Platinum in a Gold IRA - is it a good move right now?

Linda Taylor

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Platinum in a Gold IRA - is it a good move right now?

linda_taylor📊Growing (50-100k)

about 6 hours ago

Key Takeaways

•Been thinking a lot about platinum lately for my Gold IRA.
•I've been eyeing platinum as a way to diversify a bit more within precious metals, but I'm trying to figure out if now's a good time to buy.
•I know platinum has industrial demand as well as investment demand, which could make it more volatile than gold.

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Been thinking a lot about platinum lately for my Gold IRA. I started my account about three years ago, mainly with some fractional gold coins and a few silver bars, and it's sitting at just under $80k currently. My whole thing with this IRA is long-term security, especially as I'm getting closer to retirement (maybe another 10-12 years for me, I'm a nurse in Seattle and these nights are starting to hit different!). I've been eyeing platinum as a way to diversify a bit more within precious metals, but I'm trying to figure out if now's a good time to buy.

I know platinum has industrial demand as well as investment demand, which could make it more volatile than gold. But I've seen some articles suggesting it's pretty undervalued right now compared to gold, historically speaking. Like, the gold to platinum ratio is way off its traditional levels. Has anyone else done a deep dive into this? Are you seeing the same things or am I missing something crucial?

My initial thought was to maybe re-allocate about 10-15% of my current holdings into platinum, or just designate my next few contributions to buying platinum coins or bars. I'm just a bit hesitant because it's less talked about than gold or silver for an IRA, and I want to make sure I'm not chasing a glimmer based on a few headlines. Any thoughts on whether platinum is genuinely undervalued and a smart move for a Gold IRA right now for someone like me looking for retirement stability? What kind of ratios are you all looking at?

4 comments

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Best Answer▲ 8 upvotes

matthew_murphy👑Elite (1m-5m)

Totally get where you're coming from! I had a similar thought process a few years back, but with palladium. My IRA was heavily gold-focused, and I was looking for something to diversify a bit within the precious metals space without going too far off the beaten path. Ended up adding a small percentage of palladium and it's been interesting to watch its performance.

Platinum definitely has its own unique market dynamics compared to gold and silver. For long-term security, it's worth digging into the industrial demand side and how that might play out over the next 10-20 years. Good luck with your decision!

Comments (4)

matthew_murphy👑Elite (1m-5m)Real Investor•less than a minute ago

What's making you consider platinum *now* specifically? Just curious since you mentioned long-term security as your main goal.

andrew_roberts👑Elite (1m-5m)Real Investor✓ Verified•less than a minute ago

Hey, interesting thought on the platinum, but I'm not entirely convinced it's the *best* move for a security-focused IRA right now. While platinum certainly has its industrial uses and scarcity appeal, its price can be pretty volatile compared to gold and silver, which tend to be more stable stores of value in uncertain times. Given your goal of long-term security, maybe sticking with the foundational metals makes more sense, or at least diversifying into platinum with a smaller percentage?

Just something to consider before diving in too deep. Good luck with whatever you decide!

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

Hey there! Sounds like you've got a solid foundation with your gold and silver. Regarding platinum, it's definitely an interesting metal with industrial demand. One thing to keep in mind, similar to gold and silver, is that only certain types of platinum coins and bars meet the IRS purity requirements for a Precious Metals IRA. You can't just throw any old platinum into it.

I found this resource recently that breaks down the specific fineness requirements for IRS-approved precious metals. Might be worth a quick read to make sure whatever platinum you're looking at qualifies!

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