Thinking about adding Palladium to my Gold IRA - anyone here hold it?
- •I've got a decent chunk of my retirement savings (around $200k) tied up in gold, which I started after the whole 2008 mess.
- •Being a retired teacher here in Phoenix, I've always been pretty conservative with my money, hence the gold.
- •My Gold IRA has mostly held up well, giving me peace of mind.
Okay, so I've been eyeing palladium for a while now, probably since early this year, and I'm wondering if any of you seasoned precious metals investors have it in your IRA. I've got a decent chunk of my retirement savings (around $200k) tied up in gold, which I started after the whole 2008 mess. Being a retired teacher here in Phoenix, I've always been pretty conservative with my money, hence the gold.
My Gold IRA has mostly held up well, giving me peace of mind. But with all the chatter about palladium's industrial demand and supply constraints, especially with what's happening in certain parts of the world, it feels like it could be a smart diversification play. I know it's had a pretty wild ride in the past, a lot more volatile than gold, which makes me a little nervous, but also curious. My current advisor is a bit on the fence, leaning towards sticking with just gold, but I value hearing from people who are actually holding it.
For those of you who do have palladium in your self-directed IRA, what’s your experience been like? Did you go for bars or coins? And what percentage of your overall precious metals allocation did you commit to it? I’m not looking to put a massive amount in, maybe 10-15% of my current metal holdings, just enough to potentially capture some upside without risking the farm. Any thoughts or advice?