Thinking about adding Palladium to my Gold IRA - anyone here hold it?
- •Been doing a lot of deep dives lately into palladium and its role in a precious metals strategy, especially within my IRA.
- •Most of my portfolio, which is sitting around $300k, is in physical gold and silver, like many of us here.
- •Palladium's industrial demand profile, particularly for catalytic converters, really speaks to me.
Been doing a lot of deep dives lately into palladium and its role in a precious metals strategy, especially within my IRA. Most of my portfolio, which is sitting around $300k, is in physical gold and silver, like many of us here. I’ve always been a commodities guy, and after 30 years in the steel industry back in Birmingham, you get a feel for supply chains and industrial demand. Gold is my hedge, sure, but I'm starting to think about more growth-oriented plays within the precious metals space without going full volatile crypto. Palladium's industrial demand profile, particularly for catalytic converters, really speaks to me.
The price action on palladium has been wild these past few years. Saw it hit those crazy highs, then pull back significantly. Part of me thinks this pullback is exactly why now could be a decent entry point, assuming the long-term industrial demand narrative holds. I'm not looking to dump 50% of my IRA into it, but maybe a 5-10% allocation could be interesting for diversification. I used the Eligibility Checker the other day just to make sure I'm still good to go for metals in my IRA, and everything looked fine for expanding beyond just gold and silver. It also got me thinking about other options too.
Anyone here already holding palladium in their IRA? What’s your experience been like, good or bad? Are you bullish on its long-term industrial uses, or do you think the EV shift is going to completely gut demand faster than expected? I’m particularly interested in hearing from folks who picked it up during the higher price points and what their strategy is now. All insights welcome here.