Should I be worried about palladium's future? Long-time
- •Been a gold guy for over 20 years now, ever since I retired from Ford here in Detroit.
- •Cashed out my pension, rolled a good chunk into a Gold IRA, and honestly, it’s been a rock-solid foundation for my portfolio.
- •Probably sitting on about $700k in the IRA right now, mostly physical gold.
Been a gold guy for over 20 years now, ever since I retired from Ford here in Detroit. Cashed out my pension, rolled a good chunk into a Gold IRA, and honestly, it’s been a rock-solid foundation for my portfolio. Probably sitting on about $700k in the IRA right now, mostly physical gold. The stability and historical performance have always given me peace of mind, especially with all the ups and downs we've seen in the economy over the decades.
Lately though, I've been doing a lot more reading about palladium, especially since the prices have been so volatile. I never really paid much attention to it before, always focused on gold and a little silver. But with all the talk about EVs, green energy, and industrial demand, it's got me wondering if I'm missing an opportunity to diversify beyond just precious metals for hedging. I'm not looking to dump my gold by any means – that's my anchor – but maybe allocate a small percentage, say 5-10%, of my IRA into palladium. The thought of adding another industrial metal to the mix is a bit foreign to me after so long with just gold and silver, but the potential could be huge, right?
My main concern is the long-term outlook. Will the shift to EVs completely tank global demand for palladium? Or will new industrial uses emerge to keep it relevant? I'm not looking for a get-rich-quick scheme, just another layer of protection and potential growth for my retirement nest egg. Any other long-time investors here who have diversified into palladium, especially from a gold-heavy portfolio? What’s your experience been like, and what are your thoughts on its future?