Platinum – anyone else thinking it's seriously undervalued right now?
- •Okay, so I'm looking at platinum and just scratching my head.
- •With gold prices doing what they're doing, and silver having its moments, platinum seems like it's just… chilling.
- •We’re out here in Salt Lake, and he’s always looking at the precious metals market for clients, and we've been diversifying pretty intentionally.
Okay, so I'm looking at platinum and just scratching my head. With gold prices doing what they're doing, and silver having its moments, platinum seems like it's just… chilling. I've got a decent chunk of my retirement in a gold IRA – probably close to $300k now, thanks to some smart moves my advisor helped me with over the years. We’re out here in Salt Lake, and he’s always looking at the precious metals market for clients, and we've been diversifying pretty intentionally.
My advisor and I have talked about platinum before, but it's always felt like a higher-risk, higher-reward play. It still does, but looking at the industrial demand, especially with the push for hydrogen and fuel cells, it feels like it's got to catch up at some point, right? Historically, platinum has often traded above gold, and now it's way below. That spread feels unsustainable in the long run. I'm wondering if I should push to allocate a small percentage of my gold IRA into platinum, or if it's better to just stick with my current precious metals mix of primarily gold and some silver.
Anyone else feeling this way? Has anyone here made a significant move into platinum recently for their IRA? What’s your rationale? I just ran a few scenarios through that Gold IRA Calculator to stress-test some potential returns with different asset allocations, and even a small platinum component really changed the long-term outlook. It honestly makes me question if I’m missing something obvious or if this is truly just a great entry point.