Platinum for IRA - thoughts on undervaluation?

James Wilson

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Platinum for IRA - thoughts on undervaluation?

james_wilson👑Elite (1m-5m)

about 2 hours ago

Key Takeaways

•Been seeing a lot of chatter lately about platinum.
•My IRA is already heavily weighted in gold and silver – about 30% of my total portfolio, which is pushing north of $2 million.
•Most of that’s in physical, btw, always has been since I retired from the Street a decade ago.

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Been seeing a lot of chatter lately about platinum. My IRA is already heavily weighted in gold and silver – about 30% of my total portfolio, which is pushing north of $2 million. Most of that’s in physical, btw, always has been since I retired from the Street a decade ago. But I’m starting to wonder if platinum offers a good diversification play, especially considering what some folks are saying about it being historically undervalued right now.

I remember looking at platinum back in '08, right before the big run-up. Always kicked myself a little for not pulling the trigger then. Now, with the palladium market doing its own thing, and the ongoing push for green energy and hydrogen fuel cells, it feels like platinum could be poised for a significant move. The demand side seems pretty strong long-term, between industrial applications and jewelry, even if the latter's been a bit soft lately.

My Gold IRA provider here in NYC has some attractive options for holding physical platinum, and I'm leaning heavily towards adding some significant exposure. We're talking potentially another 5-10% of my overall metals allocation. What are people’s thoughts on the relative value of platinum to gold right now? Is it truly undervalued, or am I just seeing what I want to see? What’s your fundamental argument for or against a strong platinum allocation in an IRA right now?

5 comments

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Best Answer▲ 7 upvotes

susan_clark💰Established (100-250k)

Totally agree with the undervaluation angle on platinum. Been watching it too. My precious metals IRA is similar to yours, mostly gold and silver, but I picked up a decent chunk of platinum a couple of years ago when it dipped hard. Ended up being a really solid play so far. Seems like it still has room to run, especially with the industrial demand picking up.

Comments (5)

dorothy_lopez💰Established (100-250k)Real Investor•less than a minute ago

Totally get where you're coming from. I went through a similar thought process a few years back, though on a much smaller scale! My gold & silver allocation was getting pretty chunky, and I started looking at platinum and palladium as diversification. Ended up dipping my toe in with a small platinum purchase for my IRA. It's been interesting to watch, that's for sure. Still feel like it's a bit of a wildcard, but the industrial demand aspect always makes me wonder.

christopher_young🌟Ultra (5m+)Real Investor✓ Verified•less than a minute ago

Interesting thought process, especially coming from someone with your background. Given your substantial allocation to physical gold and silver, I'm curious what kind of platinum products you're looking at for your IRA? Are we talking bars, coins, or something else entirely?

jason_morgan💰Established (100-250k)Real Investor✓ Verified•less than a minute ago

Interesting thought process, and I totally get the desire to diversify, especially with that kind of portfolio size. But honestly, "undervalued" with platinum feels a bit like chasing rainbows. It's so tied to industrial demand, much more so than gold, which makes it a lot more volatile and less of a pure safe-haven play in my book. You've already got a solid gold and silver base; sometimes the best move is no move, especially when you're already doing well.

maria_campbell📊Growing (50-100k)✓ Verified•less than a minute ago

Hey, interesting thought on platinum! Given your existing precious metals exposure, it makes sense to consider diversification. One thing to keep in mind with platinum is its dual role: an investment metal AND an industrial one, especially in catalytic converters. So, demand can be influenced by both economic cycles and auto industry trends.

For research, I’d suggest checking out the World Platinum Investment Council (WPIC) reports. They have some solid data and outlooks that might help you decide if it fits your portfolio goals. Good luck!