Thinking about palladium for inflation – anyone else
- •inflation is really starting to get under my skin here in Cleveland.
- •Every time I fill up my truck or see the grocery bill, it just screams that my cash is losing value, and fast.
- •As a manufacturing exec, I just *get* hard assets, you know?
inflation is really starting to get under my skin here in Cleveland. Every time I fill up my truck or see the grocery bill, it just screams that my cash is losing value, and fast. I’ve been pretty happy with my Gold IRA for a while now – got about $300k in it, which I started building up about 5 years ago when I first started moving up the ladder at work. As a manufacturing exec, I just get hard assets, you know? There's something tangible about precious metals that sitting on paper stocks just doesn't replicate for me. For me, it's a solid hedge against all this economic uncertainty.
My question is about expanding that inflation protection strategy. I've been looking into palladium, specifically for a Palladium IRA. Gold has done its job, definitely. But with all the recent news about supply chain issues affecting auto manufacturers (and platinum group metals being critical for catalytic converters), it seems like palladium could really shine as a long-term play against inflation too. It’s hard to ignore the industrial demand.
Has anyone here diversified into palladium alongside their gold or even instead of some of it? What are your experiences? I’m particularly interested in how it’s performed for you during periods of high inflation. I’ve heard it can be more volatile than gold, which gives me a slight pause, but the potential upside feels pretty significant given its industrial utility. Just trying to see if I'm thinking about this right or missing some obvious downsides.
Also, sidebar for anyone new looking into this: I used the Eligibility Checker on Gold IRA Blueprint when setting up my initial Gold IRA way back when. It was super helpful for figuring out if I even qualified for a precious metals IRA in the first place, rather than just guessing. Might be useful for anyone considering palladium too, as the rules are generally similar for precious metals IRAs.