Anyone else watching platinum? Feel like it's a steal.
- •Been weighing my options with the gains I've locked in the past few months, and honestly, platinum is screaming at me.
- •Used to scoff at anything but gold and silver, but the industrial demand combined with the current spot price...
- •it just feels like we're looking at a serious undervaluation here.
Been weighing my options with the gains I've locked in the past few months, and honestly, platinum is screaming at me. Used to scoff at anything but gold and silver, but the industrial demand combined with the current spot price... it just feels like we're looking at a serious undervaluation here. I mean, historically, platinum has often traded at a premium to gold. We're nowhere near that right now. Feels like a no-brainer to diversify a bit more of my metals allocation into it.
My Gold IRA is sitting pretty well, north of $2 million, mostly in physical. I'm thinking of rolling over about $250k into platinum, maybe even $300k, through my custodian. Been retired from the street for a decade now, and while I never bet on a single horse, this feels different. The supply constraints coming out of South Africa, the push for hydrogen fuel cells… it's all aligning for a major squeeze, in my opinion.
I'm in New York, seen plenty of cycles. This just has that familiar smell of opportunity. For those of you who also hold significant metals allocations in your IRAs or otherwise, what's your take? Are you seeing the same potential? Or am I just getting too excited watching the charts? What's holding you back from making a move, if anything?
And for those with experience, how’s liquidity been for larger platinum sales compared to gold in an IRA? That's always a consideration when you're looking at potentially moving six figures around.