Platinum - Is it actually undervalued or just risky?

Sharon Evans

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Platinum - Is it actually undervalued or just risky?

sharon_evans💰Established (100-250k)

about 5 hours ago

Key Takeaways

•Been seeing a lot of chatter lately about platinum and how it's supposedly undervalued.
•My portfolio's sitting around the $180k mark right now, mostly gold eagles and some silver rounds I picked up when prices were a bit lower.
•I learned a lot watching the big wigs at the oil company I work for talk about their investments, and gold has always been their go-to for stability.

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Been seeing a lot of chatter lately about platinum and how it's supposedly undervalued. As someone who's mostly stuck with gold and silver in my precious metals IRA for the last few years, the idea of getting into something "undervalued" definitely piques my interest. My portfolio's sitting around the $180k mark right now, mostly gold eagles and some silver rounds I picked up when prices were a bit lower. I learned a lot watching the big wigs at the oil company I work for talk about their investments, and gold has always been their go-to for stability.

My concern with platinum is the industrial demand. I know it's used in catalytic converters and stuff, but with the move towards EVs, does that demand eventually just... disappear? I remember hearing about palladium's surge a while back, then it tanked. Is platinum just another palladium waiting to happen? I'm in Tulsa, and while the oil industry here feels pretty stable, I'm always looking to diversify smartly. Don't want to jump into something that looks cheap now but has fundamental demand issues down the line.

I've been thinking about allocating maybe 10-15% of my precious metals holdings to platinum if the case for it is strong enough. That would be like $18k-$27k, which isn't pocket change for me. Are there any platinum bulls out there who can really lay out the long-term case for it? Or is this just a short-term trade everyone's hyping up?

What are your thoughts on platinum's future? Especially with the whole green energy push. Is it worth the risk for potential gains, or is it better to just stick with the tried and true gold/silver for IRA purposes? Seriously considering it but need some convincing.

3 comments

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Best Answer▲ 4 upvotes

daniel_wright💎Premium (500k-1m)

Interesting question! When you say "chatter," is there a particular source or type of chatter you're referring to? Like, are you seeing it in financial news, on other forums, or from specific analysts?

Comments (3)

david_brown💎Premium (500k-1m)Real Investor•less than a minute ago

Hey, I hear you! I had a similar thought process a few years back with palladium. Everyone was hyping it up, saying it was the next big thing and super undervalued compared to gold. Took a small dip, thinking I was smart and catching the wave, but it's been a bit of a rollercoaster since then. Honestly, wish I'd just stuck to my guns with gold and silver. Sometimes "undervalued" just means more volatile in the short term, especially when you're used to the stability of the big two.

daniel_wright💎Premium (500k-1m)Real Investor✓ Verified•less than a minute ago

joseph_harris📊Growing (50-100k)•less than a minute ago

Interesting take. While the "undervalued" argument for platinum certainly has its merits, I think it's also worth considering that its industrial demand makes it a bit of a double-edged sword. Unlike gold, which is primarily a monetary metal, platinum's price is heavily tied to the auto industry and manufacturing. That dependency can make it more volatile than some might appreciate, even if the long-term outlook seems promising. So, "risky" might be a strong word, but perhaps "more susceptible to economic shifts" is a fair way to put it.

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