Platinum looking seriously undervalued - anyone else piling in?

• •Been tracking platinum for a while now, and with gold pushing new highs, this feels like an absolute no-brainer.
• •The gold-to-platinum ratio is insane right now, consistently above 2.2 for months.
• •For those of us who remember the early 2000s, platinum was often trading *above* gold.

Been tracking platinum for a while now, and with gold pushing new highs, this feels like an absolute no-brainer. The gold-to-platinum ratio is insane right now, consistently above 2.2 for months. For those of us who remember the early 2000s, platinum was often trading above gold. Are we just waiting for industrial demand to catch up, or is there something bigger at play here?

My precious metals sleeve in the IRA is already pretty heavy, probably 25% of my overall 5M+ portfolio, with a solid 60/40 gold-to-silver split. I've got some physical platinum too, mostly one-ounce Eagles and Maples I’ve accumulated over the last decade. But I'm seriously considering rebalancing a chunk of my existing gold IRA allocation into platinum right now, especially through a direct purchase, taking advantage of these dips. We're talking 6-figure move here if the right entry point hits. My custodian is pretty flexible with conversions, and I'm based in Scottsdale, so access to reputable dealers for physical is never an issue.

Beyond the industrial demand – which will rebound, it always does – I'm thinking about the supply side. Mining disruptions have always hit platinum harder than gold. Given the geopolitical landscape, it just feels like the downside is way more limited than the upside potential right now. Am I just drinking the Kool-Aid, or are others seeing platinum as a coiled spring waiting to pop? Interested to hear if anyone has made significant moves into platinum recently, especially within their retirement accounts, and what your long-term thesis is.