Gold hitting new highs – what now for platinum?

Barbara White

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Gold hitting new highs – what now for platinum?

barbara_white🏆Advanced (250-500k)

about 7 hours ago

Key Takeaways

•Okay, so gold just blew past its all-time high, again.
•I swear, every time I check my portfolio, it’s a new record.
•As someone who's been pretty vocal about metal diversification, especially with an IRA, I’m feeling pretty validated right now.

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Okay, so gold just blew past its all-time high, again. I swear, every time I check my portfolio, it’s a new record. As someone who's been pretty vocal about metal diversification, especially with an IRA, I’m feeling pretty validated right now. I dumped a chunk of my old 401k into a Gold IRA back when I left banking a few years ago, probably around $150k initially, and it’s been a wild ride. My total IRA portfolio sits around $400k now, and a significant portion is in metals. The past few years, watching inflation tick up here in Portland, it just felt like the smart move to hedge. I've always been a bit risk-averse after seeing some people get burned in the '08 crash, even from the inside at the bank.

My question for you all is, with gold showing such strength, where does that leave platinum, specifically within an IRA? I’ve got some platinum, a smaller percentage than my gold, but it’s still a decent chunk. I've always viewed platinum as having that industrial demand factor alongside its precious metal status, which I liked. It seemed like a good way to diversify within metals, you know? But it hasn't seen the same meteoric rise as gold lately.

Is anyone else feeling a bit antsy about their platinum holdings right now? Or do you see this as an opportunity? I’m trying to decide if I should rebalance a bit, maybe trim some platinum to boost my gold further, or if I should just hold steady and wait for platinum to catch up. I've been doing a lot of reading on the demand forecasts for both, and there are compelling arguments on both sides. I also used the Learning Center quite a bit when I was first setting up my IRA to understand the different metal plays, and found it super helpful for weighing the pros and cons of each.

What are your strategies here? Are you doubling down on gold, or do you think platinum's time in the sun is coming? Especially curious to hear from anyone who has a significant allocation to platinum in their IRA. Is now the time to buy more platinum on relatively low prices, or is gold just King Midas these days?

4 comments

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Best Answer▲ 9 upvotes

david_brown💎Premium (500k-1m)

Totally get the validation, it's a sweet feeling when your foresight pays off. But platinum's a different beast, isn't it? While gold's riding high on safe-haven demand and inflation fears, platinum's more tied to industrial demand and automotive catalysts. It's not always going to track gold's movements. You could even argue that with gold at ATHs, platinum might be a more attractive value play longer term if you believe in a manufacturing uptick. Just a thought!

Comments (4)

brian_edwards🌟Ultra (5m+)Real Investor✓ Verified•less than a minute ago

Totally feel this. I went heavy into a Gold IRA when things felt super shaky a few years back, and it's been such a relief to see it paying off. Honestly, I'm now wondering the same about platinum. Is it too late to get in on that action, or is it still flying under the radar compared to gold's spotlight?

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

Totally hear you on the validation, that must feel good! Congrats on the foresight.

You mentioned diversifying, especially with an IRA, which makes me curious – did you specifically diversify *into* platinum at some point, or are you just wondering about its potential movement now relative to gold's surge?

david_brown💎Premium (500k-1m)Real Investor•less than a minute ago

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

Totally get the feeling of validation when a strategy pays off! Regarding platinum, it's definitely a metal worth keeping an eye on, especially with the gold run. Sometimes these precious metals can move in sympathy, but platinum also has its own industrial demand drivers that gold doesn't.

One thing I always check is the gold-to-platinum ratio. It can give you a pretty good idea of whether platinum might be undervalued compared to gold. You can usually find charts for this on most financial sites, or even just a quick Google search will pull up current ratios. Might be helpful in your decision-making!

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