Thinking about adding platinum to my precious metals portfolio – anyone here gone all in?
- •Been a Gold IRA guy for a while now, probably have close to $400k in various gold bullion and some choice coins in that account.
- •Started my construction company here in Chicago about 8 years ago, and I've always just felt better about tangible assets.
- •You can see it, you can hold it (well, my custodian can), it's not some magic number on a screen that can vanish overnight.
Been a Gold IRA guy for a while now, probably have close to $400k in various gold bullion and some choice coins in that account. Started my construction company here in Chicago about 8 years ago, and I've always just felt better about tangible assets. You can see it, you can hold it (well, my custodian can), it's not some magic number on a screen that can vanish overnight. Real estate, gold, heavy machinery – that’s my kind of investment.
Lately, though, I've been doing a lot of reading about platinum. I’ve always lumped it in with palladium as "industrial metals," but the more I dig, the more I see unique arguments for platinum as both an industrial and a true precious metal. Its rarity, the automotive demand (which is coming back strong with EV catalysts too, right?), and the investment demand for a true alternative to gold and silver. My portfolio is pretty heavily weighted to gold, and I’m starting to wonder if I’m missing a trick by not diversifying into another physical asset that seems to have a lot of upside potential.
My current thought is to start small – maybe roll over 5-10% of my Gold IRA into a Platinum IRA. Does anyone here have direct experience with significant platinum holdings in their retirement accounts? Did you regret it? I'm curious about the liquidity too; is it as easy to buy and sell as gold or silver if I ever needed to rebalance? Just trying to gauge if I'm overthinking this or if there's a good reason more people aren't talking about it as much as they do gold and silver.