Thinking Palladium for my IRA - anyone been down this road?

Michael Anderson

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Thinking Palladium for my IRA - anyone been down this road?

michael_anderson🏆Advanced (250-500k)

about 1 month ago

Key Takeaways

•Alright, so I’ve been heavily into gold and silver for years, mostly through my Gold IRA, and it's served me well.
•I own a pretty decent-sized construction company here in Chicago, and I just *get* tangible assets.
•You can see it, touch it, know it’s there, not just some number on a screen.

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Alright, so I’ve been heavily into gold and silver for years, mostly through my Gold IRA, and it's served me well. I own a pretty decent-sized construction company here in Chicago, and I just get tangible assets. You can see it, touch it, know it’s there, not just some number on a screen. My IRA is sitting around the $400k mark right now, probably 80% gold, 20% silver. With all the economic noise lately – inflation, supply chain issues still lingering, geopolitical tension – I’ve been really diving into what else could strengthen the portfolio without just piling more into what I already have.

That's led me down the rabbit hole of palladium. I've heard the arguments for its industrial demand, especially in catalytic converters, and the supply constraints from Russia have been a pretty big factor in its price swings. My biggest concern is the volatility compared to gold. Gold feels like the steady anchor, the ultimate hedge. Palladium, while it's got those industrial uses, seems to jump around a lot more. I’m not looking to get rich quick; I’m looking for long-term wealth preservation and a hedge against the fiat funny money system. But a little growth wouldn't kill anyone, right?

I guess what I'm looking for is some real-world input. Has anyone here actually diversified their Gold IRA into palladium? What was your experience like? Did you regret it when it dipped, or did the upside outweigh the stress? I'm thinking of maybe a small allocation, say 5-10% of my total precious metals, just to dip my toe in. Is that even enough to make a difference, or is it just spitting in the ocean at that point? Let me know your thoughts, positive or negative.

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4 comments

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Best Answer▲ 7 upvotes

charles_lewis💎Premium (500k-1m)

Interesting thought process, given your background. While I totally get the appeal of tangible assets and palladium's industrial demand, I can't help but wonder if diversifying outside the precious metals basket entirely might be a stronger play for your IRA. You've already got decent exposure to metals with your gold and silver. Perhaps looking at some less correlated assets could offer better risk management than just swapping one metal for another, even if it's a different one.

Comments (4)

ronald_morris👑Elite (1m-5m)Real Investor•about 1 month ago

Dude, totally get this. I was in a similar boat a few years back, heavy on gold and silver, but started looking at palladium for that extra diversification. It felt like a natural next step, especially given its industrial uses. No regrets so far, it's been an interesting ride!

james_wilson👑Elite (1m-5m)Real Investor✓ Verified•about 1 month ago

Interesting! So you're thinking palladium for diversification. You mention being a construction company owner, which makes me wonder – are you seeing any industrial applications for palladium that are influencing your decision, or is it purely for the investment potential as a precious metal?

charles_lewis💎Premium (500k-1m)Real Investor•about 1 month ago

Interesting thought process, given your background. While I totally get the appeal of tangible assets and palladium's industrial demand, I can't help but wonder if diversifying *outside* the precious metals basket entirely might be a stronger play for your IRA. You've already got decent exposure to metals with your gold and silver. Perhaps looking at some less correlated assets could offer better risk management than just swapping one metal for another, even if it's a different one.

frank_rivera💎Premium (500k-1m)Real Investor•about 1 month ago

Hey there! Palladium's an interesting one for sure, especially with its industrial demand. Sounds like you've got a good head for tangible assets, which is key.

One thing to keep in mind, beyond the market price, are the specific requirements for IRA-approved palladium. It needs to be a certain fineness (.9995 pure) and minted by a recognized refiner. You can't just throw any palladium bar in there. A good resource for checking approved products is often your custodian's website, or even just a quick search for "IRA approved palladium coins/bars." This list from Rousseau Collections might be a helpful starting point too. Good luck!

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