Platinum - the forgotten child? What are your positions?
- •Been thinking a lot about platinum lately.
- •Feels like everyone's still laser-focused on gold and silver, especially with the recent run-up in gold.
- •And I get it, gold's been fantastic for my portfolio, definitely cushioned some of the market volatility I saw last year.
Been thinking a lot about platinum lately. Feels like everyone's still laser-focused on gold and silver, especially with the recent run-up in gold. And I get it, gold's been fantastic for my portfolio, definitely cushioned some of the market volatility I saw last year. But platinum... it just seems to be sitting there, almost forgotten.
I've always had a decent chunk of my metals allocation in platinum, probably around 15% of my overall bullion holdings. It’s definitely not as big as my gold position, which is well into seven figures, but it's not insignificant either. I scooped a good portion of it up back when it was trading pretty tight with gold, and I’m glad I did. But now, with the gold-to-platinum ratio being what it is, it makes me wonder if there’s a real opportunity here. We’re talking a metal with significant industrial demand – catalytic converters, jewelry, quite a few niche applications – trading at such a discount to gold. Historically, that wasn't always the case.
My Gold IRA is obviously heavily skewed towards gold and some silver Eagles, which have been stellar. But for my physical stack at home, I've always diversified. Call it an old habit from my CEO days – never put all your eggs in one basket. Given the current price action, or lack thereof, in platinum, I’m seriously contemplating adding another substantial chunk to my physical holdings. I'm talking probably another $100k-$200k, depending on how things shake out over the next few months. It just feels... undervalued, like the market isn't fully recognizing its scarcity or its industrial importance.
Curious what others are thinking. Are you loading up on platinum? Or are you sticking with the traditional gold/silver play? Is there something I'm missing that explains the current disparity, or is this genuinely a long-term value play?