Platinum for my IRA? Feeling like it's undervalued.

Joshua Phillips

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Platinum for my IRA? Feeling like it's undervalued.

joshua_phillips🏆Advanced (250-500k)

about 1 month ago

Key Takeaways

•Been looking hard at platinum lately for my Gold IRA.
•As someone who’s been around steel and commodities my whole life, I feel like I've got a decent read on markets, and platinum just seems...
•overlooked right now.

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Been looking hard at platinum lately for my Gold IRA. As someone who’s been around steel and commodities my whole life, I feel like I've got a decent read on markets, and platinum just seems... overlooked right now. My portfolio's sitting around $380k right now, mostly in gold with some silver I picked up a while back when prices were pretty sweet. But I'm thinking about making a move into platinum, maybe 5-10% of my overall holdings.

My dad, God rest his soul, always told me to look at the industrial demand alongside the safe-haven aspect, especially with precious metals. Platinum's got that niche in catalytic converters, jewelry, hell even some medical applications. With the push for greener tech and hydrogen fuel cells, doesn't it feel like demand is set to climb? The supply side is pretty constrained too, mostly out of South Africa and Russia, which always adds a layer of geopolitical risk, but also potential for price spikes.

Compared to gold and even silver, platinum just hasn't seen the same kind of run-up. I've been messing around with that "Silver vs Stocks" tool on Gold IRA Blueprint (https://silvervsstocks.goldirablueprint.com/?period=10Y) to compare silver's performance, and it makes me wonder if platinum is just ripe for a similar correction upwards. Am I crazy for thinking it's undervalued? Or is there something I'm missing that's keeping the price down?

Anyone else in a similar boat, considering platinum for their IRA? What's your take? Especially curious if anyone has some data points or insights on long-term industrial demand projections. Birmingham's a long way from the platinum mines, so I’m relying on you folks for some boots-on-the-ground intel.

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5 comments

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Best Answer▲ 10 upvotes

william_davis💎Premium (500k-1m)

Totally get where you're coming from on this. I had a similar feeling about palladium a few years back when everyone was all in on gold and silver. Ended up putting a small percentage of my IRA into it, and while it wasn't a get-rich-quick thing, it's definitely outperformed my expectations. Platinum feels like it could be in a similar spot.

Comments (5)

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

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

Interesting thought on platinum. You mentioned you've got a good read on markets from being around steel and commodities your whole life. What specific indicators or trends are making you feel platinum is so undervalued right now?

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

I hear you on platinum feeling undervalued, and it definitely has its industrial uses which could drive demand. But for an IRA, do you think the volatility might be a bit much? Gold usually offers that stable, long-term hedge, while platinum can swing pretty wildly based on automotive demand. Might be worth weighing that against the potential upside, especially for a retirement account.

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

Hey, interesting take on platinum! It definitely has been a bit of an underdog compared to gold and silver lately. If you're serious about adding it to your IRA, just make sure you're working with a custodian that specifically allows platinum for precious metals IRAs. Not all of them do, so it's a good thing to double-check early in your research to avoid any surprises.

susan_clark💰Established (100-250k)Real Investor•about 1 month ago

Totally agree with you on platinum. I've been feeling the same way. It's been lagging behind gold and even silver for a while, but the industrial demand combined with the limited supply just screams "potential" to me. I actually just added some platinum and palladium to my Gold IRA last month. Only about 10% of my ~250k portfolio, but felt like too good an opportunity to pass up.

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