Thinking about palladium for my IRA - anyone got experience?
- •Been looking at diversifying my IRA a bit more beyond just gold and silver.
- •My construction company’s been doing alright here in Chicago, and I've been a big believer in tangible assets for a while now.
- •Always liked how these precious metals have held their value when pretty much everything else goes nuts.
Been looking at diversifying my IRA a bit more beyond just gold and silver. My construction company’s been doing alright here in Chicago, and I've been a big believer in tangible assets for a while now. Got somewhere in the low to mid-six figures in my Gold IRA right now, and the thought of adding palladium has been kicking around in my head for a few months. Always liked how these precious metals have held their value when pretty much everything else goes nuts.
I know palladium can be super volatile, way more than gold or silver, but the industrial demand seems pretty solid, especially with catalytic converters. That's mainly why I'm considering it. Anyone here actually have palladium as part of their precious metals IRA? How much weight do you give it in your overall portfolio? And how much of a headache was it to actually add it?
My advisor is pretty neutral on it – not pushing it but not shooting it down either. Just makes me want to hear from people who've actually pulled the trigger themselves. Also, while I'm thinking about it, I remember checking out that Eligibility Checker tool at Gold IRA Blueprint back when I first set up my account. Super helpful for figuring out what I could even roll over. Curious if anyone else has used it recently and found any new insights or if IRAs are getting even more restrictive nowadays.
Main thing is, I'm trying to balance that potential for higher returns with the obvious risk. Would love to hear some real-world experiences, good or bad, before I make any moves. What have your returns been like? Any horror stories or unexpected wins?