Platinum vs. Gold in an IRA - anyone else thinking about this?

Carol Carter

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Platinum vs. Gold in an IRA - anyone else thinking about this?

carol_carter💰Established (100-250k)

about 10 hours ago

Key Takeaways

•Been seeing a lot of chatter lately about platinum prices and wondering if anyone else here is looking at it for their precious metals IRA.
•I've got a decent chunk, about $150k, in my IRA split pretty evenly between gold and some diversified funds.
•Has anyone here actually added platinum to their Gold IRA recently?

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Been seeing a lot of chatter lately about platinum prices and wondering if anyone else here is looking at it for their precious metals IRA. I've got a decent chunk, about $150k, in my IRA split pretty evenly between gold and some diversified funds. Gold's been good to me, feeling pretty secure there, but I'm always looking at ways to be smart with my money, especially with my kids getting older and college looming.

My thinking is, with platinum historically trading higher than gold and the current industrial demand looking like it could pick up again eventually, maybe there's an opportunity. It feels like gold has had its run, and while I’m not selling my gold, I’m wondering if allocating some new funds, or even a small portion of my current gold, towards platinum might be a shrewd move right now. I'm an insurance agent here in Omaha, so I naturally lean towards risk mitigation and diversification, but also recognize that sometimes you have to lean into potential growth.

Has anyone here actually added platinum to their Gold IRA recently? Or thought about it and decided against it? What were your considerations? Am I crazy for even considering taking some of my gold out to swap for platinum, or just for thinking about putting new money into it? Really curious to hear perspectives, especially if you’ve gone through the process with a custodian.

5 comments

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Best Answer▲ 10 upvotes

kenneth_parker💎Premium (500k-1m)

Totally! I've been eyeing platinum too. My IRA is similar, heavy on gold, but I've got a smaller chunk, like $20k, in silver. Thinking about diversifying a bit into platinum before it really takes off. Gold has been a rock, but always good to spread things out, right?

Comments (5)

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

Totally get where you're coming from! I actually had a similar thought a few months back. My Dad was really big on platinum in his younger days, so it always stuck with me. Ended up sticking with gold for my IRA, too, mainly because of the long-term stability it's shown. But that price action for platinum lately has been tempting to watch!

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

Hey, that's an interesting question about platinum! When you say you're looking at it, are you considering it as an alternative to your existing gold holdings, or more as a way to further diversify beyond gold and your diversified funds?

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

Interesting thought, OP. I get the appeal of platinum given the recent buzz. While it definitely has its industrial uses and a certain scarcity, I'm personally a bit more cautious about it for an IRA.

For me, the long-term, established stability and market depth of gold just feels like a safer bet for retirement savings. Platinum's price can be a bit more volatile, which might be exciting for some, but I prefer less dramatic swings when it comes to my nest egg. Gold's track record as a store of value through various economic ups and downs is hard to beat, especially for something you're holding for decades.

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

Hey, interesting question! Platinum definitely has a different market dynamic than gold, often tied more to industrial demand. While it *can* be included in a precious metals IRA, you'll want to make sure the specific products meet IRS purity standards.

My tip: Do a deep dive into the historical price correlation between platinum and gold. Sometimes they move in tandem, other times not. Understanding that could help you decide if it truly adds the diversification you're looking for. A quick search for "platinum gold price correlation chart" can give you a lot of visual data to start with. Good luck!