Thinking of adding Palladium to my Metals IRA - anyone else diversify beyond just gold/silver?
- •Been doing a lot of thinking lately about my metals portfolio, specifically my IRA.
- •I’ve been pretty set on gold and silver for the last ten years, mostly gold when I converted a good chunk of my old 401k a decade ago.
- •Remember thinking then, with all the QE going on globally, that hard assets were the way to go.
Been doing a lot of thinking lately about my metals portfolio, specifically my IRA. I’ve been pretty set on gold and silver for the last ten years, mostly gold when I converted a good chunk of my old 401k a decade ago. Remember thinking then, with all the QE going on globally, that hard assets were the way to go. Still glad I made that call – sitting on a decent gain, something like 30-40% on the gold side since then, even with some of the recent dips. Silver's been a bit more of a wild ride, but it's held its own too. My gold holdings are pushing 70% of my metals IRA now, probably around 500k just in gold alone, with another 200k or so in silver.
Lately, though, I’ve been looking at palladium. Living out here in Hawaii, I’ve always had a different perspective on global supply chains and geopolitical shifts, especially with Asia. The whole EV transition, the push for hydrogen, industrial demand… it just feels like palladium might have a lot more upside than people are giving it credit for. It’s definitely seen some volatility, but I’m not looking to day trade. I'm thinking long-term, another 10-15 years maybe, heading towards 80. I've got my military pension and other investments, so this is about wealth preservation and growth of a specific asset class.
My strategy has always been to dollar-cost average into silver on dips, while holding gold pretty steady. Now I’m wondering if I should start DCAing into palladium as well, maybe allocate 10-15% of new contributions to it? Or even just shift a small percentage – say, 5% – from my existing gold holdings over the next year or two. I’m comfortable with some risk, but obviously, I don't want to throw away what I've built. Is anyone else here seriously diversifying into palladium within their IRA? What are your thoughts on its long-term prospects, particularly considering the industrial demand outlook from an Asia-Pacific lens?
It’s tempting to stick to what’s comfortable, but these global dynamics feel like they’re shifting hard. I don't want to miss out on another potential opportunity like I saw with gold a decade ago. Would love to hear some perspectives, especially from those who've done their own deep dives into the palladium market.