Palladium smashing through ATHs - what do you guys think?
- •Holy smokes, palladium just keeps climbing, doesn't it?
- •It's been a wild ride these past few years, but seeing it blow past all-time highs like this has me both excited and a little bit introspective.
- •I remember back in '08 and '09, watching the market like a hawk.
Holy smokes, palladium just keeps climbing, doesn't it? It's been a wild ride these past few years, but seeing it blow past all-time highs like this has me both excited and a little bit introspective. My Gold IRA is sitting pretty, but I’ve got a decent chunk (about 15% of my ~$400k across all retirement accounts) in a Palladium IRA I set up a few years back, and it’s really outperformed all expectations. As someone who spent decades in the steel industry back in Birmingham, I’ve always had a good feel for commodities, but even I'm surprised by the speed of this run.
I remember back in '08 and '09, watching the market like a hawk. It was a different beast then, but the underlying sentiment about tangible assets always resonated with me. Palladium’s story feels similar in some ways – supply constraints, industrial demand, geo-political factors. But the price action lately just feels... different. It’s not just slowly grinding up; it’s making serious moves. Is this sustainable? Are we looking at a new normal for precious metals where industrial demand is going to keep pushing things sky-high, or is this more of a speculative bubble fueled by broader market uncertainty?
My initial thought is that the long-term fundamentals for palladium are still strong, especially with the EV transition and catalytic converters still relying heavily on it. But at a certain point, don't alternatives start becoming more attractive to manufacturers? I'm wondering what other folks here with significant allocations to palladium are thinking. Are you holding tight, taking some profits off the table, or even considering adding more on any dips? I'm definitely not looking to liquidate my entire position, but a 20-30% rebalance isn't out of the question if things get too frothy.