Seriously looking at a Palladium IRA given inflation

• •The inflation numbers coming out of the Fed this week are really putting the fear of god into me.
• •I’ve had a significant portion of my portfolio, close to 20% or so, in physical gold through a Gold IRA for a while now – since about 2018.
• •It’s been a fantastic hedge, especially over the last couple of years.

The inflation numbers coming out of the Fed this week are really putting the fear of god into me. I’ve had a significant portion of my portfolio, close to 20% or so, in physical gold through a Gold IRA for a while now – since about 2018. It’s been a fantastic hedge, especially over the last couple of years. My initial goal when I started this whole journey with my financial advisor was wealth preservation, not aggressive growth, especially with retirement hopefully in sight in the next 10-15 years. I’m thinking about rolling over some of my old 401ks and adding to my precious metals allocation.

Now, with palladium’s performance and its industrial demand, it's really catching my eye. My current Gold IRA is doing well, but the thought of diversifying within the precious metals space, specifically into something with such tangible industrial utility, feels like a smart move right now. I’m based in Philly, and frankly, the cost of living here just keeps climbing. Every trip to the grocery store or gas station is another gut punch validating my inflation fears. My kids are getting ready for college applications in a few years, and I want to make sure their trust funds and my retirement savings are as insulated as possible.

I’m trying to decide between expanding my existing Gold IRA further or opening a separate Palladium IRA to really capitalize on its unique market dynamics. I’m leaning towards a dedicated Palladium IRA. It feels like a more direct play on the industrial side of things, which I think will continue to drive its value even as general inflation concerns fluctuate. My portfolio is holding strong, roughly in the $750k range currently, and I’m looking at potentially allocating another $50k-$100k here.

Has anyone here gone through the process of setting up a Palladium IRA recently? What custodial services did you use? Any gotchas I should be aware of beyond the usual storage fees and spread? I’m particularly interested in hearing from anyone who’s made a similar move from a Gold IRA to include a substantial Palladium allocation. Did it meet your expectations?