Palladium in my IRA? Worth it or nah?

Janet Cook

Back to forum

🥈 Silver Coins

Palladium in my IRA? Worth it or nah?

janet_cook📊Growing (50-100k)

about 2 months ago

Key Takeaways

•I'm seriously considering adding some palladium to my Gold IRA, and I wanted to get some thoughts from the community here.
•I've been a gold bug for decades, mainly focusing on physical gold and silver through my jewelry store here in Providence.
•The past few years have been good, but I'm looking to diversify a bit more.

Compare top Gold IRA companies — free

I'm seriously considering adding some palladium to my Gold IRA, and I wanted to get some thoughts from the community here. I've been a gold bug for decades, mainly focusing on physical gold and silver through my jewelry store here in Providence. My IRA is sitting around the $75k mark right now, mostly in some nice 1oz American Gold Eagles and Canadian Maple Leafs that I rolled over from an old 401k a few years back. The past few years have been good, but I'm looking to diversify a bit more.

I know palladium has had a wild ride. From what I’ve seen, the industrial demand, especially from auto catalysts, makes it pretty compelling. But then you hear about EV adoption and recycling efforts, and it makes me wonder if that demand is sustainable in the long term. I'm obviously familiar with precious metals from a retail perspective – buying and selling jewelry – but the investment side beyond gold and silver coins is where I'm looking for more insights.

My main concern is liquidity and storage. While I wouldn't have trouble finding palladium in ounce coins or bars, I'm wondering if it's as easy to liquidate through an IRA custodian as gold or silver. Are there any specific custodians you folks have found are better suited for palladium? Also, what are people's thoughts on the future price trajectory? Is it still a good entry point considering its volatility?

I'm leaning towards putting maybe 10-15% of my IRA into palladium, trying to catch it on a dip. What do you all think? Is it a smart play for long-term diversification within a precious metals IRA, or am I better off just sticking with the tried-and-true gold and silver? Are there any specific types of palladium assets (coins vs. bars, specific mints) that are better for these types of accounts?

211

5 comments

Considering a Gold IRA for your retirement?

Get a free info kit from a top-rated company — trusted by thousands of investors.

Under $100k? Compare options →

756 people viewed this today100 members requested a free kit this week150 investors bookmarked this

Best Answer▲ 10 upvotes

ronald_morris👑Elite (1m-5m)

Honestly, I had a similar thought a few years back. My financial advisor at the time was really against it, citing volatility and storage issues with my existing setup. Ended up just sticking with gold and silver, which I'm happy with. But if you've done your research and you're comfortable, might be interesting to see how it plays out!

Comments (5)

ronald_morris👑Elite (1m-5m)Real Investor•about 2 months ago

jason_morgan💰Established (100-250k)Real Investor✓ Verified•about 2 months ago

Interesting! So you're thinking about palladium now, even with your background mostly in gold and silver? Are you looking at physical palladium or some kind of ETF/fund for your IRA?

helen_turner💰Established (100-250k)Real Investor•about 2 months ago

Interesting thought process, given your background! While I totally get the appeal of diversifying within precious metals, and palladium has certainly had its moments, I'm personally a bit more cautious about it for an IRA. The industrial demand linkage feels a bit more volatile than gold's safe-haven status, and the market can be pretty thin sometimes. Just something to consider if long-term stability is your primary goal for that retirement account.

andrew_roberts👑Elite (1m-5m)Real Investor✓ Verified•about 2 months ago

Hey, that's an interesting question! Palladium has definitely seen some wild swings lately, so it's smart to consider it carefully. For a Gold IRA, it can be a good diversifier, but it's also a smaller market than gold or silver, so liquidity can be a factor if you ever need to sell quickly.

One thing you might want to look into is Sprott Money's "Palladium vs. Gold vs. Silver" article. They break down some of the pros and cons pretty well and might give you some additional angles to think about for your IRA.

michael_anderson🏆Advanced (250-500k)Real Investor•about 2 months ago

Totally agree with your thought process here. Palladium’s been on my radar for a while too, especially with the supply chain issues we've seen lately. I actually pulled the trigger last year and added a small <10% allocation to my precious metals IRA. So far, no regrets!

12,000+ investors requested this guide last month

Find out why retirees are moving savings into gold. Free kit, no obligation.

Under $100k? Compare options →