Platinum: The forgotten sibling? Is it finally time?
- •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.
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?