Platinum - seriously considering it for my IRA, what's the general vibe?

Nancy Hall

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Platinum - seriously considering it for my IRA, what's the general vibe?

nancy_hall💰Established (100-250k)

about 1 hour ago

Key Takeaways

•Okay, so I've been a pretty steady gold investor for a while now, mostly in my IRA.
•I'm a healthcare administrator here in Tampa, pretty steady income, and I've got around $200k in my portfolio right now.
•About $70k of that is in physical gold, held with a custodian for my IRA.

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Okay, so I've been a pretty steady gold investor for a while now, mostly in my IRA. I'm a healthcare administrator here in Tampa, pretty steady income, and I've got around $200k in my portfolio right now. About $70k of that is in physical gold, held with a custodian for my IRA. It’s been great for diversifying and just giving me that peace of mind. Been at this for about 7 years now, just adding a bit every quarter or so.

Lately though, I've been looking at platinum. It just feels... undervalued? Gold has done its thing, and I'm happy with it, but platinum's industrial demand and relative scarcity compared to gold has me thinking. It's been hovering lower than gold for a while now, which historically isn't always the case. I'm wondering if now might be a smart time to start diversifying some of my new contributions or even rebalance a small portion of my gold into platinum for my IRA. I'm not talking about putting a huge chunk in right off the bat, maybe start with 10-15k over the next year.

Anyone else feeling this way about platinum right now? What are your thoughts on its potential, especially in an IRA setup? I'm always looking at different ways to secure my retirement, and while I mostly use tools like the "Silver vs Stocks" comparison at silvervsstocks.goldirablueprint.com/?period=10Y to keep an eye on gold/silver performance against the market, platinum feels like it presents a unique opportunity given its current pricing. Would love to hear some perspectives, both bullish and bearish, before I make any moves.

5 comments

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Best Answer▲ 5 upvotes

thomas_walker🏆Advanced (250-500k)

Totally agree with your思路 (thoughts)! I've been doing a similar thing with palladium for a while in my IRA, and it's been a pleasant surprise. My portfolio is a bit smaller than yours, around $100k total, with about $30k in palladium. The diversification has definitely felt good, and the performance has been solid. Platinum seems like the next logical step for many of us looking beyond just gold.

Comments (5)

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

Totally get the platinum curiosity! I was in a similar boat a few years back. Always been a gold guy for my IRA, but after doing some deep dives, I decided to diversify a small portion into platinum. Not a huge chunk, maybe 10-15% of my precious metals. It's been interesting to watch, and I feel good about not having all my eggs in the gold basket. Definitely do your research on the industrial demand side; that's where I found a lot of the appeal.

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

Super interesting! So you're looking at platinum to diversify beyond gold. For the $70k in physical gold you already have, is that all in one type of gold (e.g., exclusively American Gold Eagles), or do you have a mix of different coins/bars? Just curious how you approached that side of things. It might give some insight into your platinum considerations too.

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

Interesting thought! While platinum definitely has its industrial uses and a certain appeal as a precious metal, I've always been a bit cautious about it for a retirement portfolio. It's often more volatile than gold, with its price being heavily tied to industrial demand (think auto catalysts), which can swing quite a bit. Gold, on the other hand, tends to be more of a pure safe-haven and store of value, especially during economic uncertainty.

For an IRA, where long-term stability and capital preservation are usually key, that added volatility with platinum might be something to really consider. It's not a bad metal by any means, but personally, I'd probably stick to gold and silver for the bulk of the "physical metal" allocation in a retirement account.

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

Hey, that's interesting! Platinum definitely has a different dynamic than gold. One thing to keep in mind is its industrial demand, which can make it a bit more volatile than gold, but also offers some unique opportunities.

You might find this article on the pros and cons of platinum in an IRA helpful: https://www.dummies.com/personal-finance/investing/iras/pros-and-cons-of-platinum-in-an-ira-investment-portfolio/. Good luck with your research!