Still stacking platinum in my IRA, couldn't be happier with the results
- β’Thought I'd share a quick update on my Platinum IRA, something I started well over a decade ago.
- β’I remember back in the early 2010s, my financial advisor was practically begging me to stick to a 60/40 stock/bond split.
- β’I, on the other hand, was pushing hard to get more substantial exposure to precious metals.
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. Itβs given me a sense of security that frankly, I didnβt 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. Itβs not just about a quick buck; itβs 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? Iβm always curious about what others are seeing in the market.