Anyone else eyeing platinum? Seems cheap...

Donald Nelson

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Anyone else eyeing platinum? Seems cheap...

donald_nelson💎Premium (500k-1m)

about 4 hours ago

Key Takeaways

•I've been watching platinum lately and it feels like it's seriously undervalued right now, especially compared to gold and even palladium.
•I retired from the auto industry here in Detroit a while back, and my mantra has always been long-term value.
•Gold has been a rock, absolutely no regrets there, but my gut is telling me platinum could be that next big play.

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I've been watching platinum lately and it feels like it's seriously undervalued right now, especially compared to gold and even palladium. As someone who’s had a decent chunk of my portfolio (talking a good 500k-1M, mostly in precious metals) in gold for over 20 years, I’m always looking for the next intelligent move. I retired from the auto industry here in Detroit a while back, and my mantra has always been long-term value. Gold has been a rock, absolutely no regrets there, but my gut is telling me platinum could be that next big play.

Historically, platinum has often traded at a premium to gold, and now it's still significantly below. Yeah, I know the ESG push against ICE vehicles is a factor since catalytic converters are a big use case, but there's also the industrial demand for things like hydrogen tech and even jewelry. Are we underestimating the bounce-back or the new industrial demand drivers? I remember back in the early 2000s, I saw platinum hit over $2,000 an ounce; seeing it where it is now just feels… off. It’s making me think about rebalancing some of my gold holdings or at least dipping my toes in with a dedicated platinum IRA.

I’m curious what other long-term PM investors are thinking. Is this genuinely an opportunity, or am I just looking at it through rose-tinted glasses because I loved a good bargain back in my auto parts days? Anyone here moved into platinum recently? What’s your conviction level? I’m happy with my gold, but a significant undervaluation is tough to ignore, especially when you've got decades of experience seeing these cycles play out. Part of me is just itching to diversify a bit more.

3 comments

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Best Answer▲ 5 upvotes

steven_mitchell🏆Advanced (250-500k)

Totally! I've been getting those same vibes with platinum. Remember back in '08 when everyone (and I mean everyone) was all about gold being the "safe haven," and platinum just kinda... hovered? I bought a good chunk then, not because I was smart, but because I thought it looked like a bargain next to gold. Ended up doing really well with it. Definitely has that familiar feeling right now.

Comments (3)

steven_mitchell🏆Advanced (250-500k)Real Investor✓ Verified•less than a minute ago

Totally! I've been getting those same vibes with platinum. Remember back in '08 when everyone (and I mean *everyone*) was all about gold being the "safe haven," and platinum just kinda... hovered? I bought a good chunk then, not because I was smart, but because I thought it looked like a bargain next to gold. Ended up doing really well with it. Definitely has that familiar feeling right now.

michelle_collins🏆Advanced (250-500k)Real Investor•less than a minute ago

Interesting thought! When you say "undervalued," are you looking at its historical gold/platinum ratio, or more its industrial demand and supply outlook?

richard_garcia👑Elite (1m-5m)Real Investor•less than a minute ago

I hear you on platinum feeling "cheap" right now, and it's definitely an interesting one to watch. But honestly, as someone who has also been in this game for a while, I'd still lean towards gold for the long haul in a Gold IRA.

Platinum's industrial demand can be a double-edged sword; great when it's up, but it also makes it more volatile than gold, which tends to hold its value more consistently as a safe haven. While you might see bigger short-term gains with platinum, gold feels like the more stable bedrock for retirement funds, especially considering its history as a true currency hedge.

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