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    Platinum - Thoughts on going heavier?

    J
    Key Takeaways
    • Been heavy into precious metals for decades, especially since retiring from the Street a few years back.
    • Most of my allocation's always been in gold, with a decent chunk in silver.
    • Gold IRAs have been a lifesaver for diversification and tax benefits, especially with the market volatility we’ve seen.
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    Been heavy into precious metals for decades, especially since retiring from the Street a few years back. Most of my allocation's always been in gold, with a decent chunk in silver. Gold IRAs have been a lifesaver for diversification and tax benefits, especially with the market volatility we’ve seen. I remember checking out the Eligibility Checker back when I first started looking into setting one up – definitely a good first step for anyone considering it. Funny how quickly you can see if it's even an option.

    Lately, I’ve been looking more closely at platinum. It just feels… undervalued, you know? The price action compared to gold and even palladium seems off. With the industrial demand and its rarity, you'd think it would be trading higher. Maybe it's the auto industry headwinds, but even that feels priced in at this point. I'm sitting on a portfolio north of $3M now, and a solid 40% of that is metals, mostly gold. My wife thinks I’m crazy for even thinking about shifting more into platinum, but I have a gut feeling here.

    I’m particularly curious about adding platinum to my existing Gold IRA. It’s a bit more niche than gold or silver, and I wonder about the liquidity down the line if I do pile in. Are any of you holding significant platinum in your precious metals IRAs? What are your long-term thoughts on its potential? Am I just seeing what I want to see, or is there a real argument for it being a bargain right now?

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    3 comments

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    Best Answer▲ 8 upvotes
    T
    thomas_walker🏆Advanced (250-500k)

    Totally feel this. I've always been gold-heavy too. Thought about platinum a few times, but never really pulled the trigger on a larger allocation. Made a small purchase back in '08 when things looked rough and it did okay, but my gold IRA has definitely been the rock. Good to hear someone else seeing the value in these IRAs for diversification!

    Comments (3)

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    thomas_walker🏆Advanced (250-500k)Real Investor✓ Verifiedless than a minute ago

    Totally feel this. I've always been gold-heavy too. Thought about platinum a few times, but never really pulled the trigger on a larger allocation. Made a small purchase back in '08 when things looked rough and it did okay, but my gold IRA has definitely been the rock. Good to hear someone else seeing the value in these IRAs for diversification!

    1
    charles_lewis💎Premium (500k-1m)Real Investorless than a minute ago

    Interesting. So you've been in PMs for decades, and sound like you've seen a lot of cycles. When you say "heavier" in platinum, what kind of percentage are you thinking of allocating to it relative to your gold?

    2
    catherine_bell🏆Advanced (250-500k)Real Investorless than a minute ago

    Interesting thought on Platinum, OP. While it definitely has its industrial uses and can be a good diversifier, I've always been a bit wary of going "heavy" into it for the long haul, especially compared to gold and silver. Its price action seems a bit more volatile and tied to specific industrial sectors, which can be a double-edged sword. Gold's role as a pure monetary metal just feels more resilient during uncertain times, especially in an IRA where you're really thinking long-term wealth preservation. Just my two cents!

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