Is platinum the sleeping giant or just a shiny rock? Asking for a friend (me).

Laura Sanchez

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Is platinum the sleeping giant or just a shiny rock? Asking for a friend (me).

laura_sanchez💰Established (100-250k)

about 1 hour ago

Key Takeaways

•Okay, so I've been eyeing platinum lately and wondering if it's seriously undervalued.
•I've got a decent chunk of my retirement savings wrapped up in gold, probably around $180k of it in a Gold IRA with Augusta Precious Metals.
•Been pretty happy with that decision, especially with all the market madness the last couple of years.

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Okay, so I've been eyeing platinum lately and wondering if it's seriously undervalued. I've got a decent chunk of my retirement savings wrapped up in gold, probably around $180k of it in a Gold IRA with Augusta Precious Metals. Been pretty happy with that decision, especially with all the market madness the last couple of years. My initial thoughts when I started researching PMs was mostly just gold and silver, but now I’m wondering about platinum.

Living down here in El Paso, I see a lot of cross-border commerce, and frankly, a lot of folks always hustling for the next opportunity. It kind of gets you thinking differently about investments. Gold’s always been the classic, the safe haven, the "dolar seguro" everyone understands. But platinum… it feels like it has this industrial demand component that gold doesn't, and it’s been lagging pretty hard behind gold and even silver for a while now. Is it just going to stay that way, or is there a real chance for a significant upside here? I keep looking at the spread between gold and platinum and it just feels… off. Like a good deal that’s almost too good to be true, you know?

Anyone else here diversified into platinum? Or thinking about it for their precious metals IRA? What are your thoughts on its long-term prospects, especially with the push for green tech (catalytic converters and all that) versus the very real possibility of a global slowdown impacting industrial demand? I'm trying to decide if it's worth allocating, say, 10-15% of my next PM purchase into platinum instead of just stacking more gold. Thoughts? Warnings? "Stay away, hermano!" type advice?

3 comments

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Best Answer▲ 10 upvotes

sandra_green📊Growing (50-100k)

Haha, "asking for a friend (me)" – classic! I've been there with the same question, though with silver more than platinum. Had a similar amount in a Gold IRA with Lear Capital for years and was super happy with the stability. Then I started wondering about silver and if I was missing out on some potential growth.

Ultimately, I diversified a little bit into silver, but kept the majority in gold. Platinum does seem interesting though, especially with the industrial demand side. Curious to see what others think here!

Comments (3)

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

Ultimately, I diversified a *little* bit into silver, but kept the majority in gold. Platinum does seem interesting though, especially with the industrial demand side. Curious to see what others think here!

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

Hey, interesting thought on platinum! I've been mostly focused on gold myself, also with Augusta actually (solid choice!).

You mentioned you've got about $180k in your Gold IRA. I'm curious, what's your overall portfolio size look like, and what percentage of that is the $180k in gold? Just trying to get a feel for how big a slice that is.

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

Interesting thought on platinum. While it definitely has industrial uses, and sometimes gets that "undervalued" tag, I always wonder if it truly has the same long-term appeal as gold for a retirement account. Gold's track record as a safe haven and store of value is pretty unparalleled. Platinum feels a bit more volatile, you know?

I guess it depends on what you're looking for – more speculative growth from industrial demand, or the steady, reliable hedge that gold provides. For an IRA, I'm personally sticking with the historical heavy hitter. Good luck with your research, though!

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