Gold IRA BlueprintForum
    Back to forum
    ✨ Precious Metals

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

    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.
    Compare top Gold IRA companies — free

    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?

    34
    4 comments

    12,000+ investors requested this guide last month

    Find out why retirees are moving savings into gold. Free kit, no obligation.

    105 people viewed this today13 members requested a free kit this week20 investors bookmarked this
    Best Answerā–² 10 upvotes
    T
    timothy_reedšŸ’ŽPremium (500k-1m)

    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?

    Comments (4)

    10
    timothy_reedšŸ’ŽPremium (500k-1m)Real Investor•about 16 hours 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?

    2
    frank_riverašŸ’ŽPremium (500k-1m)Real Investor•about 16 hours 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.

    7
    linda_tayloršŸ“ŠGrowing (50-100k)āœ“ Verified•about 16 hours 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!

    4
    catherine_bellšŸ†Advanced (250-500k)Real Investor•about 16 hours 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!

    The biggest mistake retirees make with their 401(k)

    Most people don't diversify until after a crash. Get the free guide and protect your nest egg.

    Related Discussions

    Big Help During Tax Season: That Gold IRA Tax Calculator is the Real Deal

    ā–² 30220 comments

    The Gold Standard for Retirement Planning - Seriously, It Helped ME!

    ā–² 29022 comments

    inherited an IRA and I'm thinking about gold - thoughts?

    ā–² 28939 comments

    Blown Away by Silver vs. Stocks – Who Knew?!

    ā–² 28434 comments

    Seriously, this Gold IRA Learning Center changed the game for me!

    ā–² 28424 comments

    Explore Other Topics

    šŸ“° Silver News

    Inherited IRA to Gold - What are your experiences?

    šŸ„‡ Gold IRA

    This RMD Calculator Took a HUGE Weight Off My Mind!

    šŸ”„ Rollover

    Rolled over some more to Silver, finally.

    🄈 Silver IRA

    Silver IRA allocation and the market timing discussion