Thinking about palladium for my IRA - anyone else look into this?

Betty King

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Thinking about palladium for my IRA - anyone else look into this?

betty_king📊Growing (50-100k)

about 5 hours ago

Key Takeaways

•We had a good chunk – probably around $80,000 in our Gold IRA right now – and it's mostly gold bullion and a few silver coins we picked up years ago.
•But now I'm wondering if adding palladium might be a smart move.
•Palladium seems a bit more niche, and I've read about its industrial demand, especially in catalytic converters.

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I've been doing a lot of reading lately about diversifying my precious metals even further, beyond just gold and some silver I already hold in my IRA. My late husband was always so meticulous with our investments, and since he passed, it's really felt like a big responsibility to keep things as solid as he would have wanted. We had a good chunk – probably around $80,000 in our Gold IRA right now – and it's mostly gold bullion and a few silver coins we picked up years ago. But now I'm wondering if adding palladium might be a smart move.

I live in Raleigh, and honestly, the local dealers here mostly push gold and silver, which makes sense, but I want to make sure I'm not missing out on other opportunities. Palladium seems a bit more niche, and I've read about its industrial demand, especially in catalytic converters. I know it can be volatile, but then again, what isn't these days? I've been using tools like the Silver vs Stocks tool just to get a different perspective on how various metals compare over time, and it's been pretty eye-opening looking at the 10-year trends. But palladium doesn't get as much airtime there, obviously.

Has anyone here diversified into palladium within their Gold IRA? What was your experience like? Did you find it harder to acquire or store? I'm trying to be really thoughtful about this because it's not just about percentages and capital gains; it's about protecting what we built together. Any insights, especially from those who've actually made the jump, would be greatly appreciated. I want to make sure I'm doing right by his legacy.

3 comments

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Best Answer▲ 10 upvotes

elizabeth_johnson💰Established (100-250k)

Hey, I hear you on wanting to diversify. While palladium definitely has its moments, have you looked much into platinum? It sometimes gets overlooked because of gold and even silver, but it has some interesting industrial demand drivers too, similar to palladium, but historically can sometimes be a bit more stable, or at least less volatile, in its movements. Just something to consider if you're really digging into the minor PGMs!

Comments (3)

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

Hey, I've actually been down this rabbit hole recently too! After watching my own parents navigate similar investment decisions after my dad passed, I started looking into everything I possibly could for my own retirement. Palladium definitely came up as an interesting option. It's a bit more niche, but the industrial demand aspect is super compelling. Haven't pulled the trigger yet, but I'm curious to hear what others have found.

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

Hey, that's really understandable to want to keep things solid with your investments, especially after such a loss. It's a smart move to look into diversification.

You mentioned your late husband was meticulous with investments – did he ever discuss palladium, or was this something you've come across more recently in your own research?