Thinking about Platinum for my IRA - anyone else seeing value?

Steven Mitchell

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Thinking about Platinum for my IRA - anyone else seeing value?

steven_mitchell🏆Advanced (250-500k)

about 2 hours ago

Key Takeaways

•Been doing a lot of deep dives lately on platinum.
•Been holding gold in my IRA for about 7 years now, and it's definitely been one of my best decisions.
•My concern right now is diversification without compromising on the real asset principle.

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Been doing a lot of deep dives lately on platinum. My Gold IRA is sitting pretty healthy, around $380k right now, mostly in physical gold and some silver, just keeping that hard asset allocation strong. I'm a manufacturing exec here in Cleveland, always been about tangible value, and honestly, the paper markets just don't give me the same peace of mind. Been holding gold in my IRA for about 7 years now, and it's definitely been one of my best decisions.

My concern right now is diversification without compromising on the real asset principle. Gold has done great for me, but I'm looking at platinum and thinking it might be seriously undervalued, especially compared to gold. The industrial demand side of things, particularly with hydrogen technology and catalytic converters (even though EVs are a thing, gas cars aren't going away tomorrow), seems like a strong foundation. But then you also have the jewelry market which can be fickle. It just feels like there's a lot of upside potential given current prices.

Anyone else here weighing up adding platinum to their precious metals IRA? What are your thoughts on its long-term prospects, especially in a world shifting towards more green tech? I used the Gold IRA Calculator to get a sense of how even a modest platinum allocation could impact potential future returns if it does pop, and the numbers are pretty compelling compared to just sticking with more gold or silver. Just curious if I'm overthinking it or if others see the same opportunity.

Are the industrial applications enough to drive significant growth, or is it too niche? Any insights on whether the supply/demand dynamics are truly favoring a breakout? Would love to hear some diverse opinions before I pull the trigger on re-allocating a chunk of my existing IRA funds.

5 comments

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Best Answer▲ 9 upvotes

brian_edwards🌟Ultra (5m+)

Interesting thought! You mentioned you're a manufacturing exec – is that part of what's fueling your interest in platinum? Like, are you seeing something in the industrial demand side that makes it particularly appealing right now?

Comments (5)

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

Totally get where you're coming from with the platinum thought. I actually added a small allocation of it to my Precious Metals IRA a few years back, mostly driven by similar research into its industrial demand. Gold has always been my bedrock, but it felt good to diversify a touch within the metals space. No regrets so far, it's been a pretty steady performer in my portfolio.

brian_edwards🌟Ultra (5m+)Real Investor✓ Verified•less than a minute ago

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

Interesting thought on platinum. While I get the appeal of diversification and its industrial uses, I kinda see it as a different beast compared to gold for IRA purposes. Gold has that long-standing, undeniable global store-of-value reputation that platinum just doesn't quite match, at least not yet. It feels a bit more speculative to me for a retirement account, whereas gold feels like the ultimate safe haven.

I mean, if you're looking for something with a bit more industrial upside than gold, silver is right there and has centuries of monetary history too. Platinum's value seems heavily tied to very specific industries, which could be a double-edged sword in a volatile market. Just my two cents!

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

Hey, that's an interesting thought process on platinum! It definitely has strong industrial demand which is a big plus. If you're looking for another good resource to compare platinum with gold and silver specifically for IRA purposes, I found this article from a company called Augusta Precious Metals really helpful for breaking down the pros and cons of each metal within an IRA. Might give you some more angles to consider before you make a move.

kenneth_parker💎Premium (500k-1m)Real Investor✓ Verified•less than a minute ago

Totally agree with you on this. Platinum’s been on my radar too. My Gold IRA is a bit smaller than yours, around $250k, but I've been eyeing platinum for a while now for a similar reason – the industrial demand just seems solid. Plus, that Gold/Platinum ratio feels like it’s screaming undervaluation right now.

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