Thinking about adding Palladium to my IRA - anyone been down this road?

Hey, that's interesting about palladium. You mentioned your IRA is "mostly in physical gold" – does that mean you're holding actual Palladium bars/coins, or is it through a different investment vehicle like an ETF or a mining stock?

Totally get where you're coming from! I actually went down a similar path a few years ago. My IRA was heavily gold-and-silver-weighted too, and palladium seemed like a smart play for diversification. I ended up putting about 10% of my metals allocation into palladium bars. It's been interesting to watch its performance, definitely adds a different dynamic to the portfolio.

Hey, that's a decent-sized IRA! While palladium *can* be interesting for diversification, I'd personally caution against putting too much of it into an IRA, especially if you're thinking long-term retirement. Its industrial demand is a huge driver, making it a bit more volatile and subject to economic downturns than gold or even silver.

For an IRA, where stability is often key, I'd probably lean more towards increasing my gold/silver allocation or even looking at platinum for a similar but perhaps more "stable" industrial metal, if that's the direction you want to go. Just something to consider!

Hey, that's a smart move to consider diversifying! Palladium can definitely be an interesting addition. Just make sure you're aware of the spread – it can sometimes be a bit wider for palladium compared to gold or silver when buying and selling. It’s worth checking with a few different dealers to compare their pricing for IRA-approved palladium products.

Also, a good resource for understanding the market dynamics and historical performance of palladium specifically for IRA inclusion is often found on sites like Kitco or reputable IRA custodian blogs. They usually have good breakdowns of the pros and cons.

Totally agree with the idea of diversifying beyond just gold and silver. Palladium in an IRA has been on my radar too for similar reasons – looking to broaden the precious metals exposure in my own retirement savings.

My IRA isn't quite as hefty as yours (sitting around $150k), but I've been considering a 5-10% allocation to palladium once I hit my next rebalance. I'm thinking of going with some Canadian Maple Leaf coins. The industrial demand for palladium is a big draw for me. Good luck with your research!