Is platinum undervalued right now? Thinking about
- •Been thinking a lot about platinum lately, specifically how it stacks up against other precious metals and even the broader market.
- •As a military retiree here in San Diego, financial security is my absolute top priority, and gold has always been that rock for me.
- •But I'm starting to wonder if I'm missing an opportunity with platinum.
Been thinking a lot about platinum lately, specifically how it stacks up against other precious metals and even the broader market. I've had a significant chunk of my retirement in gold for a while now – probably around $300k of my total $450k investment portfolio is in some form of precious metals, mostly gold and a bit of silver. As a military retiree here in San Diego, financial security is my absolute top priority, and gold has always been that rock for me. But I'm starting to wonder if I'm missing an opportunity with platinum.
I'm looking at charts and historical data, and it just seems like platinum is lagging behind. Gold's been on a tear, and silver has had its moments too, but platinum just feels... stagnant. Is this a sign of it being incredibly undervalued, or is there something fundamental about the market right now that just isn't supporting it? I know it's got industrial uses, especially in catalytic converters, but with the move towards EVs, I'm trying to figure out how much that really impacts the long-term investment case.
I was playing around with that Silver vs Stocks tool the other day (mostly to see how my silver investments were holding up, pretty interesting stuff if you haven't checked it out) and it got me thinking about other comparisons. I wish there was a similar one for platinum vs. gold or platinum vs. stocks. Does anyone here have a significant platinum allocation in their IRA or personal holdings? What's your rationale, and what are you seeing that I might be missing?
Thinking about allocating maybe 10-15% of my precious metals holdings to platinum if the case is strong. Right now, it's almost non-existent in my portfolio. Is this a smart diversification move, or am I just chasing something that might not pay off? Any insights from folks with more experience in this specific metal would be greatly appreciated.