Platinum – seriously undervalued or just a flash in the pan?
- •Been doing a deep dive into my portfolio lately and trying to figure out where to park some more capital, especially with all the tech volatility.
- •Left my exec role a few months back, and while the severance was nice, I'm itching to diversify beyond just the usual suspects.
- •My Gold IRA is sitting pretty at around $350k right now, but I'm looking at platinum and wondering if I'm missing something.
Been doing a deep dive into my portfolio lately and trying to figure out where to park some more capital, especially with all the tech volatility. Left my exec role a few months back, and while the severance was nice, I'm itching to diversify beyond just the usual suspects.
My Gold IRA is sitting pretty at around $350k right now, but I'm looking at platinum and wondering if I'm missing something. The gold/platinum ratio is wild right now. Back in the day, platinum was almost always more expensive. I remember my dad grumbling about it when he was looking at rings in the 90s. With all the supply chain issues from South Africa and the push for hydrogen fuel cells (which use platinum, right?), it feels like it should be taking off.
I'm sitting here in SF, watching the cost of, well, everything climb, and gold feels like a solid hedge, but platinum looks like it has serious upside potential. Am I just drinking the Kool-Aid here, or are other folks seeing this too? Is it really that undervalued, or are the industrial demands just not strong enough yet to push the price significantly? Any old-timers here who remember the last time platinum outpaced gold consistently? What are your thoughts?