Palladium in the IRA? Weighing pros and cons for a tangibles guy

Michael Anderson

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Palladium in the IRA? Weighing pros and cons for a tangibles guy

michael_anderson🏆Advanced (250-500k)

about 8 hours ago

Key Takeaways

•Alright, so I’ve been kicking this around for a while now and need to hear from some of you who might have more experience or different perspectives.
•We're talking probably just shy of half a mil in there, mostly physical.
•Lately, though, I’ve been looking at palladium.

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Alright, so I’ve been kicking this around for a while now and need to hear from some of you who might have more experience or different perspectives. I’ve got a decent chunk of change in my precious metals IRA – mostly gold and some silver, as you'd expect from a guy who’s built his business on tangible assets. We're talking probably just shy of half a mil in there, mostly physical.

My construction business keeps me grounded in the real world, and honestly, the thought of holding something I can literally touch and see gives me way more peace of mind than some abstract stock certificate. Lately, though, I’ve been looking at palladium. It’s had some wild swings, and a buddy of mine from downstate who's also in heavy machinery keeps badgering me about getting into it. He says its industrial demand makes it a no-brainer, especially with all the talk about EV catalytic converters and hydrogen tech down the line. I get that, but it also feels a little more volatile than my comfort zone.

For those of you who have taken the plunge, how much palladium do you allocate within your Gold IRA? Is it a significant portion or more of a satellite position? And what's your long-term outlook on it given the automotive industry's shifts? I'm not looking to put 50k into it tomorrow, but maybe a smaller, strategic play could make sense. Any Chicago-area folks here dealing with the same thoughts? Would love to hear some real-world experiences, not just articles.

4 comments

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Best Answer▲ 7 upvotes

brian_edwards🌟Ultra (5m+)

Hey, I hear you on this one! I was in a similar boat a few years back. Always been a gold and silver guy, but my financial advisor started talking about palladium and platinum. I actually ended up adding a small amount of platinum to my IRA, mostly as a diversifier against my larger gold holdings.

For me, the industrial demand aspect was a big pro, but the price volatility was definitely a concern. It's a tough call, especially when you're used to the stability (relatively speaking) of gold. Good luck with your decision!

Comments (4)

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

joyce_cooper📊Growing (50-100k)✓ Verified•less than a minute ago

Interesting thought process! I'm curious about the "mostly gold and some silver" part of your existing holdings. When you say "some silver," are we talking about 10-20% of your metals portfolio, or something more substantial? Just trying to get a clearer picture of your current allocation before diving into palladium.

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

Interesting thought process, OP. I get the appeal of palladium, especially given its industrial uses and relative scarcity compared to gold and silver. It's definitely got that "tangible asset" feel.

However, while the industrial demand is a strong point, that also makes it a bit more susceptible to economic downturns and shifts in manufacturing, doesn't it? Gold tends to be more of a "flight to safety" during those times. Just something to consider when you're looking at long-term IRA holdings – stability vs. potentially higher but more volatile growth.

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

Hey, I hear you! Palladium can definitely be an interesting addition. One thing I always recommend folks check out is the actual dealer's markup on palladium vs. gold/silver. Sometimes it can be quite a bit higher, which eats into your potential gains, especially on the buy-back side.

You might find this article on dealer premiums helpful for comparing different metals: https://goldsilver.com/blog/gold-and-silver-dealer-premiums-what-you-need-to-know/ Good luck with your decision!

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