Palladium in the IRA - Anyone dabbling these days or sticking to the yellow stuff?

William Davis

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Palladium in the IRA - Anyone dabbling these days or sticking to the yellow stuff?

william_davis💎Premium (500k-1m)

about 8 hours ago

Key Takeaways

•Been hearing a bit more chatter about palladium lately, and it's got me wondering if anyone here has gone beyond gold and silver for their IRA.
•I’ve been a gold bug for about 15 years now, started really piling into it post-2008 when I saw which way the wind was blowing with all the QE.
•Got a pretty decent chunk, probably somewhere north of $700k sitting in physical gold and silver allocated across a couple of storage facilities.

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Been hearing a bit more chatter about palladium lately, and it's got me wondering if anyone here has gone beyond gold and silver for their IRA. I’ve been a gold bug for about 15 years now, started really piling into it post-2008 when I saw which way the wind was blowing with all the QE. Got a pretty decent chunk, probably somewhere north of $700k sitting in physical gold and silver allocated across a couple of storage facilities. Mostly focusing on American Gold Eagles and some Canadian Maples, with a good mix of 100oz silver bars for the longer haul.

My background’s in oil, been in the industry here in Dallas my whole career, so I appreciate a good commodity play. Gold has always been my bedrock for wealth preservation, and it’s served me incredibly well. But palladium... it's a different beast, right? The industrial demand fascinates me, especially with the auto industry and catalytic converters. It hit some insane highs a couple of years back. I completely missed that run, honestly too focused on keeping my gold exposure strong. Part of me feels like I left some serious money on the table, but another part says stick to what you know. Has anyone here actually diversified into palladium for their IRA?

I’m thinking about allocating maybe 5-10% of my new contributions towards it, just to test the waters. Not looking to get rich quick, but hedging against different kinds of market forces has always been part of my strategy. Are the premiums still a killer for palladium coins or bars, especially for IRA-approved stuff? And what about liquidity if I ever need to offload it in a pinch? I’m used to the relative ease of trading gold. Any Dallas folks have experience with local dealers making good markets for palladium? I’m open to hear pros, cons, and outright warnings. Let me know your thoughts!

4 comments

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Best Answer▲ 5 upvotes

sharon_evans💰Established (100-250k)

Hey, interesting question! While gold is definitely the classic for a reason, it's smart to consider other options, especially with how the market's been. If you're looking into palladium or other precious metals for your IRA, make sure you're using a custodian that specializes in alternative assets. Not all of them are set up for it, and you don't want any headaches down the line.

I found this guide a while back that breaks down some of the top gold IRA custodians and their offerings beyond just gold. Might be a good starting point for you: https://www.investopedia.com/best-gold-ira-companies-6741757

Comments (4)

charles_lewis💎Premium (500k-1m)Real Investor•less than a minute ago

Totally get this. I've been a gold and silver guy forever too, mainly because that's what I knew. But when palladium spiked a few years back, I actually sold off a small chunk of my silver and dipped my toes in. It was a pretty wild ride, not gonna lie! Now thinking about platinum as well, diversification is key, right?

maria_campbell📊Growing (50-100k)✓ Verified•less than a minute ago

Interesting post! Always good to hear about folks diversifying. You mentioned 2008 and QE as a turning point for you to get into gold. What was it specifically about the palladium chatter lately that piqued your interest now?

ronald_morris👑Elite (1m-5m)Real Investor•less than a minute ago

Interesting thought, but I'm still firmly in the gold and silver camp for my IRA. Palladium's price swings can be pretty wild, and while there's certainly potential, I prefer the stability and long-term track record of the "yellow stuff" for retirement savings. Diversification is good, but maybe not *that* diversified for an IRA, IMO.