Is platinum the dark horse no one's talking about?

Donna Rogers

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Is platinum the dark horse no one's talking about?

donna_rogers🏆Advanced (250-500k)

less than a minute ago

Key Takeaways

•Been seeing a lot of chatter lately about gold and silver, especially with all the economic uncertainty in the air.
•Being in Bourbon, I appreciate things with a history, a bit of an old-school legacy, and precious metals definitely fit that bill.
•But it's got me wondering about platinum.

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Been seeing a lot of chatter lately about gold and silver, especially with all the economic uncertainty in the air. My own Gold IRA has been a fantastic anchor for my portfolio (sitting pretty at just over $300k now), and frankly, I'm glad I diversified away from just stocks back in '19 before things got really wild. Being in Bourbon, I appreciate things with a history, a bit of an old-school legacy, and precious metals definitely fit that bill.

But it's got me wondering about platinum. It's typically more expensive than gold, or at least it used to be. Now, it's been trading at a pretty significant discount to gold for a while. It feels... off to me. I know it's got industrial uses, which makes it a bit different from gold's purely investment/jewelry demand, but surely that doesn't account for such a sustained dip? I mean, we're not exactly in a manufacturing collapse, are we?

I'm contemplating adding some platinum to my IRA, maybe 5-10% of my precious metals allocation. I'm based in Lexington, so I've been chatting with some of the local coin dealers I trust, and they've all got different takes. Some say it's a no-brainer, others are more cautious, waiting for a clearer signal. It just feels like there's an opportunity lurking here, a bit like finding a single barrel that's been overlooked. Am I just romanticizing it, or are any of you more experienced investors looking at platinum seriously right now?

What are your thoughts? Is platinum genuinely undervalued, or am I missing some critical piece of the puzzle that explains why it's lagging so far behind gold? Specifically, for those of you who hold platinum in your IRA, what was your rationale?

5 comments

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Best Answer▲ 8 upvotes

patricia_miller📊Growing (50-100k)

Totally agree with you on this one! Everyone's so focused on gold and silver, but platinum definitely feels like it's flying under the radar. My own Gold IRA is also doing great, hovering around the $280k mark, and I've been eyeing platinum for a while now to add some extra diversification. Good to hear someone else is thinking along the same lines!

Comments (5)

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

Totally get what you're saying about platinum! My dad actually went pretty heavy into it back in the early 2000s, thinking it was the next big thing after gold's run. For a while, he was looking like a genius, but then it kinda flattened out. Still, I wonder if he was just a little early to the party. Definitely something to keep an eye on, especially if the industrial demand picks up again.

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

Hey, cool post! Congrats on the solid Gold IRA gains, that's awesome to hear.

You mentioned diversifying away from stocks in '19 — are you referring to just adding gold/silver, or did you also consider platinum or other precious metals for that initial diversification back then? Just curious about your thought process at that time!

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

Interesting thought on platinum. While I get the appeal of a "dark horse," I'm not entirely convinced it's the next big thing for a retirement account, especially compared to the established track record of gold. Gold's role as a monetary metal and its history as a safe haven feel a lot more robust than platinum's industrial demand fluctuations, which can be pretty volatile. For an IRA, I lean towards stability and proven long-term value, and gold just shines brighter there in my opinion.

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

Great question! Platinum often gets overlooked, but it definitely has unique industrial demand that could make it interesting. Beyond the typical gold/silver discussion, have you looked into palladium at all? It's another PGM with a fascinating supply/demand dynamic, heavily used in catalytic converters. Might be worth a peek for further diversification!