Platinum - undervalued or just finding its new normal?
- •Been seeing a lot of chatter lately about platinum and if it's the next big thing.
- •For those of us with significant metal holdings, it's always something to keep an eye on, right?
- •I've been debating if it's currently undervalued or if the market has just fundamentally shifted for it.
Been seeing a lot of chatter lately about platinum and if it's the next big thing. For those of us with significant metal holdings, it's always something to keep an eye on, right? I've been debating if it's currently undervalued or if the market has just fundamentally shifted for it. My last serious platinum entry was around 2012-2013, and while it's made me some decent cash, it's not exactly setting the world on fire like gold and silver have been. My portfolio is north of 5mil and probably 15% of that is in precious metals, mostly gold and some silver, with a smaller chunk in platinum.
I get the industrial demand side, particularly with hydrogen and some newer tech applications. But the auto industry has been such a massive elephant in the room for so long, and with the big push to EVs, that demand is definitely a question mark. Are we truly seeing a secular decline in that demand that makes its current price fair, or is there a genuine disconnect between its fundamental value and its market price? I'm always looking for smart spots to diversify, especially with some of the real estate developments I'm working on out here in Aspen.
What are your thoughts on platinum's current position? Do you think there's a strong case for a significant upside in the short to medium term (say, 3-5 years), or is it more of a long-term speculative play? I've been doing my due diligence, and for anyone new to thinking about diversifying into precious metals, seriously check out the Gold IRA Quiz. It's a solid tool for getting a baseline understanding of what makes sense for your financial situation, even if you’re looking at more than just gold.
Curious to hear from others who have a decent chunk in platinum. Are you holding, buying more, or divesting? Any specific insights on industrial demand outside of automotive catalysts that you think could be a game-changer?