Platinum in my Gold IRA? Thinking about diversifying more

Paul Hill

Back to forum

🥈 Silver IRA

Platinum in my Gold IRA? Thinking about diversifying more

paul_hill🏆Advanced (250-500k)

about 10 hours ago

Key Takeaways

•Okay, so I've been exclusively in gold for my IRA portfolio for a while now, and it's been a solid performer for me – no complaints there at all.
•One of them actually mentioned platinum being really undervalued, and it got me thinking.
•Gold is doing its thing, sure, but platinum seems like it's been sleeping for too long.

Compare top Gold IRA companies — free

Okay, so I've been exclusively in gold for my IRA portfolio for a while now, and it's been a solid performer for me – no complaints there at all. I’ve got about $300k in my Gold IRA right now, and while I love the stability and long-term appreciation I've seen, especially with all the market volatility lately, I've been doing some serious research into platinum. Being based out here in Salt Lake City, I’ve got a couple of buddies who are also into precious metals and we chew the fat about this stuff regularly. One of them actually mentioned platinum being really undervalued, and it got me thinking.

My financial advisor, who usually helps clients with these types of Gold IRAs, actually mentioned platinum earlier this year, but I kinda brushed it off at the time because gold was just cruising. Now, though, looking at the price action and some of the industrial demand projections, particularly for green technologies and automotive, it just feels like it has so much more upside potential right now compared to gold. Gold is doing its thing, sure, but platinum seems like it's been sleeping for too long.

I'm seriously contemplating allocating a chunk of my next contribution, maybe $25k-$50k, into platinum instead of just adding to my gold holdings. It just feels like an opportunity I might regret missing if I don't at least look into it seriously. Does anyone else here have platinum in their precious metals IRA? What's been your experience? Any thoughts on whether its current price truly indicates it's undervalued, or if it's just wishful thinking on my part? What are some of the pros/cons you've encountered?

5 comments

Considering a Gold IRA for your retirement?

Get a free info kit from a top-rated company — trusted by thousands of investors.

Under $100k? Compare options →

72 people viewed this today9 members requested a free kit this week14 investors bookmarked this

Best Answer▲ 10 upvotes

steven_mitchell🏆Advanced (250-500k)

Hey, that's a smart move to look into diversifying within your precious metals IRA! Platinum can definitely be a great addition to a Gold IRA for that exact reason. Just make sure whatever platinum product you're considering meets IRS fineness and purity standards. Like with gold and silver, not everything is eligible.

You can usually find a good list of IRS-approved platinum coins and bars on the websites of reputable Gold IRA custodians. They often have dedicated pages detailing all the eligible precious metals. Good luck with the research!

Comments (5)

donald_nelson💎Premium (500k-1m)Real Investor✓ Verified•less than a minute ago

Totally get where you're coming from! I had a similar thought process last year. Was all gold everything for a while and then started looking at platinum. Ended up adding a small percentage to my precious metals IRA and honestly, no regrets. It's not a huge chunk, but it feels like a good additional layer of diversification. Keep us updated on what you decide!

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

Hey, that's a good chunk of change in gold! Sounds like you've done well so far. When you say you're "thinking about diversifying more" beyond just gold, is platinum the only other metal you're considering for the Gold IRA, or are there others on your radar too?

betty_king📊Growing (50-100k)•less than a minute ago

Hey, totally get wanting to diversify! Gold has been a rockstar. But honestly, sometimes I wonder if over-diversifying within precious metals specifically for an IRA might complicate things more than it helps. Like, are the differences between gold, platinum, and silver *that* significant in terms of long-term returns compared to just sticking with good old gold? Just a thought.

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

frank_rivera💎Premium (500k-1m)Real Investor•less than a minute ago

Totally agree with you here – diversification is key, even within precious metals. I've got a similar setup, about $250k in my Gold IRA with a good chunk in gold, but I actually dipped into platinum a couple of years ago. Glad I did, it's done pretty well for me and offers a nice counterpoint to the gold.

12,000+ investors requested this guide last month

Find out why retirees are moving savings into gold. Free kit, no obligation.

Under $100k? Compare options →