Palladium in the IRA - anyone else thinking about this?
- •Okay, so I've been diving deeper into my portfolio and considering some diversification beyond just gold and silver.
- •I started it up about five years ago, building it up through a combination of rollovers from old 401ks and direct contributions.
- •Lately, we've been chatting a lot about palladium.
Okay, so I've been diving deeper into my portfolio and considering some diversification beyond just gold and silver. My Gold IRA is sitting pretty nice right now, hovering around $380k, and I'm really happy with how it's performed, especially with all the market turbulence recently. I started it up about five years ago, building it up through a combination of rollovers from old 401ks and direct contributions. My advisor here in SLC has been a huge help in getting me comfortable with precious metals, and he's been pushing me to think strategically about other options.
Lately, we've been chatting a lot about palladium. I know it's a much smaller market than gold or silver, and it can be a lot more volatile, but the industrial demand aspect is really intriguing to me. Specifically, the catalytic converter angle, but also its role in other tech and medical applications. Part of me thinks it could be a great way to hedge against certain industrial trends that gold and silver might not capture as directly. I've been doing my own research and digging through articles in the Learning Center, which has been super helpful for understanding the pros and cons.
My concern, naturally, is the liquidity and the premium. Is it worth the higher spread compared to gold, especially for a long-term hold in an IRA? I'm not looking to put a massive chunk of my IRA into palladium, maybe 5-10% initially. But for those of you who have taken the plunge, how has your experience been? Did you regret it, or are you glad you diversified into palladium? Any insights on custodians that are particularly good for palladium storage within an IRA would also be awesome to hear. Thanks!