Thinking about platinum for my IRA – what's the deal with it now?

Gary Stewart

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Thinking about platinum for my IRA – what's the deal with it now?

gary_stewart📊Growing (50-100k)

about 6 hours ago

Key Takeaways

•Been looking at platinum lately for my Gold IRA and wondering what you all think.
•I've got about $70k in gold right now, all in physical coins and bars.
•Most of it I rolled over from an old 401k a few years back when I started seeing inflation creeping up.

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Been looking at platinum lately for my Gold IRA and wondering what you all think. I've got about $70k in gold right now, all in physical coins and bars. Most of it I rolled over from an old 401k a few years back when I started seeing inflation creeping up. Being in agriculture here in Fresno, I've always believed in tangible assets – something you can hold, not just numbers on a screen. Gold has been good to me, but I'm trying to diversify a little more within the precious metals space.

Platinum seems to be trading at a pretty significant discount to gold right now. I remember back in the day, platinum was always more expensive. My dad used to talk about it being the "rich man's gold." What changed? Is this just a temporary dip because of the auto industry slowing down, or is there something more fundamental happening? I'm trying to figure out if this is a genuine opportunity to pick up something undervalued for a long-term hold in my IRA.

My concern is that it's not as liquid as gold or even silver, especially when you're talking about taking distributions down the road. I'm not planning on touching this for at least another 10-15 years, so I'm not looking for short-term gains, but still. On the other hand, the applications in hydrogen fuel cells and other green tech could really see demand spike in the future. Has anyone here added platinum to their Gold IRA recently? What was your reasoning? Are you buying coins or bars?

I'm looking at maybe putting another $10k-$15k into it, depending on what I hear. My broker has been pushing palladium a bit more, but something about platinum just feels... more solid. I know it's a different metal, but it’s still considered part of that "noble" group. Interested to hear any insights you guys have, especially those of you who've been in the game longer than me. Appreciate any thoughts!

3 comments

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Best Answer▲ 10 upvotes

maria_campbell📊Growing (50-100k)

I hear you on the diversification, and platinum definitely has its industrial uses. But for an IRA, I'm personally still a bit hesitant. The market for platinum is just so much smaller and less liquid than gold or even silver. If you needed to sell a significant chunk in a pinch, it could be a tougher road than with your current gold holdings. Just something to consider before making a big move!

Comments (3)

sharon_evans💰Established (100-250k)Real Investor•less than a minute ago

Hey, totally get where you're coming from. I actually had a similar thought process last year with palladium. Had a good chunk in gold and was eyeing palladium for some diversification, thinking it might have more upside at the time. Ended up sticking with gold and silver for now, but the idea of adding another precious metal to the mix is definitely appealing. Keep us updated on what you decide!

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

Interesting! You mentioned most of your current gold holdings are in physical coins and bars. If you were to add platinum, would you also be looking at physical platinum coins/bars, or are you considering other forms like ETFs or even mining stocks for the platinum exposure?