Platinum. Is it just me or is it deeply undervalued in

Richard Garcia

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Platinum. Is it just me or is it deeply undervalued in

richard_garcia👑Elite (1m-5m)

2 months ago

Key Takeaways

•Been thinking a lot about platinum lately, especially with how gold and silver have been running.
•The appreciation has been phenomenal, and it’s been a cornerstone of my portfolio here in Houston.
•But platinum… it just feels like it’s being ignored.

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Been thinking a lot about platinum lately, especially with how gold and silver have been running. I’ve held a pretty substantial amount of physical gold for years now – probably sitting on close to $2 million worth, a good chunk of that from liquidating some energy stock after I retired from BP a few years back. The appreciation has been phenomenal, and it’s been a cornerstone of my portfolio here in Houston. But platinum… it just feels like it’s being ignored.

I remember back in the early 2000s, platinum was routinely trading at a premium to gold. Now, it’s significantly cheaper per ounce. I get that supply/demand dynamics change, especially with the shift in the auto industry and catalytic converters. But even with that, the current price just doesn't seem to reflect its industrial utility, its rarity, or its historical value as a precious metal. It’s also got some serious applications in other sectors that aren't going anywhere, like medical devices and some chemical processes.

Anyone else feeling this? I’m seriously considering diverting some of my future precious metals purchases into platinum. My financial advisor is a bit neutral on it, saying it’s more volatile, which I understand. But the potential upside feels so much larger than gold right now, with gold already at such elevated levels. I'm not looking to dump my gold holdings, not by a long shot, but diversifying into what feels like a severely undervalued asset seems smart. What are others' thoughts on platinum's current standing, and has anyone here made a significant move into it recently?

I'd genuinely appreciate hearing some different perspectives, especially from those who focus heavily on the industrial metal aspect or have a longer-term view than just the auto sector. Is this a shrewd move, or am I just seeing a value trap?

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5 comments

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Best Answer▲ 8 upvotes

karen_robinson💼Starter (0-50k)

Totally agree, platinum feels like it's been flying under the radar compared to gold and silver. For anyone looking to potentially diversify a bit further into platinum, I found this article on the various ways to invest in it pretty useful: How To Invest in Platinum. Might offer some good ideas beyond just physical.

Comments (5)

robert_thompson💰Established (100-250k)Real Investor✓ Verified•2 months ago

Honestly, I've had similar thoughts. Not quite with $2M in gold like you, but I picked up a few platinum Eagles back when things were rocky with the auto industry, thinking it HAD to rebound. Still holding onto them, and it feels like it's been largely overlooked while gold and silver were making headlines. Maybe our patience will pay off!

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

Interesting thought process on platinum. Given your background with such a significant gold position, did you ever consider palladium as a diversification play, or was that not as appealing to you?

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

Interesting thought process, and congrats on the gold stack! That's a serious amount to be sitting on. But on the platinum front, I'm not entirely convinced it's "deeply" undervalued. While it definitely hasn't seen the same kind of speculative run as gold or even silver, it's also a much more industrial metal. Its price is heavily tied to auto manufacturing (catalytic converters being a huge demand driver), and with the shift towards EVs, that long-term outlook might be a bit murkier than for gold, which is primarily a monetary and store-of-value asset.

So, while there might be some short-term arbitrage opportunities, I'm not sure I'd call it a "deeply undervalued" play for the long haul in the same way some might view gold during dips. Just my two cents!

karen_robinson💼Starter (0-50k)•2 months ago

ashley_baker💼Starter (0-50k)✓ Verified•2 months ago

Totally agree with you on platinum. I’ve been looking at my portfolio and feeling the same way. It really does seem like the odd one out among the precious metals right now. I put about 15% of my precious metals allocation into platinum a couple of years ago, alongside my gold and silver, and I'm honestly starting to feel pretty good about that decision. I'm hoping it'll catch up eventually!

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