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    Platinum and gold acting wonky - anyone else repositioning?

    B
    brian_edwards🌟Ultra (5m+)
    about 2 months ago
    Key Takeaways
    • Platinum's been mostly sleeping since then, but gold has been the usual reliable beast.
    • My concern now is the volatility.
    • While the overall trend for gold is still up long-term, these intraday and weekly swings are wild.
    See what your 401(k) could look like in gold

    Okay, so I've been watching platinum and gold bounce around like a tennis ball in a washing machine lately, and it's starting to make me a little antsy. I've been heavily into tangible assets for years, especially with my real estate development work, and my whole ethos is about hedging against inflation and market crap. I rolled about $1.5 million from some old growth stocks into my Gold and Platinum IRAs back in late 2021 when I started seeing the writing on the wall, figuring it was a safe haven play for a solid chunk of my portfolio. Platinum's been mostly sleeping since then, but gold has been the usual reliable beast.

    My concern now is the volatility. While the overall trend for gold is still up long-term, these intraday and weekly swings are wild. I’m sitting here in Aspen, watching the news, and it feels like the big banks are playing games with the spot price. I've contemplated taking about 10-15% of my gold profits and re-allocating them into something else just to diversify that leg of my portfolio, but then I look at the dollar and think, "Nope, not yet." I initially targeted a 12-18 month hold on this particular IRA chunk before re-evaluating, and we're coming up on that timeframe.

    For those of you with significant holdings, especially in platinum, are you seeing this as an opportunity to buy the dip, or are you scaling back? I've been considering adding another $250k into platinum if it holds these lower levels for another week or two, but that’s a big "if." Curious to hear what others are doing with their precious metals allocations, particularly platinum given its industrial demand potential. Are we looking at a genuine correction or just a bit of noise before another leg up?

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    10 comments

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    Best Answer▲ 15 upvotes
    M
    matthew_murphy👑Elite (1m-5m)
    Seems like everyone's getting spooked by this volatility. I remember back in '08, right before the big run, gold looked just as "wonky" to a lot of folks. My old broker, God rest his soul, convinced me to move a significant chunk of my retirement into physical then, about 20% of my portfolio at the time, and that move alone is why I'm sitting comfortably in Dublin today instead of still commuting. Platinum is a different beast, but these jitters often precede something bigger.

    Comments (10)

    5
    nancy_hall💰Established (100-250k)Real Investorabout 2 months ago

    Totally feel this. My silver holdings have been doing some weird acrobatics too. Been considering a partial shift into some platinum just to diversify a bit more, but then I see the charts and it makes me second-guess everything. It's like trying to predict the weather with a blindfold on sometimes, isn't it? Good luck with whatever you decide!

    1
    donald_nelson💎Premium (500k-1m)Real Investor✓ Verifiedabout 2 months ago

    Totally feel you on the "tennis ball in a washing machine" analogy right now! It's definitely been a wild ride. You mention you've been heavily into tangible assets for years, especially with your real estate. Are you finding that the platinum/gold volatility is making you rethink your overall tangible asset allocation, or just within the precious metals themselves?

    10
    margaret_chen🏆Advanced (250-500k)Real Investorabout 2 months ago

    You know, I'm actually seeing this as a potential buying opportunity, especially for gold. While the short-term volatility can be jarring, I think the underlying fundamentals for precious metals, particularly with ongoing global uncertainties and inflation concerns, are still very strong. A dip isn't necessarily a reason to reposition entirely, but maybe to DCA in a bit more if you believe in the long-term play.

    15
    matthew_murphy👑Elite (1m-5m)Real Investorabout 2 months ago

    Seems like everyone's getting spooked by this volatility. I remember back in '08, right before the big run, gold looked just as "wonky" to a lot of folks. My old broker, God rest his soul, convinced me to move a significant chunk of my retirement into physical then, about 20% of my portfolio at the time, and that move alone is why I'm sitting comfortably in Dublin today instead of still commuting. Platinum is a different beast, but these jitters often precede something bigger.

    11
    sharon_evans💰Established (100-250k)Real Investorabout 2 months ago

    Honestly, I’m sticking with my strategy on my gold IRA. The short-term wonkiness around platinum isn't making me rethink the long-term benefits for my retirement savings. I did a 401k rollover a couple years back, putting about 15% into precious metals, and the tax advantages alone make it a solid anchor in my portfolio here in Tulsa. Just watching the market for now.

    1
    diane_bailey💰Established (100-250k)Real Investorabout 2 months ago

    Totally know what you mean about things acting 'wonky' - it's been a ride since 2020. I remember watching my traditional portfolio yo-yo, nearly giving my wife a heart attack each quarter. That's when I finally pulled the trigger on a Gold IRA, putting about $150k in, feeling a mix of relief and terror as it shipped down to the depository. Seeing that physical metal backing it, especially after seeing the inflation reports hit 9.1% last year, has truly been the only thing that lets me sleep soundly at night here in Savannah.

    3
    donna_rogers🏆Advanced (250-500k)Real Investorabout 2 months ago

    With platinum, I’ve definitely felt that squeeze with the industrial demand fluctuations. When I first started looking at a Gold IRA back in 2018, I poured a good 10-15% of my precious metals allocation into platinum thinking it would mirror gold more closely. After seeing how it performed (or didn't!) compared to the steady climb of gold the last few years, especially with inflation concerns, I gradually rebalanced. Nowadays, I keep most of my physical in gold and silver, mostly for that long-term store of value. It’s boring, but it works, and it’s a lot less "wonky" than platinum has been for me.

    8
    joyce_cooper📊Growing (50-100k)✓ Verifiedabout 2 months ago

    Honestly, I've been seeing the same thing with platinum. I actually moved about 15% of my gold holdings into silver back in April – mostly Eagles and Maples from a local dealer here in Little Rock. My Gold IRA is staying put, though; those allocations are long-term for a reason.

    5
    william_davis💎Premium (500k-1m)Real Investorabout 2 months ago

    Glad I’m not the only one seeing this. Got into my Gold IRA back in 2020 when everything felt like it was going sideways, moved a good chunk of my 401k over – about $350k into physical gold and silver allocated with Augusta. Honestly, the peace of mind having that physical asset, especially when the markets get squirrely like this, is worth its weight in... well, gold. I still keep an eye on platinum, but my core conviction remains with the yellow metal for long-term stability rather than trying to chase every fluctuation.

    0
    catherine_bell🏆Advanced (250-500k)Real Investorabout 2 months ago

    Good question, I’ve been eyeing the XPT/XAU ratio myself. With all the geopolitical uncertainty lately, do you think this current wonkiness is a short-term blip, or are we seeing a more fundamental shift in the *relationship* between these two metals, especially considering palladium's recent run? I'm trying to decide if I should rebalance my personal physical allocation in Spokane or just hold steady.

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