Platinum - the forgotten precious metal?

Dorothy Lopez

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Platinum - the forgotten precious metal?

dorothy_lopez💰Established (100-250k)

about 2 months ago

Key Takeaways

•Been seeing a lot of chatter lately about platinum and whether it's truly undervalued right now.
•I've always been pretty comfortable with gold – it's a known quantity, especially coming from a background in the casino industry here in Vegas.
•You learn a lot about risk assessment and hedging your bets, and gold just felt like the ultimate hedge.

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Been seeing a lot of chatter lately about platinum and whether it's truly undervalued right now. I've got a decent chunk of my retirement in a Gold IRA, probably around $180k or so invested primarily in American Gold Eagles and some PAMP Suisse bars. I've always been pretty comfortable with gold – it's a known quantity, especially coming from a background in the casino industry here in Vegas. You learn a lot about risk assessment and hedging your bets, and gold just felt like the ultimate hedge.

But platinum keeps popping up on my radar. I remember back in '08 and '09, platinum prices took a beating but then rebounded pretty significantly. Right now, it's trading at such a discount to gold, and even palladium, that it's got me wondering if there's a serious opportunity here. I'm not looking to dump my gold holdings, not by a long shot. I'm happy with how they've performed over the last few years, especially with all the volatility.

My concern is diversification. My Gold IRA is solid, but I'm looking at other options to potentially boost returns or at least reduce overall portfolio risk down the line. I'm a good five to seven years out from seriously thinking about tapping into that retirement fund, so I've got some time to let things mature. Any thoughts from the community on whether adding some platinum to the precious metals mix is a smart play right now? I'm curious about storage too – usually I just have my IRA custodian handle that, but any specific considerations for platinum?

What are your long-term price predictions for platinum? Are we looking at a sustained rally, or is this just a temporary dip? I'm trying to figure out if this is a genuine chance to pick up a historically undervalued asset or if there are underlying factors I'm missing that are keeping it subdued. Appreciate any insights you all have.

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4 comments

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Best Answer▲ 10 upvotes

steven_mitchell🏆Advanced (250-500k)

Totally get where you're coming from! I had a similar thought a while back, actually. My IRA is mostly gold and silver, but I remember looking at platinum when it was really low a few years ago and wondering if I was missing out. Never pulled the trigger, though. Always felt safer with the gold for the long haul, but it's an interesting question for sure.

Comments (4)

steven_mitchell🏆Advanced (250-500k)Real Investor✓ Verified•about 2 months ago

kenneth_parker💎Premium (500k-1m)Real Investor✓ Verified•about 2 months ago

Interesting thought! So you're primarily invested in Gold Eagles and PAMP Suisse bars. When you say "PAMP Suisse bars," are those also gold, or do you have some silver holdings with them as well? Just curious if you've diversified beyond gold with them before considering platinum.

andrew_roberts👑Elite (1m-5m)Real Investor✓ Verified•about 2 months ago

Interesting thought on platinum. While it definitely has its industrial uses and can be a good diversifier, I'm not sure I'd call it "forgotten." Gold and silver just have a much longer, undeniable track record as monetary metals and stores of value, especially during uncertain times. Platinum's price can be a lot more volatile due to its industrial demand fluctuations. Just something to consider before jumping in too deep.

mark_adams👑Elite (1m-5m)Real Investor•about 2 months ago

That's an interesting question! Platinum definitely doesn't get as much spotlight as gold or silver. If you're considering diversifying your precious metals, it's worth looking into platinum's industrial demand vs. its investment demand. Sometimes the automotive industry drives its price more than pure investment interest.

One good resource for comparing platinum to other metals, and understanding its market dynamics, is the World Platinum Investment Council (WPIC). They publish some pretty detailed reports that can help you weigh the pros and cons. Might be a good place to start your research!

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