Thinking about palladium in the IRA... worth it?

Kenneth Parker

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Thinking about palladium in the IRA... worth it?

kenneth_parker💎Premium (500k-1m)

2 days ago

Key Takeaways

•Hey everyone, been lurking here for a while and finally decided to post.
•My son’s taking over the biz in a couple of years, and I want to be able to step away with full confidence in my investments.
•Lately, I've been seeing more chatter about palladium.

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Hey everyone, been lurking here for a while and finally decided to post. So, I’ve been heavily into physical gold for my IRA – got about $700k diversified across various types, mostly American Gold Eagles and Canadian Maples, stored safely with my custodian. I'm 58, running a logistics company here in Memphis, and I'm really starting to think about succession planning and making sure my retirement nest egg is SOLID. My son’s taking over the biz in a couple of years, and I want to be able to step away with full confidence in my investments.

Lately, I've been seeing more chatter about palladium. I know it's a volatile metal, but the supply/demand picture for industrial uses, especially in catalytic converters, seems pretty compelling. I’m wondering if it makes sense to allocate a small percentage of my precious metals IRA to palladium. I’m thinking maybe 5-10% of my current PM holdings, so somewhere between $35k-$70k.

My concern is the liquidity and the spread on buying/selling compared to gold. Are there any particular palladium coins or bars that are more efficient for an IRA? And for those of you who’ve dipped your toes into palladium, what’s been your experience? Did it live up to the hype, or was it more trouble than it was worth? I'm fairly risk-averse when it comes to my IRA, but I also don't want to leave potential diversification benefits on the table. Any thoughts or advice from this community would be greatly appreciated!

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3 comments

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Best Answer▲ 10 upvotes

thomas_walker🏆Advanced (250-500k)

Interesting thought on palladium! I get the appeal of diversification, but honestly, I'm a bit more conservative with my IRA. Gold and silver feel like the core for a reason – they're tried and true. Palladium's definitely had its moments, but it also seems to swing quite a bit more, and the market for reselling might not be as liquid as gold or silver if you ever need to get out quickly. Just food for thought if you're looking for stability in a retirement account.

Comments (3)

brian_edwards🌟Ultra (5m+)Real Investor✓ Verified•2 days ago

Dude, I was in a similar boat a few years back. Had a good chunk in gold and silver, then started looking at palladium. Prices were interesting, but honestly, the liquidity and spread kinda spooked me. Ended up sticking to gold and a bit more silver after talking to my advisor. He made some good points about future demand and ease of selling when the time comes. Definitely something to weigh out!

donna_rogers🏆Advanced (250-500k)Real Investor•2 days ago

That's a pretty substantial gold holding! Sounds like you've done your homework there.

You mentioned your gold is "stored safely wit" – are you using an approved depository for your IRA gold, or is it something else? Just curious about the logistics there.