Palladium in the mix? My Gold IRA strategy

Frank Rivera

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Palladium in the mix? My Gold IRA strategy

frank_rivera💎Premium (500k-1m)

about 1 hour ago

Key Takeaways

•Been thinking a lot about diversifying within my precious metals IRA.
•Currently sitting on a pretty solid gold and silver allocation – probably around 70/30 split.
•The gold side is nearing the $600k mark , which feels good, especially living out here in Hawaii.

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Been thinking a lot about diversifying within my precious metals IRA. Currently sitting on a pretty solid gold and silver allocation – probably around 70/30 split. The gold side is nearing the $600k mark, which feels good, especially living out here in Hawaii. Always got an eye on the global markets from a Pacific perspective, and seeing how things are shifting, I'm wondering if adding palladium makes sense.

My initial thought was to stick with the tried and true, but then I started looking at palladium's industrial demand, especially with the EV push. It's not just about catalytic converters anymore, right? Are any of you folks in a similar boat, or have you already dipped your toes into palladium within your IRA? I’m retired military, and while I’m not exactly risk-averse, I’m also not looking to make any wild gambles with my retirement nest egg. It took decades to build this up.

I’ve been doing some homework, mainly checking out resources like the Learning Center. It's actually been a pretty solid spot for understanding the different IRS rules and storage options. My current custodian is fantastic, but I want to make sure I’m asking the right questions before making any significant moves. What percentage of your overall precious metals portfolio would you consider reasonable for palladium, if any? And are there any specific indicators you watch for when considering palladium investments?

Part of me feels like it's a "why not" scenario – a way to add another layer of protection against inflation and currency devaluation. But the other part of me is cautious about the volatility. Anyone had any major regrets or successes with palladium in their IRA? I’m really interested in hearing from those of you who have direct experience. Appreciate any insights you can share!

3 comments

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Best Answer▲ 8 upvotes

joshua_phillips🏆Advanced (250-500k)

Interesting strategy, but I'm curious why palladium specifically? While it's definitely a precious metal, its industrial demand makes it a bit more volatile than gold or silver, which are primarily monetary metals. With a portfolio already at $600k in gold, wouldn't something like platinum offer a more similar "safe-haven" feel if you're looking to diversify beyond just gold and silver, but still within the PGMs? Just a thought!

Comments (3)

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

Dude, I'm right there with you on thinking about palladium. My Gold IRA is about half the size of yours but I've been eyeing palladium for a while. Funny enough, my dad actually suggested it to me years ago before it really took off. Kicking myself for not listening then! Now I'm seriously considering adding a small percentage to my allocation once I hit my next gold purchase goal.

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

That's a pretty hefty gold allocation! Sounds like you're doing well. You mentioned a 70/30 gold/silver split. Is that 70% of your total portfolio, or 70% of your precious metals holdings within the IRA?