Still stacking platinum in my IRA, couldn't be happier with the results

Andrew Roberts

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🔲 Platinum IRA

Still stacking platinum in my IRA, couldn't be happier with the results

andrew_roberts👑Elite (1m-5m)

about 2 months ago

Key Takeaways

•Thought I'd share a quick update on my Platinum IRA, something I started well over a decade ago.
•I remember back in the early 2010s, my financial advisor was practically begging me to stick to a 60/40 stock/bond split.
•I, on the other hand, was pushing hard to get more substantial exposure to precious metals.

See what your 401(k) could look like in gold

Thought I'd share a quick update on my Platinum IRA, something I started well over a decade ago. I remember back in the early 2010s, my financial advisor was practically begging me to stick to a 60/40 stock/bond split. I, on the other hand, was pushing hard to get more substantial exposure to precious metals. After selling my last company in '08 and moving down here to Palm Beach, I had a good chunk of cash to play with, and I just had a feeling about the direction things were going. Fast forward to today, and that platinum allocation in my IRA has been an absolute godsend. It's not just kept pace with inflation; it's soared past it, especially in the last few years. Sure, there have been some dips, but my conviction never wavered.

I distinctly recall adding more to my platinum holdings when things looked a bit shaky around 2015-2016, and again during the initial COVID panic. Everyone was selling, and I saw it as a massive buying opportunity. My portfolio is comfortably in the mid-seven figures now, and a significant percentage of that wealth is tied up in physical platinum and gold held within my IRA. It's a huge comfort knowing that a considerable portion of my retirement funds are anchored in something tangible, away from the typical Wall Street fluctuations and governmental whims. It’s given me a sense of security that frankly, I didn’t get from growth stocks alone.

For anyone on the fence about diversifying into platinum or other precious metals for their retirement, I can't recommend it enough, especially with the way the global economy is heading. It’s not just about a quick buck; it’s about preserving real purchasing power over the long haul. My only regret? Not going even heavier back then when palladium was also dirt cheap and platinum was still relatively low. Things have definitely changed. What are some of your biggest "I wish I bought more of that" moments from your metals investing?

Are any of you still actively adding to your Platinum IRAs, or have you shifted your focus to other metals lately? I’m always curious about what others are seeing in the market.

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7 comments

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Best Answer▲ 19 upvotes

mark_adams👑Elite (1m-5m)

This mirrors what I've been seeing too. The macro environment right now is making a strong case for physical metals.

Comments (7)

sandra_green📊Growing (50-100k)✓ Verified•about 2 months ago

That's awesome! A decade-plus is a serious long-term play. When you say "substantial exposure to precio," are you referring specifically to platinum or other precious metals too?

charles_lewis💎Premium (500k-1m)Real Investor•about 2 months ago

Congrats on the platinum working out for you! That's awesome you bucked the trend and it paid off. I do wonder though, for every story like yours, how many people went all-in on something unconventional that *didn't* pan out so well? Not saying platinum is bad, but it feels a bit like survivor bias when we only hear about the wins.

joseph_harris📊Growing (50-100k)•about 2 months ago

Dude, same! My advisor looked at me like I had three heads back in '09 when I mentioned precious metals beyond a tiny gold allocation. I ended up just doing it myself through a different company. Fast forward to now, and yeah, that platinum has been a quiet MVP in my portfolio. Glad to see someone else betting on it 🙌

michelle_collins🏆Advanced (250-500k)Real Investor•about 2 months ago

That's awesome to hear about your platinum IRA! It's always great when a long-term play pays off, especially when it goes against the "conventional wisdom" of the time. Diversifying beyond the standard stocks and bonds really shows foresight.

For anyone else reading this and considering platinum or other precious metals for their IRA, always good to remember to check if your custodian handles it. Not all do, so it's a key first step! The IRS has some good info on what's allowed.