Thinking about platinum as the next big thing, anyone else?

Sharon Evans

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Thinking about platinum as the next big thing, anyone else?

sharon_evans💰Established (100-250k)

about 4 hours ago

Key Takeaways

•They’ve always been big believers in tangible assets, and it’s served me well so far.
•My current portfolio is almost entirely gold, with a little bit of silver I snagged during a dip.
•I remember when palladium absolutely rocketed, and I kicked myself for not being in on that action.

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Been seeing a lot of chatter lately about platinum potentially being undervalued, and it’s got me seriously considering if now's the time to make a move. For context, I’ve got about $180k in my Gold IRA right now, which I’ve built up over the last five years thanks to some amazing advice from the execs at the oil company where I’m a secretary here in Tulsa. They’ve always been big believers in tangible assets, and it’s served me well so far.

My current portfolio is almost entirely gold, with a little bit of silver I snagged during a dip. But the more I read, especially about platinum's industrial demand and its price history compared to gold and even palladium, the more compelling it becomes. I remember when palladium absolutely rocketed, and I kicked myself for not being in on that action. Don't want to make the same mistake twice.

What are your thoughts? Are we looking at a genuine opportunity here, or is it just a lot of hype? I’m thinking of allocating maybe 10-15% of my IRA into platinum if I decide to pull the trigger. It feels like a smart diversification play, especially if the global economy picks back up and industrial demand really starts to surge.

Any Tulsa folks here who've invested in platinum? Or anyone with experience adding it to their precious metals IRA? Would love to hear some real-world experiences and opinions before I talk to my custodian. Is it a good long-term hold, or more of a speculative short-to-medium play?

5 comments

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Best Answer▲ 5 upvotes

joshua_phillips🏆Advanced (250-500k)

Interesting thought! Are you talking about allocating a portion of your existing Gold IRA to platinum, or are you considering a separate Platinum IRA entirely? Just curious about the logistics there.

Comments (5)

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

Totally get where you're coming from! My buddy actually went pretty heavy into platinum a few years back, like 2019ish, because he had a similar gut feeling. It’s been a bit of a rollercoaster for him, but he’s still holding strong. Definitely an interesting metal to watch.

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

Interesting thought! Are you talking about allocating a portion of your existing Gold IRA to platinum, or are you considering a separate Platinum IRA entirely? Just curious about the logistics there.

matthew_murphy👑Elite (1m-5m)Real Investor•less than a minute ago

Interesting thought, OP. While platinum definitely has its industrial uses and *could* see a boost, I'm personally still a gold bug for the long haul. Platinum's price can be pretty volatile and heavily tied to auto manufacturing, which introduces a different kind of risk than gold's more traditional safe-haven status. Just something to consider when you're looking at your portfolio's stability.

janet_cook📊Growing (50-100k)•less than a minute ago

Hey, interesting thought process! Platinum definitely has some unique industrial demand that could make it an interesting play. Just a quick tip: if you're looking into adding platinum to your IRA, make sure it's *IRA-approved* platinum bullion. Not all platinum products qualify, and you wouldn't want any surprises down the line. You can usually find a list of approved metals on your custodian's website or a quick search for "IRS approved platinum coins/bars" will often pull up good info. Good luck with your research!

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

Totally agree, I've been feeling the same!

I don't have anywhere near your gold IRA balance, but I was just looking at platinum's industrial demand and it seems like there's a lot of potential there. The supply side also looks interesting with some of the recent geopolitical stuff. Definitely on my radar too.

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