Anyone else seriously considering Platinum for inflation

Jason Morgan

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🔲 Platinum IRA

Anyone else seriously considering Platinum for inflation

jason_morgan💰Established (100-250k)

about 2 months ago

Key Takeaways

•So, the inflation numbers lately have me seriously on edge, especially watching my military contractor paychecks stretch thinner and thinner.
•I always prided myself on being security-minded with my investments, something that comes naturally after years of contract work.
•I'm based here in Jacksonville, FL, and frankly, the cost of living just keeps climbing.

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So, the inflation numbers lately have me seriously on edge, especially watching my military contractor paychecks stretch thinner and thinner. I've got a decent chunk of change, probably sitting around $150k in my portfolio, and a good portion of that is already in precious metals, mostly gold and silver. I always prided myself on being security-minded with my investments, something that comes naturally after years of contract work. I'm based here in Jacksonville, FL, and frankly, the cost of living just keeps climbing.

I've been looking deeper into platinum lately as an inflation hedge. Always thought of it as more of an industrial metal, but with all the talk about supply chain issues and its role in things like catalytic converters, it's making me wonder if it's the smarter play right now. Gold has been doing great for me, don't get me wrong. I've been watching the Gold vs Stocks Comparison tool pretty regularly, and for the 10-year period, gold has definitely held its own against the market. But with the current economic climate, part of me feels like I should be more aggressive.

My concern is diversification, I guess. I’m comfortable with gold, but with the market being so volatile, it just feels like having some platinum in a separate IRA could offer another layer of protection. Has anyone here moved a significant portion of their traditional metals into platinum recently because of inflation fears? Or are most of you sticking with gold and silver as the primary hedges?

Curious to hear some thoughts from others in a similar boat. What are your feelings on platinum's prospects compared to gold in this kind of inflationary environment?

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3 comments

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Best Answer▲ 10 upvotes

maria_campbell📊Growing (50-100k)

Totally get where you're coming from. My granddad was always big on gold, but when I started looking into it myself a few years back, platinum kept popping up in my research as a solid alternative or even complement, especially for diversification. Ended up allocating a small percentage to it, and so far, it's been a pretty interesting ride alongside the gold. Not financial advice, just my own experience!

Comments (3)

maria_campbell📊Growing (50-100k)✓ Verified•about 2 months ago

gary_stewart📊Growing (50-100k)•about 2 months ago

Hey, totally feel you on the inflation anxiety. It's rough out there. Interesting you mentioned platinum – what's making you lean towards that specifically for inflation protection over, say, more silver or even palladium?

michael_anderson🏆Advanced (250-500k)Real Investor•about 2 months ago

Hey, I get the concern about inflation, it's definitely a rough ride right now. But honestly, while platinum has its merits, I'm not entirely convinced it's the best option for inflation protection compared to gold.

Historically, gold has been the go-to safe haven during inflationary periods because of its consistent role as a monetary metal. Platinum, on the other hand, is heavily influenced by industrial demand, especially the auto sector. If we hit a recession alongside this inflation, that industrial demand could tank, potentially pulling platinum prices down. Just something to consider alongside the potential upside.

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