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    Platinum: The forgotten sibling? Is it finally time?

    Key Takeaways
    • Been seeing a lot of chatter lately about gold and silver, but it got me thinking about platinum.
    • I've been stacking gold for over 20 years – started dabbling back when I was still on the line at Ford, before I retired a few years back.
    • My core portfolio, about 700k of it, is in physical gold and a Gold IRA.
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    Been seeing a lot of chatter lately about gold and silver, but it got me thinking about platinum. I've been stacking gold for over 20 years – started dabbling back when I was still on the line at Ford, before I retired a few years back. My core portfolio, about 700k of it, is in physical gold and a Gold IRA. But I've always kept an eye on platinum, even though I've personally never bought much of it.

    Used to be, platinum was always a good bit higher than gold, right? Now it feels like it's been in the doldrums for ages. With the whole EV push, I get why industrial demand took a hit, but it still has a lot of uses. Catalytic converters, jewelry... it's not like it's going to disappear. Looking at the charts, it just seems so depressed compared to its historical averages, especially against gold. I'm sitting here in Detroit, watching the auto industry pivot, and I can't help but wonder if the market's overcorrected.

    I’ve been debating throwing a chunk of my annual investment budget – maybe 20-30k – into platinum this year, just to diversify a bit. It feels like a contrarian play, which sometimes pays off big time in the metals world. Anyone else out there with a longer history in platinum? What's your take? Is this finally the time to get in, or am I just seeing what I want to see after two decades of just gold?

    162
    7 comments

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    Best Answer▲ 19 upvotes
    M
    michelle_collins🏆Advanced (250-500k)
    Absolutely! Platinum has been on my radar for a while now, especially with the EV push potentially impacting palladium's industrial demand long term. I've been using Kitco's historical charts to track the platinum/gold ratio pretty closely – it's still way off its 2010 highs, which makes me think there's some serious upside if it just reverts to the mean. For anyone else looking at this, check out their interactive charts, they're super helpful for spotting these kinds of long-term trends.

    Comments (7)

    5
    margaret_chen🏆Advanced (250-500k)Real Investorabout 1 month ago

    Totally get what you're saying! Platinum definitely feels like the overlooked middle child sometimes. I had a similar thought a few years back, diversified a tiny bit from my gold stack into some platinum coins. Not a huge position, maybe 5% of my precious metals, but it's been... interesting. Nothing wild, but it's held its own. Curious to see if this "chatter" you're noticing means anything significant for platinum's future.

    2
    betty_king📊Growing (50-100k)about 1 month ago

    Interesting thought about platinum. You mentioned your core portfolio is in physical gold and a "..." - what's the rest of that sentence? Are you holding other metals in that core portfolio or something else entirely?

    7
    laura_sanchez💰Established (100-250k)Real Investor✓ Verifiedabout 1 month ago

    While platinum definitely has its industrial uses and can be volatile, I'm not sure it's the "forgotten sibling" in the same way. Gold and silver have a much deeper history as monetary metals and hedges against inflation. Platinum's price often moves with industrial demand, which can be a double-edged sword. It's an interesting metal, but for a core retirement portfolio, I'd still lean heavily into gold and silver's track record for preserving wealth.

    19
    michelle_collins🏆Advanced (250-500k)Real Investorabout 1 month ago

    Absolutely! Platinum has been on my radar for a while now, especially with the EV push potentially impacting palladium's industrial demand long term. I've been using Kitco's historical charts to track the platinum/gold ratio pretty closely – it's still way off its 2010 highs, which makes me think there's some serious upside if it just reverts to the mean. For anyone else looking at this, check out their interactive charts, they're super helpful for spotting these kinds of long-term trends.

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

    Good question, "forgotten sibling" is right. I've dabbled in platinum before, mostly with a small allocation in a self-directed, non-IRA account. Honestly, the spreads can be brutal compared to gold or silver. You really need to be crystal clear on the long-term industrial demand outlook because that's where its real price drivers are, not just safe-haven plays. For my Gold IRA, I'm sticking to the yellow metal; the liquidity and established market depth are just too strong to ignore.

    5
    daniel_wright💎Premium (500k-1m)Real Investor✓ Verifiedabout 1 month ago

    Man, I've been burned on platinum before, trying to time the industrial demand cycle back in '08. Lost a good chunk of change. This time feels different though, with the EV push stalling a bit and hydrogen coming online. I'm still mostly gold and silver in my IRA, but I've been eyeing platinum again, definitely not jumping in blindly like last time thanks to some of the insights I've picked up here on GIRAB.

    11
    kenneth_parker💎Premium (500k-1m)Real Investor✓ Verifiedabout 1 month ago

    Platinum... man, that brings back memories. My daddy, God rest his soul, always told me, "Son, gold's for show, silver's for trade, but platinum? That's when things get *real*." He was a mechanic his whole life, saw the industrial demand for it firsthand before anyone was talking about investments. Tried to get me into it back in the late 90s, when it was flying high. I bought a few coins then, more for sentiment than anything else. Fast forward to the 2008 crash, I panicked like a lot of folks, and sold those platinum coins at a loss, just needed the cash for my business. Always regretted that. Watching it now, with the EV push and all the talk about catalysts, I can't help but wonder if my daddy was right all along. It might not be the golden child of my portfolio, but I've been eyeing it seriously again, maybe for a smaller allocation. That old Memphis grit taught me to learn from my mistakes, and *that* mistake still stings a bit.

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