Palladium in the IRA - anyone seen returns or just dead weight?

Paul Hill

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Palladium in the IRA - anyone seen returns or just dead weight?

paul_hill🏆Advanced (250-500k)

about 2 months ago

Key Takeaways

•Okay, so I've been kicking around the idea of diversifying my metals IRA a bit beyond just gold and silver.
•He's got some clients in Northern California who've apparently done well with it.
•My main hesitation is that gold and silver have been my bread and butter – tried and true, especially with everything going on.

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Okay, so I've been kicking around the idea of diversifying my metals IRA a bit beyond just gold and silver. My advisor (who's usually spot on, mind you, helped me get my $350k into a Gold IRA when things were looking shaky a couple of years back) mentioned palladium as a potential hedge. He's got some clients in Northern California who've apparently done well with it. My main hesitation is that gold and silver have been my bread and butter – tried and true, especially with everything going on.

I'm up here in Salt Lake City, and while the gold market feels pretty stable, palladium just seems... different. It's got that industrial demand angle, which is a double-edged sword, right? Good when manufacturing is humming, but what happens if there's another major slowdown? I'm not looking for some crazy moonshot, just something that can hold its own and ideally appreciate over the next 5-10 years as part of my retirement strategy.

Has anyone here actually invested in physical palladium for their IRA? Not just theoretical talk, but real-world experiences. Did you see decent returns, or has it been kind of stagnant? I'm talking about the actual coins or bars held by the custodian, not some stock fund. My advisor is suggesting a small percentage, maybe 5-10% of my total metals holdings, but even that feels like a leap without some real-world data points from you all. Any horror stories or surprising successes out there?

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barbara_white🏆Advanced (250-500k)

Just started my rollover process last month. The paperwork alone almost made me quit lol.

Comments (8)

gary_stewart📊Growing (50-100k)•about 2 months ago

Haha, "dead weight" is a good one. I actually dabbled in palladium a few years back, not in an IRA but just as a small personal investment. My returns were... not stellar. It wasn't a huge loss, but definitely didn't see the kind of movement I was hoping for, especially compared to gold at the time. Curious to see what others' experiences have been in an IRA context though, maybe that's a different beast.

nancy_hall💰Established (100-250k)Real Investor•about 2 months ago

Interesting. Your advisor mentioned palladium as a 'potential hedge' but did he elaborate on *what* it's hedging against specifically? Gold and silver often hedge against inflation or economic instability. Just curious what kind of scenario palladium is supposed to be good for.

janet_cook📊Growing (50-100k)•about 2 months ago

Interesting thought on palladium. While your advisor's usually on the money, I've heard mixed things about it for an IRA. It's definitely got industrial demand, but the price can be pretty wild compared to gold or even silver.

I'd personally be a bit wary of putting significant chunks of an IRA into something quite so volatile. Gold and silver feel like the more traditional "safe haven" for a reason, you know? Just my two cents, but maybe dig a little deeper into palladium's specific market drivers before committing.

gary_stewart📊Growing (50-100k)•about 2 months ago

Interesting thought about palladium! It definitely has its moments, but it can be a wild ride compared to gold and silver. One thing to keep in mind, especially with the IRA, is the spread between buying and selling palladium. It can be wider than with the more common metals, which eats into your returns.

You might find this article on investing in palladium helpful for a broader perspective before making a decision. Good luck!

susan_clark💰Established (100-250k)Real Investor•about 2 months ago

Totally agree with your advisor on this one. I diversified into palladium a couple of years ago, and while it's not the superstar gold and silver have been recently, it's definitely not dead weight. My portfolio's up about 12% on the palladium portion since late 2021, which for a "hedge" is pretty solid in my book. It definitely adds a different flavor to the metals mix.