Anyone else seeing platinum IRAs as the *next* move given inflation?

Christopher Young

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Anyone else seeing platinum IRAs as the next move given inflation?

christopher_young🌟Ultra (5m+)

about 7 hours ago

Key Takeaways

•We're talking substantial holdings beyond my typical stock and real estate plays.
•The inflation fears aren't just "fears" anymore, they're becoming a brutal reality for anyone paying attention to anything beyond the S&P 500.
•My gold IRA is robust, and I've dabbled in silver IRAs too, but I'm seriously looking at platinum now.

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Okay, so I've been heavily into gold and silver for years – got a solid 7-figure precious metals portfolio, maybe even pushing eight if the market gets squirrely again. We're talking substantial holdings beyond my typical stock and real estate plays. Living here in Scottsdale, I see a lot of high-net-worth individuals making similar moves, especially with the Fed just printing money like it's going out of style. The inflation fears aren't just "fears" anymore, they're becoming a brutal reality for anyone paying attention to anything beyond the S&P 500.

My gold IRA is robust, and I've dabbled in silver IRAs too, but I'm seriously looking at platinum now. It feels like platinum is still undervalued compared to gold, especially when you consider its industrial demand on top of its monetary value. With EVs and other tech continuing to scale, that industrial component seems like a no-brainer. I've heard some talk about it being less liquid, which is a consideration for sure, but for a portion of my IRA allocation, I'm thinking the upside potential far outweighs the liquidity concerns, especially if I'm not planning on touching it for another decade or two.

Is anyone else feeling this pull towards platinum IRAs right now? I mean, I love my gold, don't get me wrong. It's the ultimate safe haven. But with the current economic climate, it almost feels like we're past the "safe haven" phase and into a "maximize hard asset gains" phase. Are you guys diversifying into other metals within your IRA structures, or are you just doubling down on gold/silver? Curious to hear some real-world perspectives here, not just the usual financial advisor boilerplate.

5 comments

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Best Answer▲ 9 upvotes

sharon_evans💰Established (100-250k)

Totally agree with you on this. I've been eyeing platinum more and more lately too. With gold and silver already having made some big moves, it feels like platinum is just waiting for its turn. I've got a decent chunk in a gold IRA already, but I've just started diversifying into a platinum IRA for some of my newer contributions. Feels like a smart move given everything going on.

Comments (5)

karen_robinson💼Starter (0-50k)•less than a minute ago

Dude, I'm right there with you. My parents were always big on gold, so I inherited that mindset. But with all the inflation talk lately, I've been seriously looking at platinum and palladium. My financial advisor even brought it up last month. Feels like a no-brainer to diversify a bit more within the metals, especially when everything else is so volatile.

frank_rivera💎Premium (500k-1m)Real Investor•less than a minute ago

Interesting thought process! You mentioned having a pretty substantial portfolio already. Are your current 7-figure holdings exclusively in physical gold and silver, or do you have some platinum already in the mix?

joseph_harris📊Growing (50-100k)•less than a minute ago

Interesting thought process, and I totally get the appeal of diversification, especially with inflation concerns. But honestly, while platinum has its uses and can be a good industrial metal, I'm not entirely convinced it's the next big thing for IRAs in the same way gold and silver are seen as long-term wealth preservers. Its price action can be a lot more volatile and tied to industrial demand, which might not be ideal for a retirement account you want to be more stable.

I feel like a lot of the "next big thing" narratives sometimes overlook the fundamental roles gold and silver have played for millennia as monetary metals. Platinum just doesn't have that same historical backing or widespread recognition as a store of value. It might have a place in a broader portfolio, but as a primary IRA mover? I'd proceed with caution and maybe stick to the tried and true for the core of your metals IRA.

sharon_evans💰Established (100-250k)Real Investor•less than a minute ago

That's an interesting thought about platinum! While it's true IRAs generally allow gold, silver, and palladium, platinum is sometimes overlooked. One key thing to remember is that it needs to be *investment-grade* platinum, meaning a minimum purity of 99.95%.

For anyone looking into this, Kitco has a pretty good breakdown of the specific requirements for different precious metals in an IRA that's worth a quick read: https://www.kitco.com/news/2023-01-13/IRA-Approved-Precious-Metals-The-Complete-Guide.html