Is platinum the dark horse no one's talking about?

Donna Rogers

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Is platinum the dark horse no one's talking about?

donna_rogers🏆Advanced (250-500k)

about 6 hours ago

Key Takeaways

•Been seeing a lot of chatter lately about palladium, obviously.
•I've been eyeing platinum for a while, just not pulled the trigger yet.
•My Gold IRA is mostly American Gold Eagles and some South African Krugerrands – love the heritage behind those.

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Been seeing a lot of chatter lately about palladium, obviously. Given my primary investment in a Gold IRA (and a smidge of silver for good measure), it got me thinking about other precious metals, specifically platinum. I've been eyeing platinum for a while, just not pulled the trigger yet. My Gold IRA is sitting pretty at about ~$380k right now, but I'm always looking for diversification avenues, especially within the precious metals space without going full-on commodity trader.

My Gold IRA is mostly American Gold Eagles and some South African Krugerrands – love the heritage behind those. For me, it's not just about the numbers, but the tangible asset, the history, the legacy, you know? It's why I'm in the bourbon industry – appreciation for something with deep roots and a story. Platinum, though, feels a bit different. It's got the industrial demand, sure, but also the rarity. And it seems like it's been lagging behind gold and palladium for a while.

Anyone else feel like platinum is seriously undervalued right now? I remember a few years back, everyone was scrambling for it, but it's been pretty quiet. Could this be a good entry point? I'm thinking of dedicating maybe 5-10% of my precious metals allocation to platinum, potentially in a Platinum IRA. Would love to hear from anyone who's already got platinum in their portfolio – what's your long-term outlook? Am I missing something obvious, or is this really a potential sleeper?

3 comments

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Best Answer▲ 9 upvotes

laura_sanchez💰Established (100-250k)

Interesting thought! You mentioned "a smidge of silver for good measure" in your Gold IRA. Is that also specifically for a precious metals IRA, or just a separate silver holding? I'm curious how easy it is to add other metals besides gold to an IRA.

Comments (3)

timothy_reed💎Premium (500k-1m)Real Investor•about 2 hours ago

Totally get what you're saying! I had a similar thought process a few years back when I was setting up my own precious metals IRA. Everyone was hyping gold and silver (and for good reason!), but I kept looking at platinum and thinking "why is this so overlooked?"

Ended up putting a small portion into it, just to diversify a bit beyond gold. It's been interesting to watch, that's for sure. Definitely feels like the quiet cousin sometimes.

laura_sanchez💰Established (100-250k)Real Investor✓ Verified•about 2 hours ago

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

Honestly, I hear you on the "dark horse" idea, but I'm not entirely convinced platinum is the one to back. Historically, it's been pretty volatile, even more so than gold or silver sometimes. And with the automotive industry's shift towards EVs, a huge chunk of its industrial demand might be on shaky ground. Just something to consider before diving in headfirst.

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