Anyone else watching platinum for their IRA? Feels like it's been sleeping.

Mark Adams

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Anyone else watching platinum for their IRA? Feels like it's been sleeping.

mark_adams👑Elite (1m-5m)

about 7 hours ago

Key Takeaways

•Been doing some deep dives this weekend, and platinum keeps catching my eye.
•But I'm always looking for that next edge, especially with how wonky the markets have been.
•It feels like gold has made its run, and while I'm certainly not selling, I'm wondering if platinum is being seriously overlooked right now.

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Been doing some deep dives this weekend, and platinum keeps catching my eye. My existing gold holdings in the IRA are substantial, obviously – we're talking a solid 7-figure allocation there already, built up over the last decade. But I'm always looking for that next edge, especially with how wonky the markets have been. It feels like gold has made its run, and while I'm certainly not selling, I'm wondering if platinum is being seriously overlooked right now.

I'm primarily a gold guy, always have been. The stability, the history, the true safe-haven asset status – it's unmatched. But looking at the industrial demand for platinum, particularly with the push for green tech and hydrogen, it seems like there's a disconnect. Prices have been… less than stellar, to put it mildly, especially compared to its historical highs or even gold's recent performance. Is everyone just completely ignoring the supply constraints out of South Africa? Or am I being too bullish on the industrial side?

My fund's had some great plays this quarter, so I've got a bit of dry powder I'm considering reallocating from some less exciting positions. Thinking about adding maybe 5-10% of my precious metals allocation in platinum within my self-directed IRA. Not a huge bet, but enough to make a difference if it does pop. My main concern is liquidity if I need to exit quickly, but for a smaller portion of the overall metals allocation, it might be worth the potential upside. Has anyone here actually pulled the trigger on a substantial platinum position for their IRA recently? What's your take on its long-term prospects?

5 comments

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diane_bailey💰Established (100-250k)

Interesting thought on platinum. You mentioned your existing gold holdings are "substantial." Are we talking just physical metal, or do you also have exposure to mining stocks or gold-backed ETFs within that 7-figure allocation?

Just curious how you've diversified within your gold holdings, if at all, before looking to other metals.

Comments (5)

thomas_walker🏆Advanced (250-500k)Real Investor✓ Verified•less than a minute ago

Dude, totally resonated with this. I've been eyeing platinum too for pretty much the same reasons – got a decent gold allocation already and feel like it's time to diversify that precious metals side a bit more. I dipped my toe in with a small platinum purchase last year, mostly just to see how it felt. No regrets so far, it's been pretty stable, but definitely keeping an eye on it for a bigger move.

diane_bailey💰Established (100-250k)Real Investor•less than a minute ago

Just curious how you've diversified *within* your gold holdings, if at all, before looking to other metals.

paul_hill🏆Advanced (250-500k)Real Investor✓ Verified•less than a minute ago

Interesting thought on platinum. While I get the "sleeping giant" vibe, I'm personally a bit wary of it for an IRA, especially compared to gold. The industrial demand for platinum can be a double-edged sword – great when things are booming, but can really drag it down during economic downturns. Gold's pretty much always a safe haven, regardless of what the factories are doing. Just something to consider if you're looking for that long-term, rock-solid stability in retirement.

michelle_collins🏆Advanced (250-500k)Real Investor•less than a minute ago

Totally get the platinum intrigue, especially with gold having such a run. One thing I've found super helpful when looking at these decisions for my IRA is to compare the historical volatility of platinum to gold. Sometimes the "sleeping" part means it can wake up with a jolt, but it's good to be prepared for the other side of that coin too.

There are some great charts out there that overlay gold, silver, and platinum price movements over long periods – definitely worth a look if you haven't already. Might give some context to that "sleeping" feeling!

michelle_collins🏆Advanced (250-500k)Real Investor•less than a minute ago

Totally agree, OP. Platinum has definitely been on my radar too, feels like it's been undervalued for a while. My IRA is similar, heavy on gold, but I picked up some platinum last year when it dipped. So far, so good – it's up about 15% for me since then. Not going crazy on it, but definitely keeping an eye on how it performs against my gold.

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