Platinum or Gold rebalancing for 2024? Looking for advice!

Sharon Evans

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🔲 Platinum IRA

Platinum or Gold rebalancing for 2024? Looking for advice!

sharon_evans💰Established (100-250k)

about 3 hours ago

Key Takeaways

•So far, it's been pretty good to me.
•My current portfolio is sitting somewhere north of $150k , probably closer to $175k these days, with about 30% of that in physical gold in an IRA.
•I'm trying to decide if it's smart to rebalance *within* precious metals, specifically looking at platinum.

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I've been holding a pretty significant chunk of my retirement in a Gold IRA for a few years now, and with 2024 just getting started, I'm seriously looking at how to rebalance. I picked up on the whole precious metals thing from some of the VPs at the oil company I work for here in Tulsa – they've been big on it for a while, and it seemed like a smart move to diversify away from just stocks. So far, it's been pretty good to me.

My current portfolio is sitting somewhere north of $150k, probably closer to $175k these days, with about 30% of that in physical gold in an IRA. I'm trying to decide if it's smart to rebalance within precious metals, specifically looking at platinum. I've heard some talk about platinum having some really interesting industrial demand potential, especially with the push for green tech. Gold has been great as a safe haven, but I'm wondering if adding platinum could give me a better growth trajectory, or if I’m just getting greedy.

Anyone here with experience in a Platinum IRA, or just rebalancing between different precious metals? Would you keep the larger allocation in gold for stability, or is 2024 the year to really lean into platinum? My instinct is to maybe shift 5-10% of my gold holdings into platinum, but I don't want to make a rash decision. I’m thinking long-term here, not trying to get rich quick.

Any thoughts or personal experiences would be super helpful. Just trying to make sure I’m setting myself up right for the next few years. Thanks in advance!

4 comments

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Best Answer▲ 10 upvotes

gary_stewart📊Growing (50-100k)

Hey, interesting question! When you're thinking about rebalancing, it's super helpful to keep an eye on the gold-to-silver ratio. Sometimes, when that ratio gets really high or low, it can signal a good opportunity to swap some gold for silver (or vice versa) to potentially capitalize on future price movements. It's not a crystal ball, but it's another tool in the belt!

There are a bunch of sites that track historical gold-to-silver ratios if you want to dig into it. Good luck with your rebalancing!

Comments (4)

gary_stewart📊Growing (50-100k)•less than a minute ago

There are a bunch of sites that track historical gold-to-silver ratios if you want to dig into it. Good luck with your rebalancing!

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

Hey, I hear you on this! I was in a similar boat myself last year. Had a decent amount of gold, and was really torn on whether to shift some into platinum or just load up more on gold. Ended up sticking mostly with gold, but did diversify a tiny bit into silver. Glad I did, honestly, gold's been a beast. platinum still feels a bit more volatile for my comfort level.

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

Hey, interesting post! When you say you're looking to rebalance, are you thinking of selling some gold to buy platinum, or adding platinum without selling off any existing gold holdings?

frank_rivera💎Premium (500k-1m)Real Investor•less than a minute ago

Honestly, with all the talk about rebalancing, I'm kind of wondering if people are overthinking it. If you're in it for the long haul with gold, isn't the point that it's a stable, long-term hedge? Constantly trying to time the market with rebalancing precious metals can feel a bit like chasing your tail, and sometimes the best move is no move at all. Diversification within the precious metals space is one thing, but aggressive rebalancing might just rack up transaction fees without much added benefit.

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