Platinum vs. Gold - Anyone making the switch? Or adding more platinum?

David Brown

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Platinum vs. Gold - Anyone making the switch? Or adding more platinum?

david_brown💎Premium (500k-1m)

about 3 hours ago

Key Takeaways

•I’ve been thinking a lot about platinum lately, especially with how gold has been performing.
•I live in Boston and my profession as a doctor means I'm always looking at long-term stability and smart diversification.
•Gold has definitely delivered on that for me over the past decade.

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I’ve been thinking a lot about platinum lately, especially with how gold has been performing. My Gold IRA is a significant part of my portfolio – I've got almost 20% of my ~$800k in physical gold, primarily through my IRA, and it's been a fantastic hedge. I live in Boston and my profession as a doctor means I'm always looking at long-term stability and smart diversification. Gold has definitely delivered on that for me over the past decade.

But platinum… it’s been feeling really undervalued, hasn't it? The industrial demand seems to be picking up, and as an investment, it feels like there’s more upside potential given the current prices compared to gold. I remember a few years ago when platinum was trading at a premium to gold, and now the discount is pretty substantial. I've been considering rebalancing a small portion out of some other assets (maybe some of my real estate holdings or even trimming a little off my broader market ETFs) to add some platinum to my physical metals allocation, possibly through a Precious Metals IRA.

My concern is whether this is a smart move right now, or if I’m just chasing a dip that could go lower. I know platinum can be a lot more volatile than gold. For those of you who have platinum in your portfolios or are eyeing it, what are your thoughts? Are you seeing enough signals for a significant rebound, or is it still too early?

Are any of you transitioning some of your gold holdings into platinum, or just adding to platinum without touching your existing gold? I'm trying to figure out if it's worth the increased exposure to a more volatile asset class, even if it feels "cheap" at the moment. Would love to hear some perspectives from this group!

5 comments

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Best Answer▲ 10 upvotes

sandra_green📊Growing (50-100k)

Interesting post! I've actually been in a similar boat. My Gold IRA is also a good chunk of my retirement, and I've been super happy with its performance. I started looking into platinum last year when I saw the price dip and the gold/platinum ratio widen. Didn't make a huge move, but I did add a small amount of platinum to my precious metals holdings outside of my IRA. It's an interesting diversification play, especially if you believe in the industrial demand picking up.

Comments (5)

sandra_green📊Growing (50-100k)✓ Verified•less than a minute ago

gary_stewart📊Growing (50-100k)•less than a minute ago

Interesting thought. You mentioned your Gold IRA is a significant part of your portfolio, and you've got almost 20% of your ~$800k in physical gold through it. Are you saying you plan to convert some of your existing gold in your IRA to platinum, or are you looking to add platinum to your IRA in addition to your current gold holdings?

timothy_reed💎Premium (500k-1m)Real Investor•less than a minute ago

Honestly, I'm a bit surprised to see folks considering swapping out gold entirely for platinum, or even adding a significant chunk. While platinum definitely has its industrial uses and unique market dynamics, it's never really captured that same "safe haven" appeal that gold has during economic downturns. It can be a lot more volatile. Are we sure we're not just chasing the recent performance a bit too much here? Gold's long-term stability and role as a hedge are pretty well-established for a reason.

karen_robinson💼Starter (0-50k)•less than a minute ago

Hey, interesting question! While platinum can be an exciting option, remember that not all precious metals are IRA-eligible. For a Gold IRA, the IRS has specific fineness requirements.

You can find a good breakdown on what's allowed and not allowed for IRAs on the IRS website or by checking resources from reputable precious metals dealers. Might save you a headache later!

ronald_morris👑Elite (1m-5m)Real Investor•less than a minute ago

Totally agree with the sentiment here. Gold's been an absolute beast for me too. My Gold IRA is around 15% of my total portfolio, which is a bit smaller than yours at around $550k, but still a significant chunk. It's truly been a fantastic stabilizer and growth engine through some volatile times.

I've also been eyeing platinum more closely. The price difference right now is pretty compelling, and I'm definitely thinking about diversifying a bit into it within my IRA. Might be a smart move to capture some future upside.

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