Anyone else watching platinum? Feeling like it's seriously undervalued right now.
- •I’ve been watching platinum for a while now, ever since I started seriously diversifying my portfolio away from just tech.
- •Gold's been good, obviously, and my IRA is looking solid, but platinum...
- •it really just feels like it's being slept on.
I’ve been watching platinum for a while now, ever since I started seriously diversifying my portfolio away from just tech. Moved out of my executive role a few months back in SF, still got a good chunk of my portfolio in the market, but the whole precious metals thing has been a real eye-opener. Gold's been good, obviously, and my IRA is looking solid, but platinum... it really just feels like it's being slept on.
When you look at the industrial demand, especially with the push for hydrogen fuel cells and the automotive sector eventually rebounding, it feels like the current price is a huge disconnect. I mean, it’s trading at a significant discount to gold right now. I’ve dropped about $50k into physical platinum rounds over the last six months, and I'm honestly considering adding another $20-30k in my IRA before year-end if it stays this low. It’s hard to ignore the supply-side issues too, mainly coming out of South Africa. Those guys aren't exactly known for stable production, you know?
Am I crazy for thinking this is one of those generational buying opportunities? Or am I just getting tunnel vision because I’m so deep into the precious metals space lately? Would love to hear if any of you seasoned investors are seeing the same thing or if there's something I'm totally missing here. What are your thoughts on platinum right now? Are you holding any? And if not, why?