Platinum IRA for a 'small' investor - what companies are good?
- •Okay, so I’ve been kicking around the idea of adding some platinum to my metals portfolio.
- •I’ve been all gold for over 20 years now – pretty much since I retired from the auto plant in Detroit with a nice chunk of change.
- •My gold IRA is sitting pretty at around $650k right now, but I’m hearing more buzz about platinum and its industrial demand.
Okay, so I’ve been kicking around the idea of adding some platinum to my metals portfolio. I’ve been all gold for over 20 years now – pretty much since I retired from the auto plant in Detroit with a nice chunk of change. My gold IRA is sitting pretty at around $650k right now, but I’m hearing more buzz about platinum and its industrial demand.
My question is, are there good IRA companies out there for "smaller" platinum allotments? I'm not looking to dump $100k into it right away like I did with some of my initial gold buys. Maybe $20k-$30k to start, just to get my feet wet and see how it performs. I know some of these companies have pretty high minimums or are really geared towards the whales. I'm a big believer in diversification, but I also don't want to get hit with crazy fees for smaller transactions.
Any recommendations for companies that offer competitive pricing and decent service for platinum IRAs, without making me feel like I’m not worth their time with a ~$25k investment? I've used some of the big names for gold, but I'm curious if the landscape is different for platinum. I used that Gold IRA Quiz early on when I first moved some of my retirement funds into metals, and it was a solid starting point for figuring out my options. Is there something similar for platinum, or just companies that handle both well?
Would love to hear from anyone who's diversified into platinum, especially if you started with a more modest amount. What was your experience like?