Thinking about adding palladium to my precious metals IRA - good idea?

Linda Taylor

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Thinking about adding palladium to my precious metals IRA - good idea?

linda_taylor📊Growing (50-100k)

about 4 hours ago

Key Takeaways

•I’m a nurse here in Seattle, and you see firsthand how quickly things can change.
•My portfolio is sitting comfortably around the $75k mark now, which feels good, but I’m always thinking about diversification.
•Lately, I’ve been reading a bit about palladium, and it sounds… intriguing?

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Okay, so I've had a pretty solid gold IRA going for a few years now, and it’s been fantastic for my peace of mind, especially with everything going on. Started it back in 2020 right when the pandemic hit, mostly just gold and a little silver, because I wanted some real security for my retirement savings beyond just my 401k. I’m a nurse here in Seattle, and you see firsthand how quickly things can change. My portfolio is sitting comfortably around the $75k mark now, which feels good, but I’m always thinking about diversification.

Lately, I’ve been reading a bit about palladium, and it sounds… intriguing? I know it’s super volatile compared to gold, and the industrial demand is a huge factor. Part of me thinks it could be a really smart way to add a different kind of hedge to my metals, especially with the push for greener tech and car manufacturing, but the other part of me is like, "whoa, is this too risky for something meant to be safe and steady?" I definitely don't want to mess with the core security I’ve built.

Has anyone here added palladium to their precious metals IRA? Or even considered it and decided against it? What were your reasons? I'm curious what kind of percentage of your overall precious metals portfolio you'd allocate to something like palladium. I'm not looking to move mountains of cash, maybe just a small portion, like 5-10% of my current metals holdings, if it makes sense. Just trying to figure out if it’s a smart play for long-term retirement security or more of a short-term speculation play that doesn't belong in an IRA.

Any thoughts or experiences would be super helpful! Especially from folks who have been in the precious metals game for a while.

3 comments

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Best Answer▲ 9 upvotes

karen_robinson💼Starter (0-50k)

Interesting! You mentioned mostly gold and a little silver. Was the silver also in an IRA, or was that more of a personal holding outside of it?

Comments (3)

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

Oh man, I'm literally in the same boat! I've been eyeing palladium for my IRA too. My portfolio is mostly gold and silver, and I started it around the same time you did, for similar reasons. The idea of diversifying with industrial metals like palladium just feels like a smart move right now, especially with all the talk about supply chain issues and EV growth. Keep us updated if you pull the trigger!

karen_robinson💼Starter (0-50k)•less than a minute ago

Interesting! You mentioned mostly gold and a little silver. Was the silver also in an IRA, or was that more of a personal holding outside of it?

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

Hmm, palladium is interesting, but have you looked into platinum as an alternative? It often gets overlooked compared to gold and even palladium, but it can have some compelling industrial demand and investment characteristics that make it worth considering for diversification. Just a thought!

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