Platinum as a value play? Anyone else looking into it right now?

• •Been seeing a lot of chatter lately about platinum as a potential buy, and it's definitely got me thinking.
• •Is this just a temporary blip, or are we looking at a fundamental shift where platinum is genuinely undervalued?
• •I’m talking about allocating perhaps 5-10% of my precious metals exposure to platinum, nothing crazy, but enough to make a difference if it does pop.

Been seeing a lot of chatter lately about platinum as a potential buy, and it's definitely got me thinking. My portfolio is heavy on gold, as you can imagine – retired from the energy sector here in Houston a few years back with a nice nest egg, and gold has always been my bedrock. I've got a good chunk of my 7-figure IRA in physical gold and some mining stocks, primarily focusing on stability and long-term protection against inflation. But the recent dip in platinum prices, coupled with the projected increase in demand from hydrogen fuel cells and industrial uses, has me wondering if it’s an opportunity I should be looking at more closely.

I remember back in '08 when platinum was significantly higher than gold, and the idea of it being a "poor man's gold" always seemed a bit off to me, given its industrial utility. Now, with gold sitting pretty comfortably above $2000 and platinum struggling to break even the $1000 mark consistently, the ratio is really out of whack from a historical perspective. Is this just a temporary blip, or are we looking at a fundamental shift where platinum is genuinely undervalued? I’m talking about allocating perhaps 5-10% of my precious metals exposure to platinum, nothing crazy, but enough to make a difference if it does pop.

My concern, of course, is liquidity and market depth compared to gold. While I don't plan on selling any time soon, it's always a factor. And then there's the supply-side risks, concentrated in South Africa. Any other investors here, particularly those with a focus on precious metals in their retirement accounts, looking at platinum right now? What are your thoughts on its future in the auto industry (catalytic converters) versus new demand drivers like green energy? Part of me feels like I’m almost too comfortable with gold and should be diversifying into something with more upside potential.