Platinum in a Gold IRA - is it undervalued?

Steven Mitchell

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Platinum in a Gold IRA - is it undervalued?

steven_mitchell🏆Advanced (250-500k)

about 6 hours ago

Key Takeaways

•Been thinking a lot about platinum lately for my Gold IRA.
•I’ve held gold and some silver in there for a while now – since about 2018 is when I really started building it out.
•My portfolio, in total, is sitting around the high end of $400k right now, with a good chunk of that in physical precious metals.

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Been thinking a lot about platinum lately for my Gold IRA. I’ve held gold and some silver in there for a while now – since about 2018 is when I really started building it out. My portfolio, in total, is sitting around the high end of $400k right now, with a good chunk of that in physical precious metals. I'm a manufacturing exec here in Cleveland, and hard assets just resonate with me, always have.

With gold pushing new highs, I'm wondering if platinum is the overlooked gem right now. It's trading at such a steep discount to gold, historically speaking. I know historically it's often more expensive than gold, but it's been the other way around for a good while. And with the industrial demand – especially with auto catalysts and the hydrogen economy potentially taking off – it feels like there’s a real fundamental floor there, plus upside for appreciation. You can hold it in a Gold IRA, so that's not an issue.

My concern is obviously the volatility and the heavy reliance on the auto sector. If EV adoption accelerates faster than expected globally, what does that do to demand? And then there's the supply-side risks, mostly coming from South Africa. Does anyone here have a significant platinum allocation in their precious metals IRA? Or are you sticking purely to gold and silver?

Am I just chasing shiny objects, or is there a real argument for shifting some of my capital from gold into platinum while the ratio is so out of whack? I'm talking maybe 10-15% of my current gold holdings. Curious to hear everyone's thoughts, especially those who've been in the metals game longer than I have.

4 comments

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Best Answer▲ 7 upvotes

joshua_phillips🏆Advanced (250-500k)

Interesting thought on platinum. While it definitely has industrial demand, I've always been a bit wary of its volatility compared to gold. Gold tends to hold its value more consistently as a safe haven, whereas platinum seems to swing more with economic cycles and manufacturing needs. Not to say it can't do well, but "undervalued" feels like a stronger claim than I'd personally make without a very specific outlook on its industrial future.

Comments (4)

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

I hear you on the platinum. Was in a similar boat a few years back, looking to diversify my precious metals beyond just gold and silver. My IRA was (and still is) heavily weighted in gold, but I picked up some platinum for basically the same reason you're thinking – felt like it was undervalued and had a lot of industrial upside.

So far, it's been... interesting. Not the rocket ship some predicted, but it's held its own. Definitely something to research thoroughly before jumping in, especially with the industrial demand fluctuations. Good luck with whatever you decide!

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

Interesting thought process on platinum. Since you've been in gold and silver for a while, I'm curious what specific factors are making you think platinum could be undervalued *right now* compared to when you started building out your precious metals in 2018?

joshua_phillips🏆Advanced (250-500k)Real Investor✓ Verified•less than a minute ago

Interesting thought on platinum. While it definitely has industrial demand, I've always been a bit wary of its volatility compared to gold. Gold tends to hold its value more consistently as a safe haven, whereas platinum seems to swing more with economic cycles and manufacturing needs. Not to say it *can't* do well, but "undervalued" feels like a stronger claim than I'd personally make without a very specific outlook on its industrial future.

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

Hey, interesting question! Platinum *could* be undervalued right now, especially with its industrial demand potentially picking up. It's definitely something to consider for diversification.

One thing to keep in mind is the bid-ask spread on platinum, which can sometimes be wider than gold or silver. Also, storage fees for platinum in an IRA might differ. You could check out a guide like this one from Monex Platinum Prices & Charts for more detailed info on its historical performance and factors affecting its price. Good luck with your research!

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