Anyone else seriously looking at Platinum for the next downturn?
- •I’ve been eyeing platinum more and more lately, specifically for my IRA.
- •For context, I’m in Jacksonville, military contractor, so security and stability are always at the front of my mind.
- •My portfolio is sitting around the high end of 100k right now, mostly in a gold IRA I started a few years back.
I’ve been eyeing platinum more and more lately, specifically for my IRA. For context, I’m in Jacksonville, military contractor, so security and stability are always at the front of my mind. My portfolio is sitting around the high end of 100k right now, mostly in a gold IRA I started a few years back. The past few months, it feels like the economic air is getting thinner, if you know what I mean. I’m starting to get that old familiar knot in my stomach.
I’ve been talking to my precious metals dealer about diversifying beyond just gold and silver. Gold has been a rock, absolutely, but platinum seems to be getting overlooked by a lot of people. It’s got that industrial demand aspect, but it’s still very much a precious metal, scarce, and a store of value. It feels like a smart move to boost my recession-proofing strategy. The idea of getting into a Platinum IRA makes a lot of sense for someone like me who’s trying to mitigate risk without completely abandoning growth potential.
What are people’s thoughts on platinum's role in a defensive portfolio right now, especially compared to gold? Platinum is trading at a significant discount to gold, which makes me wonder if there's a big opportunity here or if I'm missing something. Is anyone else considering adding platinum to their IRA specifically to insulate against a potential recession?
Any other contractors or folks in the security sector on here who are thinking about their precious metals strategy for the next 12-18 months? I’m particularly interested in hearing from anyone who’s actually done a Platinum IRA or has experience with it through a downturn.