Platinum and recession fears - what's your take?

• •Hard to ignore all the financial chatter these days, particularly the increasing whispers about a potential recession.
• •I'm sitting here in Palm Beach, enjoying the relative calm, but my portfolio manager and I have been discussing how to really shore things up.
• •Specifically, beefing up my Platinum IRA.

Hard to ignore all the financial chatter these days, particularly the increasing whispers about a potential recession. I'm sitting here in Palm Beach, enjoying the relative calm, but my portfolio manager and I have been discussing how to really shore things up. My Gold IRA is already a significant chunk – well over seven figures in various gold holdings – but I've been considering platinum as a further hedge for some time now. Specifically, beefing up my Platinum IRA.

My initial allocation to platinum a few years back was relatively small, mostly as a diversifier away from gold and silver. It’s done reasonably well for me, but now I’m looking at it less as a diversification play and more as a dedicated recession-proof asset. The industrial demand for platinum is what always catches my eye, but then you have to weigh that against economic slowdowns impacting manufacturing. Gold's role as a traditional safe haven is well-established, but platinum feels a bit more nuanced. Is anyone else heavily invested in platinum as a primary defensive asset right now?

I’m thinking about adding another half-million or so to my platinum holdings over the next six months, depending on how the market moves. My wife thinks I’m being overly cautious, given our healthy gold position already, but I’ve seen enough cycles to know that you can’t be too prepared. What are the key factors you seasoned folks are watching that would make you lean more heavily into or away from platinum in this current economic climate? Any particular forms of platinum you prefer for IRAs – coins vs. bars, specific government-minted options?