Thinking of a Palladium IRA - first time buyer with some gold experience, looking for advice

Hey, that's pretty wild, I'm almost in the exact same boat! Been in gold forever, and just recently started looking at palladium for the same reasons. The diversification aspect is huge for me too. I'm curious what others here have found in terms of reputable dealers and storage for palladium, since it feels a bit more niche than gold. Good luck!

Super interesting to hear you're looking into palladium! I've been in gold for a while too, but never really considered palladium as a serious IRA option. What's the appeal for you over, say, platinum, especially since you've already got a solid gold base?

Hey, that's interesting you're looking into palladium after being in gold for so long. While diversification is definitely key, I'd just be a bit cautious with palladium right now. It's had a pretty wild ride, and while it *could* go up, the industrial demand can be pretty fickle. Gold feels a bit more like a bedrock, whereas palladium can be more volatile depending on auto manufacturing and the like. Just something to keep in mind!

Palladium, eh? I remember dipping my toes into that a few years back, maybe 2018 or 2019, right before things went wild. I had about 10% of my IRA in gold back then, mostly Eagles and some Maples, and I was feeling a bit too comfortable. My advisor at the time (who I've since moved on from, bless his heart) kept pushing me into more ETFs, but I wanted something physical, something tangible that wasn't just another ticker on a screen. So, I did my research, and Palladium kept popping up. The industrial demand, the limited supply – it all sounded good on paper. I ended up converting a small portion of my gold holdings, maybe $5k worth, into Palladium American Eagle coins. I figured, worst case, it balances out. Well, let me tell you, that $5k turned into nearly $10k within a couple of years. I sold a good chunk of it earlier this year when I rebalanced, but I'm still holding onto a bit. It’s certainly got more volatility than gold, that’s for sure. Just make sure you're comfortable with that kind

Palladium, huh? I remember looking into that back in '08 when everyone was screaming "diversify!" after the market went sideways. My advisor at the time, bless his heart, practically fainted when I even brought it up. Said it was too volatile, too niche. So, gold it was. Stacked a pretty penny of it – physical, in a vault, in an IRA. Fast forward to 2020. My partner's business was hit hard, and honestly, the thought of watching everything I'd built crumble was terrifying. But that gold… that *gold* was my bedrock. It didn't just hold its value; it gave me the mental clarity to make some tough decisions without panicking. It wasn't about getting rich; it was about not losing everything. That emotional security? You can't put a price on that. Now, Palladium's a different beast. Its industrial demand is wild. If you've got *some* gold experience, you understand the precious metals market, but palladium moves on a different drum. Have you considered platinum as a middle ground? Less volatile than palladium, more upside potential than gold if industrial demand really picks up.

This is solid advice on the potential volatility. My question, for someone with a diversified metals portfolio already, is less about initial entry and more about the *exit strategy* for palladium. Given its relative illiquidity compared to gold, have any of you in GIRAB had experience liquidating a significant chunk of palladium from your IRA, especially during a downturn? I'm curious about the spreads and ease of finding a buyer for a ~500k-1M position.