diving in. Good luck!

carol_carter💰Established (100-250k)Real Investor•about 1 month ago

Totally agree with you, OP! Palladium has been a fantastic performer. I've had about 15% of my precious metals IRA in palladium for the past 5 years and it's easily outpaced my gold and silver holdings. Might be worth considering a small allocation to it.

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