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    Platinum: a forgotten gem or a dead asset?

    Key Takeaways
    • I've been thinking a lot about platinum lately, and whether it's truly undervalued, or if I'm just looking at it through rose-tinted glasses.
    • My Gold IRA is currently sitting around the $75k mark, mostly in gold and a decent chunk of silver.
    • I keep tinkering with the idea of reallocating some of that silver into platinum, especially when I look at the historical price charts.
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    I've been thinking a lot about platinum lately, and whether it's truly undervalued, or if I'm just looking at it through rose-tinted glasses. My family's jewelry store in Providence has seen a steady demand for platinum pieces, especially engagement rings, but for investment purposes, it just feels... forgotten. We're talking about a metal that's rarer than gold, has significant industrial applications, and yet it's been trading at a discount to gold for a while now.

    My Gold IRA is currently sitting around the $75k mark, mostly in gold and a decent chunk of silver. I keep tinkering with the idea of reallocating some of that silver into platinum, especially when I look at the historical price charts. The industrial demand for platinum, particularly in catalytic converters and hydrogen fuel cells, seems like it should be pushing prices higher. Is this just a temporary lull, or is the market signaling a fundamental shift away from platinum?

    I feel like the general public, at least from what I see in the store, is still focused predominantly on gold and silver. Platinum just doesn't get the same buzz. I pulled up that Silver vs Stocks tool the other day to compare, and while silver has had its own wild ride, platinum's recent performance still leaves me scratching my head.

    Are any of you guys investing in platinum through your IRAs? What's your sentiment around it? Am I missing a key piece of information that's keeping its price down, or is this genuinely an undervalued opportunity for someone like me who understands its intrinsic worth?

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    5 comments

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    Best Answer▲ 9 upvotes
    B
    betty_king📊Growing (50-100k)

    Hey, interesting post! Platinum definitely has a unique place in the precious metals market. For anyone looking to dive deeper into its investment potential (and compare it to gold/silver), I found this article from Investopedia really helpful: https://www.investopedia.com/articles/investing/091015/platinum-vs-gold-vs-silver-which-best-investment.asp It breaks down the industrial vs. investment demand pretty well. Good luck with your research!

    Comments (5)

    1
    steven_mitchell🏆Advanced (250-500k)Real Investor✓ Verified3 days ago

    That's an interesting question! I had a similar thought process a while back with silver. For years, it seemed like everyone was focused on gold, and silver just sat there. I picked up some at a pretty low price, and while it hasn't exploded like gold has at times, it's definitely been a solid performer for me. Maybe platinum has a similar slow-burn potential, especially with an industrial component that gold doesn't fully share.

    5
    michelle_collins🏆Advanced (250-500k)Real Investor3 days ago

    Interesting! So the demand for platinum jewelry is steady in Providence, even with its volatility. Do you feel like those buyers are also aware of or interested in platinum as an investment vehicle, or is it purely for aesthetic/sentimental value for them?

    5
    betty_king📊Growing (50-100k)3 days ago

    Interesting take, OP. While the jewelry demand is definitely there, I'm not sure if that translates directly to platinum being a *great* IRA asset, especially compared to gold or even silver.

    The industrial demand swings can be pretty wild for platinum, and that volatility could eat into gains in a big way. Just something to consider when you're looking at it strictly as an investment and not as a pretty bauble for your significant other!

    9
    betty_king📊Growing (50-100k)3 days ago

    Hey, interesting post! Platinum definitely has a unique place in the precious metals market. For anyone looking to dive deeper into its investment potential (and compare it to gold/silver), I found this article from Investopedia really helpful: https://www.investopedia.com/articles/investing/091015/platinum-vs-gold-vs-silver-which-best-investment.asp It breaks down the industrial vs. investment demand pretty well. Good luck with your research!

    3
    margaret_chen🏆Advanced (250-500k)Real Investor3 days ago

    Totally agree with you on this. Platinum often gets overlooked, but it's got some serious long-term potential. I actually diversified my precious metals portfolio a while back and put a small percentage into platinum. It's been pretty stable, even when gold and silver have seen some dips. Plus, the industrial demand is something to consider too. Good to hear your family's store is seeing demand for it!

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