Anyone else watching platinum prices like a hawk? Seems *super* cheap.
- •For context, I'm sitting on probably north of $300k in the shiny stuff, all within a self-directed IRA.
- •My construction business here in Chicago keeps me busy, but I always have an eye on the markets, especially anything tangible.
- •Lately, though, I can't shake the feeling that platinum is just drastically undervalued.
Okay, so I've been heavily invested in gold for a while now – got a good chunk of my retirement in a Gold IRA, started stacking when things felt shaky a few years back. For context, I'm sitting on probably north of $300k in the shiny stuff, all within a self-directed IRA. My construction business here in Chicago keeps me busy, but I always have an eye on the markets, especially anything tangible.
Lately, though, I can't shake the feeling that platinum is just drastically undervalued. I mean, it's typically been more expensive than gold, right? But now it's way down there, almost trading like a base metal sometimes. I know there's industrial demand and whatnot, but it just seems fundamentally off. Gold's been on a tear, silver's doing its thing, and platinum is just…chugging along. Is this a fluke, or are we looking at a long-term shift?
I'm seriously considering diverting some new capital, maybe even rebalancing a tiny bit from my gold holdings, to pick up some platinum. Not a massive amount, but enough to make it meaningful if it does pop. I like having diverse tangible assets, and frankly, the price feels like a steal compared to its historical averages and relative to gold. Am I crazy for thinking this? Are there any industrial guys or commodity traders here who can shed some light on why it's so low? What am I missing?
Anyone else bought platinum recently? What's your take? I'm talking about physical platinum, of course – thinking of adding some coins or bars to my vault, not just paper bets. Spill the beans, what are your thoughts?