Platinum in my IRA - feeling bullish or foolish?

Catherine Bell

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Platinum in my IRA - feeling bullish or foolish?

catherine_bell🏆Advanced (250-500k)

about 11 hours ago

Key Takeaways

•20% of my ~400k IRA in physical gold
•10-15% of my current gold holdings into platinum

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Been digging into the precious metals market again, specifically regarding my Gold IRA and the potential to diversify with platinum. Right now, I’ve got about 20% of my ~400k IRA in physical gold, mostly Eagles and Maple Leafs, secured through Augusta Precious Metals, which has been great for peace of mind. The rest is pretty standard dividend stocks and some timber REITs (funny, I know, given the family business).

My granddad always drilled into me the importance of generational wealth and holding tangible assets, which is why a good chunk of my portfolio is in PMs. Gold has been a solid anchor, but I keep looking at platinum prices and thinking… is this an opportunity? It seems like it's been lagging gold for a while now, and the scarcity factor is obviously there. I’m not looking to dump all my gold, but maybe reallocate 10-15% of my current gold holdings into platinum, or perhaps use some of the cash flow from our timber operations to bump up my contributions specifically for platinum purchases.

I’m in Spokane, and while there aren't a ton of local dealers, Augusta facilitates everything for me directly to the depository. My main concern is liquidity if I ever need to sell, but again, this is really long-term stuff for me – thinking 20+ years down the line for my kids (if I ever have any!). Are others in Gold IRAs considering platinum right now? What are your thoughts on its industrial demand vs. its investment appeal at these prices? Am I missing something crucial that makes it a bad play compared to gold or silver?

4 comments

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Best Answer▲ 9 upvotes

richard_garcia👑Elite (1m-5m)

Haha, I hear you on the "bullish or foolish" question with platinum! I went through a very similar internal debate a few years back. Ended up putting a small percentage into platinum for diversification, and it's been... interesting. Not the rocket ship I might have secretly hoped for, but it's held its own and adds a different flavor to the portfolio. Definitely not regretting it, but it's not gold, that's for sure. Good luck with your decision!

Comments (4)

richard_garcia👑Elite (1m-5m)Real Investor•less than a minute ago

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

Hey, that's an interesting thought with the platinum. When you say you're looking to diversify, is it more about hedging against something specific, or just generally spreading things out beyond gold?

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

Honestly, while platinum definitely has its industrial uses and a certain appeal, I'd personally be a bit wary of putting significant chunks into it for a retirement vehicle. Gold and silver just feel like more proven long-term stores of value, especially given how much more volatile platinum can be. Are you looking at it purely as a hedge or more for growth?

christopher_young🌟Ultra (5m+)Real Investor✓ Verified•less than a minute ago

Hey, interesting thought on platinum! It's definitely an intriguing metal to consider for diversification. One thing to keep in mind, and you might already know this, is that while platinum has industrial demand, its price can be a bit more volatile than gold or silver due to its smaller market.

If you haven't seen it, Kitco has some pretty solid historical price charts and market analysis for platinum that can be helpful for looking at long-term trends. Might give you some more context to decide if you're leaning bullish or foolish! Good luck with the research!

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