Palladium in the IRA - Anyone else seeing the potential or just me?
- •Been doing a deep dive into my IRA lately, as one does heading into the winter months down here in Palm Beach.
- •We're talking a solid seven-figure chunk, well into the 1-5M range, safely tucked away and diversified.
- •Up until recently, I’ve mostly stuck to the tried and true.
Been doing a deep dive into my IRA lately, as one does heading into the winter months down here in Palm Beach. My metals allocation is already pretty substantial, as many of you know – I've been a firm believer in physical gold and silver as a bedrock of a portfolio for decades. We're talking a solid seven-figure chunk, well into the 1-5M range, safely tucked away and diversified. Up until recently, I’ve mostly stuck to the tried and true. But I’ve been looking at palladium, specifically the potential for it within an IRA, and it's got me thinking.
My advisor and I have chewed over it a few times. The industrial demand, especially for catalytic converters, feels like a strong underlying factor, even with the EV transition gaining traction. It’s got a much smaller market than gold, which means price swings can be more dramatic, but also potentially more rewarding. We’re talking about potentially allocating a small percentage, maybe 5-10% of my overall metals, to palladium. It feels like a calculated risk, given the geopolitical uncertainties and supply chain issues that always seem to be circling these days. My initial thought was to stick to the traditional IRA-eligible coins/bars, but I’m open to hearing experiences here.
For those of you who have taken the plunge and included palladium in your precious metals IRA, what’s been your experience? Any regrets or pleasant surprises? What kind of allocation percentage did you go with, and what was your reasoning? I’m particularly interested in hearing about the logistics and any unforeseen wrinkles for IRA-eligible palladium. Just trying to see if my own analysis is aligning with real-world outcomes. Thanks in advance for any insights.