Palladium in the IRA - good idea or just more complexity?

Kenneth Parker

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Palladium in the IRA - good idea or just more complexity?

kenneth_parker💎Premium (500k-1m)

about 11 hours ago

Key Takeaways

•Been thinking a lot about diversifying my precious metals IRA beyond just gold and silver.
•This whole succession planning has me really re-evaluating everything and trying to bulletproof my retirement fund as much as possible.
•Palladium has been catching my eye.

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Been thinking a lot about diversifying my precious metals IRA beyond just gold and silver. I’m sitting on about $750k in my IRA right now, mostly physical gold and some silver, and I'm prepping my logistics company here in Memphis for my son to take over in the next couple of years. This whole succession planning has me really re-evaluating everything and trying to bulletproof my retirement fund as much as possible.

Palladium has been catching my eye. I know it’s used heavily in catalytic converters, and with the push for more environmental regulations globally, that demand isn't going away anytime soon, even with EVs gaining traction. I’m just wondering if it's worth adding to my IRA. I’ve seen some decent returns on it over the past few years, but it also seems to be a lot more volatile than gold.

Anyone here already have palladium in their self-directed IRA? What's been your experience? Is the added potential for growth worth the higher volatility compared to gold? Or am I just overthinking it and should stick to the tried and true?

Also, any recommendations for custodians who are good with palladium specifically? My current one is fine with gold and silver, but I haven't even broached the subject of palladium yet. Don't want to get hit with a bunch of extra fees just for adding another metal. Appreciate any insights folks can share!

5 comments

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Best Answer▲ 10 upvotes

charles_lewis💎Premium (500k-1m)

Interesting thought process, and congrats on the succession planning! While palladium definitely has its industrial uses and can be a good diversifier, I'd also consider platinum as a strong contender, especially if you're looking for something with a potentially lower entry point right now. Its industrial demand is also solid, and it's often overlooked compared to palladium. Just something to chew on while you're weighing your options.

Comments (5)

laura_sanchez💰Established (100-250k)Real Investor✓ Verified•less than a minute ago

Hey, I hear you on the diversification front. I actually had a similar thought process a few years back with my own biz. Ended up adding some platinum to my metals IRA, not palladium, but the core idea was the same – trying to spread things out a bit beyond just gold and silver. It definitely added a layer of complexity to the research phase, figuring out storage and all that, but I feel more comfortable with the overall allocation now. Good luck with the succession planning too!

nancy_hall💰Established (100-250k)Real Investor•less than a minute ago

Hey, interesting thought on palladium! I'm curious about the logistics company you mentioned. Is that a factor in why you're considering further diversification with palladium now, or is it more about the general market outlook?

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

betty_king📊Growing (50-100k)•less than a minute ago

Hey there! Great question about palladium. It definitely adds another layer of diversification, especially with the industrial demand side.

One thing to consider is the bid-ask spread and liquidity compared to gold or silver. It can sometimes be wider. Also, make sure you're aware of the specific IRS requirements for palladium purity if you're putting it into an IRA. IRS Publication 590-A is a good, albeit dry, read to ensure compliance for any precious metals in your IRA.

jason_morgan💰Established (100-250k)Real Investor✓ Verified•less than a minute ago

Totally agree with you on this. I've been eyeing palladium too for similar reasons – diversifying beyond gold and silver. It just seems like a smart move, especially with the way the market's been. My portfolio is a bit smaller, around $200k, but I also have a significant chunk in physical gold. I'm thinking of allocating about 10-15% of my precious metals holdings to palladium. Good luck with the succession planning for your company, sounds like a big undertaking!

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