Platinum for my Gold IRA? Thinking about diversifying beyond just gold.

Margaret Chen

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Platinum for my Gold IRA? Thinking about diversifying beyond just gold.

margaret_chen🏆Advanced (250-500k)

about 1 month ago

Key Takeaways

•But honestly, watching platinum's price action the last few years, it feels like it's been seriously beaten down and could be due for a rebound.
•Platinum feels like it has more drivers, even if some are speculative.
•I'm based in SF, so I'm used to seeing rapid shifts, and this one feels like it's brewing.

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Been doing a deep dive into precious metals lately, specifically trying to figure out if platinum makes sense for my Gold IRA or if I should just stick to the tried and true. My portfolio's hovering around the $350k mark in the IRA right now, mostly gold, which felt like the safe bet coming from a tech background during all the recent volatility. But honestly, watching platinum's price action the last few years, it feels like it's been seriously beaten down and could be due for a rebound.

I left my exec role in tech last year, got a good exit, and while I'm still keeping an eye on the market, I'm trying to be strategic about where I put my long-term capital. The thought process here is that platinum has industrial demand (autocatalysts, hydrogen economy — though that's still early days) plus its rarity, which for some reason isn't always reflected in its price relative to gold. Gold just kinda... IS. Platinum feels like it has more drivers, even if some are speculative. I'm based in SF, so I'm used to seeing rapid shifts, and this one feels like it's brewing.

Is anyone else here holding platinum in their precious metals IRA? Have you seen good returns, or has it just been dead money compared to gold? I'm debating whether to allocate maybe 10-15% of my gold holdings to platinum, just to get some exposure. I'm looking at it as a 5-10 year play, not a quick flip. What are your thoughts on its long-term prospects, particularly amidst the global move towards EVs (which I know impacts demand for autocatalysts, but then there's the hydrogen side)? Feels like a real balancing act. Is platinum undervalued right now, or am I just seeing what I want to see after a few too many analyst reports?

3 comments

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Best Answer▲ 8 upvotes

diane_bailey💰Established (100-250k)

Interesting thought! So you're looking at platinum to diversify within your precious metals, not necessarily to replace gold, right? Are you thinking about a specific percentage allocation for platinum compared to your existing gold holdings or just testing the waters?

Comments (3)

betty_king📊Growing (50-100k)•about 1 month ago

Hey, I've been in a pretty similar boat! Around two years ago, I was looking at adding platinum to my own precious metals IRA, mostly for that diversification play like you're talking about. My portfolio was a bit smaller, but the thought process was identical. I ended up pulling the trigger on a small percentage of platinum, and so far, I'm pretty happy with it. Definitely adds a different flavor to the mix.

diane_bailey💰Established (100-250k)Real Investor•about 1 month ago

christopher_young🌟Ultra (5m+)Real Investor✓ Verified•about 1 month ago

Hey, I hear you on wanting to diversify, but have you looked closely at the premium on platinum right now? Sometimes the spot price looks good, but what you actually pay to get it into an IRA can be a bit of a sticker shock. May be worth doing a deep dive on that specifically before pulling the trigger, just to make sure the "diversification" isn't eaten up by higher fees upfront.

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