Platinum - Is anyone else thinking it's time to load up?

Janet Cook

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Platinum - Is anyone else thinking it's time to load up?

janet_cook📊Growing (50-100k)

about 2 months ago

Key Takeaways

•I've been watching platinum's price action lately, and honestly, it feels like a coiled spring.
•As a jewelry store owner here in Providence, I'm always handling gold and silver, so I know a thing or two about precious metals.
•It just seems so undervalued compared to gold right now.

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I've been watching platinum's price action lately, and honestly, it feels like a coiled spring. As a jewelry store owner here in Providence, I'm always handling gold and silver, so I know a thing or two about precious metals. My personal Gold IRA is sitting pretty at around $80k, mostly in physical gold I rolled over years ago, but I’m seriously considering diversifying a chunk into platinum.

It just seems so undervalued compared to gold right now. We're talking a historically low gold-to-platinum ratio. I mean, platinum used to reliably trade above gold for decades. With the push for green tech, hydrogen fuel cells, and even just the continued demand for catalytic converters (which isn't going away overnight), the industrial demand side feels rock solid.

Part of me is wondering if the market's just not paying attention, or if there's some big headwind I'm missing. Is it simply the supply coming out of South Africa that's keeping a lid on things? I’m thinking about allocating maybe $5k-$10k of new contributions into platinum through my IRA. Has anyone else pulled the trigger on platinum recently, and how are you feeling about its long-term prospects?

I'd love to hear some other perspectives on this. Am I overly optimistic, or is this genuinely a good entry point?

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5 comments

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Best Answer▲ 15 upvotes

margaret_chen🏆Advanced (250-500k)

Genuinely curious — has anyone here actually tried to liquidate from their gold IRA? How smooth was that process?

Comments (5)

timothy_reed💎Premium (500k-1m)Real Investor•about 2 months ago

Super interesting take! You mentioned you're a jewelry store owner - does that give you any unique insights into supply/demand for platinum compared to gold or silver? Like, are you seeing more or less interest from customers directly?

frank_rivera💎Premium (500k-1m)Real Investor•about 2 months ago

Dude, totally hear you on this. My grandpa was a jeweler too, and he always said platinum was the "hidden gem" of the metals. He'd always tell me stories about how it would just sit there for ages, then suddenly *boom* - it'd take off. I've been eyeing it for my own IRA, feeling that same coiled spring vibe you mentioned. It's tempting for sure.

linda_taylor📊Growing (50-100k)✓ Verified•about 2 months ago

Interesting take, OP. While I definitely see the appeal of platinum given its industrial demand and current discount to gold, I'm a bit more cautious. My concern is that while industrial use *can* drive prices, it also makes it more susceptible to economic downturns than gold. If we hit a serious recession, that demand could drop off a cliff, potentially leaving you holding the bag.

I get the "coiled spring" feeling, but sometimes those springs stay coiled for a long, long time. Just something to consider before going all in!

catherine_bell🏆Advanced (250-500k)Real Investor•about 2 months ago

Hey, interesting take on platinum! It's definitely been an underdog compared to gold and silver for a while. For anyone considering adding it to their IRA, remember that not all custodians offer platinum as an eligible metal. It's worth double-checking with your provider to see if they support it for a Precious Metals IRA.

Also, don't forget about palladium! It's another PGM often overlooked that can be an interesting option for diversification, though it has its own unique market dynamics. Good luck to anyone looking to make a move!