Platinum: The Forgotten Cousin - Is a Turnaround on the Horizon?

Andrew Roberts

Back to forum

⭕ Gold Rounds

Platinum: The Forgotten Cousin - Is a Turnaround on the Horizon?

andrew_roberts👑Elite (1m-5m)

about 2 months ago

Key Takeaways

•Been seeing a lot of chatter lately about platinum, and it’s got me wondering if we’re finally going to see some serious movement.
•For years now, it feels like platinum has been the forgotten cousin in the precious metals family – always trailing behind gold and silver.
•It’s a bit of a bummer, to be frank, when you’re used to seeing solid returns across the board.

Download the free rollover checklist

Been seeing a lot of chatter lately about platinum, and it’s got me wondering if we’re finally going to see some serious movement. For years now, it feels like platinum has been the forgotten cousin in the precious metals family – always trailing behind gold and silver. I’ve certainly felt it in my own portfolio; my platinum allocation, while substantial in ounces, hasn't delivered the kind of gains I’ve seen in my gold and palladium holdings over the same period. It’s a bit of a bummer, to be frank, when you’re used to seeing solid returns across the board.

I’ve been retired for a good while here in Palm Beach, and I've built up a rather significant collection of precious metals, including a hefty stack of platinum rounds and bars, mostly purchased a few years back when I thought it was inevitable we’d see it return to parity with gold. Clearly, that didn't happen as quickly as I anticipated. My initial rationale was pretty sound – industrial demand, rarity, the whole nine yards. But the diesel scandal and the rise of EVs really put a damper on things, didn't it?

Now, though, with the push for hydrogen fuel cells and continued robust industrial applications, are we looking at a legitimate turning point? I'm talking about a significant, sustained run, not just a blip. With gold holding strong around $2300 and platinum still hovering under $1000, the spread is historically wide. For those of us who believe in the long-term fundamentals of precious metals, this feels like an opportunity screaming at us. Are others out there seeing what I’m seeing, or am I just looking for confirmation bias? What’s your take on platinum’s potential in the next 3-5 years?

167

7 comments

The biggest mistake retirees make with their 401(k)

Most people don't diversify until after a crash. Get the free guide and protect your nest egg.

Under $100k? Compare options →

525 people viewed this today70 members requested a free kit this week105 investors bookmarked this

Best Answer▲ 19 upvotes

laura_sanchez💰Established (100-250k)

Interesting take. I've heard the opposite from a few people though — would love to see some actual numbers on this.

Comments (7)

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

Hey, interesting post! When you say "chatter," is that mostly about industrial demand picking up, or more about investment sentiment changing? Just curious what's fueling the optimism you're hearing.

michael_anderson🏆Advanced (250-500k)Real Investor•about 2 months ago

Interesting take. While I get the "forgotten cousin" angle, I'm not so sure a massive turnaround is imminent. Platinum's industrial demand has a lot to do with its price, and that's not always in sync with what we see in gold or silver as safe-haven assets. It could definitely see a boost, but maybe not the explosive growth some are hoping for, especially if the global economy stays a bit wobbly.

ashley_baker💼Starter (0-50k)✓ Verified•about 2 months ago

Totally feel this. I actually sold a decent chunk of my platinum a few years back to reallocate into gold, thinking I was "diversifying" effectively. Kicking myself a little now, seeing some of the news. Guess we'll see if it finally gets its moment in the sun!

david_brown💎Premium (500k-1m)Real Investor•about 1 month ago

I rolled over about $80k last year. Honestly the hardest part was just picking which metals to hold. Still second-guessing myself.

karen_robinson💼Starter (0-50k)•about 1 month ago

Ngl I came here expecting the usual affiliate spam but the discussions are actually decent. Way better info than what I was getting from my old advisor.