Anyone else watching platinum? Feel like it's been getting slept on.

Carol Carter

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Anyone else watching platinum? Feel like it's been getting slept on.

carol_carter💰Established (100-250k)

about 2 months ago

Key Takeaways

•Okay, so I’ve been heavily invested in gold for my Gold IRA for a few years now, and it’s been fantastic.
•This isn't my only egg in the basket, by any means.
•Lately though, I’ve been looking at platinum.

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Okay, so I’ve been heavily invested in gold for my Gold IRA for a few years now, and it’s been fantastic. I've got a good chunk, probably about 15% of my overall 200k retirement portfolio, in physical gold through my IRA, and I'm super happy with how it's performed. I also have a fully diversified retirement approach - a Roth, a traditional 401k through my agency here in Omaha, and some regular brokerage accounts. This isn't my only egg in the basket, by any means.

Lately though, I’ve been looking at platinum. Seriously, is it just me, or does it feel like platinum is wildly undervalued right now? I remember a few years back, before things got crazy, it was trading at a premium to gold, or at least much closer. Now it’s lagging behind big time. I know the auto industry demand has shifted, but with the push for hydrogen fuel cells and the potential for a rebound in industrial applications, it just seems like there's a lot of upside potential.

I'm contemplating taking a small portion of my new investment contributions – maybe 5-10k – and putting it into platinum bars or coins, outside of my Gold IRA for now, just to get a feel for it. I'm not looking to move funds from my existing Gold IRA, because I'm happy with that allocation. Mostly curious if anyone else is thinking the same way or if I’m missing some glaring red flags here. Should I be looking at it more from a speculative angle or a long-term hedge?

Also, side note: For those who are just starting to look into precious metals for retirement, I found this Gold IRA Quiz super helpful when I was first getting started. It really breaks down the basics and helps you figure out if it's a good fit for your situation. But yeah, back to platinum – am I just seeing what I want to see, or is there a genuine opportunity brewing?

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5 comments

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Best Answer▲ 10 upvotes

dorothy_lopez💰Established (100-250k)

Totally agree, platinum feels like it's been in gold's shadow for a while. You mentioned your Gold IRA – are you able to hold platinum within that same IRA, or would you need a separate "Precious Metals IRA" for that?

Comments (5)

ashley_baker💼Starter (0-50k)✓ Verified•about 2 months ago

Totally feel this! I was so focused on gold and silver for my IRA and then my buddy mentioned platinum. Did some digging and it actually makes a lot of sense, especially with the industrial demand. Ended up adding a small percentage to my own precious metals allocation last year. Definitely feels like it's been flying under the radar.

dorothy_lopez💰Established (100-250k)Real Investor•about 2 months ago

frank_rivera💎Premium (500k-1m)Real Investor•about 2 months ago

Honestly, while platinum definitely has its industrial uses and can see some good run-ups, I'm not sure it's quite in the same league as gold for a bedrock IRA holding. Gold's historical role as a monetary metal and its consistent safe-haven demand just give it a different kind of stability, especially for retirement. Platinum can be a bit more volatile, which might not be ideal for a significant portion of a long-term retirement fund.

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

Totally agree, platinum feels like it's been the forgotten precious metal for a while. It's got some really interesting industrial demand that gold doesn't always rely on, plus the supply is way lower.

If you're digging into the numbers and trends, Kitco has some excellent free charts and news specifically on platinum that might be helpful for your research! Just something that's helped me out in the past.