Platinum undervalued? Thinking about diversifying my stack

Dude, I'm literally in the same boat! My IRA is heavily weighted in gold, and I've been eyeing platinum too. Started looking into it after seeing some articles and it definitely seems undervalued given its industrial uses. Thinking about peeling off a small percentage of my gold for some platinum. Keep us posted on what you decide!

Interesting! So you're saying a good chunk of your metals are already in a Gold IRA. When you say 'physical gold in my IRA,' does that mean you're holding actual coins/bars, or is it an ETF that tracks gold? Just curious how that works for you.

Interesting thought process, and I totally get the desire to diversify. But "undervalued" can be a tricky word with precious metals. Platinum has some industrial demand sure, but it also seems to be more susceptible to economic downturns than gold, which tends to hold its own as a safe haven asset. Maybe it's not so much undervalued as it is just... more volatile?

I'd personally stick with the tried and true gold and silver for the bulk of an IRA. Platinum could be a fun speculative play in a separate account, but for retirement, I'd err on the side of stability. Just my two cents, of course!

Hey, that's a good question about platinum! It definitely has some interesting industrial demand that makes it unique. If you're looking to diversify, one thing to consider is the spread between buying and selling platinum compared to gold or silver. Sometimes it can be a bit wider.

You might find this article comparing platinum and gold helpful for weighing the pros and cons in an IRA context. Good luck with your research!

Totally agree, OP. Platinum has been on my radar too for similar reasons. I'm probably 70/30 gold/silver myself, but I've been eyeing some platinum coins to add a bit more diversification. Seems like a good long-term play given the industrial demand and current prices relative to gold.

Platinum is definitely interesting, and I get the appeal of diversification. I diversified into some silver initially, but when it came to platinum or palladium, I paused. I looked into it pretty heavily a few years back – like 2019, 2020 – wondering if it was a good entry point. The industrial demand angle is compelling, sure, but I kept coming back to gold's much deeper, centuries-old role as a monetary metal and ultimate safe haven. For my 401k rollover into a Gold IRA, I just couldn't justify anything beyond gold and a bit of silver, especially given the current economic climate. Platinum might have its moment, but sustained upward pressure like gold? I'm not entirely convinced yet, at least not for my long-term retirement holdings.

Depends on your goals. For some short-term gains, maybe. But if you're talking long-term wealth preservation, platinum doesn't hold a candle to gold's historical stability, especially in an IRA. I looked into it back in 2021 when it had a nice run, but ultimately decided against it for my Gold IRA given the volatility. Stick with the tried and true for your retirement savings, IMO.