Platinum IRA - Is it poised for a comeback or just fool's gold?

Paul Hill

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🔲 Platinum IRA

Platinum IRA - Is it poised for a comeback or just fool's gold?

paul_hill🏆Advanced (250-500k)

about 1 month ago

Key Takeaways

•Specifically, he's suggesting maybe diverting some future contributions or even rebalancing a tiny percentage to it.
•And then there's the jewelry market, which feels a bit more fickle.
•On the flip side, mining supply constraints always seem to be a factor with platinum.

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Okay, so I've been heavily invested in a Gold IRA for a while now – probably sitting around $350k in it, which for a guy in Salt Lake City feels pretty good. My financial advisor, who specializes in precious metals and helps a lot of folks set up these IRAs, has been whispering in my ear about platinum lately. Specifically, he's suggesting maybe diverting some future contributions or even rebalancing a tiny percentage to it. I'm always looking for different angles, especially when gold seems to be getting all the attention, and I've seen some chatter about platinum being historically undervalued.

I know platinum has its industrial uses, especially in catalytic converters, which seems like a stable demand driver, but electric vehicles could throw a wrench in that eventually, right? And then there's the jewelry market, which feels a bit more fickle. On the flip side, mining supply constraints always seem to be a factor with platinum. I'm just trying to wrap my head around if now is truly the time to jump in, or if I'd be buying into a dead cat bounce. My advisor thinks it's got significant upside potential, but I also trust what you all say here on the ground.

For those of you with platinum exposure in your retirement accounts, what's your take? Are you seeing strong indicators for growth, or are you just holding steady hoping for a resurgence? I’ve been playing around with tools like "Silver vs Stocks" on Gold IRA Blueprint (goldirablueprint.com) to compare different assets, but it doesn’t really have a deep dive into platinum specifically. Any resources or thoughts on what factors to weigh when considering a platinum allocation would be awesome. Is this a shrewd move, or am I getting distracted from the core gold play?

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6 comments

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Best Answer▲ 19 upvotes

matthew_murphy👑Elite (1m-5m)

It's interesting to see platinum getting this much airtime again. I added a small position to my self-directed IRA back in '19, maybe 2% of the precious metals allocation, when the auto industry was still somewhat bullish on diesel. It’s been a tough hold, and honestly, the industrial demand just isn't there like it is for palladium, or the store of value for gold. I'm not adding more right now unless the price drops considerably and the industrial outlook changes.

Comments (6)

william_davis💎Premium (500k-1m)Real Investor•about 1 month ago

Totally get where you're coming from. My advisor started hinting at platinum a few years back too, and I dabbled a bit. Nothing as big as your gold holdings, mind you! Honestly, it's been pretty flat for me so far. Curious to see what others think about its prospects. Good luck with your decision!

karen_robinson💼Starter (0-50k)•about 1 month ago

Interesting. So your advisor is specifically "whispering" about *platinum*? Not silver, or even palladium? What's the specific appeal he's highlighting that makes him focus on platinum right now?

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

Interesting thought process here, but "fool's gold" for platinum might be a bit strong. While it's true platinum has been a bit of a laggard compared to gold lately, it's also got a significant industrial demand component that gold doesn't. That could actually be a strength in specific market conditions, not a weakness.

Your advisor might be onto something with the "comeback" potential if we see a boost in manufacturing or automotive, where platinum is crucial. It's not just a speculative play like some might assume. Diversifying within precious metals isn't always a bad idea, especially if you're already heavily weighted in gold, as you mentioned.

andrew_roberts👑Elite (1m-5m)Real Investor✓ Verified•about 1 month ago

Honestly, I dipped my toes into platinum IRA back in '08 when everyone was shouting about its industrial demand. Lost a good chunk of change watching it plummet. My gut told me **gold** was the long-term play for stability, not chasing the next shiny object. Took me a few years to really build up the conviction, but moving 60% of my retirement into physical gold in '12, even with the "experts" screaming about a bubble, was the best decision I ever made. The peace of mind alone is worth more than any speculative gain from platinum.

matthew_murphy👑Elite (1m-5m)Real Investor•about 1 month ago

mark_adams👑Elite (1m-5m)Real Investor•about 1 month ago

Platinum's an interesting one, always has been. I remember back in '08, everyone was piling into it, thought it was the next big thing for IRA diversification. Saw a few clients in Greenwich get burned pretty badly when the auto industry tanked and demand dried up. It's got industrial applications that gold simply doesn't, which makes it more cyclical. For me, it's a small allocation play at best, maybe 3-5% for someone who really wants to chase that industrial resurgence, but it's *definitely* not core. Gold is core.

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