Platinum for recession proofing? My thoughts and want yours

Andrew Roberts

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Platinum for recession proofing? My thoughts and want yours

andrew_roberts👑Elite (1m-5m)

about 3 hours ago

Key Takeaways

•Been seeing a lot of chatter lately about a looming recession – can’t say I’m surprised, given the inflation numbers we’ve been dealing with.
•It always gets me thinking about how I’ve structured my portfolio over the years, especially my substantial metals allocation.
•For those of you who’ve been around a while, you know the value of true diversification, and for me, that’s always included precious metals.

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Been seeing a lot of chatter lately about a looming recession – can’t say I’m surprised, given the inflation numbers we’ve been dealing with. It always gets me thinking about how I’ve structured my portfolio over the years, especially my substantial metals allocation. For those of you who’ve been around a while, you know the value of true diversification, and for me, that’s always included precious metals. My Gold IRA is pretty hefty, but I’ve also leaned into platinum through a dedicated Platinum IRA, which has been a great addition.

For me, a "recession-proof" strategy isn't about avoiding all downturns, but about maintaining purchasing power and mitigating significant losses. Gold has always been the classic for this – it’s held its own through countless crises. But I've found platinum to be a fascinating countercyclical play at times. Its industrial demand component means it can take a hit if manufacturing slows dramatically, but it also has that precious metal store-of-value quality. I made a pretty significant allocation to platinum back in 2018 when prices were lagging, and that’s paid off handsomely for me given its more recent runs. I'm looking at my overall metals holdings, which now sit comfortably in the seven figures, and feeling pretty good about weathering whatever comes next.

My strategy, especially since retiring from the C-suite a few years back and moving full-time to Palm Beach, has always been about long-term wealth preservation. I'm not looking for quick gains from these holdings; they're my bedrock. I’ve probably got around 20% of my overall metals allocation invested in platinum bars and coins through my IRA, and another 60% in gold, with the rest in silver. I remember my father always said, "Son, when the paper money looks shaky, you want to be holding something real." Truer words were never spoken.

So, for those of you also looking at recession hedges, what are your thoughts on platinum specifically? Are you seeing it as more of an industrial commodity right now, or still a strong safe-haven asset? What’s your own allocation strategy for these uncertain times? I’m particularly interested in hearing from anyone who's made larger moves into platinum recently and their rationale.

4 comments

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Best Answer▲ 10 upvotes

patricia_miller📊Growing (50-100k)

Totally get where you're coming from with the recession worries. I actually had a similar thought last year when things started looking a bit iffy with the market. I ended up dumping a chunk of my cash into palladium, figuring it was a good hedge. So far, so good, but it's definitely made me consider other options like platinum too.

Comments (4)

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

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

Interesting take on platinum! I've mostly heard gold and silver discussed for recession-proofing. When you say "substantial metals allocation," are you including platinum in that, or is platinum something you're considering adding *specifically* for this potential downturn?

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

Interesting take on platinum, OP. While I get the appeal of diversification within precious metals, I'm not entirely convinced platinum is the *best* play for recession proofing. Its industrial demand component still feels a bit too exposed to economic downturns for my comfort, even with the automotive sector. I tend to lean more towards the traditional gold and silver in those scenarios, as their safe-haven status usually kicks in harder when things go south. Just my two cents, but always good to hear different perspectives!

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

Hey, interesting thoughts on platinum! It's definitely a less common choice for a "safe haven" compared to gold or even silver, but it has its unique industrial demand. One thing to keep in mind is that while platinum prices can surge during supply disruptions or industrial growth, they can also be more volatile in a downturn if that industrial demand falters significantly.

For anyone looking to dig deeper into the historical performance of different precious metals during recessions, the World Gold Council has some pretty solid research and data on their site that's worth checking out. It can give you a good comparative view beyond just anecdotal evidence.

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