Thinking about palladium for rebalancing, good idea?

Karen Robinson

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Thinking about palladium for rebalancing, good idea?

karen_robinson💼Starter (0-50k)

less than a minute ago

Key Takeaways

•Okay, so I'm pretty new to this whole Gold IRA thing, only really got serious about it in the last six months.
•I've got a small account, maybe $25k in physical gold right now – mostly American Gold Eagles and some Canadian Maples.
•I'm a teacher here in Columbus, so I don't have a ton of disposable income, but I'm trying to be smart about my savings for retirement.

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Okay, so I'm pretty new to this whole Gold IRA thing, only really got serious about it in the last six months. I've got a small account, maybe $25k in physical gold right now – mostly American Gold Eagles and some Canadian Maples. I'm a teacher here in Columbus, so I don't have a ton of disposable income, but I'm trying to be smart about my savings for retirement.

I've been reading a bit about palladium and how it's been performing, and it's got me wondering about rebalancing my portfolio. I know physical palladium can be a bit pricier per ounce than gold right now, but I'm looking at it from a diversification standpoint. My initial thought was to stick solely with gold and silver, but the industrial demand for palladium seems pretty robust, and it feels like it could be a good hedge against certain economic shifts that gold might not cover as effectively.

My main question is, for someone with a relatively small IRA like mine, does it make sense to start allocating a percentage to palladium? I don't want to overcomplicate things or stretch myself too thin, but I also don't want to miss out on a good opportunity. Should I be looking to rebalance maybe 5-10% into palladium, or is that too aggressive for a beginner? What specific coins/bars should I consider if I do decide to jump in?

Also, any thoughts on the best way to do this without getting hit with a ton of fees for moving funds around? My current custodian offers palladium, so that's a plus, but I'm still trying to navigate all the potential costs. Any advice from you seasoned investors would be hugely appreciated!

5 comments

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Best Answer▲ 9 upvotes

ruth_perez📊Growing (50-100k)

Totally get where you're coming from on the rebalancing. I've been eyeing palladium myself for similar reasons. My IRA is a bit larger, ~40k mostly in gold as well, but a friend of mine, who's been doing this for years, swears by having some silver in the mix for stability. He picked up a chunk of silver rounds a while back when the price was dipping, and it's given him some nice buffer during gold's recent swings. Might be worth looking into for a different kind of diversification than palladium.

Comments (5)

margaret_chen🏆Advanced (250-500k)Real Investor•less than a minute ago

Hey, totally feel you on the "not a ton of disposable income" front! I was in a similar boat a few years back with my first Gold IRA. I actually ended up adding some platinum when I rebalanced, not palladium, but the idea was the same – trying to diversify a bit beyond just gold and silver. It's definitely worth looking into the pros and cons for *your* specific situation. Good luck with the research!

ashley_baker💼Starter (0-50k)✓ Verified•less than a minute ago

Hey, interesting thought on palladium for rebalancing. When you say "rebalancing," are you thinking more about portfolio diversification across metals, or are you looking to capitalize on perceived future price movements of palladium specifically?

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

Honestly, while palladium has its merits, I'd be a bit wary of rebalancing into it with a relatively small account like that. Its volatility can be a double-edged sword. If you're looking to diversify beyond just gold, perhaps silver would be a more stable (and still accessible) option for now, especially since you're just starting out in the IRA space. Just a thought!

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

Hey, that's a smart thought about rebalancing! Palladium definitely has its own unique market dynamics compared to gold and silver. One thing to keep in mind, especially with smaller accounts, is the bid-ask spread on palladium can sometimes be a bit wider than for gold or silver, meaning you might lose a little more on the transaction when buying/selling.

You might find this article on diversification within a precious metals IRA helpful for weighing your options beyond just palladium: https://www.investopedia.com/gold-ira-diversification-7219983 Good luck with your strategy!