Thinking about Palladium for my IRA? Anyone else?

Timothy Reed

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Thinking about Palladium for my IRA? Anyone else?

timothy_reed💎Premium (500k-1m)

about 2 months ago

Key Takeaways

•Okay, so I've been kicking around the idea of adding some palladium to my Gold IRA, and honestly, I'm a bit torn.
•I've got a decent chunk, probably north of $700k, with around 15% of it in physical gold and silver right now.
•Been a pretty happy camper with how that's performed, especially with all the craziness in the world.

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Okay, so I've been kicking around the idea of adding some palladium to my Gold IRA, and honestly, I'm a bit torn. I've got a decent chunk, probably north of $700k, with around 15% of it in physical gold and silver right now. Been a pretty happy camper with how that's performed, especially with all the craziness in the world. As a guy who spent 30 years in the dairy industry here in Wisconsin, I’m all about tangible assets you can actually hold – makes more sense to me than paper.

My advisor mentioned palladium as another "industrial precious metal" hedge, similar to platinum. The price action has been wild, right? It was way up there, then took a pretty significant dip. Part of me sees that dip as a potential buying opportunity, but another part of me wonders if I'm just chasing a trend. Gold and silver feel like the old faithfuls, dependable store-of-value. Palladium feels a bit more... volatile? I'm not looking to get rich quick, just protect my savings for retirement.

What are people’s thoughts on including palladium specifically within an IRA? Is it worth the headache with storage and finding trustworthy dealers that handle IRA-approved palladium bars/coins? Are the premiums outrageous compared to gold or even silver? I'm thinking about maybe a 2-3% allocation of my total IRA, just to diversify a bit more within the precious metals space, but I'm not sure if it's overcomplicating things. Madison's a great place but doesn't exactly have a ton of local precious metal dealers to just pop into and chat with, so I'm relying on online info and discussions like this.

Anyone here actually hold palladium in their IRA? What's been your experience? Did you regret it, or are you glad you did? Just looking for some real-world perspectives before I pull the trigger or decide to just stick with the tried and true.

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5 comments

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Best Answer▲ 10 upvotes

janet_cook📊Growing (50-100k)

Interesting thought! So you're looking at palladium to diversify beyond gold and silver within your IRA. When you say "a bit torn," what are some of the main hesitations or concerns you're having specifically about adding palladium?

Comments (5)

sandra_green📊Growing (50-100k)✓ Verified•about 2 months ago

Interesting thought on palladium! While it's definitely a precious metal, I'd personally be a bit cautious about adding it to an IRA right now, especially with the current market. Palladium's super tied to industrial demand, like catalytic converters, and if the auto industry hiccups, so does palladium. Gold and silver feel a bit more like foundational hedges, whereas palladium feels a bit more speculative to me for an IRA. Just my two cents!

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

Totally get where you're coming from! I had a similar thought process last year. My advisor actually suggested a small allocation to platinum instead of palladium, citing some industrial demand forecasts. Ended up putting about 5% of my precious metals into platinum, and it's been... interesting, to say the least. Not the same wild ride as gold sometimes, but a nice slow burn. Good luck with whatever you decide!

janet_cook📊Growing (50-100k)•about 2 months ago

Palladium is definitely an interesting one! It's had some wild swings, which can be exciting but also nerve-wracking. Have you looked into the spread between buying and selling palladium from the various dealers? Sometimes that can eat into your gains more than you'd expect, especially with a less common metal like palladium compared to gold or silver. Worth checking out before you commit!

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

Totally agree with you here. Palladium is *super* interesting right now. I'm in a similar boat, though smaller scale – got about 10% in physical gold and silver, and I just bought some palladium for my IRA this past quarter. Felt like a good diversification move given its industrial demand. Will be interesting to see how it plays out!

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