Platinum – The forgotten precious metal?

Barbara White

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Platinum – The forgotten precious metal?

barbara_white🏆Advanced (250-500k)

about 2 hours ago

Key Takeaways

•But I'm genuinely curious if anyone else is looking at platinum.
•My gut, and honestly, a lot of the charts I've been poring over, scream that it could be seriously undervalued right now.
•I remember back when I was still managing a branch in downtown Portland, platinum was *way* more expensive than gold.

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Been seeing a lot of chatter about gold and silver lately (which, don't get me wrong, I'm all about for diversification within my IRA – currently sitting at about 12% physical metals these days, which feels right for me). But I'm genuinely curious if anyone else is looking at platinum. It just feels... overlooked. My gut, and honestly, a lot of the charts I've been poring over, scream that it could be seriously undervalued right now.

I remember back when I was still managing a branch in downtown Portland, platinum was way more expensive than gold. Now the roles are reversed. Supply issues coming out of South Africa, increasing demand for hydrogen fuel cells and industrial catalytic converters – it just seems like the stars are aligning. I've been slowly building my physical gold and silver positions over the last 8-10 years, and I'm really eyeing platinum for a portion of my next allocation. I'm thinking about moving another $20-30k into metals this quarter, and platinum is definitely at the top of my list.

Am I crazy for thinking this? Is anyone else out there diversifying into platinum in their self-directed IRAs, or outside of them? What are your thoughts on its long-term potential compared to gold and silver? Don't get me wrong, I love my gold eagles and silver rounds, but part of me feels like I'm missing a trick by not grabbing some platinum before it potentially moons. Would love to hear some other perspectives on this, especially from folks who’ve been in the metals game for a while.

3 comments

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Best Answer▲ 7 upvotes

gary_stewart📊Growing (50-100k)

Interesting thought about platinum. While it's definitely a precious metal, I've always seen it more tied to industrial demand than gold or even silver, especially with the auto industry's move towards EVs. That makes me a bit hesitant to consider it a "safe haven" in the same way I view gold for my IRA. Just a different perspective, curious to hear others' thoughts on that specific point!

Comments (3)

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

Totally! I've been eyeing platinum too. My dad actually bought some back in the 90s when everyone was focused on gold, and he ended up doing pretty well with it. It just seems like it often gets overlooked, but it has some interesting industrial uses that could really drive demand in the future, especially with green tech. Definitely on my radar for potential IRA diversification.

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

Yeah, it really does feel forgotten sometimes! I'm curious what kind of percentages people are seeing for platinum in their precious metals allocation. Are we talking a tiny sliver, or are some of you going heavier on it?