Seriously considering adding platinum to my gold/silver stack - anyone here done it?

Margaret Chen

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Seriously considering adding platinum to my gold/silver stack - anyone here done it?

margaret_chen🏆Advanced (250-500k)

less than a minute ago

Key Takeaways

•Been in the gold and silver game for a few years now, mostly through my Gold IRA.
•Pulled about $350k into a Gold IRA, with a pretty even split between gold and silver bullion.
•Currently sitting on a decent mix of American Gold Eagles, a few kilo bars of silver, and some Canadian Maple Leafs.

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Been in the gold and silver game for a few years now, mostly through my Gold IRA. As a former tech exec here in SF, I was _heavy_ in equities for a long time, but after seeing a few cycles, especially the post-pandemic craziness, I decided to diversify a good chunk of my portfolio into physical assets. Pulled about $350k into a Gold IRA, with a pretty even split between gold and silver bullion. My biggest holdings are still stocks, but having that tangible real money feels good, especially with all the talk about inflation and geopolitical instability.

Currently sitting on a decent mix of American Gold Eagles, a few kilo bars of silver, and some Canadian Maple Leafs. My overall strategy has been pretty straightforward: buy dips, and hold for the long term. I’m not looking for short-term gains here; this is wealth preservation and a hedge against future economic shocks. The thought of having a chunk of my retirement savings impervious to a major market correction or currency devaluation gives me a lot of peace of mind.

Lately, though, I’ve been reading a lot about platinum. It seems like such an overlooked metal compared to gold and silver. The industrial demand, especially with the EV push and hydrogen fuel cells, seems like a compelling argument for its future appreciation. Plus, it's significantly rarer than gold. I’m thinking of taking maybe 10-15% of my current metals allocation, which would be around $35k-$50k, and converting it into platinum. Maybe some 1 oz Platinum Eagles or Canadian Platinum Maple Leafs to keep it simple. Does anyone here have platinum in their IRA? What’s been your experience? Any particular coins or refiners you'd recommend, or pitfalls to avoid?

My main concern is liquidity, given it's a smaller market than gold or silver. Also, the price volatility seems higher. But the supply-demand fundamentals really do seem strong. Would appreciate any insights from those who've navigated adding platinum to their precious metals portfolio. Always good to hear real-world experiences beyond the financial news headlines.

5 comments

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Best Answer▲ 10 upvotes

william_davis💎Premium (500k-1m)

Hey there! Sounds like you're thinking strategically about diversification, which is always a smart move. Platinum can definitely be an interesting addition.

One thing to consider is platinum's industrial demand – it's a bit more tied to economic cycles than gold, for example. If you want to dig deeper into the historical price movements and demand drivers for platinum vs. gold, Kitco has some pretty solid charts and articles that can give you a good overview. Might help you solidify your decision!

Comments (5)

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

Hey, I'm right there with you! I actually just started looking into platinum myself for my Precious Metals IRA. Been stacking gold and silver for a while, and the diversification aspect is really appealing right now with everything going on. Haven't pulled the trigger yet, but definitely leaning towards adding some. What kind of percentages are you thinking of allocating if you do?

dorothy_lopez💰Established (100-250k)Real Investor•less than a minute ago

Hey, that's interesting. You mentioned being heavy in equities before. Did you mostly use physical gold/silver for your IRA, or did you dabble in ETFs or mining stocks when you first started diversifying?

ashley_baker💼Starter (0-50k)✓ Verified•less than a minute ago

Platinum is interesting for sure, but I'd pump the brakes a bit on it as a primary IRA metal. The industrial demand is a double-edged sword; great when things are booming, but can really drag during downturns. Gold and silver tend to hold up better as safe havens in those scenarios, which is probably why you have them in your IRA in the first place, right?

You're already diversifying with gold and silver, which is smart. Maybe look at broadening your gold/silver exposure with different forms or mints first, or even a small percentage in something like real estate, before jumping into platinum for your retirement funds. Just a thought!

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

Hey there! Sounds like you're thinking strategically about diversification, which is always a smart move. Platinum can definitely be an interesting addition.

jennifer_martinez💰Established (100-250k)Real Investor✓ Verified•less than a minute ago

Totally agree with your reasoning here. Platinum is definitely worth looking at, especially if you're already diversified in gold and silver.

I dipped my toe in about six months ago after reading a few reports on its industrial demand, and I've been pretty happy with the performance so far. It hasn't shot to the moon, but it's been a steady climber and adds another layer of diversification to my precious metals holdings. Good luck!

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