Platinum - anyone else looking at it for their precious metals allocation?

David Brown

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Platinum - anyone else looking at it for their precious metals allocation?

david_brown💎Premium (500k-1m)

about 3 hours ago

Key Takeaways

•Been seeing a lot of chatter lately, and it got me thinking about platinum.
•Been a core holding for years, mostly for wealth preservation and as a hedge against inflation and market volatility.
•Platinum, in particular, looks like it's been lagging significantly behind gold and even silver for a while.

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Been seeing a lot of chatter lately, and it got me thinking about platinum. Specifically, is anyone else here with a significant precious metals allocation (say, in the high six figures or more in their IRA) considering or actively buying platinum right now?

My own portfolio is pretty diversified – stocks, some real estate in the Boston 'burbs, and a healthy chunk in gold through my Gold IRA, probably about 15-20% of my total 800k or so. Been a core holding for years, mostly for wealth preservation and as a hedge against inflation and market volatility. As a doctor, my schedule doesn't always allow for deep dives into every commodity, but the recent gold run has definitely piqued my interest in other metals. Platinum, in particular, looks like it's been lagging significantly behind gold and even silver for a while.

I know the industrial demand side for platinum is a big factor, especially with the EV transition potentially impacting catalytic converters. But on the other hand, the supply constraints from South Africa are still very real, and there’s always jewelry demand. Compared to gold, the price discrepancy is pretty staggering right now. Is this a temporary anomaly, or is there a fundamental shift that makes platinum less appealing for long-term hold?

For those of you who've been in the precious metals game longer than I have, or who regularly analyze the market, what's your take? Is platinum truly undervalued, presenting a solid opportunity to add to a precious metals IRA, or is it a value trap? Not looking for financial advice, just genuine discussion and perspectives from fellow investors on their thought process. Curious if anyone has made a move into platinum recently and why.

5 comments

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Best Answer▲ 9 upvotes

diane_bailey💰Established (100-250k)

Yo, totally feel you on this one. I actually just added a decent chunk of platinum to my precious metals IRA last month. Been mostly gold and silver for years, but the price point and industrial demand for platinum felt like too good an opportunity to pass up. Curious to see how it plays out!

Comments (5)

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

andrew_roberts👑Elite (1m-5m)Real Investor✓ Verified•less than a minute ago

Hey, interesting thought on platinum! I've been mostly focused on gold and silver. For those of you who *are* looking at or buying platinum, are you specifically targeting American Platinum Eagles, or are you considering other forms like bars or coins from different mints?

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

Interesting thought, but I'm a bit more skeptical on platinum for a core precious metals allocation, especially in an IRA. While it has industrial demand, that can also make it more volatile and tied to economic cycles than gold or even silver.

For a "significant" allocation, the stability and historical safe-haven role of gold just feel like a much stronger bet. Platinum *could* do well, but it also feels like a higher risk/reward play, which might not be ideal for something as long-term and generally conservative as an IRA. Just my two cents!

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

Hey, interesting question! While gold and silver tend to get most of the spotlight for IRAs, platinum definitely has its own unique characteristics. One thing to keep in mind is that industrial demand plays a huge role in platinum's price, even more so than gold.

For anyone looking into platinum for their IRA, make sure you're aware of the specific purity requirements and approved forms (like coins or bars) that are eligible. The IRS has pretty strict rules for what can go into a precious metals IRA. You can usually find a good breakdown on the websites of reputable precious metals dealers or IRA custodians, like Augusta Precious Metals or Birch Gold Group – they often have dedicated sections explaining the nuances of different metals for IRAs.

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

Totally! I've been eyeing platinum too. My IRA is also pretty well diversified with gold and silver, but the current platinum-to-gold ratio is looking super attractive to me. Feels like there's some real upside there if things swing back even a little.

I haven't pulled the trigger yet, but I've been doing a lot more research on the industrial demand side of things. Definitely on my radar for a potential allocation soon.

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