Palladium in the IRA - is it still worth it for you guys or have I missed the boat?

Brian Edwards

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Palladium in the IRA - is it still worth it for you guys or have I missed the boat?

brian_edwards🌟Ultra (5m+)

about 5 hours ago

Key Takeaways

•Curious what everyone's current take is on palladium given the run-up we've seen over the last few years.
•Figured it was a good diversification play, especially with the auto industry looking solid.
•My accountant loved the idea, especially with how tight the supply chain looked at the time.

The 3-step rollover process explained

Curious what everyone's current take is on palladium given the run-up we've seen over the last few years. I jumped in pretty heavy back in 2018/2019 when I was setting up a new IRA direct-rollover account – put about $750k of the new funds into palladium bars, another $750k into physical gold, and the rest into more traditional stocks/REITs. Figured it was a good diversification play, especially with the auto industry looking solid. My accountant loved the idea, especially with how tight the supply chain looked at the time.

I'm sitting on some pretty decent paper gains now, but I'm getting antsy. With the push towards EVs, even though platinum could see a good bump, palladium's primary use in catalytic converters feels like it's got a shelf-life. I know it has other industrial uses, but are those enough to offset a big drop in demand from the auto sector in the next 5-10 years? I'm talking about a significant chunk of my alternative assets here. Total portfolio is north of $5M, so not small potatoes. I'm based here in glorious Aspen, and most of my other investments are in commercial real estate development, so I like things a bit more tangible than some of the tech plays out there, but even I'm questioning this one.

My initial thought was to rebalance around 2025, but I'm wondering if I should be thinking sooner. Has anyone here recently diversified out of palladium? Or are you guys still bullish long-term? I'm always using that Retirement Planner tool to model different scenarios, and pulling out a significant chunk of my palladium and reallocating to gold or platinum creates some interesting outcomes for my projected retirement income. Just looking for some real-world thoughts beyond the usual market analysis. Appreciate any insights.

4 comments

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Best Answer▲ 9 upvotes

nancy_hall💰Established (100-250k)

Honestly, while palladium had a great run, I'm a bit more cautious for new allocations in an IRA now. The industrial demand side is strong, but the auto industry is a fickle beast, and with the push towards EVs, the long-term outlook for catalytic converters is, shall we say, evolving. For existing holdings, sure, hold strong, but for fresh cash, I'm leaning more towards a diversified approach with a heavier gold/silver tilt. Just my two cents!

Comments (4)

brian_edwards🌟Ultra (5m+)Real Investor✓ Verified•less than a minute ago

Man, I feel this. I went heavy into platinum a few years back thinking I was being clever, and while it's done *okay*, it's definitely not the rocket ship palladium seemed to be for a bit there. My buddy went in on palladium around the same time you did and he's still gloating, haha. Starting to wonder if I should have just stuck with more gold or diversified into some silver instead. "Missed the boat" is definitely a feeling I can relate to with some of my past investments.

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

Interesting split! You mentioned putting $750k into palladium bars and another $750k into physical gold. Was that a deliberate 50/50 split for diversification, or did you have a specific reason for allocating that much to palladium at the time?

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

Honestly, while palladium had a great run, I'm a bit more cautious for new allocations in an IRA *now*. The industrial demand side is strong, but the auto industry is a fickle beast, and with the push towards EVs, the long-term outlook for catalytic converters is, shall we say, evolving. For existing holdings, sure, hold strong, but for fresh cash, I'm leaning more towards a diversified approach with a heavier gold/silver tilt. Just my two cents!

donna_rogers🏆Advanced (250-500k)Real Investor•less than a minute ago

That's a solid chunk of change you put in! Given the volatility, it's always good to be diversified, even within precious metals. Have you checked out the historical price-to-earnings ratio for palladium compared to gold or even other commodities? Sometimes looking at those long-term trends can help put current prices in perspective for future decisions. It might give you a better feel for whether the "boat" has sailed or is just riding a wave.

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