Palladium in an IRA - Worth it, or stick to gold/silver?
- •So I just rolled over about $75k from an old 401k into a Gold IRA.
- •I'm pretty new to this whole precious metals investing thing, just got set up a few months ago, and honestly still learning a ton.
- •I went pretty heavy into gold, with a decent chunk of silver too, mostly because that's what everyone talks about.
So I just rolled over about $75k from an old 401k into a Gold IRA. As a small business owner here in Denver, the idea of having some tangible assets outside of just stocks and bonds really appealed to me, especially with all the economic uncertainty lately. I'm pretty new to this whole precious metals investing thing, just got set up a few months ago, and honestly still learning a ton.
I went pretty heavy into gold, with a decent chunk of silver too, mostly because that's what everyone talks about. But my consultant brought up palladium as an option. Now, I know palladium has done super well in the past, and it's got those industrial uses, but it also seems way more volatile than gold. I'm trying to figure out if it's worth allocating, say, 10-15% of my IRA to palladium, or if I should just stick to the more "traditional" gold and silver route for stability.
Anyone here have experience with palladium in their IRA? What's your take on its long-term potential compared to gold? Is it just too risky for someone like me who's still getting their feet wet? Any thoughts on diversification within a Gold IRA generally would be awesome too. And speaking of tax implications, I found this Tax Calculator tool which was super helpful for understanding the rollover, but I'm curious if there are any specific tax considerations for palladium that differ from gold or silver down the line.