Platinum - anyone else seeing an opportunity here?
- •Especially with the Pacific Rim outlook feeling… dynamic, to say the least.
- •But I'm starting to eye platinum and wonder if it's seriously undervalued right now.
- •I remember back in '08 when platinum was actually *more* expensive than gold.
Been doing some deep dives into the metals market lately, as you do, trying to make sure my portfolio is positioned well for whatever the global currents throw at us next. Especially with the Pacific Rim outlook feeling… dynamic, to say the least. My Gold IRA's been solid, obviously, since I rolled it over post-retirement about five years back – sitting pretty on a nice chunk of change, probably close to 700k in there now. But I'm starting to eye platinum and wonder if it's seriously undervalued right now.
I remember back in '08 when platinum was actually more expensive than gold. Now? It’s trading at a significant discount. You've got the industrial demand, particularly for catalysts in autos, and with electrification pushing hybrids for longer than initially expected, that demand isn't just going to vanish overnight. Plus, supply chain issues and geopolitical instability in places like South Africa, where a huge chunk of platinum comes from, usually point to price appreciation, not this slump. Are we seeing a temporary anomaly, or is there something fundamental about platinum's future I'm missing?
I’ve been considering diverting a small percentage of new funds – maybe 50k or so – into platinum within my IRA. It wouldn't be a huge bet, but enough to make a difference if it corrects. I'm based here in Honolulu, watching the shipping lanes and regional economics, and it just feels like all signs point to industrial metals holding their value, and potentially appreciating, with global manufacturing trying to reshore/diversify. Gold's already done its thing for me, but I'm always looking for that next smart move.
My old Chief always said, "Don't just watch the waves, try to predict the tide." This feels like a tide I might want to ride. What are your thoughts, fellow investors? Any reasons not to jump on platinum right now, or are you seeing the same thing?