Palladium in the IRA - My Experience, Your Thoughts?

• •Been thinking a lot about my precious metals allocation lately, specifically regarding palladium.
• •It’s been a bedrock, frankly, especially with the market gyrations we’ve seen.
• •But I’m always looking to fine-tune, optimize, and sometimes, well, try to get ahead of the curve a bit.

Been thinking a lot about my precious metals allocation lately, specifically regarding palladium. I’ve had a decent chunk of physical gold in my IRA for years, probably around 10-12% of my liquid net, which for me currently is somewhere just north of $3M. It’s been a bedrock, frankly, especially with the market gyrations we’ve seen. But I’m always looking to fine-tune, optimize, and sometimes, well, try to get ahead of the curve a bit.

A few years back, I dipped my toe into palladium. Small position, maybe 150k worth at the time, thinking it would offer an interesting industrial hedge that gold doesn't quite capture. The idea was to diversify within my precious metals holdings. I liked the supply constraints narrative and the increasing demand from the auto industry, even with the EV push on the horizon. For a while, it really paid off, felt like a genius move. Then, predictably, vol started to kick in again in a big way and now it's, shall we say, less stellar than its golden counterpart.

My question for you all is: How are you viewing palladium right now, especially as an IRA asset? Is it worth holding onto for the long game in diversification, or is it becoming more of a tactical trade that perhaps doesn't belong in the relatively stable long-term allocation of an IRA? For someone like me who’s looking at a multi-decade horizon for these assets, the volatility is definitely a consideration, but so is the potential upside if the industrial demand story comes back online with a vengeance.

I’m constantly re-evaluating everything in my portfolio, and the last thing I want is to be emotionally attached to an asset just because it performed well for a bit. My office in Greenwich has an impressive view, but it doesn't offer any clearer insight into commodity futures, unfortunately. Seriously grappling with whether to rebalance out of it and just add more gold/silver, or if I should stick with my thesis. What are your thoughts, especially if you hold it in your own retirement accounts?