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    Platinum: The forgotten precious metal in an IRA? What are your thoughts?

    M
    mark_adams👑Elite (1m-5m)
    about 1 month ago
    Key Takeaways
    • I’ve been heavily into gold for years, as many of you probably know from my previous posts.
    • It's been a critical hedge for my overall portfolio, which is otherwise pretty aggressive given my fund's mandate.
    • However, I've been kicking around the idea of diversifying a small portion of that precious metals allocation into platinum.
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    I’ve been heavily into gold for years, as many of you probably know from my previous posts. My personal allocation is north of 10% between physical and my Gold IRA, given the current geopolitical landscape and rampant inflation devaluing the USD. It's been a critical hedge for my overall portfolio, which is otherwise pretty aggressive given my fund's mandate. However, I've been kicking around the idea of diversifying a small portion of that precious metals allocation into platinum. I’m talking maybe 5-10% of my current gold holdings for now, just to get some exposure. It’s hard to ignore the price differential right now, especially compared to gold.

    Historically, platinum has often traded at a premium to gold, and seeing it at such a significant discount for an extended period has me wondering if it’s a coiled spring. There's the industrial demand side, sure, especially with hydrogen fuel cells potentially ramping up, but I'm more interested in its role as a monetary metal, even if secondary to gold and silver. I’m based in Greenwich, CT, and frankly, my peers here are all about the gold and crypto; platinum barely gets a mention. Is everyone just missing something obvious here, or are there fundamental reasons it’s languishing that I'm not fully appreciating?

    I know the liquidity isn't as great as gold, and the industrial demand can be more cyclical, but for a smaller, long-term allocation within an IRA, does that matter as much? My thought is to move maybe $100k-$200k from my existing Gold IRA into a Platinum IRA. I'm not looking for a quick flip, but rather another long-term store of value. Has anyone here made a similar move recently? What custodians are you using for Platinum IRAs, and what are your experiences with their fees and storage options?

    I'd genuinely appreciate hearing some diverse opinions on this. Am I getting FOMO from a perceived undervaluation, or is there a genuine opportunity to add a historically premium metal at a substantial discount for a long-term hold? Tell me what I'm missing or if you think I'm onto something.

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    5 comments

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    Best Answer▲ 17 upvotes
    E
    elizabeth_johnson💰Established (100-250k)
    Honestly, platinum is one I’ve been eyeing up recently. Always felt it was overshadowed by gold and silver, but the industrial demand combined with the rarity is starting to feel like a serious upside play given the current prices. Compared to the gold info I was sifting through elsewhere, some of the charts shared on GIRAB really made me rethink my initial dismissal of it a few years back. Definitely considering allocating a small percentage, maybe 5% of my precious metals, to platinum next year if these trends hold.

    Comments (5)

    7
    dorothy_lopez💰Established (100-250k)Real Investorabout 1 month ago

    Totally get where you're coming from with the gold heavy allocation. I've been in a similar boat for a while now, seeing gold as the ultimate safe haven. Funny enough, I actually dipped my toe into platinum for my IRA about five years back, almost on a whim. Didn't put a huge chunk in, but it's been interesting to watch. It's definitely not the star of my portfolio like gold, but it's been a quiet performer. Makes you wonder if it'll ever get its full moment in the sun, especially with industrial demand fluctuations.

    9
    betty_king📊Growing (50-100k)about 1 month ago

    Great post! Super interesting to hear you're looking beyond just gold. I'm curious – when you say "heavily into gold," are you factoring in gold mining stocks or ETFs at all, or strictly physical and your Gold IRA?

    6
    kenneth_parker💎Premium (500k-1m)Real Investor✓ Verifiedabout 1 month ago

    Interesting thought, but I'm not sure platinum really fits the "hedge against inflation" narrative in the same way gold and even silver do. Platinum's price is much more tied to industrial demand (auto catalysts, jewelry, etc.) than it is to safe-haven investing. If we hit a serious recession, that demand tanks, and so does the price. Gold, on the other hand, often *rallies* during economic uncertainty.

    So while it might be a good diversification play for some, I wouldn't put it in the same category as gold for protecting purchasing power during inflationary times. Just my two cents!

    4
    robert_thompson💰Established (100-250k)Real Investor✓ Verifiedabout 1 month ago

    Totally get why platinum might feel "forgotten" next to gold, especially with the current market. FWIW, I found this article from Kitco a while back that did a pretty good job breaking down the pros and cons of adding platinum to a precious metals IRA. Might be a useful read if you're seriously considering it!

    https://www.kitco.com/news/2023-11-09/Platinum-in-an-IRA-What-to-consider-before-investing.html

    17
    elizabeth_johnson💰Established (100-250k)Real Investor✓ Verifiedabout 1 month ago

    Honestly, platinum is one I’ve been eyeing up recently. Always felt it was overshadowed by gold and silver, but the industrial demand combined with the rarity is starting to feel like a *serious* upside play given the current prices. Compared to the gold info I was sifting through elsewhere, some of the charts shared on GIRAB really made me rethink my initial dismissal of it a few years back. Definitely considering allocating a small percentage, maybe 5% of my precious metals, to platinum next year if these trends hold.

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