Platinum - anyone buying for long-term hold? Seems cheap.

Donald Nelson

Back to forum

🏢 Gold Companies

Platinum - anyone buying for long-term hold? Seems cheap.

donald_nelson💎Premium (500k-1m)

about 1 month ago

Key Takeaways

•I’ve been looking at platinum lately and it just feels ridiculously undervalued compared to gold, especially given its industrial uses.
•I’ve had most of my investable assets, probably 80% of my roughly $750k portfolio, in gold for over 20 years now – physical and a Gold IRA.
•Retired from the auto industry here in Detroit, saw a lot of ups and downs, and gold was always my bedrock.

Compare top Gold IRA companies — free

I’ve been looking at platinum lately and it just feels ridiculously undervalued compared to gold, especially given its industrial uses. I’ve had most of my investable assets, probably 80% of my roughly $750k portfolio, in gold for over 20 years now – physical and a Gold IRA. Retired from the auto industry here in Detroit, saw a lot of ups and downs, and gold was always my bedrock. But platinum… it’s sitting around a grand an ounce while gold is pushing $2300. Used to be worth more, sometimes significantly more. Am I missing something huge here?

I know the whole EV surge has put a damper on palladium demand for catalytic converters, and platinum usually follows its industrial cousin somewhat. But platinum has so many other applications – jewelry, chemical processes, medical instruments. It just seems like the market is throwing the baby out with the bathwater a bit. I’m thinking about converting a small percentage of my gold holdings, maybe 50k or so, into platinum. Not looking for get-rich-quick, but a solid long-term hold.

Does anyone out there have a significant position in platinum? Any long-term platinum investors who can share their perspective? What’s your outlook for the next 5-10 years? Are there specific types of platinum investments you prefer (bars, coins, ETFs)? I’ve stuck mostly to physical gold and a Gold IRA, so I’m wondering if there are better ways to gain exposure to platinum. I want to make sure I’m not just seeing a temporary dip, but a genuine opportunity.

4 comments

The retirement loophole most advisors won't mention

You can move your 401(k) into physical gold — tax-free. Here's the step-by-step guide.

Under $100k? Compare options →

296 people viewed this today38 members requested a free kit this week58 investors bookmarked this

Best Answer▲ 9 upvotes

jason_morgan💰Established (100-250k)

Hey, that's a really interesting thought about platinum! It definitely has strong industrial demand which can be a good differentiator. If you're looking into diversifying your precious metals holdings, you might find this article on the pros and cons of platinum vs. gold for long-term holds helpful: https://www.investopedia.com/articles/investing/090815/gold-vs-platinum-which-better-long-term-investment.asp

It touches on some of the points you brought up and could give you more to chew on before making a move. Good luck!

Comments (4)

timothy_reed💎Premium (500k-1m)Real Investor•about 1 month ago

Dude, I'm right there with you. Platinum's been on my radar for a bit now for the exact same reason. I actually pulled the trigger on a small amount last year for my IRA, nothing crazy like 80% of my portfolio, but enough to feel like I'm not missing out if it finally has its moment. It's just sitting there next to my gold, waiting patiently. Hope it pays off for us!

thomas_walker🏆Advanced (250-500k)Real Investor✓ Verified•about 1 month ago

Interesting thought process! When you say "industrial uses," are you specifically thinking about the auto industry, or other applications too? Just curious what's making it feel so undervalued to you right now.

sharon_evans💰Established (100-250k)Real Investor•about 1 month ago

Interesting thought on platinum. While it definitely has industrial demand, I sometimes wonder if that's a double-edged sword. Gold's appeal is almost entirely as a store of value and crisis hedge, independent of industrial cycles. Platinum, on the other hand, could be more susceptible to economic downturns if industrial demand slows. Just something to consider for a *long-term* hold.