Platinum - anyone else looking at it closely for their IRA?

Michael Anderson

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Platinum - anyone else looking at it closely for their IRA?

michael_anderson🏆Advanced (250-500k)

about 11 hours ago

Key Takeaways

•Okay, so I've been doing my usual deep dive into precious metals for my Gold IRA here, and something's bugging me.
•With gold doing its thing and silver having its moments, I'm finding myself staring at platinum charts and wondering if I'm missing something huge.
•As a construction guy, I get tangible assets – I see the value in a bulldozer or a building, and it's the same logic for my metals portfolio.

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Okay, so I've been doing my usual deep dive into precious metals for my Gold IRA here, and something's bugging me. With gold doing its thing and silver having its moments, I'm finding myself staring at platinum charts and wondering if I'm missing something huge. As a construction guy, I get tangible assets – I see the value in a bulldozer or a building, and it's the same logic for my metals portfolio. I've got a decent chunk, probably somewhere in the high 300s towards 400k now in my IRA, mostly in physical gold and silver, but platinum just seems… cheap?

I mean, think about it. Industrial demand, especially with the push for hydrogen fuel cells and catalytic converters (even with EVs, there’s still a huge ICE fleet out there plus hybrids), and it's just so much rarer than gold. Driving around Chicago, I see more and more high-end cars, and you know there's platinum in those things. Yet the price ratio to gold feels completely out of whack compared to historical averages. It's almost like everyone forgot about it while chasing the shiny yellow stuff. My gut tells me this disconnect can't last forever, but my gut has also told me to bet on a few Cubs games that definitely didn't pan out.

I'm seriously considering allocating a small percentage, maybe 5-10% of my next transfer into platinum for my IRA. Not as a main bet, but as a "sleeping giant" kind of play. I'm all about diversification, and while I love gold's stability, sometimes you gotta sniff out the opportunities that aren't screaming at you from the headlines. Anyone else feel like platinum is massively undervalued right now, or am I just seeing what I want to see? Would love to hear if any of you have platinum in your Precious Metals IRA and what your long-term outlook is for it.

5 comments

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Best Answer▲ 9 upvotes

janet_cook📊Growing (50-100k)

Totally get where you're coming from. I've been eyeing platinum too, but for a slightly different reason. My dad used to work in the auto industry, and he always talked about how crucial platinum was for catalytic converters. Made me wonder if that industrial demand could really push it in the long run for an IRA. Definitely a metal I'm keeping an eye on.

Comments (5)

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

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

Interesting thought! You mentioned you're a construction guy, so I'm curious if your interest in platinum is related to its industrial uses, like in catalytic converters or other manufacturing? Or is it more from the investment angle with its current lower price point compared to gold?

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

Honestly, platinum feels like a bit of a wildcard in an IRA. While it definitely has industrial demand, which is a plus, its price action can be pretty volatile and tied to economic cycles more directly than gold or even silver.

For a retirement account, steady growth and wealth preservation are usually the main goals. Platinum's track record for that can be a bit more *spicy*, if you know what I mean. Gold and silver just feel like a more solid foundation for the long haul.

maria_campbell📊Growing (50-100k)✓ Verified•less than a minute ago

Hey, interesting thought on platinum! I've definitely seen some folks making a case for it lately given the industrial demand and supply constraints. One thing I'd definitely recommend checking out is Kitco's platinum section. They often have some great articles and analyst opinions specifically focused on platinum's role in investment portfolios, which could give you some additional angles to consider for your IRA.

william_davis💎Premium (500k-1m)Real Investor•less than a minute ago

totally agree with you here. I actually just added some platinum and palladium to my self-directed IRA last month. Gold and silver are the old reliable, but platinum's industrial demand combined with its relative scarcity compared to gold makes it super interesting right now.

I feel like it's still flying under the radar for a lot of folks, which could be a good thing for those of us getting in now. Plus, like you said, it's tangible, which I always appreciate in an investment.

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