Platinum in my IRA - anyone else looking at this?
- •I've been kicking the tires on adding some physical platinum to my IRA, specifically looking at the American Platinum Eagle coins.
- •I've got a decent allocation to gold already, always have.
- •It's been a bedrock of my personal hedge and a non-correlated asset I truly believe in, especially with the way the Fed's been behaving.
I've been kicking the tires on adding some physical platinum to my IRA, specifically looking at the American Platinum Eagle coins. I've got a decent allocation to gold already, always have. It's been a bedrock of my personal hedge and a non-correlated asset I truly believe in, especially with the way the Fed's been behaving. But platinum... it just feels like it's been silently appreciating in its industrial demand while the precious metals spotlight stays firmly on gold and silver. It's sitting at such a discount to gold right now that it almost feels like a no-brainer to diversify a bit.
My typical strategy has been to use gold as a long-term inflation hedge and a financial crisis parachute. I’m thinking platinum could offer a similar, if not enhanced, hedge against the more volatile industrial outlook, especially with the push towards cleaner energy and hydrogen fuel cells. Greenwich is full of guys who are all in on tech and growth stocks, but I've always preferred tangible assets for a portion of my portfolio, especially that 7-figure chunk I've built up over the years. Feels a lot safer than some wildly overvalued unicorn with no clear path to profitability.
I’m looking at dedicating maybe 5-10% of my precious metals allocation to platinum. It’s not enough to move the needle on my overall 8-figure portfolio, but it's a significant enough amount within my IRA that I want to be smart about it. Anyone else here making a similar move with platinum in their IRA? What's your take on its long-term prospects relative to gold? I'm genuinely curious if others see the same potential undervaluation or if I'm missing something critical here. I'm going through the RMD calculations on https://rmdcalculator.goldirablueprint.com/ for my other assets already, but thinking about how different growth rates for platinum might affect future distributions is definitely on my mind too.
My biggest concern is liquidity, but then again, these are assets I plan to hold for decades, so day-to-day fluctuations aren't my primary worry. It's the underlying value and demand that drives my interest. Thoughts?