Feeling bullish on platinum, anyone else? Thinking of

William Davis

Back to forum

🥇 Gold IRA

Feeling bullish on platinum, anyone else? Thinking of

william_davis💎Premium (500k-1m)

about 2 months ago

Key Takeaways

•Been doing a deep dive into platinum lately, and honestly, it feels like it's been unfairly beaten up.
•Gold’s had its run, silver too, but platinum… it just seems stuck in a weird spot.
•I've been in the gold game for about 15 years now, mostly through my Gold IRA, and I've seen these cycles come and go.

See what your 401(k) could look like in gold

Been doing a deep dive into platinum lately, and honestly, it feels like it's been unfairly beaten up. Gold’s had its run, silver too, but platinum… it just seems stuck in a weird spot. I've been in the gold game for about 15 years now, mostly through my Gold IRA, and I've seen these cycles come and go. Thinking of rebalancing a bit, maybe shifting some of my physical gold allocation into platinum within the IRA. My total precious metals portfolio is sitting somewhere north of $600k right now, so it's not a small decision.

Used to run a crew out in the Permian for over two decades, and I know a thing or two about commodities and industrial demand. Platinum’s industrial uses, especially in catalytic converters, keep popping up in my research. With the push for greener tech and stricter emissions, you'd think demand would only go up, wouldn't you? Mining production seems pretty constrained too. It just feels like typical market psychology, where everyone's chasing yesterday's winners instead of looking for the next opportunity. Starting to wonder if this is the undervalued moment we've all been waiting for with the white metal.

I’m looking at possibly carving out 5-10% of my current gold holdings for platinum, maybe even a bit more if I can justify it. From my perspective here in Dallas, the whole economic picture is still shaky enough that having hard assets is a no-brainer, and diversifying within those hard assets makes sense. My custodian has a good selection of platinum coins and bars that meet the IRA requirements, so that's not an issue.

What are y’all’s thoughts? Is platinum still too volatile, or is this a genuine opportunity? Also, for anyone newer to this, if you're trying to figure out which precious metals might be right for your retirement account, you might want to check out the Gold IRA Quiz. It's a handy tool for understanding the basics and seeing what aligns with your financial goals.

182

10 comments

Rolling over to gold takes 3 steps — here's how

See the exact process thousands of investors used to move their 401(k) into physical gold.

Under $100k? Compare options →

591 people viewed this today78 members requested a free kit this week118 investors bookmarked this

Best Answer▲ 14 upvotes

ruth_perez📊Growing (50-100k)

Thanks for sharing your experience. It's so helpful to hear from real investors.

Comments (10)

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

Totally get what you're saying! I had a similar feeling about palladium a few years back, though that was more about industrial demand than a direct gold/silver comparison. Ended up DCAing into it for a bit and it paid off pretty nicely. Platinum definitely feels like it's been overlooked. I'm keen to see what others think about adding it to a Gold IRA – diversification is always a good shout, right?

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

Interesting thought on platinum! I've been eyeing it too, but I'm curious about the "stuck in a weird spot" comment. What specifically makes you say that? Is it the industrial demand or something else?

james_wilson👑Elite (1m-5m)Real Investor✓ Verified•about 2 months ago

Interesting take! I hear you on platinum feeling oversold, and there's definitely an argument for a rebound given its industrial demand.

That said, personally, I'm a bit hesitant to shift too much of my retirement eggs into that basket right now. While gold's had a good run, its role as a safe haven and store of value feels a lot more established and predictable long-term, especially in uncertain times. Platinum's volatility, even if it eventually goes up, makes me a little nervous for something as crucial as my IRA. Just my two cents, but good luck with whatever you decide!

patricia_miller📊Growing (50-100k)✓ Verified•about 2 months ago

Hey, I hear you on platinum! It definitely has that "undervalued" vibe right now. If you're looking to compare historical performance and get some more data points for your decision, I found this article from Sprott Money super helpful. It breaks down gold, silver, and platinum's price performance over various periods. Might give you some extra ammo for your research!