Palladium in my IRA? Worth it? Thinking about dropping some serious cash.
- •Okay, so I've been kicking around the idea of adding some palladium to my Gold IRA.
- •Currently sitting on a pretty good mix of gold and some silver, as you'd expect.
- •I'm looking at allocating maybe 5-10% of my overall precious metals holdings to it.
Okay, so I've been kicking around the idea of adding some palladium to my Gold IRA. Currently sitting on a pretty good mix of gold and some silver, as you'd expect. My overall portfolio is doing its thing, but I've been watching palladium's volatility over the past few years, and frankly, its industrial demand is pretty compelling, especially with the EV push (catalytic converters might shift, sure, but other industrial uses are growing). I'm in Greenwich, running pretty tight models for my day job, and I'm usually more of a 'proven track record' guy, but with geopolitical instability and supply chain issues, palladium feels like it could be a real dark horse.
I'm looking at allocating maybe 5-10% of my overall precious metals holdings to it. So, think somewhere in the realm of $50k to $100k, maybe a bit more depending on dip opportunities. My main concern is liquidity if I ever need to rebalance quickly, and the fact that it's notoriously a bit tougher to track and store securely compared to gold. My wife thinks I'm crazy for even considering it, especially after seeing gold hit those new highs. She'd rather I just pile more into solid gold bars to be honest.
Anyone here actually have palladium in their self-directed IRA? What's your experience been like with it? Are you seeing the industrial demand translate into sustained value, or is it just too much of a wild card? I'm trying to decide if the upside potential truly outweighs the added risk and less straightforward storage/liquidation process compared to, say, a straightforward 1oz gold American Eagle.
Seriously considering pulling the trigger soon, but would love some real-world input. Am I overthinking the risk, or is this the kind of play that could actually generate some serious alpha for the PM allocation?