Palladium IRA - What's going on with gold hitting all-time highs?!

Joyce Cooper

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Palladium IRA - What's going on with gold hitting all-time highs?!

joyce_cooper📊Growing (50-100k)

about 2 months ago

Key Takeaways

•Seeing gold blast through all-time highs these past few weeks has been pretty wild.
•But honestly, even I'm feeling that little twitch of "what if" right now.
•It's been a steady performer, but this recent surge is something else.

See what your 401(k) could look like in gold

Okay, so I mostly hold palladium in my Precious Metals IRA, but a significant chunk of my portfolio (around 30%, which is like $25k right now) is in gold. Seeing gold blast through all-time highs these past few weeks has been pretty wild. As a principal in Little Rock, and someone who actually teaches financial literacy to high schoolers, I'm usually the one preaching patience and long-term thinking. But honestly, even I'm feeling that little twitch of "what if" right now.

I started really building up my gold position about five years ago, wanting some diversification away from just stocks, especially with all the talk about inflation picking up. It's been a steady performer, but this recent surge is something else. My question for you all, especially those of you with more experience navigating these kinds of rallies, is what's your take? Is this a sustainable climb, or are we looking at a classic "blow-off top" situation before a correction?

My Palladium has been doing its own thing, certainly not at gold's level of excitement lately, but it's been solid. I've often seen it as a more industrial play, less susceptible to the geopolitical swings that gold seems to thrive on. But with gold going parabolic, it makes me wonder if I should be re-evaluating my weighting. Should I be thinking about taking some profits from my gold and reallocating, maybe even beefing up my palladium further, or is this just the beginning of a new chapter for precious metals across the board?

I know no one has a crystal ball, but I'm really curious about the sentiment here. What are your strategies for managing positions when an asset hits these kinds of unprecedented levels? Are you holding tight, trimming, or even gasp buying more on the way up? Any thoughts on how these gold highs might ripple through other precious metals like palladium would be super helpful too. Always appreciate the insights from this community!

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10 comments

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Best Answer▲ 15 upvotes

brian_edwards🌟Ultra (5m+)

Been looking into this myself — the fees on some of these custodians are wild. Anyone found one that doesn't gouge you?

Comments (10)

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

That's an interesting split, especially with 70% in palladium. When you say you "mostly hold palladium," is that because of a specific bullish outlook on palladium itself, or more as a diversification strategy against gold and other metals?

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

Yeah, it's been a wild ride for gold! I had a similar experience, though on a much smaller scale. I got into gold a few years back, just a small bit to diversify, and watching it climb like this has been kinda surreal. Definitely makes you wonder what's next for the whole precious metals market.

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

Hey, totally get the excitement around gold's run, it's definitely turning heads. But honestly, as someone primarily in palladium, are you feeling any FOMO? I mean, palladium's had its own impressive surges and, historically, it can be a bit more volatile, meaning bigger swings up (and down, of course). Just curious if you're rethinking that 30% gold allocation or if you're still feeling super solid on your palladium-heavy strategy.

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

Totally get the excitement about gold! It's been a wild ride for sure. Since you're heavy into palladium and have a good chunk in gold, have you ever looked into the gold-to-silver ratio? It can be a pretty interesting indicator to track, especially when you're thinking about potential shifts in the precious metals market. There are a lot of great resources out there that explain how it works and what it might signal. Might be something useful to keep an eye on!

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

Totally agree, the gold run has been wild! I'm in a similar boat, probably 25% gold in my PM IRA right now and it's definitely been the star player in the last few months. My silver has done okay, but man, gold is just doing its own thing.

mark_adams👑Elite (1m-5m)Real Investor•28 days ago

Been looking into this myself — the fees on some of these custodians are wild. Anyone found one that doesn't gouge you?

brian_edwards🌟Ultra (5m+)Real Investor✓ Verified•28 days ago

Been looking into this myself — the fees on some of these custodians are wild. Anyone found one that doesn't gouge you?

andrew_roberts👑Elite (1m-5m)Real Investor✓ Verified•28 days ago

Interesting take. I've heard the opposite from a few people though — would love to see some actual numbers on this.

maria_campbell📊Growing (50-100k)✓ Verified•28 days ago

Ngl I came here expecting the usual affiliate spam but the discussions are actually decent. Way better info than what I was getting from my old advisor.