Platinum in a Gold IRA - is it time to buy?
- •Been doing a lot of deep dives lately on my portfolio, specifically the precious metals side of things.
- •I’ve got about 15% of my 800k or so in a Gold IRA, mostly physical gold and a bit of silver.
- •My financial advisor back here in Memphis has always been pretty conservative with metals – mainly sticking to gold as the bedrock.
Been doing a lot of deep dives lately on my portfolio, specifically the precious metals side of things. I’ve got about 15% of my 800k or so in a Gold IRA, mostly physical gold and a bit of silver. My financial advisor back here in Memphis has always been pretty conservative with metals – mainly sticking to gold as the bedrock. But lately, I’ve been looking at platinum and wondering if it’s an oversight not to have some in the mix.
I inherited the logistics company from my dad about 20 years ago, and I’m gearing up to hand it over to my eldest in the next 5-7 years, so I’m really focused on wealth preservation and not leaving anything to chance. Platinum’s price action over the last year or two has been… interesting, to say the least. It’s pretty consistently trading at a significant discount to gold right now, which historically isn’t always the case. There have been plenty of times it’s been more expensive.
Part of me thinks this is a solid contrarian play. With the push for green tech, isn't platinum demand likely to surge for things like fuel cells and catalytic converters, even with the EV transition? Or am I just getting caught up in the hype and it’s a volatile industrial metal that doesn't belong in a "safe" IRA? Anyone else in a similar boat, thinking about adding platinum to their precious metals IRA? Or is gold still the undisputed king for long-term holds?
Really curious to hear some other perspectives, especially from folks who’ve been holding precious metals for a while. Is the current discount enough to justify the industrial exposure and potential volatility? Or is it a trap?