Platinum in an IRA? What are your thoughts folks? Seems undervalued compared to gold.
- •Been thinking a lot about platinum lately, and wondering if it's got real potential for an IRA like mine.
- •Currently sitting with about $180k mostly in gold, with a little silver sprinkled in for good measure.
- •I remember back when platinum used to trade for a good chunk *above* gold, and now it's often significantly below.
Been thinking a lot about platinum lately, and wondering if it's got real potential for an IRA like mine. I’m a retired teacher here in Phoenix, been building my gold IRA gradually since around 2010 after that whole 2008 mess scared me straight into tangible assets. Currently sitting with about $180k mostly in gold, with a little silver sprinkled in for good measure.
I remember back when platinum used to trade for a good chunk above gold, and now it's often significantly below. It just strikes me as odd given its industrial uses and rarity. It feels undervalued, almost like it's being overlooked. What are the seasoned IRA investors here thinking? Are any of you holding platinum in your precious metals IRAs? If so, what was your rationale?
I'm not looking to move my entire portfolio, but I'm considering maybe allocating 10-15% of new contributions to platinum if the consensus leans towards it being a smart move. My main goal is long-term wealth protection and diversification against inflation, which gold has done wonderfully for me.
I'm particularly interested in hearing from anyone who's bought platinum in the last few years. Have you seen any decent gains, or has it mostly lagged? Is the industrial demand strong enough to push prices up sustainably? Would love to hear some real-world experiences!