Platinum versus Gold - Anyone else feeling this market shift?

Christopher Young

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Platinum versus Gold - Anyone else feeling this market shift?

christopher_young🌟Ultra (5m+)

1 day ago

Key Takeaways

•Been thinking a lot about the platinum market lately, especially since my last gold purchase for the IRA a few months back.
•I've got a pretty diversified precious metals portfolio, probably close to 7 figures just in physical metals and another chunk in the Gold IRA.
•We’re talking a decent amount of allocation for a guy running a few businesses here in Scottsdale.

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Been thinking a lot about the platinum market lately, especially since my last gold purchase for the IRA a few months back. I've got a pretty diversified precious metals portfolio, probably close to 7 figures just in physical metals and another chunk in the Gold IRA. We’re talking a decent amount of allocation for a guy running a few businesses here in Scottsdale. Gold’s been doing its thing, holding strong, but I can't shake the feeling platinum is seriously undervalued right now.

I remember back in '08, '09, platinum was trading well above gold, sometimes double the price. Now it's a fraction of gold's value. Is it just me, or does that seem fundamentally off for a metal with industrial demand and limited supply that’s actually scarcer than gold? I've been eyeing some platinum coins and bars for potential diversification within my IRA, but I'm still debating the timing. My financial advisor is a bit neutral on it, saying to stick to my current allocation, but my gut is telling me something else.

Anyone else in a similar boat, thinking about making a significant move into platinum? What are your thoughts on the long-term prospects, especially with the push for fuel cells and hydrogen tech? I’m looking at this as a multi-year play, not a quick flip, but still, seeing that price disparity is pretty jarring.

Curious to hear from others who have a decent chunk of their wealth in precious metals. Are you bullish on platinum compared to gold right now? Or am I just seeing what I want to see?

4 comments

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Best Answer▲ 7 upvotes

andrew_roberts👑Elite (1m-5m)

Totally get what you're saying! I've been eyeing platinum more and more myself. For years, gold was my "set it and forget it" for the IRA, but lately the platinum-to-gold ratio has me wondering if I should've diversified that way too. It’s like, you think you’re smart buying gold, then platinum starts looking like the sleeper hit.

My last big physical purchase was gold, and now I'm kinda kicking myself for not splitting it with some plat. Guess we live and learn, huh?

Comments (4)

andrew_roberts👑Elite (1m-5m)Real Investor✓ Verified•1 day ago

My last big physical purchase was gold, and now I'm kinda kicking myself for not splitting it with some plat. Guess we live and learn, huh?

ruth_perez📊Growing (50-100k)•1 day ago

Interesting post! When you say "last gold purchase for the IRA," are we talking a direct purchase of physical gold held in the IRA, or gold ETFs/funds?

patricia_miller📊Growing (50-100k)✓ Verified•1 day ago

Interesting thought on platinum. While it definitely has its industrial uses and could see some upside, I'm still feeling pretty bullish on gold as the ultimate safe haven. Diversification is key, no doubt, but sometimes those "market shifts" can be more hype than reality when it comes to long-term IRA investing. Gold's track record as a store of value is just so hard to beat.

david_brown💎Premium (500k-1m)Real Investor•1 day ago

Hey, interesting point about platinum! Definitely something to keep an eye on, especially with its industrial demand. Speaking of diversification in a precious metals IRA, have you looked into how your custodian handles things like storage fees and buyback programs for different metals? It can vary quite a bit, and knowing those details upfront can save a headache later on. This Investopedia article on Gold IRAs gives a good overview of what to consider, including those often-overlooked logistical aspects.

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