Is platinum undervalued right now vs. gold? Considering adding to my IRA.

Matthew Murphy

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Is platinum undervalued right now vs. gold? Considering adding to my IRA.

matthew_murphy👑Elite (1m-5m)

about 4 hours ago

Key Takeaways

•Been thinking a lot about platinum lately, especially with the gold prices doing what they're doing.
•Just felt like the smarter move long-term than keeping everything tied up in a volatile market while I'm here in Dublin, Ohio.
•I’m pretty happy with how it’s performing, but I’m always looking to diversify within the precious metals space.

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Been thinking a lot about platinum lately, especially with the gold prices doing what they're doing. I pulled the trigger on converting a decent chunk of my tech company stock into a Gold IRA a few years back – probably around $4 million worth, split between physical gold and some silver too. Just felt like the smarter move long-term than keeping everything tied up in a volatile market while I'm here in Dublin, Ohio. I’m pretty happy with how it’s performing, but I’m always looking to diversify within the precious metals space.

I've been looking at the gold-to-platinum ratio and it's making me wonder if platinum is significantly undervalued right now. Historically, gold and platinum have traded pretty closely, sometimes with platinum even higher. Lately though, gold has just gone stratospheric, while platinum seems to be lagging. Is this a temporary thing, or is there a fundamental shift I'm missing? I know platinum has industrial demand (catalytic converters, etc.), which can be a double-edged sword when the economy is uncertain.

Part of me feels like it could be a really good entry point to start adding platinum rounds to my IRA. I’ve already got a good base in gold and silver, so it wouldn't be a huge allocation, maybe $200k-$300k to start. Anyone else here invested in platinum in their IRA, and what's your take on its long-term prospects relative to gold? Are you seeing the same disparity and thinking it's an opportunity?

I’m just trying to get a feel for the sentiment out there. I know past performance isn't an indicator of future results, but the current spread feels rather extreme. Appreciate any insights folks have!

3 comments

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Best Answer▲ 8 upvotes

matthew_murphy👑Elite (1m-5m)

Interesting thought process, given your background. While I get the appeal of platinum, especially with the PGM market being what it is, I'd caution against equating "undervalued" purely with its price relative to gold right now. Platinum has some industrial demand drivers that gold doesn't, making it a bit more susceptible to economic downturns and shifts in specific industries (like auto catalysts).

For a retirement vehicle like an IRA, some of that cyclicality could introduce more volatility than you might want compared to gold's more consistent role as a monetary metal. Diversification is good, but maybe do a deeper dive into platinum's specific market dynamics before making a big move, especially with such a significant sum.

Comments (3)

helen_turner💰Established (100-250k)Real Investor•less than a minute ago

Totally get where you're coming from. I was in a similar boat a few years ago, not with platinum, but looking at palladium when gold was soaring. Ended up sticking mostly with gold and silver in my IRA, but I did dabble a bit in some palladium ETFs outside of it. The thought of diversifying metals within the IRA is smart, especially if you see a real play there.

Curious to hear what analysis you've been doing that makes you think platinum is looking undervalued. Always good to hear other perspectives on this stuff.

joshua_phillips🏆Advanced (250-500k)Real Investor✓ Verified•less than a minute ago

Interesting thought process! When you say "platinum is undervalued right now vs. gold," are you thinking more about its industrial demand potential or its historical price relationship to gold? Curious what's making you lean that way.