Is platinum the overlooked shiny thing right now? My IRA is mostly gold, but thinking diversification.
- •Okay, so I've been doing a deep dive (as one does when you've got a Saturday afternoon and a serious case of financial FOMO) into platinum.
- •But my brain, being the academic type it is, just can't stop probing for the *next* thing.
- •Specifically, I'm looking at platinum.
Okay, so I've been doing a deep dive (as one does when you've got a Saturday afternoon and a serious case of financial FOMO) into platinum. My Gold IRA is sitting pretty well, especially with the inflation jitters lately – glad I pulled the trigger on that a few years back when I had a chunky chunk of my 401k to roll over. We're talking probably $300k of my retirement portfolio is in physical gold right now, stored securely, and honestly, it helps me sleep better at night. But my brain, being the academic type it is, just can't stop probing for the next thing.
Specifically, I'm looking at platinum. With its industrial uses, particularly in catalysts, and the fact that it's significantly rarer than gold, its current price per ounce just feels... low. Historically, it's often traded at a premium to gold, and right now it's way under. Am I missing something fundamental here? Is the EV transition going to absolutely tank demand for catalytic converters more than I'm accounting for? Or is there a real opportunity here for a long-term play?
I've been using tools like the Gold vs Stocks Comparison on GoldIRAblueprint.com to model different scenarios for my gold holdings versus my S&P 500 index funds (fwiw, gold has definitely held its own over the last decade, way better than some of the doomsayers predicted back when I first invested). But there isn't a neat 'Platinum vs Gold' or 'Platinum vs Stocks' comparison out there for me to geek out on in the same way. It requires more manual number crunching, which is fine, but makes the comparison less immediate.
For those of you with precious metals exposure beyond just gold, have you considered platinum recently? Or are you already in? What's your outlook? Is this just a classic value trap, or is there a genuine case for platinum climbing back towards or even above gold's price over the next 5-10 years? Really keen to hear some diverse perspectives beyond my own echo chamber here in Richmond.