Palladium in the IRA - is it the golden child or a risky bid?

Brian Edwards

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Palladium in the IRA - is it the golden child or a risky bid?

brian_edwards🌟Ultra (5m+)

about 6 hours ago

Key Takeaways

•Thinking about finally pulling the trigger on adding some palladium to the Gold IRA.
•I’m a real estate developer, so I'm used to seeing long-term value, and I've always been keen on tangible assets.
•I bought into gold pretty early and heavy back in 2010 after seeing the writing on the wall, and that move alone has netted me a tidy sum.

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Thinking about finally pulling the trigger on adding some palladium to the Gold IRA. I’ve been sitting on a hefty chunk of physical platinum for a while now, mostly for the industrial demand angle, and that's performed pretty decently. But with all the chatter about palladium's potential, especially with the EV market and the move away from traditional ICE, I'm wondering if it’s time to diversify that precious metals allocation within the IRA.

My current setup is pretty gold-heavy, with about 60% of my ~$5.5M in precious metals holdings in various gold coins and bars, another 30% in platinum, and the remaining 10% in silver just for kicks. I’m a real estate developer, so I'm used to seeing long-term value, and I've always been keen on tangible assets. The Gold IRA has been a fantastic hedge against the volatility in other parts of my portfolio, and it’s been particularly comforting given the general market jitters we’ve seen. I bought into gold pretty early and heavy back in 2010 after seeing the writing on the wall, and that move alone has netted me a tidy sum.

Now, palladium. The price action has been a rollercoaster, which honestly gives me some pause. I remember seeing it soar, then dip significantly. For those of you who have it in your IRA, what's your long-term outlook? Are you buying more on the dips, or are you holding off for more stability? What allocation percentage do you feel comfortable with? I’m based in Aspen, and while the mountains are beautiful, sometimes it feels a bit isolated from the nitty-gritty financial discussions. I definitely hit up the Learning Center when I'm doing my research, especially to get a better handle on the tax implications and storage requirements for palladium, but I'm looking for some real-world perspectives from other investors here.

I’m thinking of putting maybe 5-10% of my precious metals IRA allocation into palladium, potentially rebalancing some of my gold or platinum holdings if it makes sense. My primary goal isn't necessarily a moonshot, but rather enhanced diversification and a hedge against inflation. For those who own it, are you seeing the industrial demand forecasts hold up in terms of price support? And for those who don’t, what’s holding you back?

4 comments

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Best Answer▲ 3 upvotes

joyce_cooper📊Growing (50-100k)

Hey, interesting question! Palladium definitely has its ups and downs. One thing I've found super helpful when looking at the industrial demand side of these metals is to check out reports from organizations like the World Platinum Investment Council (WPIC).

Even though they focus on platinum, their reports often have great insights into the broader PGM market (platinum group metals) which includes palladium, and how industrial trends might impact prices. Good luck with your decision!

Comments (4)

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

Dude, I'm right there with you. I've had platinum for ages too, and it's been a slow and steady winner. But the palladium buzz is real. I actually dipped my toes in a few months back, just a small amount, and so far so good. Nothing crazy, but definitely outperforming my gold holdings in the same timeframe. I'm keen to see what others are saying about it here before I go deeper.

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

Hey, interesting thought on palladium. Since you've been holding platinum, I'm curious – have you factored in the premium on palladium compared to its spot price? I know it can be a significant difference for physical precious metals, and wondering if that's influencing your decision at all.

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

Interesting thought process, and platinum's industrial demand is definitely a solid angle. But with palladium, while the "chatter" is there, I'm a bit more cautious. It seems like the supply chain issues for palladium are pretty significant, and that makes me wonder if the current price is a bit artificially inflated. Plus, the industrial demand for palladium is pretty concentrated, unlike the broader demand for gold or even silver.

I'd personally stick with what's proven its resilience and broader market appeal for an IRA, but I get the allure of chasing the next big thing. Just something to consider before you pull that trigger.