Thinking about diversification - platinum as an alternative?

Patricia Miller

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Thinking about diversification - platinum as an alternative?

patricia_miller📊Growing (50-100k)

2 days ago

Key Takeaways

•Okay, so I've been dipping my toes into the Gold IRA world for about six months now.
•Got about $75k in physical gold , which feels pretty good, especially with all the economic uncertainty lately.
•I run a small design firm here in Denver, and let's just say diversifying outside of traditional stocks has been a growing priority.

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Okay, so I've been dipping my toes into the Gold IRA world for about six months now. Got about $75k in physical gold, which feels pretty good, especially with all the economic uncertainty lately. I run a small design firm here in Denver, and let's just say diversifying outside of traditional stocks has been a growing priority.

I was just looking at some charts and platinum has really taken a hit compared to gold and silver. It's got me wondering if it's seriously undervalued right now. I know it's got industrial demand, especially in catalytic converters, but also jewelry, right? So it’s not just a pure industrial metal. I’m not looking to dump my gold, because that's my main hedge, but I’ve got some extra cash I’m thinking about putting into my IRA and platinum seems like a potential dark horse candidate for some of that.

Anyone here diversified into platinum an any meaningful way within their IRA? Are there specific types of platinum coins or bars that are generally recommended for IRA inclusion? Are the premiums similar to gold, or generally higher/lower? I used that Gold IRA Calculator last week to get a sense of where my gold account could be in 5-10 years, and it got me thinking about what adding platinum might do to that potential return. Any thoughts on its long-term prospects versus gold or even silver?

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4 comments

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Best Answer▲ 7 upvotes

william_davis💎Premium (500k-1m)

Hey, totally get where you're coming from! I had a similar thought process a few years back. Started with gold, then looked at platinum. Ended up adding some to my IRA, and honestly, no regrets. It's done pretty well and feels like a good extra layer of diversification beyond just gold. Good luck with your decision!

Comments (4)

william_davis💎Premium (500k-1m)Real Investor•2 days ago

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

That's a nice chunk of change in gold already! When you mentioned platinum, are you thinking specifically of platinum coins, or were you also considering platinum bars? I know some folks prioritize portability/smaller denominations, others just want the weight. Curious what your thought process is there.

janet_cook📊Growing (50-100k)•2 days ago

Interesting thought process, and congrats on getting started with your Gold IRA! $75k is a decent chunk of change to have in physical. While platinum *can* be an interesting play, I'd probably lean towards silver before platinum if the goal is diversification within precious metals and a bit more accessible liquidity. Platinum's industrial demand can make it a bit more volatile, and the buy/sell spreads might be a bit wider than you'd expect compared to gold or even silver. Just something to consider before diving in!

janet_cook📊Growing (50-100k)•2 days ago

Hey, that's a smart move thinking about platinum for diversification! While it's rarer than gold and has industrial uses beyond investment, it's worth noting the price can be a bit more volatile due to those industrial demands.

You might want to check out some of the articles comparing gold and platinum's historical performance in an IRA. Sites like SRSrocco Report often have good deep dives into the precious metals market trends that could give you more to chew on.

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