Platinum - Is it overlooked or genuinely undervalued right now?
- •Been seeing a lot of chatter about silver lately (as usual on this sub, haha), but has anyone been looking into platinum?
- •Platinum just seems… inexpensive right now, especially when you compare it to gold.
- •I remember when it was consistently trading *above* gold, and now it's a significant discount.
Been seeing a lot of chatter about silver lately (as usual on this sub, haha), but has anyone been looking into platinum? As someone who spent years in banking helping people manage their money in Portland, I’ve always been a big advocate for diversification, and metals have been a key part of my personal portfolio for over a decade now. I currently hold a decent amount in my Gold IRA – probably around 300k, with a good chunk of that in physical gold and silver, but I’m always eyeing up other opportunities to balance things out.
Platinum just seems… inexpensive right now, especially when you compare it to gold. I remember when it was consistently trading above gold, and now it's a significant discount. Is this purely indicative of industrial demand being sluggish, or is there more to it? I get the whole EV shift argument impacting catalytic converters, but is that really going to gut demand completely in the near to medium term? Seems a bit extreme to me, like the market is overcorrecting.
I’m seriously considering adding a bigger position. I already have a small allocation, but I’m thinking of putting another 20-30k into platinum coins or bars. It just feels like there’s a real asymmetry here in terms of risk/reward. Am I just looking at this through rose-tinted glasses because I want it to go up, or do others feel like platinum is genuinely an overlooked opportunity in the precious metals space right now? Would love to hear some other perspectives on this, especially from those who've been in the metals game for a while.