Palladium in the IRA - Anyone dabble? Worth the headache?
- •Been looking at diversifying my precious metals a bit beyond just gold and silver.
- •My Gold IRA's sitting pretty with about $600k in the shiny stuff right now, which is great, don't get me wrong.
- •Maybe 5-10% of my total metals holdings, so we're talking maybe $30k-$60k.
Been looking at diversifying my precious metals a bit beyond just gold and silver. My Gold IRA's sitting pretty with about $600k in the shiny stuff right now, which is great, don't get me wrong. But with all the talk about industrial demand and potential supply constraints for palladium, I've been wondering if it's worth adding a small chunk to my portfolio. Maybe 5-10% of my total metals holdings, so we're talking maybe $30k-$60k.
I know the price swings can be pretty wild with palladium compared to gold, and the spreads can be a killer on the buy/sell. I’m thinking long-term here, probably 10-15 years out, as I start to fully step back from the logistics company and hand the reins over to my son. He’s doing a good job with the Memphis operation, but I want to make sure my golden years (no pun intended) are as secure as possible. I’ve seen some compelling arguments about its use in catalytic converters and emerging tech, which makes me think it still has a lot of runway.
For those of you who have palladium in your self-directed IRA, what’s your take? Did you go with bars, coins? Any particular refiners you prefer for IRA-eligible palladium? What was the process like adding it to your account? Any horror stories or unexpected benefits you’ve encountered? Just trying to gauge if the potential upside outweighs the extra complexity and volatility.