Platinum: a forgotten gem or fools gold for my IRA?

Gary Stewart

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Platinum: a forgotten gem or fools gold for my IRA?

gary_stewart📊Growing (50-100k)

about 11 hours ago

Key Takeaways

•Been thinking a lot about platinum lately for my Gold IRA over the past few months.
•I’ve heard a lot of talk about how it's undervalued, especially when you look at its historical relationship with gold.
•Being in agriculture here in Fresno, I've seen firsthand how important hard assets are, and paper just doesn't cut it for me.

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Been thinking a lot about platinum lately for my Gold IRA over the past few months. I’ve heard a lot of talk about how it's undervalued, especially when you look at its historical relationship with gold. I'm sitting on about $75k in my Gold IRA right now, mostly in American Gold Eagles and some Canadian Maples, and I'm always looking to diversify with real assets. Being in agriculture here in Fresno, I've seen firsthand how important hard assets are, and paper just doesn't cut it for me.

My initial thought was to stick to gold and silver, but platinum keeps popping up in my research. I’ve seen some articles suggesting industrial demand for platinum is on the rise, particularly in fuel cells and other green technologies. If that's true, wouldn't that drive prices up significantly? Or is this just a classic case of hoping for a future that might not materialize? I remember loading up on some agricultural land back in the '90s that everyone said was "undervalued" and it paid off huge, but then there were other bets that... well, let's just say they didn't pan out.

I'm contemplating allocating a small portion, maybe 10-15% of my IRA, into platinum if the sentiment here is positive. Is anyone else here holding platinum in their IRA? What's your take on its current valuation and future prospects? Are there specific platinum products that are more suitable for an IRA? I want to make sure I’m making a smart move, not just chasing a trend.

Also, if anyone is new to the Gold IRA thing and wants to figure out what metals might be best for them, I actually took this Gold IRA Quiz a while back and it helped me get my head around some of the options. Might be worth a shot if you're on the fence about what to do with your own portfolio.

3 comments

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Best Answer▲ 8 upvotes

janet_cook📊Growing (50-100k)

Dude, I was in a super similar spot last year. Had a chunk in Eagles and CMLs, and the platinum buzz got me thinking too. Ended up dipping my toes in with a small allocation of platinum Eagles. The premiums were a bit rougher than gold, but it felt good to diversify a tad. Time will tell if it was genius or not, haha. Just make sure you're comfortable with the liquidity aspect if you go for it!

Comments (3)

janet_cook📊Growing (50-100k)•less than a minute ago

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

Interesting thought process on platinum! You mentioned the "historical relationship with gold" – what specific aspects of that relationship are you looking at that make you think platinum is undervalued right now?

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

Interesting thought on platinum. While it definitely has its industrial uses and the historical gold-to-platinum ratio is tempting, I'd be a bit cautious about going heavy on it in a retirement account like an IRA. The volatility can be a real beast, and it doesn't always track gold or silver in the way you'd hope for that "safe haven" aspect. Might be worth considering if you're looking for a smaller, more speculative play, but for a significant chunk of that $75k, I'd personally stick with the more established precious metals.

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