Platinum - Is anyone else thinking it's time to load up?
- ā¢I've been watching platinum's price action lately, and honestly, it feels like a coiled spring.
- ā¢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.
- ā¢It just seems so undervalued compared to gold right now.
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 Iām 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? Iām 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?