Anyone else eyeing platinum? Feels like a steal right now.
- •Okay, so I've been doing a deep dive into the precious metals market lately, specifically looking beyond just gold and silver.
- •As a construction guy, I'm all about tangible assets, things you can hold and know they have real value, so my IRA is heavily weighted that way.
- •Thinking about opening another self-directed IRA this year, probably moving another $50k-$75k into it from some of my underperforming stocks.
Okay, so I've been doing a deep dive into the precious metals market lately, specifically looking beyond just gold and silver. As a construction guy, I'm all about tangible assets, things you can hold and know they have real value, so my IRA is heavily weighted that way. Thinking about opening another self-directed IRA this year, probably moving another $50k-$75k into it from some of my underperforming stocks. And honestly, platinum keeps catching my eye.
I mean, gold's been on a tear, and silver's done well, but platinum just feels... neglected? It's trading at a significant discount to gold right now, which historically isn't always the case. I remember reading about it being more expensive than gold for long stretches. Is it just the whole EV thing making people think it's obsolete for catalytic converters? Even with that, there's still a ton of industrial demand, jewelry, and its rarity. You hear about these massive gold discoveries, but platinum's supply chain feels way more constrained, mostly coming out of South Africa.
I've got a decent chunk in physical gold and silver allocated in my current IRA, probably close to $300k of my total $450k portfolio in metals. But I'm seriously considering diversifying a bit into platinum with this next move. I'm based in Chicago, and I've got a good relationship with a local dealer here who offers platinum coins and bars for IRA-eligible purchases. They've been giving me good prices on gold eagles and silver maples for years. Just wondering if anyone else here is feeling bullish on platinum long-term? Am I missing something obvious, or does this feel like a genuine opportunity for a future bounce?