Platinum looking mighty tempting for the IRA, thoughts?

James Wilson

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Platinum looking mighty tempting for the IRA, thoughts?

james_wilson👑Elite (1m-5m)

about 8 hours ago

Key Takeaways

•Been seeing a lot of chatter lately on platinum and its relative undervaluation compared to gold.
•I started building that up in earnest around 2008 when I was still on the street, saw what was coming, and haven't looked back.
•Retirement in NYC ain't cheap, despite what some might think, so protecting that capital is everything.

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Been seeing a lot of chatter lately on platinum and its relative undervaluation compared to gold. My own portfolio is pretty heavily weighted towards precious metals already – probably 60% of my 3 million is sitting in various forms of physical and paper gold, plus some silver. I started building that up in earnest around 2008 when I was still on the street, saw what was coming, and haven't looked back. Retirement in NYC ain't cheap, despite what some might think, so protecting that capital is everything.

My Gold IRA is almost exclusively gold and some silver Eagles, but I'm seriously considering diversifying a chunk into platinum. Looking back at historical ratios, platinum seems genuinely cheap right now, especially with the demand side from hydrogen fuel cells and industrial applications picking up. It's not just a jewelry metal anymore, and that industrial story feels a lot more robust than it has in years past. I've always seen platinum as a "white gold" alternative, but the industrial drivers are what's really piquing my interest for a long-term hold within the IRA.

I know the volatility can be a beast with platinum, and it doesn't have the same "safe haven" feel as gold, but for a portion of my metals allocation, the risk/reward seems compelling. I'm thinking about peeling off maybe 5-10% of my current gold IRA holdings and putting it into platinum coins or bars. Anyone else making similar moves? Or am I just getting too cute with my allocations in what's supposed to be a bedrock asset class?

5 comments

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Best Answer▲ 8 upvotes

carol_carter💰Established (100-250k)

Interesting thought! So you're saying the relative undervaluation is the main driver here, not necessarily a belief that platinum will outperform gold long-term? Just curious about your specific rationale for looking at platinum right now.

Comments (5)

sandra_green📊Growing (50-100k)✓ Verified•less than a minute ago

Haha, I hear you on the platinum temptation! I had a similar thought a few years back when silver was super low relative to gold. Ended up putting a small chunk into a silver IRA, and while it hasn't shot to the moon, it's definitely been a solid performer for diversification. Platinum's definitely got that "undervalued gem" vibe going on right now, especially if you're already stacked on gold.

carol_carter💰Established (100-250k)Real Investor•less than a minute ago

Interesting thought! So you're saying the *relative* undervaluation is the main driver here, not necessarily a belief that platinum will outperform gold long-term? Just curious about your specific rationale for looking at platinum right now.

elizabeth_johnson💰Established (100-250k)Real Investor✓ Verified•less than a minute ago

I get the allure of platinum, especially with the gold/platinum ratio where it's at. But I'm a bit wary of going too heavy into it for an IRA. While industrial demand is a factor, it also feels a bit more niche and less universally recognized as a "safe haven" than gold. Plus, the market for selling smaller quantities of platinum coins or bars might not be as liquid as gold if you ever needed to, you know, actually sell it within the IRA framework. Just something to consider beyond the price chart.

michael_anderson🏆Advanced (250-500k)Real Investor•less than a minute ago

Hey, totally feel you on platinum being tempting right now! It's definitely got that "underdog" appeal. Just a thought though, especially since you're already pretty metal-heavy: have you looked into the specific storage and insurance requirements for platinum in an IRA? Sometimes they can be a bit different or have fewer approved custodians than gold or silver, which could impact your choices or fees down the line. A quick search for IRS-approved platinum IRA custodians might give you a good starting point to compare options!

sandra_green📊Growing (50-100k)✓ Verified•less than a minute ago

Totally agree, I've been eyeing platinum too. My precious metals slice is also pretty chunky, but I've been debating if it's too gold-heavy. I moved about $150k from a gold ETF into physical platinum last year, just to get some diversification in there. So far, no regrets!

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