Platinum in my IRA? Thinking about adding more at these prices.
- •With the price hovering where it is, it feels significantly undervalued compared to gold and even palladium a few years back.
- •We all know how quickly these things can turn.
- •Currently, my precious metals allocation is primarily in gold and silver, mostly sitting in a secure facility for my Gold IRA.
Been seeing a lot of chatter lately about platinum and wondering if anyone else is seriously considering adding to their allocation, especially within their Gold IRA. With the price hovering where it is, it feels significantly undervalued compared to gold and even palladium a few years back. My gut, and what I'm hearing from a few very sharp folks, is that there's some serious upside potential here that the market isn't quite pricing in yet. We all know how quickly these things can turn.
Currently, my precious metals allocation is primarily in gold and silver, mostly sitting in a secure facility for my Gold IRA. I rolled over a good chunk from my old 401k when I retired a few years ago – probably around $2 million worth of metals now, which sounds like a lot but it’s still a relatively conservative percentage of my overall portfolio. I'm lucky enough to still be quite active with some investments down here in Palm Beach, but the physical metals are my bedrock, always have been. Platinum has always been on my radar, but I held back from making a substantial move into it for a while.
My concern is obviously timing, and ensuring I’m not just chasing a narrative. But when I look at the production profiles, industrial demand (especially with hydrogen playing a bigger role), and a potential rebound in auto manufacturing, it just feels like the stars are aligning. Has anyone here made a significant platinum purchase for their IRA within the last 6-12 months? What was your reasoning? Are you using a specific dealer or just adding to your existing storage arrangement? All thoughts, especially from those who have been in this game a while, are appreciated.