Thinking about palladium for recession protection - anyone else?

Janet Cook

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Thinking about palladium for recession protection - anyone else?

janet_cook📊Growing (50-100k)

about 4 hours ago

Key Takeaways

•I've been running my jewelry store here in Providence for over 20 years now, so I definitely know my way around precious metals.
•Always been a big believer in gold and silver, both professionally and personally.
•Got a good chunk of my IRA—about $75k—already tied up in a Gold IRA, which has been solid through all the ups and downs.

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I've been running my jewelry store here in Providence for over 20 years now, so I definitely know my way around precious metals. Always been a big believer in gold and silver, both professionally and personally. Got a good chunk of my IRA—about $75k—already tied up in a Gold IRA, which has been solid through all the ups and downs. But with all the talk about a potential recession hitting hard, I've been seriously looking at diversifying further into palladium for some extra peace of mind.

Palladium's had some wild swings, I know. I remember when it went totally parabolic a few years back, and then the drop was pretty intense. But looking at the industrial demand, especially with EV catalysts still needing platinum group metals and the overall supply constraints, it feels like it might be undervalued right now compared to its long-term potential. My gold's doing its job as a traditional safe haven, but I'm wondering if palladium offers a different kind of hedge – less about fear and more about strategic industrial demand for when things hopefully bounce back stronger.

My main concern is liquidity if things get really hairy. With gold, I know I can move that quickly. Palladium, while still precious, just doesn't have the same universal recognition outside of specific industrial circles or experienced PM investors. Has anyone here specifically allocated a significant portion of their recession-proofing strategy to palladium within their IRA? What's your experience been like with the custodians, especially if you've ever had to rebalance or take distributions?

I'm contemplating shifting another $20-30k from some of my underperforming stock positions into a palladium IRA. It feels like a calculated risk, leveraging my familiarity with the metal's fundamentals. Just looking for some real-world perspectives beyond the financial advisor pitches. Am I overthinking the industrial demand angle as a recession hedge, or is there a genuine case to be made for palladium's unique role?

5 comments

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laura_sanchez💰Established (100-250k)

Hey, that's a solid thought! Palladium definitely has its place, especially with its industrial demand. While it's been pretty volatile lately, it has a history of performing well during certain economic downturns.

One thing I'd suggest is looking into the spread for buying and selling physical palladium. Sometimes it can be a bit wider than gold or silver, which is something to factor into your long-term hold strategy. Also, this article from Sprott Money has a decent comparison of palladium against gold and silver for investment purposes that you might find helpful for weighing your options. Good luck!

Comments (5)

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

Totally get where you're coming from! My grandpa was a jeweler too, and he always swore by gold and silver. But he actually dabbled in platinum and palladium a bit back in the 70s when things were looking shaky. Said he wished he'd bought more palladium then.

I've been looking into it for my own portfolio lately, mainly for diversification. It feels like a solid move if you're already stocked up on the more traditional stuff. Especially with industrial demand, it has a different kind of floor than just investment demand. Good luck!

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

Interesting thought! You mentioned you've been in the jewelry business for 20 years. Have you seen much demand for palladium in jewelry over that time, or is this more of a recent consideration for you from a pure investment perspective?

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

Interesting thought about palladium, but I'm not entirely convinced it's the *best* move for recession protection compared to gold. While it's a precious metal, its industrial demand (especially in auto catalysts) makes it a bit more susceptible to economic downturns than gold, which is more of a universal safe-haven. Diversification is key, of course, but for pure recession-proofing, gold still feels like the king to me.

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

linda_taylor📊Growing (50-100k)✓ Verified•less than a minute ago

Totally with you on this one! I'm in a similar boat, always been a gold/silver guy for stability, but palladium's been on my radar too lately. The industrial demand angle combined with its relative scarcity compared to other PMs makes it seem like a really interesting hedge right now. Plus, my financial advisor actually brought it up to me recently, saying a small allocation could be a smart move to diversify further beyond just the traditional two. Glad to see others are thinking along the same lines!

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