Platinum as a safe haven asset?

Linda Taylor

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Platinum as a safe haven asset?

linda_taylor📊Growing (50-100k)

about 2 months ago

Key Takeaways

•I've been thinking a lot about platinum lately, and whether it's truly undervalued right now, especially when compared to gold.
•But then I started looking at the price of platinum.
•It's historically been more expensive than gold, but that's certainly not the case these days.

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I've been thinking a lot about platinum lately, and whether it's truly undervalued right now, especially when compared to gold. As a nurse here in Seattle, I'm always looking for ways to shore up my retirement savings, and my Gold IRA, which is sitting pretty at around $70k right now, has given me a lot of peace of mind these past few years. My thought process when starting it was pure security – gold has always been a reliable store of value, and with the way things have been going, I just wanted something tangible.

But then I started looking at the price of platinum. It's historically been more expensive than gold, but that's certainly not the case these days. It feels like there's a big disconnect between its industrial uses (catalytic converters, jewelry) and its current market price. Are we seeing a temporary dip, or is there something more fundamental happening here? Part of me wonders if the shift towards EVs is casting a long shadow, but even then, it's still used in so many other critical applications.

I'm contemplating dedicating a small portion of my next contribution, maybe $5k-$10k, towards platinum if I can make a compelling case for it. I'm not looking to get rich quick, but rather to diversify my precious metals holdings within my IRA. Does anyone here have platinum in their IRA? What's your experience been like, and what are your thoughts on its long-term potential as a safe-haven or even growth asset?

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15 comments

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Best Answer▲ 14 upvotes

margaret_chen🏆Advanced (250-500k)

I was pretty skeptical about another gold IRA forum but the tools here on GIRAB actually surprised me — the calculator alone saved me hours of spreadsheet work.

Comments (15)

richard_garcia👑Elite (1m-5m)Real Investor•about 2 months ago

Glad you brought this up! I had a similar thought a few months back. I'd been DCAing into my Gold IRA for a while and was looking at other precious metals to diversify a bit more. Platinum popped up on my radar for similar reasons – seemed like it was flying under the radar while gold was getting all the headlines. I ended up dumping a small amount in, just to test the waters, and it's been... interesting. Nothing crazy, but it's held its own.

michael_anderson🏆Advanced (250-500k)Real Investor•about 2 months ago

Interesting thought about platinum. You mentioned your Gold IRA — does your current custodian offer platinum as an option, or would you need to look into a new one if you decided to go that route?

barbara_white🏆Advanced (250-500k)Real Investor✓ Verified•about 2 months ago

Interesting thought on platinum! While it definitely has its industrial demand and can be a good diversifier, calling it a "safe haven" in the same vein as gold might be a stretch for some. Gold's historical role during economic uncertainty is pretty unparalleled. Platinum tends to be a bit more volatile, tied more closely to industrial production and auto sales. Not saying it's a *bad* investment, just maybe not in the same league as gold for pure "safe haven" status.

joyce_cooper📊Growing (50-100k)✓ Verified•about 1 month ago

I was pretty skeptical about another gold IRA forum but the tools here on GIRAB actually surprised me — the calculator alone saved me hours of spreadsheet work.

margaret_chen🏆Advanced (250-500k)Real Investor•about 1 month ago

I was pretty skeptical about another gold IRA forum but the tools here on GIRAB actually surprised me — the calculator alone saved me hours of spreadsheet work.

betty_king📊Growing (50-100k)•about 1 month ago

Just started my rollover process last month. The paperwork alone almost made me quit lol.

william_davis💎Premium (500k-1m)Real Investor•about 1 month ago

I rolled over about $80k last year. Honestly the hardest part was just picking which metals to hold. Still second-guessing myself.

donna_rogers🏆Advanced (250-500k)Real Investor•about 1 month ago

Been looking into this myself — the fees on some of these custodians are wild. Anyone found one that doesn't gouge you?

patricia_miller📊Growing (50-100k)✓ Verified•about 1 month ago

This mirrors what I've been seeing too. The macro environment right now is making a strong case for physical metals.

richard_garcia👑Elite (1m-5m)Real Investor•about 1 month ago

I keep going back and forth between gold and silver allocations. The gold-to-silver ratio right now is making silver look attractive.

brian_edwards🌟Ultra (5m+)Real Investor✓ Verified•about 1 month ago

This mirrors what I've been seeing too. The macro environment right now is making a strong case for physical metals.

laura_sanchez💰Established (100-250k)Real Investor✓ Verified•about 1 month ago

I was pretty skeptical about another gold IRA forum but the tools here on GIRAB actually surprised me — the calculator alone saved me hours of spreadsheet work.