Platinum – anyone else looking at it with a critical eye right now?
- •Been seeing a lot of chatter lately about platinum potentially being undervalued, and frankly, it's got me doing a deeper dive than usual.
- •My rationale has always been the industrial demand combined with its rarity.
- •Seeing gold at these levels, and platinum sitting where it is, it feels...
Been seeing a lot of chatter lately about platinum potentially being undervalued, and frankly, it's got me doing a deeper dive than usual. For context, my PM portfolio is pretty diversified, with a solid chunk in physical gold and silver, but I’ve always held a decent allocation in platinum too. My rationale has always been the industrial demand combined with its rarity. Seeing gold at these levels, and platinum sitting where it is, it feels... off. Like, I remember having a much tighter spread between the two back when I was first building out this portfolio in the mid-2000s.
My operations in Scottsdale are tied pretty heavily into manufacturing, so I'm always keeping an eye on industrial metals. The automotive sector, especially catalysts, is obviously a huge driver for platinum demand. With the push towards EVs, there's a valid concern about long-term demand erosion, but I keep thinking about how long that transition will actually take for ICE vehicles to be completely phased out globally. We're talking decades, right? Plus, hydrogen fuel cells – if that ever really takes off, platinum's back in a big way. It feels like the market is pricing in the absolute worst-case scenario for demand rather than a balanced view.
Honestly contemplating adding a significant chunk to my platinum holdings right now, maybe 7-figures worth, which would bring my overall PM allocation closer to 50% of my total portfolio. My biggest hesitation is purely psychological – kicking myself if gold or even silver makes another moonshot run while platinum just treads water. But the risk/reward profile here feels increasingly skewed. Anyone else feeling this pull with platinum? Or am I letting a contrarian bias get the better of me?