Anyone else thinking about platinum for inflation protection?
- •I've been holding a pretty decent chuck of physical gold in my IRA for about five years now, and it's served me well as an inflation hedge.
- •My ~300k gold IRA has certainly outperformed my expectations during these rollercoaster years.
- •It's got that dual appeal, you know?
I've been holding a pretty decent chuck of physical gold in my IRA for about five years now, and it's served me well as an inflation hedge. Coming from the steel industry in Birmingham, commodities aren't exactly new territory for me, so the core concept of a tangible asset holding its value when fiat currency goes wonky makes perfect sense. My ~300k gold IRA has certainly outperformed my expectations during these rollercoaster years.
Lately, though, with all the talk about supply chain disruptions hitting industrial metals and the push towards green energy, I've been looking hard at platinum. It's got that dual appeal, you know? Both a precious metal and a critical industrial commodity. Thinking about how much more it's used in things like catalytic converters, and the potential for hydrogen fuel cells… it just feels like its industrial demand might outpace gold's purely investment/jewelry demand in the long run, especially if inflation stays sticky.
My advisor and I have kicked it around a bit, and the idea of diversifying some of my gold holdings into platinum within the IRA is gaining traction. I’m not talking about selling off all my gold, but maybe a 20-30% allocation to platinum feels right. Is anyone else in a similar boat, perhaps moving some of their established gold positions into platinum for that added industrial demand layer of inflation protection? Or am I just overthinking it and should just stick with what’s working?
What are your thoughts on platinum as an inflation hedge, particularly within an IRA, compared to gold right now? Are there any downsides I'm not seeing as clearly?