Anyone else looking at platinum right now? Thinking it's undervalued.

Daniel Wright

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Anyone else looking at platinum right now? Thinking it's undervalued.

daniel_wright💎Premium (500k-1m)

3 months ago

Key Takeaways

•I’ve been heavily into a Gold IRA for a while now, probably have close to 20% of my total portfolio in physical gold, maybe around $150k-$200k worth.
•The rest is split between some real estate, various tech stocks, and a few high-growth startups I’ve invested in through my network here in Austin.
•Lately though, I’ve been looking beyond gold and silver.

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I’ve been heavily into a Gold IRA for a while now, probably have close to 20% of my total portfolio in physical gold, maybe around $150k-$200k worth. The rest is split between some real estate, various tech stocks, and a few high-growth startups I’ve invested in through my network here in Austin. With all the market craziness over the last year or two – inflation fears, rate hikes, then recession talk – gold has been my bedrock, really helping me sleep at night when everything else felt like a rollercoaster.

Lately though, I’ve been looking beyond gold and silver. Platinum keeps catching my eye. It's been hovering around the $900-$1000 mark for a while, and it just feels... low. Historically, platinum has often traded at a premium to gold, or at least much closer. Now it’s at a massive discount. I know a lot of that is tied to industrial demand, especially auto catalysts, and the whole EV transition complicates that picture. But there's also the jewelry demand, and it's certainly a precious metal with limited supply.

Part of me wonders if the market is overestimating the speed of the EV transition's impact on platinum demand, or if there's an eventual rebound coming in other industrial sectors that could boost it. I’m not talking about putting all my eggs in this basket, but maybe a small allocation, say $20k-$30k, into a platinum IRA as a diversification play within my precious metals holdings. It just seems like there’s significant upside potential if it even just closes some of that gap with gold.

Anyone else in a similar boat, or have strong opinions on platinum right now? Am I missing something crucial that makes its current price perfectly rational, or is this a genuine undervalued opportunity for long-term holders? Would love to hear some other perspectives, especially from folks who watch these markets closely.

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5 comments

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Best Answer▲ 8 upvotes

jason_morgan💰Established (100-250k)

Totally feel this. I've been a gold bug for a while too, but I started dipping my toes into platinum a few months back for the exact same reason. It just feels like it's due for a bounce compared to everything else. Got a small allocation in my IRA and watching it closely.

Comments (5)

jason_morgan💰Established (100-250k)Real Investor✓ Verified•3 months ago

Totally feel this. I've been a gold bug for a while too, but I started dipping my toes into platinum a few months back for the exact same reason. It just *feels* like it's due for a bounce compared to everything else. Got a small allocation in my IRA and watching it closely.

gary_stewart📊Growing (50-100k)•3 months ago

Interesting thought on platinum. You mentioned having a significant chunk in gold already – is that *all* in your Gold IRA, or do you have some outside of it too?

steven_mitchell🏆Advanced (250-500k)Real Investor✓ Verified•3 months ago

Honestly, while platinum *is* interesting, I'm still feeling pretty bullish on silver. Hear me out – it's got all the industrial demand platinum does, arguably more given its widespread use in electronics and solar, but it's also a precious metal and a safe haven. Plus, the price point makes it way more accessible for accumulating a substantial position. Platinum's definitely got its place, but silver just seems to have a stronger, more diverse tailwind right now.