Palladium in the IRA - is it still worth looking at?
- •I've been looking at my portfolio lately, and honestly, the palladium side of things has me wondering.
- •Now, seeing how palladium has been performing, I'm second-guessing that decision a bit.
- •It’s been a rough ride compared to gold, which just seems to keep chugging along.
I've been looking at my portfolio lately, and honestly, the palladium side of things has me wondering. I started with my gold IRA a few years back, maybe like 2018 or so, primarily to supplement my government pension here in Albuquerque – trying to hit that 100k mark for my precious metals by the time I retire, which is still a ways off. Gold and silver were the mainstays, but I threw in a decent chunk into palladium when the prices were doing really well, thinking it was a smart diversification play.
Now, seeing how palladium has been performing, I'm second-guessing that decision a bit. It’s been a rough ride compared to gold, which just seems to keep chugging along. Part of me thinks it’s just a dip and it’ll eventually rebound because of its industrial uses, especially with the push for greener tech and catalytic converters. But then the other part of me wonders if I should just consolidate more into gold and silver, which feel like safer bets for the long haul in an IRA.
Anyone else in a similar boat with palladium in their IRA? Are you holding strong, or have you reallocated? I'm curious about the long-term outlook from other investors. Is the risk/reward still there for IRA holdings, especially for someone like myself who's not trying to actively trade, but rather preserve wealth and hedge against inflation?
I’ve been trying to educate myself more on this, sifting through articles. The Learning Center has some good stuff, but I’m really looking for some anecdotal experiences from folks who’ve actually held palladium for a while. What are your thoughts on its place in a retirement portfolio these days?