Platinum in my Gold IRA - anyone else thinking about this?
- •Been seeing a lot of chatter lately about platinum and it got me thinking.
- •They’ve been solid, no complaints.
- •My background’s in steel, so I’ve always had a decent grasp of commodities and industrial demand.
Been seeing a lot of chatter lately about platinum and it got me thinking. I’ve had a good chunk of my retirement in a Gold IRA for a while now – probably around 350k diversified in gold and some silver, mostly physical, sitting with Augusta. They’ve been solid, no complaints. But with all the economic headwinds, and seeing what’s happening globally, I’m starting to wonder if I should be looking at other precious metals, specifically platinum.
My background’s in steel, so I’ve always had a decent grasp of commodities and industrial demand. Platinum’s got that dual role, right? Investment safe haven potential but also heavy industrial use, especially in automotives for catalytic converters. With EV adoption slowing a bit and hybrid sales picking up, that demand might not be going anywhere fast. Plus, there’s been talk about supply constraints from South Africa. Seems like a recipe for a price pop, or at least some stability, which is what I’m after in this market.
I’m not looking to dump my gold holdings or anything drastic, but maybe allocating 10-15% of new contributions, or even rebalancing a tiny portion over the next year or two, just to get some platinum exposure. Has anyone here actually added platinum to their precious metals IRA? What kind of percentages are we talking? Are you seeing it as just another diversification play, or do you genuinely believe it’s undervalued compared to gold and silver right now? My guy at Augusta briefly mentioned it a while back but I never pulled the trigger. Maybe now’s the time?
Just trying to get a pulse on what other long-term investors are thinking, especially those of us who have been in the commodities game for a bit. Any thoughts or experiences with platinum in your retirement strategy would be appreciated.