Thinking about platinum – anyone else see a good play here?
- •Okay, so I've been kicking around the idea of adding some platinum to my gold IRA, and I wanted to get some other perspectives.
- •I’m a big believer in real assets, especially with all the uncertainty these days.
- •Being in agriculture here in Fresno, you just see how much gets tied up in paper, and frankly, it makes me nervous.
Okay, so I've been kicking around the idea of adding some platinum to my gold IRA, and I wanted to get some other perspectives. I know most of us here are all about the gold and silver, myself included – got a good chunk of both, probably close to 75k in physical metal spread across my IRA and some at home. I’m a big believer in real assets, especially with all the uncertainty these days. Being in agriculture here in Fresno, you just see how much gets tied up in paper, and frankly, it makes me nervous. We need tangible value, always have.
My advisor and I were looking at some charts earlier this week, and platinum just seems… cheap? Like, historically low compared to gold, and even silver sometimes. I remember back in the day, platinum was always a premium metal, more expensive than gold, but now it's often trading at a discount. It just feels like there’s got to be some upside there, especially with the industrial demand. Are we missing something, or is this a genuine undervalued opportunity waiting to pop?
I know some folks treat platinum more like an industrial metal, but it's still a precious metal, right? Limited supply, global demand, store of value… just with more industrial use cases. I'm trying to balance my current allocation. My portfolio is mostly gold, some silver, and then some diversified stocks outside my IRA. This isn't about replacing anything, just maybe adding 10-15k worth of platinum to the mix if it makes sense.
Anyone else been looking at platinum? What are your thoughts on its long-term potential compared to gold and silver? And has anyone used a tool like the "Silver vs Stocks" comparison on Gold IRA Blueprint when looking at platinum? I normally use it for silver, but wondering if there’s anything similar for platinum to get a real feel for its performance against broader markets in different timeframes. Always appreciate the insights from this community!