Platinum looking mighty cheap - anyone else buying in?

• •I've been watching platinum for a while now, and it just keeps dipping.
• •Seriously, looking at the historical charts compared to gold, and even palladium, it feels like it's almost being given away.
• •I mean, it's trading at such a discount to gold right now that it's starting to look like a screaming buy.

I've been watching platinum for a while now, and it just keeps dipping. Seriously, looking at the historical charts compared to gold, and even palladium, it feels like it's almost being given away. I mean, it's trading at such a discount to gold right now that it's starting to look like a screaming buy. My own portfolio is pretty heavily weighted in gold already, probably close to 15-20% of my ~$$3.5 million spread is in various gold assets, mostly physical holdings in a Gold IRA from my days in the oil and gas industry when I was diversifying away from energy sector volatility. I even bought a decent chunk of physical gold back in '08 when everyone thought the world was ending, and that's paid off handsomely.

My Gold IRA is solid, but I've been considering adding some platinum to the physical precious metals side of things. It's got those industrial applications, especially in catalytic converters, which aren't going anywhere fast, even with the EV push. Plus, there's always the jewelry demand. It just feels like it's due for a rebound. I remember back in '07 and '08, platinum was actually trading above gold for a good while. Now, it's less than half the price per ounce. What gives?

I'm contemplating allocating maybe another $50k-$75k within my IRA or even just buying some direct physical platinum bullion. My financial advisor up here in Houston is a bit more conservative and is still pushing for more gold or just keeping it in broader market funds, but my gut is telling me this is an opportunity. Anyone else been eyeing platinum? Are you buying now, or do you think there's more downside to come?