Thinking about palladium in my Gold IRA - anyone here gone for it?
- •Been doing a lot of research lately on expanding my precious metals holdings within my IRA.
- •Currently, it's about 90% gold, 10% silver, and sitting around $180k total.
- •My Gold IRA has been a really solid performer for me over the last few years, especially with all the crazy stuff going on in the world.
Been doing a lot of research lately on expanding my precious metals holdings within my IRA. Currently, it's about 90% gold, 10% silver, and sitting around $180k total. I’m an insurance agent here in Omaha and like to keep a pretty diversified portfolio, so I'm always looking at ways to hedge against inflation and market volatility. My Gold IRA has been a really solid performer for me over the last few years, especially with all the crazy stuff going on in the world. Makes me feel a lot more secure about retirement down the line.
Lately, palladium keeps popping up in my feeds and I’m starting to wonder if it's worth allocating a small percentage of my IRA to it. I know it’s super volatile compared to gold or silver, and the industrial demand side of things is a whole different ballgame. On one hand, the supply constraints and critical role in catalytic converters could mean big upside. On the other hand, the EV transition could totally tank demand eventually, which is a major concern. It feels like a bigger gamble than I'm usually comfortable with for my retirement funds, but the potential upside is appealing.
Has anyone here actually invested in physical palladium for their IRA? Not just paper, but actual coins or bars. What's been your experience? Did you diversify into it from gold, or was it a fresh allocation? What percentage of your holdings do you have in palladium, and what made you decide on that amount? I’m talking strictly IRA-approved material, of course. Any thoughts on the long-term outlook specifically for IRA investors would be super helpful too. I’m thinking maybe 5% of my overall metals total, but even that feels like a big step. Any advice on reputable dealers or things to watch out for with palladium in an IRA would be amazing. Thanks in advance!