Diving into Platinum - thoughts on its undervaluation?
- •Okay, so I've been doing a deep dive into my portfolio lately, specifically looking at how my precious metals are performing.
- •My Gold IRA is set up nicely – just under $200k in there, mostly gold, as you'd expect.
- •I'm aiming for an early retirement (dreaming of ditching the marketing grind by 55!), so every move needs to be strategic.
Okay, so I've been doing a deep dive into my portfolio lately, specifically looking at how my precious metals are performing. My Gold IRA is set up nicely – just under $200k in there, mostly gold, as you'd expect. I'm aiming for an early retirement (dreaming of ditching the marketing grind by 55!), so every move needs to be strategic.
Lately, though, I keep seeing chatter about platinum being seriously undervalued. I know it's not typically a primary component of a Gold IRA, but some companies definitely offer it as an option. Given its industrial uses, particularly in emission controls, and the fact that it's often priced significantly below gold (which feels... abnormal historically), it's got me wondering. Is this a moment to diversify a bit more into platinum, maybe pick up some physical platinum bars outside the IRA?
From my comfy chair in Minneapolis, I'm trying to weigh the pros and cons. On one hand, the supply disruptions and increasing demand for cleaner tech could really drive prices up. On the other, the EV transition could eventually eat into its automotive demand, though that feels a ways off. For those of you with bigger positions or more experience in platinum, what are your thoughts? Are you adding platinum to your holdings, or just sticking with the tried and true?