Thinking about platinum for my IRA – anyone else seeing

Susan Clark

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Thinking about platinum for my IRA – anyone else seeing

susan_clark💰Established (100-250k)

about 2 months ago

Key Takeaways

•Okay, so I've been eyeing platinum pretty hard lately for my Gold IRA.
•I'm based in Minneapolis, and honestly, the thought of trying to time the market for something like platinum is making my head spin a little.
•Does anyone else feel like it's being slept on?

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Okay, so I've been eyeing platinum pretty hard lately for my Gold IRA. With everything going on, especially in the auto industry (catalytic converters, clean energy push, etc.), it really feels like platinum is just… undervalued right now. I’m sitting on about $180k in my IRA, mostly gold, and I’ve been thinking about diversifying into something with some serious growth potential before I pull the trigger on an early retirement in the next 7-8 years. I'm based in Minneapolis, and honestly, the thought of trying to time the market for something like platinum is making my head spin a little.

My gut instinct, after doing what feels like a bazillion hours of research, is that platinum has a much higher industrial demand compared to gold, and that demand is only going to grow with green tech. Does anyone else feel like it's being slept on? Or am I just getting tunnel vision from looking at too many charts? I know gold is the traditional safe haven, and I'm not looking to dump it all, but a significant portion for platinum just seems smart right now.

It brings up a good point about overall retirement planning, too. I've been using that RMD Calculator to project my required minimum distributions for when I do retire, just so I can get a realistic picture of what my golden years will actually look like. It's been super helpful in understanding the tax implications of shifting assets. But man, the thought of trying to rebalance with platinum and predict its future value in that context is a whole different beast.

Anyone here actually hold platinum in their self-directed IRA? Or has anyone considered adding it recently? What are your thoughts on its potential in the coming years? Is there something I'm missing that’s keeping its price lower than it "should" be?

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3 comments

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Best Answer▲ 8 upvotes

christopher_young🌟Ultra (5m+)

Totally get where you're coming from! I had a similar thought process a few years back with silver. Everyone was talking gold, gold, gold, and I just kept looking at silver thinking, "This has to pop eventually." It did, for me anyway. Platinum definitely has some interesting industrial uses that could really drive demand. Good luck with whatever you decide!

Comments (3)

christopher_young🌟Ultra (5m+)Real Investor✓ Verified•about 2 months ago

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

Super interesting take! I've definitely heard some buzz around platinum. When you say "everything going on," are you referring specifically to the increased demand from catalytic converters, or are there other factors you're looking at that make you feel it's undervalued?

brian_edwards🌟Ultra (5m+)Real Investor✓ Verified•about 2 months ago

Honestly, while I get the appeal and the industrial demand angle for platinum, I'm a bit more cautious. "Undervalued" has been the buzzword for platinum for a while now, and it hasn't exactly shot to the moon. Gold and silver still feel like the more reliable play for the "IRA" part of a precious metals portfolio. Platinum's volatility can be a double-edged sword, and its industrial ties mean it's more susceptible to economic downturns than gold, which often thrives in uncertainty. Just something to consider before diving in too deep.

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