Thinking about adding Palladium to my IRA - anyone got experience?

Donald Nelson

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Thinking about adding Palladium to my IRA - anyone got experience?

donald_nelson💎Premium (500k-1m)

about 7 hours ago

Key Takeaways

•Been seeing a bit more buzz about palladium lately, and it's making me wonder if it's something I should be looking at for my IRA.
•I've been a gold bug for over 20 years now, pretty much since the late 90s, when I was still grinding it out on the line in Detroit before I retired.
•My portfolio is sitting comfortably around the high six figures, mostly gold and some S&P 500 ETFs that my advisor talked me into a while back.

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Been seeing a bit more buzz about palladium lately, and it's making me wonder if it's something I should be looking at for my IRA. I've been a gold bug for over 20 years now, pretty much since the late 90s, when I was still grinding it out on the line in Detroit before I retired. My portfolio is sitting comfortably around the high six figures, mostly gold and some S&P 500 ETFs that my advisor talked me into a while back.

Gold, for me, has always just been a no-brainer. It's the ultimate safe haven, and frankly, I've seen enough economic turbulence in my life to know that you _need_ some real assets. But with palladium's industrial demand and that recent run-up in price a few years ago, it's piqued my interest. My thought is, maybe it could offer some diversification beyond just gold, especially if the auto industry makes some moves that favor it. It's not like I'm looking to dump all my gold, obviously, but a small allocation has crossed my mind.

Anyone here already hold palladium in their self-directed IRA? Was it a pain to get set up? Any hidden fees or storage issues that caught you off guard? I'm always looking for ways to shore up my retirement, and while gold has done me incredibly well, I'm open to smart additions. I was just checking out that Gold vs Stocks Comparison tool and it makes a pretty compelling case for continued gold holdings, but it also made me think about other precious metals. Just trying to stay ahead of the game, you know?

5 comments

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Best Answer▲ 10 upvotes

matthew_murphy👑Elite (1m-5m)

Interesting! You mentioned palladium is getting more buzz. Are you seeing that in specific financial news outlets, or more in general investment discussions?

Comments (5)

christopher_young🌟Ultra (5m+)Real Investor✓ Verified•less than a minute ago

Hey, totally get where you're coming from! My grandpa actually diversified into palladium a while back, maybe 8-10 years ago, after being a gold-only guy for decades. He was pretty happy with how it performed for a while there, especially when gold was a bit stagnant.

I haven't personally pulled the trigger on it, still mostly in gold and silver myself, but I've definitely kept an eye on it since then. Good luck with your research!

matthew_murphy👑Elite (1m-5m)Real Investor•less than a minute ago

Interesting! You mentioned palladium is getting more buzz. Are you seeing that in specific financial news outlets, or more in general investment discussions?

maria_campbell📊Growing (50-100k)✓ Verified•less than a minute ago

Hey, I get the interest in palladium, it's definitely been on a wild ride. But as someone who's also been in the precious metals game for a while, I'm a bit more cautious about it for an IRA. The volatility is a double-edged sword, and its industrial demand makes it a different beast than gold or even silver. Have you looked into the spread between buy/sell prices for palladium in an IRA? Sometimes that alone can eat into any gains pretty quickly, especially with less common metals.

betty_king📊Growing (50-100k)•less than a minute ago

Hey, cool you're looking into palladium! It's definitely an interesting metal. Just a heads up, not all custodians offer palladium for IRAs, so you'll want to double-check with yours or prospective ones.

Also, check out the IRS's rules on "collectibles" for IRAs. Palladium bullion and certain coins are usually fine, but it's good to be aware of the specific purity requirements and approved forms. Here's a link to the IRS page on IRAs and precious metals if you want to dive deeper: https://www.irs.gov/retirement-plans/individual-retirement-arrangements-iras

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

Yeah, I'm with you on this. Palladium has definitely been on my radar too, especially with how it's been performing compared to other precious metals. I actually added a small chunk of palladium to my self-directed IRA about 18 months ago, and so far, I'm pretty happy with that decision. It's not a huge portion of my portfolio, but it's been a nice little boost.

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