Palladium in the IRA? Weighing it against gold

William Davis

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Palladium in the IRA? Weighing it against gold

william_davis💎Premium (500k-1m)

about 2 hours ago

Key Takeaways

•Thinking about diversifying my precious metals IRA a bit more beyond just gold.
•My portfolio's hovering somewhere between $700k-$800k, so it’s not chump change and I’m pretty careful about any big shifts.
•Lately, Palladium has been catching my eye.

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Thinking about diversifying my precious metals IRA a bit more beyond just gold. I've been in the game for about 15 years now, primarily sticking to gold in my IRA – always felt like the safest, most reliable bet, especially with my background in oil and understanding how foundational certain commodities are. My portfolio's hovering somewhere between $700k-$800k, so it’s not chump change and I’m pretty careful about any big shifts.

Lately, Palladium has been catching my eye. It's had some wild swings, obviously, but the industrial demand, especially from auto catalysts, seems like it's not going anywhere soon. Gold is my bedrock, always will be, but I'm wondering if adding a segment of palladium could offer some upside I'm currently missing out on. I live down here in Dallas, and you see folks making all sorts of bets, but typically not in the precious metals space as much – it’s mostly real estate or energy. So, I don't have a lot of local folks to bounce this off of.

For those of you with palladium in your self-directed IRAs, what's your take? Is it worth the volatility for the potential gains, or is it just too much of a rollercoaster, especially compared to the steady hand of gold? I'm not looking to move a huge chunk, maybe 5-10% of my total metals allocation, but even that's a significant amount in real dollars. I'm keen on hearing from people who've actually done it and what their experience has been like. Any particular custodians you’d recommend for holding palladium specifically?

I stumbled across this Gold IRA Quiz the other day – actually pretty useful for sanity checking some of my existing knowledge and even gave me a few fresh perspectives on structuring my metals. Might be helpful for anyone relatively new to the precious metal IRA scene, or even just as a quick refresher. Anyway, any thoughts on palladium are much appreciated.

4 comments

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Best Answer▲ 8 upvotes

donna_rogers🏆Advanced (250-500k)

Totally get where you're coming from! I had a similar thought process a few years back. Always had my IRA in gold, felt like the old reliable. But then I started looking into palladium, mostly driven by some articles I read about its industrial demand. Ended up adding a small percentage to my portfolio – not a huge chunk, but enough to feel like I was diversifying without going wild. Interested to hear what others think about it too!

Comments (4)

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

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

Interesting thought! So you've been in gold for 15 years, that's a good run. I'm curious, when you say "fondational certain commodities," are you specifically talking about the industrial uses of palladium?

matthew_murphy👑Elite (1m-5m)Real Investor•less than a minute ago

Interesting thought process, given your background. While palladium has definitely seen some impressive runs, I'm a bit more cautious about its long-term stability in an IRA compared to gold. Gold's role as a monetary metal and a safe haven feels inherently more robust, even if its industrial demand isn't as flashy as palladium's. It's a different kind of "foundational" commodity, IMO. No doubt it has its place, but maybe not as a primary diversification strategy that rivals gold's stability.

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

Hey, that's a solid 15 years in the game! Diversifying beyond gold is definitely something to consider. While palladium has its own merits, especially with its industrial demand, it's also a lot more volatile than gold.

One thing to keep in mind is the bid/ask spread on palladium coins and bars can be quite a bit wider than gold or silver, which eats into your returns when you decide to sell. It might be worth checking out some historical spread data for palladium versus gold before you make a move. Good luck!

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