Glad I diversified into Platinum years ago - my IRA is crushing it

Christopher Young

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Glad I diversified into Platinum years ago - my IRA is crushing it

christopher_young🌟Ultra (5m+)

about 3 hours ago

Key Takeaways

•I see a lot of posts here about gold and silver, which is great, but honestly, people are sleeping on platinum.
•Seriously, I’m sitting on some serious gains in my Platinum IRA from Augusta Precious Metals and wanted to share my experience.
•I started scaling into platinum around 2016-2017, after about a decade of stacking mostly gold and some silver in physical and my regular Gold IRA.

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I see a lot of posts here about gold and silver, which is great, but honestly, people are sleeping on platinum. Seriously, I’m sitting on some serious gains in my Platinum IRA from Augusta Precious Metals and wanted to share my experience. I started scaling into platinum around 2016-2017, after about a decade of stacking mostly gold and some silver in physical and my regular Gold IRA.

My portfolio was already north of $5M by then, but I kept looking at the industrial demand for platinum, the supply constraints, and the historical price correlation with gold, and just felt like it was only a matter of time before it caught up. Plus, let's be real, the spread then was chef's kiss. I’ve always been an entrepreneur, so I’m used to looking for undervalued assets and taking calculated risks. This felt like one of those moments – a good way to diversify beyond just gold and silver, even within the precious metals space.

I ended up allocating about 10-15% of my total precious metals IRA to platinum during those years, mostly in 1oz coins. The growth has been phenomenal, and it's really proven to be a fantastic hedge against some of the more volatile parts of my portfolio. Living in Scottsdale, you see a lot of people chasing speculative tech or real estate, and while I have my plays there too, having that bedrock of physical precious metals, especially platinum, has been such a relief during market corrections. It’s not just about the monetary gains, it's the peace of mind knowing you’re truly diversified.

Anyone else here made a significant play in platinum or palladium within their IRA? I’m always curious to hear other people’s long-term strategies, especially those who’ve been in the game for a while. What are your thoughts on its future trajectory with EV and hydrogen tech?

4 comments

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Best Answer▲ 10 upvotes

maria_campbell📊Growing (50-100k)

That's awesome to hear about your platinum gains! It's definitely a metal that doesn't get as much airtime as gold or silver, but it has some really interesting industrial demand that can drive its price.

For anyone else looking to diversify beyond the usual, here's a pretty good comparison of platinum vs. palladium vs. gold vs. silver that might help someone decide if it's right for their portfolio.

Comments (4)

richard_garcia👑Elite (1m-5m)Real Investor•less than a minute ago

Totally feel this! I dipped my toes into palladium a few years back, mainly on a whim after reading some industry forecasts, and it's been surprisingly good to me. Not quite "crushing it" like your platinum, but definitely outperforming my expectations. It's wild how much some of the less-talked-about metals can surprise you.

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

That's awesome to hear about your platinum gains! I'm genuinely curious though, what made you choose Augusta Precious Metals specifically for your Platinum IRA? Was it their fees, customer service, or something else that drew you in?

mark_adams👑Elite (1m-5m)Real Investor•less than a minute ago

That's awesome you've had such a great run with platinum! Definitely not something you hear about as much as gold or silver for IRAs. While it's great it worked out for you, I do think it's worth mentioning that past performance isn't always indicative of future results, especially with more volatile assets. Platinum can be a wild ride, and some people might find gold's stability more appealing for a long-term retirement play, even if the gains aren't always as explosive. Just something to consider for those thinking of diving in.

maria_campbell📊Growing (50-100k)✓ Verified•less than a minute ago

For anyone else looking to diversify beyond the usual, here's a pretty good comparison of platinum vs. palladium vs. gold vs. silver that might help someone decide if it's right for their portfolio.

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