Thinking about adding platinum to my IRA - anyone else seeing an opportunity?

Laura Sanchez

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Thinking about adding platinum to my IRA - anyone else seeing an opportunity?

laura_sanchez💰Established (100-250k)

about 10 hours ago

Key Takeaways

•Okay, so I've been eyeing platinum lately and wondering if current prices make it a smart addition to my IRA.
•My Gold IRA is sitting pretty at around $180k right now, mostly physical gold I picked up over the last few years.
•The whole border town hustle here in El Paso, dealing with pesos and dollars, has always made me appreciate tangible assets beyond just paper.

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Okay, so I've been eyeing platinum lately and wondering if current prices make it a smart addition to my IRA. My Gold IRA is sitting pretty at around $180k right now, mostly physical gold I picked up over the last few years. The whole border town hustle here in El Paso, dealing with pesos and dollars, has always made me appreciate tangible assets beyond just paper. Gold has been a rock for me, especially with all the talk about interest rates and inflation.

But platinum... it just feels cheap compared to gold right now. I remember back in the day, platinum was always a premium. You just instinctively knew it was worth more. Now, it's trading at a significant discount. Is this a genuine undervaluation, or is there something fundamental about its industrial demand that I'm missing? I know the automobile industry is a big player in platinum demand, especially with catalytic converters. Are EV trends really hitting it that hard, or is it more of a short-term dip?

I'm contemplating taking about 10-15% of my current IRA and diversifying into platinum, maybe around $20k-$25k worth. I’m not looking to rebalance my whole portfolio, just add a little flavor. My thought process is that if it eventually returns to its historical premium over gold, that's a massive upside. But if it stays depressed, is it just dead money or does it hold its value well enough to still be a solid long-term hold in an IRA? Would love to hear from anyone who's already dipped their toes in platinum for their retirement.

Anyone in this forum actually holding physical platinum in their IRA right now? What are your thoughts on its long-term prospects? Am I being too optimistic imagining a return to its old premium over gold? Or is this a classic case of catching a falling knife?

4 comments

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Best Answer▲ 5 upvotes

christopher_young🌟Ultra (5m+)

Hey, that's a solid portfolio you've got going! Platinum's definitely had a wild ride, and the industrial demand could make it an interesting play going forward. Just a quick thought: have you looked into how diversification with platinum might affect your overall precious metals allocation within the IRA? Some folks find it helpful to use an asset allocation tool to see how adding a new metal impacts their risk/reward balance. Might give you some good insights!

Comments (4)

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

Totally get where you're coming from! I had a similar thought a few months back when palladium took a dip. My gold IRA is pretty solid too, but I was looking for something to diversify a bit more. Ended up putting a small percentage into platinum, and so far, no regrets. It's not a huge mover like some stocks, but it feels like a nice, stable addition.

linda_taylor📊Growing (50-100k)✓ Verified•less than a minute ago

Interesting thought! So you're mostly in physical gold now. Are you thinking about adding physical platinum to your IRA as well, or are you looking at something like platinum ETFs for this?

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

Interesting thought on platinum. While it definitely has its industrial uses and can be more volatile, I'm not entirely convinced it's the *best* option for an IRA right now, especially if you're already holding a good amount of gold. Gold has that long-standing "safe haven" reputation that platinum doesn't quite match in the same way. Plus, the spread on platinum can sometimes eat into your gains. Might be worth considering other precious metals with a more established track record for long-term IRA growth, or even just adding more to your gold position if you're feeling bullish.