Thinking about platinum for an IRA... is it undervalued?

James Wilson

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Thinking about platinum for an IRA... is it undervalued?

james_wilson👑Elite (1m-5m)

about 2 months ago

Key Takeaways

•So, I've had a pretty heavy allocation to gold in my IRA for a while now – probably 20% of my overall portfolio, give or take.
•For me, coming off of Wall Street, it was all about capital preservation once I retired.
•The Gold IRA has been a fantastic way to do that, especially with the inflation we've seen lately.

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So, I've had a pretty heavy allocation to gold in my IRA for a while now – probably 20% of my overall portfolio, give or take. You know, old habits die hard, especially after seeing what the dot-com bubble and then the '08 crisis did to a lot of portfolios that were all-in on equities. For me, coming off of Wall Street, it was all about capital preservation once I retired. The Gold IRA has been a fantastic way to do that, especially with the inflation we've seen lately.

My question for the group: is anyone looking at platinum right now, specifically for IRA inclusion? I’ve been kicking around the idea of diversifying some of my precious metals holdings a bit, and platinum keeps popping up on my radar. Looking at its historical highs compared to where it is now, it certainly feels undervalued. Especially with the industrial demand – catalytic converters, hydrogen fuel cells, etc. – it seems like there’s a strong fundamental case to be made for future price appreciation. I’m wondering if this is a good opportunity to leg into it, or if there’s something I’m missing that’s holding it back.

I’ve been tracking the performance of gold against stocks pretty meticulously using tools like the Gold vs Stocks Comparison on Gold IRA Blueprint – really helps put things in perspective over the long haul. But I don't see a similar tool for platinum, which makes it a little harder to visualize. What are your thoughts on platinum as a long-term hold in an IRA? Are there any specific pitfalls or advantages you’ve encountered with it? Is anyone here in NYC holding platinum in their IRA, and what's been your experience with finding custodians or depositories?

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4 comments

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Best Answer▲ 10 upvotes

david_brown💎Premium (500k-1m)

Interesting thought on platinum. While it definitely has its industrial uses and can be more volatile than gold, I've always seen it as a bit more niche for an IRA. The liquidity and broad market acceptance of gold just seems to make it a more straightforward choice for long-term safe-haven investing, even if platinum looks undervalued right now. Just something to consider!

Comments (4)

michael_anderson🏆Advanced (250-500k)Real Investor•about 2 months ago

Funny, I had a very similar thought process about platinum for my own IRA last year! I was also pretty gold-heavy and started looking at other precious metals as a way to diversify a bit within that category. Platinum definitely caught my eye for the same reasons you're mentioning – industrial demand, supply constraints, and what seemed like a significant discount compared to gold. I ended up pulling the trigger on a small allocation, curious to see how it plays out in the long run.

jason_morgan💰Established (100-250k)Real Investor✓ Verified•about 2 months ago

Interesting thought about platinum. You mentioned sticking with gold because of what happened in the dot-com bubble and '08 – are you seeing similar warning signs or market conditions that are making you consider platinum as a potential hedge now?

david_brown💎Premium (500k-1m)Real Investor•about 2 months ago

Interesting thought on platinum. While it definitely has its industrial uses and can be more volatile than gold, I've always seen it as a bit more niche for an IRA. The liquidity and broad market acceptance of gold just seems to make it a more straightforward choice for long-term safe-haven investing, even if platinum *looks* undervalued right now. Just something to consider!

betty_king📊Growing (50-100k)•about 2 months ago

Hey, that's a solid question about platinum! It definitely has some interesting industrial uses that could make it an intriguing play, especially with the push towards green tech. While gold and silver get most of the IRA spotlight, platinum and palladium are approved too, and often fly under the radar.

One thing to keep in mind is the bid/ask spread on platinum can sometimes be wider than gold, which means you might lose a bit more on the transaction when you buy or sell. It's worth looking into that with any dealer you're considering. Also, the U.S. Mint produces American Platinum Eagle coins, which are a popular option for IRA inclusion if you want a government-backed bullion product.

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