Platinum vs. Gold for IRA - What's everyone seeing?

Paul Hill

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Platinum vs. Gold for IRA - What's everyone seeing?

paul_hill🏆Advanced (250-500k)

about 3 hours ago

Key Takeaways

•I've been helping clients diversify their retirement portfolios with physical metals for a while now, mostly focusing on gold and silver in IRAs.
•Based here in SLC, I’ve got a good handle on what’s attracting attention, and lately, it feels like platinum keeps popping up in conversations.
•My gut tells me platinum could be seriously undervalued right now, especially compared to gold.

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I've been helping clients diversify their retirement portfolios with physical metals for a while now, mostly focusing on gold and silver in IRAs. Based here in SLC, I’ve got a good handle on what’s attracting attention, and lately, it feels like platinum keeps popping up in conversations. My personal Gold IRA is sitting just north of $300k, and I've been feeling pretty good about its performance, but I’m always evaluating what to recommend next.

My gut tells me platinum could be seriously undervalued right now, especially compared to gold. The gold/platinum ratio is still pretty high, historically speaking. I know a lot of the demand for platinum is industrial, particularly automotive catalytic converters, which took a hit during the pandemic and chip shortages. But with the push for hydrogen fuel cells and other green tech, it seems like future demand could really surge. Are other advisors out there seeing this same trend or starting to recommend platinum more aggressively to clients?

I'm not looking to move completely out of gold – that’s my rock-solid foundation – but I'm trying to decide if now's the time to suggest adding a platinum allocation to clients’ self-directed IRAs, maybe 5-10% of their metals holdings. For those of you who have platinum in your own IRAs or are advising on it, what are your thoughts? Are you seeing strong indicators that make you bullish on it for the next 3-5 years, or are there risks I might be overlooking? Any insights on where you're seeing the best opportunities for sourcing IRA-eligible platinum would also be awesome. Thanks for any input!

3 comments

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Best Answer▲ 6 upvotes

karen_robinson💼Starter (0-50k)

Yeah, I've definitely noticed platinum getting more airtime lately too! I was actually just chatting with my financial advisor about it last week. My dad's IRA has a decent chunk of gold, and I was curious if platinum made sense for me to consider as well. He basically said what you're seeing – it's an interesting option but still a smaller piece of the puzzle for most folks.

Comments (3)

margaret_chen🏆Advanced (250-500k)Real Investor•less than a minute ago

Hey, interesting post! When you say platinum is "popping up in conversations," are you seeing that more from clients asking about it, or is that something you're bringing up more often as a potential option?

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

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

Interesting perspective. While I totally get the appeal of platinum for diversification, I'm still seeing a strong lean towards gold, especially for the long-term stability and historical performance within IRAs. Platinum's industrial demand can make it a bit more volatile, which might not be everyone's cup of tea for a retirement account. Just something to consider!

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