Thinking about palladium for my IRA - anyone here gone for it?

Carol Carter

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Thinking about palladium for my IRA - anyone here gone for it?

carol_carter💰Established (100-250k)

about 1 month ago

Key Takeaways

•I've been kicking around the idea of adding some palladium to my Gold IRA, and wanted to see if anyone here has experience with it.
•I’m an insurance agent here in Omaha, and I like to spread my risk around – hence the Gold IRA in the first place.
•My metals holdings have been doing pretty well for me over the past few years, definitely glad I got in when I did.

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I've been kicking around the idea of adding some palladium to my Gold IRA, and wanted to see if anyone here has experience with it. Currently, about 15% of my 200k retirement portfolio is in various precious metals, mostly gold and silver through a Gold IRA, with the rest diversified in 401k and brokerage accounts. I’m an insurance agent here in Omaha, and I like to spread my risk around – hence the Gold IRA in the first place.

My metals holdings have been doing pretty well for me over the past few years, definitely glad I got in when I did. I'm just wondering if palladium is the next logical step for a bit more diversification within the metals space. I've been doing some research on the industrial demand and supply constraints, and it seems like it could have some interesting upside. But then again, it’s also a lot more volatile than gold, and that makes me a little nervous. Anyone here actually pulled the trigger and put palladium into their IRA? What’s your take on it?

I’ve been devouring all the content I can find, especially found a lot of useful info on the Learning Center at Gold IRA Blueprint. Seriously, if you haven’t checked it out, it’s a goldmine (pun intended!) of educational resources. But even with all the data, there's nothing quite like hearing from real people who are actually doing it. What are the cons I’m not seeing? Any big surprises or regrets?

I'm really trying to make a smart, informed decision here before I go moving any funds. Appreciate any insights you guys can offer!

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3 comments

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Best Answer▲ 7 upvotes

james_wilson👑Elite (1m-5m)

Oh man, I totally understand where you're coming from. I actually did something similar a few years back. Not palladium, but I ended up adding platinum to my precious metals mix in my IRA. Had a pretty decent haul in my gold and silver, and felt like diversifying a bit more within the metals itself. So far, it's been a good move for me!

Comments (3)

james_wilson👑Elite (1m-5m)Real Investor✓ Verified•about 1 month ago

richard_garcia👑Elite (1m-5m)Real Investor•about 1 month ago

That's an interesting move. Are you thinking of holding physical palladium or going with a fund/ETF for it within the IRA?

steven_mitchell🏆Advanced (250-500k)Real Investor✓ Verified•about 1 month ago

Interesting thought! While palladium has definitely seen some impressive highs, I'd personally be a bit cautious with it for a long-term retirement anchor like an IRA. The industrial demand, while strong, can make it more volatile than gold or even silver, especially with the rise of EVs potentially impacting auto catalyst demand down the line. For an IRA, I tend to lean towards metals with a more consistent store of value history. Just my two cents!

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