Thinking about adding palladium to my IRA - advice for a first-timer?

Steven Mitchell

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Thinking about adding palladium to my IRA - advice for a first-timer?

steven_mitchell🏆Advanced (250-500k)

about 5 hours ago

Key Takeaways

•Alright, so I’ve had a good chunk of my retirement in a Gold IRA for a few years now, and it’s been solid.
•I'm one of those guys who just sleeps better knowing I have tangible assets, especially with all the digital currency hype these days.
•But lately, I’ve been looking at palladium and wondering if it’s time to diversify a bit more within the precious metals space.

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Alright, so I’ve had a good chunk of my retirement in a Gold IRA for a few years now, and it’s been solid. I'm one of those guys who just sleeps better knowing I have tangible assets, especially with all the digital currency hype these days. My current gold holdings are around the $300k mark spread across a few different types of coins and bars through Augusta Precious Metals – they’ve been great to work with, super transparent the whole way. But lately, I’ve been looking at palladium and wondering if it’s time to diversify a bit more within the precious metals space.

I’m a manufacturing exec here in Cleveland, and I see firsthand the demand for industrial metals. Palladium’s use in catalytic converters really gets me thinking about its long-term industrial demand. It feels like a smart play, especially with how tight supply chains can get. I’m thinking of putting maybe $50k into palladium for a start. My main goal isn't to get rich quick, but rather to further shield my portfolio from inflation and market volatility, and maybe capture some growth from industrial demand. I’m comfortable with the idea of a long-term hold, 10+ years, just like with my gold.

For those of you who have palladium in your IRAs – what’s been your experience? Any specific types of palladium like coins vs. bars that you prefer, or issues with premiums I should watch out for? When I first got into gold, the sorting through all the different companies and understanding the fees was a bit of a headache, even with Augusta being pretty straightforward. Is there anything specific to palladium IRAs that’s different or more complicated than gold? Really appreciate any insights from the community here!

3 comments

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Best Answer▲ 6 upvotes

donald_nelson💎Premium (500k-1m)

Hey, that's awesome you're looking into palladium! It's definitely an interesting one. When you say the "price action has been wild" compared to gold, are you thinking about specific historical periods or more recent trends you've been watching?

Comments (3)

donald_nelson💎Premium (500k-1m)Real Investor✓ Verified•less than a minute ago

susan_clark💰Established (100-250k)Real Investor•less than a minute ago

Hey, totally get where you're coming from. I actually went through a similar thing a couple of years ago. Had a decent chunk in gold and felt like I should diversify within the precious metals space without going *too* far off the beaten path. Ended up adding some palladium and platinum to my IRA, and honestly, no regrets. It's nice having that extra layer of diversification, especially with the industrial demand for those metals. Just make sure you do your homework on the dealer and storage fees, as they can vary a bit more than gold sometimes.

charles_lewis💎Premium (500k-1m)Real Investor•less than a minute ago

Hey, totally get wanting to diversify and expand beyond just gold. Palladium's definitely an interesting one and has seen some wild swings. However, just a thought – have you looked into platinum as an alternative for your IRA? It often gets overlooked but also has industrial demand and can be a bit more stable than palladium, which can be super volatile given its primary use in auto catalysts. Might be worth comparing the two before diving in. Good luck!

The retirement loophole most advisors won't mention

You can move your 401(k) into physical gold — tax-free. Here's the step-by-step guide.

Under $100k? Compare options →