Is platinum undervalued for a precious metals IRA right now?

• •For context, I’m in my late 40s, a lawyer in Philly, and my portfolio is roughly 750k.
• •My primary focus has always been wealth preservation and hedging against inflation, which gold has done admirably for me over the long haul.
• •However, I’m starting to wonder if I should be diversifying a bit more within the precious metals space, specifically looking at platinum.

I’ve been heavily invested in gold for my IRA for years now, probably 80% of my precious metals allocation when you factor in some silver I picked up in the early 2010s. For context, I’m in my late 40s, a lawyer in Philly, and my portfolio is roughly 750k. My primary focus has always been wealth preservation and hedging against inflation, which gold has done admirably for me over the long haul. However, I’m starting to wonder if I should be diversifying a bit more within the precious metals space, specifically looking at platinum.

My IRA currently holds about $350k in physical gold (mostly Eagles and Buffalos) and another $50k or so in silver (mainly Canadian Maples). I’m sitting on a decent amount of cash in the account right now, probably around $100k, and I’m contemplating putting some of that into platinum. I’ve been watching the price action and it just feels… low, especially compared to gold and even palladium. Palladium has gone absolutely parabolic at times, and while it's come down, platinum seems to be languishing. I understand the industrial demand aspect of platinum, particularly with catalysts, but I also see the argument for it as a jewelry metal and a store of value. It feels like platinum hasn't caught the same safe-haven bid that gold has, which makes me think there's a disconnect.

I’m thinking of allocating maybe 10-15% of my total precious metals into platinum. I’d be looking at physical bullion, likely American Platinum Eagles or some other recognized coin. The idea isn't to chase a quick buck, but rather to add another layer of diversification and potentially capitalize on what I perceive as a current undervaluation. Is anyone else in a similar boat, or has anyone recently added platinum to their IRA? What are your thoughts on its long-term prospects, particularly in an IRA context?

Am I being too speculative by considering platinum now, given my primary goal of wealth preservation? Or is this a smart move to round out a precious metals portfolio that's currently so gold-heavy? I'm curious to hear from others who have gone down this road.