Palladium in my IRA - worth it? Thoughts?

Richard Garcia

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Palladium in my IRA - worth it? Thoughts?

richard_garcia👑Elite (1m-5m)

about 1 month ago

Key Takeaways

•Okay, so I've been sitting on a pretty substantial gold position for years now, ever since I retired from the energy sector here in Houston.
•My IRA is heavy on it, and it's served me incredibly well.
•We’re talking a decent chunk of my 2-million-dollar portfolio is tied up in physical gold.

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Okay, so I've been sitting on a pretty substantial gold position for years now, ever since I retired from the energy sector here in Houston. My IRA is heavy on it, and it's served me incredibly well. We’re talking a decent chunk of my 2-million-dollar portfolio is tied up in physical gold. But lately, I’ve been kicking around the idea of diversifying some of that precious metals allocation into palladium. I'm looking at potentially moving, say, $100k-$200k over.

My concern is volatility. Gold’s been a rock, and while it bounces around, it generally holds its value beautifully. Palladium, on the other hand, has had some wilder swings. I remember watching it spike pre-2022 and thinking, "Man, should I have gotten in then?" Then it came back down to earth a bit. As someone who’s used to more predictable returns (even with the energy market’s ups and downs, which I navigated for 30+ years), it makes me a little hesitant. Is the industrial demand strong enough long-term to justify allocating a significant chunk of my retirement savings to it?

I’m also wondering about the practicalities of a palladium IRA. Are the storage fees higher? Liquidity concerns? I’ve seen some conflicting info out there, and I want to make sure I’m not overlooking any gotchas. I’m thinking long-term here, for my kids and grandkids, so I don’t want to make a rash decision. I’ve been using Silver vs Stocks to compare silver’s performance to the broader market, which has been really insightful, but there isn't a direct palladium comparison on there that I've found.

What are your experiences with palladium in an IRA? Did you jump in big, or just dip your toe? How has it performed for you over the last 5-10 years? Any insights into the industrial demand outlook, especially with the push towards EVs? Any advice or cautionary tales would be greatly appreciated.

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5 comments

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Best Answer▲ 9 upvotes

kenneth_parker💎Premium (500k-1m)

Honestly, with a "pretty substantial gold position" and a "decent chunk" of a $2M portfolio already in physical gold, are you really looking for more metals exposure? Especially with palladium, which can be pretty volatile and has a narrower industrial use case than gold or even silver.

I get why people look for diversity, but sometimes having too many niche assets can actually complicate things more than help. If your gold has served you "incredibly well," maybe stick with what's working rather than chase the next shiny thing.

Comments (5)

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

Hey, I hear you on the gold front! I've been in a similar boat, heavy on gold in my Roth, and it's definitely been a solid performer. My broker actually brought up palladium to me a few months back for the same reasons you're thinking – diversification and the industrial demand angle.

I ended up dipping my toes in, just a small percentage of my precious metals allocation. So far, it's been interesting to watch. Definitely not the same as gold, but the volatility can be appealing if you're looking for that kind of movement. Good luck with your decision!

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

Houston, huh? Interesting. Are you specifically looking at palladium for its industrial demand, or more as a diversification play against your existing gold holdings? Just curious what's making you consider it now after all these years with gold.

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

charles_lewis💎Premium (500k-1m)Real Investor•about 1 month ago

Totally get the curiosity about palladium, especially when you've already seen success with gold! One thing to consider is the IRS regulations for IRA-approved metals – make sure any palladium you look at meets their purity standards (99.95% is generally the sweet spot for bars and rounds). There are specific mints and refiners that produce IRA-eligible palladium, so it's worth double-checking that before you pull the trigger.

joyce_cooper📊Growing (50-100k)✓ Verified•about 1 month ago

I hear you on this! I've been eyeing palladium for a while now too, for pretty much the same reasons – wanting to diversify away from just gold. My portfolio isn't nearly as big as yours, but having over 60% of it in gold feels a bit... undiversified, even if it's been great for me.

I've been looking at buying some 1oz Canadian Maple Leaf palladium coins to add to my precious metals IRA. They seem like a solid, recognizable option if I do decide to pull the trigger.

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