Thinking about palladium for recession proofing - anyone else?

Laura Sanchez

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Thinking about palladium for recession proofing - anyone else?

laura_sanchez💰Established (100-250k)

about 1 month ago

Key Takeaways

•Hey y'all, so I've been doing a lot of thinking lately, especially with all the talk about a potential recession hitting us.
•My IRA is doing okay, hovering around the low end of that $100-250k range, and I've got a decent chunk in physical gold – about 15% of the portfolio.
•It teaches you to always look for ways to protect your assets, especially when the unexpected hits.

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Hey y'all, so I've been doing a lot of thinking lately, especially with all the talk about a potential recession hitting us. My IRA is doing okay, hovering around the low end of that $100-250k range, and I've got a decent chunk in physical gold – about 15% of the portfolio. Been in this game for a while, learned a lot from being a small business owner here in El Paso, you know, dealing with the ups and downs on both sides of the border. It teaches you to always look for ways to protect your assets, especially when the unexpected hits.

My broker recently brought up palladium as another play for recession-proofing. Now, gold's been my go-to for inflation and general stability, but palladium's a whole different beast. It’s got that industrial demand angle, which I find really interesting. Plus, the supply chain issues we've seen globally, and specifically with Russia being a major producer, makes me wonder if there's an undervalued opportunity there for a long-term hold. I'm not looking to dump all my gold, but maybe diversify a bit more into something with a different risk/reward profile.

Anyone here taken the plunge into palladium for their IRA? I'm curious about your experiences. Did you see it perform as expected during economic downturns? Any red flags I should be aware of, beyond the usual market volatility? The idea of adding more hard assets to my portfolio feels right, especially right now. Just want to make sure I'm not chasing something trendy without fully understanding the long-term implications.

I'm really trying to make smart moves now so I don't get caught flat-footed. Dealing with unexpected market shifts can be brutal, and seeing my nest egg shrink during tough times is something I want to mitigate as much as possible. Any insights or war stories from folks who've diversified into palladium specifically for recession defense would be super helpful.

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3 comments

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Best Answer▲ 7 upvotes

jennifer_martinez💰Established (100-250k)

I get the appeal of diversifying, especially with recession fears. Palladium definitely has its industrial uses, which is a plus. But "recession proofing" and palladium in the same sentence makes me a little antsy. Its price can be super volatile, even more so than gold, and it's heavily tied to the auto industry. If a recession hits hard, vehicle production could crater, taking palladium with it. Just something to consider before you dump a significant portion of your portfolio into it.

Comments (3)

susan_clark💰Established (100-250k)Real Investor•about 1 month ago

Totally get where you're coming from. I went through a similar thought process a few years back, not with palladium specifically but I was looking at platinum for the same diversification/recession-proofing reasons. My portfolio size was pretty close to yours at the time too, maybe a little higher. Eventually decided to just bulk up my gold and silver more based on some advice I got, but the idea of adding another PGM definitely crossed my mind. Curious to hear what others say about palladium.

robert_thompson💰Established (100-250k)Real Investor✓ Verified•about 1 month ago

Interesting thought! When you say "recession proofing" with palladium, are you thinking more about its industrial demand staying strong even in a downturn, or something else driving that idea?