Palladium in the mix for my IRA - anyone else diversify beyond gold/silver?
- •Been thinking a lot about the current market volatility and, specifically, my precious metal holdings within my IRA.
- •Most of my exposure has been in gold, with a good chunk of silver, but I’m seriously considering adding palladium into the mix.
- •The idea of having all my eggs in a few baskets, even with gold, just doesn’t sit right these days.
Been thinking a lot about the current market volatility and, specifically, my precious metal holdings within my IRA. Most of my exposure has been in gold, with a good chunk of silver, but I’m seriously considering adding palladium into the mix. I’ve been building my portfolio for over 20 years now, currently sitting comfortable north of $5M, mostly in real estate development here in Aspen, but the metal side of things has always been a key diversification strategy for me. The idea of having all my eggs in a few baskets, even with gold, just doesn’t sit right these days.
My concern is obviously hedging against inflation and market downturns, which gold has historically done well for me. I’ve seen my gold holdings do their job more than once. But when I look at the industrial demand for palladium, particularly with its use in catalytic converters and emerging hydrogen technologies, it feels like there’s serious upside potential that’s different from gold or even silver’s drivers. Anyone else holding significant palladium in their IRA? What’s been your experience with it, good or bad? Any particular storage concerns or liquidity issues you’ve run into?
I’ve been playing around with the “Gold vs Stocks Comparison” tool at goldvsstocks.goldirablueprint.com/?period=10Y, specifically looking at the 10-year period, and it’s a stark reminder of gold's stability compared to the broader market and a strong argument for why I have such heavy metal holdings. But I’m wondering if palladium offers enough of a unique benefit to justify adding it to my current mix, or if it might be too niche. My gut says diversify while I can, but I also don't want to get caught up chasing fads. What are your thoughts on adding another precious metal to an already well-established IRA portfolio?