Is Platinum undervalued right now? Thinking of diversifying my precious metals.

Diane Bailey

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🥈 Silver IRA

Is Platinum undervalued right now? Thinking of diversifying my precious metals.

diane_bailey💰Established (100-250k)

about 5 hours ago

Key Takeaways

•Been thinking a lot about platinum lately, especially with all the talk about EV production impacting demand for catalytic converters.
•But platinum's current price-to-gold ratio has really caught my eye.
•It feels like it *should* be trading higher, historically speaking.

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Been thinking a lot about platinum lately, especially with all the talk about EV production impacting demand for catalytic converters. My Gold IRA's sitting pretty at around $180k right now, mostly in physical gold, and I’m always looking at ways to diversify and smarten up my holdings. I’ve owned a small tourism business here in Savannah for years, and let me tell you, I've seen enough economic ups and downs to know that sticking all your eggs in one basket, even a shiny gold one, isn't always the smartest move.

I got into gold about 7 years ago, right around the time I started seriously seeing those inflation numbers tick up, and it's served me well as a hedge. But platinum's current price-to-gold ratio has really caught my eye. It feels like it should be trading higher, historically speaking. Are we seeing a temporary dip because of the EV narrative, or is this a more fundamental shift in demand that I'm not fully grasping? I’m weighing allocating maybe 10-15% of my precious metals portfolio to platinum, potentially putting in another $15k-$25k.

My concern is obviously getting in too early on something that might continue to slide, or missing out on a rebound if I wait too long. I love the idea of holding physical assets that aren't tied to the regular stock market rollercoaster, especially since my business is highly cyclical. Is anyone else here heavily invested in a Platinum IRA? What are your thoughts on its long-term prospects, particularly outside of industrial demand? Any arguments for why it might be a better or worse bet than silver right now?

3 comments

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Best Answer▲ 10 upvotes

patricia_miller📊Growing (50-100k)

I get the appeal of platinum, especially with the current price dip compared to gold, but personally, I'm a bit warier. While EV production could impact demand for catalytic converters, it's not a given, and the industrial demand for platinum is pretty concentrated. Gold, on the other hand, has such a broad and entrenched demand base (jewelry, investment, central banks, minor industrial use). Just something to consider before jumping in head-first, especially with a significant chunk of your Gold IRA.

Comments (3)

maria_campbell📊Growing (50-100k)✓ Verified•less than a minute ago

Totally feel this. I've been eyeing platinum too. Had a buddy who got into it a few years back, and he's seen some pretty decent gains, especially before all the recent economic shakiness. With the EV stuff, it's definitely a head-scratcher on the long-term outlook, but for a smaller diversification play, I'm thinking it might not be a bad idea to dip a toe in. Good luck!

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

Interesting thought about platinum. You mentioned EV production potentially impacting demand for catalytic converters, but then also said you've owned some in the past. What's making you consider platinum *now* specifically, given those conflicting ideas?

patricia_miller📊Growing (50-100k)✓ Verified•less than a minute ago

I get the appeal of platinum, especially with the current price dip compared to gold, but personally, I'm a bit warier. While EV production *could* impact demand for catalytic converters, it's not a given, and the industrial demand for platinum is pretty concentrated. Gold, on the other hand, has such a broad and entrenched demand base (jewelry, investment, central banks, minor industrial use). Just something to consider before jumping in head-first, especially with a significant chunk of your Gold IRA.

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