Palladium in the IRA - is it still a wise move for long-term hold?

• •Been seeing a lot of chatter lately about palladium's recent performance, and it's got me thinking about my own allocation.
• •For background, I've got a decent chunk – somewhere in the low 7-figures – of my retirement portfolio in various precious metals through my IRA.
• •A good 15-20% of that is palladium bars and coins, accumulated mostly between 2017 and 2020.

Been seeing a lot of chatter lately about palladium's recent performance, and it's got me thinking about my own allocation. For background, I've got a decent chunk – somewhere in the low 7-figures – of my retirement portfolio in various precious metals through my IRA. A good 15-20% of that is palladium bars and coins, accumulated mostly between 2017 and 2020. I remember feeling really good about it then, especially given the industrial demand and supply constraints arguments. I mean, who wants platinum when palladium is doing its thing?

Now, I'm retired down in Palm Beach, spending more time on the golf course than staring at market charts, but I do keep an eye on things. That palladium position was always meant to be a long-term hold, a hedge against uncertainty, much like the rest of my physical gold and silver. But watching it dip below platinum again has me wondering if I should be re-evaluating. I see the industrial demand still there, especially with green tech and catalysts, but the price action has just been… well, it’s been a bit of a Gut punch compared to its peak.

I’m not one to panic sell, especially with something I hold in an IRA; the tax implications alone give me pause. Plus, I truly believe in the intrinsic value of these metals. But I’m curious, for those of you with significant palladium holdings in your IRAs – are you planning to hold indefinitely, or are you considering any rebalancing given the current market? Is the long-term outlook still as strong as it once seemed, or am I wearing rose-tinted glasses from my beach chair?

Anyone else feeling this introspection about their palladium? Or am I just overthinking it now that I have more time on my hands?