Thinking about platinum for my IRA – anyone else seeing the opportunity?

Janet Cook

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Thinking about platinum for my IRA – anyone else seeing the opportunity?

janet_cook📊Growing (50-100k)

about 9 hours ago

Key Takeaways

•Okay, so I’ve been kicking around the idea of adding some platinum to my Gold IRA.
•I run a jewelry store here in Providence, so I'm pretty familiar with the metals market, and honestly, platinum feels *so* undervalued right now.
•Gold is ripping, silver's doing its thing, but platinum just seems to be lagging behind, even with the industrial demand picking up.

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Okay, so I’ve been kicking around the idea of adding some platinum to my Gold IRA. I run a jewelry store here in Providence, so I'm pretty familiar with the metals market, and honestly, platinum feels so undervalued right now. Gold is ripping, silver's doing its thing, but platinum just seems to be lagging behind, even with the industrial demand picking up. My portfolio is probably sitting in the $85k range right now, heavily weighted in gold and some silver Eagles, which have been great, don't get me wrong.

But my gut's telling me there's an opportunity here, especially for long-term growth within the IRA before I hit those RMDs. I'm 52, so I've got a decent run before I need to start thinking about drawing down. Speaking of RMDs, has anyone used that RMD Calculator from GoldIRA Blueprint? I poked around it a bit and it seems pretty handy for planning, but I’m curious if anyone has gone through the process of calculating their future distributions with it and how accurate it felt.

My main concern is liquidity if I need to rebalance, but honestly, it’s going into an IRA, so I'm not really planning on touching it for a while. I'm just looking at the fundamental supply/demand picture, and it just seems off. Am I just falling victim to the "shiny new toy" syndrome because palladium went ballistic a few years back, or is there a genuine case for platinum to close that discount to gold over the next 5-10 years? Would love to hear some thoughts, especially from folks who own it in their IRAs. What’s your experience been, good or bad?

4 comments

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Best Answer▲ 7 upvotes

joseph_harris📊Growing (50-100k)

Hey, I hear you! I actually pulled the trigger on some platinum for my IRA about six months ago. Not in the jewelry business, but I follow the industrial demand a lot, and it just felt like it was due for a correction. So far, so good. Definitely worth looking into, especially if you're already keyed into the metals market.

Comments (4)

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

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

Interesting! So you're thinking about adding platinum to your *Gold* IRA? I was under the impression IRAs are typically "Gold IRAs" and don't necessarily allow other metals without some specific criteria. Is this something your custodian offers, or are you looking at a more general precious metals IRA that happens to be called a "Gold IRA" by most people? Just curious about the logistics there.

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

Interesting take. I get the appeal of something undervalued, especially with your background. But for an IRA, wouldn't the volatility of platinum be a pretty big concern? Gold and silver have a much longer track record as safe-haven assets. Platinum's industrial demand can be a double-edged sword, making it more susceptible to economic downturns. Just something to consider for a retirement account where stability is usually key.

karen_robinson💼Starter (0-50k)•less than a minute ago

Hey, that's an interesting thought about platinum! I've also been eyeing it as a potential diversifier. One thing to keep in mind, especially with IRA rules, is making sure any platinum you buy meets the fineness requirements (usually .9995 pure). It's a bit stricter than gold for some reason.

You might find this guide helpful for understanding the IRS rules around specific precious metals in an IRA: https://www.irs.gov/pub/irs-tege/epchd703.pdf (check page 8 for collectibles/metals). Good luck with your research!

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