Thinking about Platinum for the IRA - good move or nah?

Nancy Hall

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Thinking about Platinum for the IRA - good move or nah?

nancy_hall💰Established (100-250k)

about 2 months ago

Key Takeaways

•Okay, so I've been doing my usual deep dive into my portfolio, as one does, and I keep circling back to platinum.
•My Gold IRA is sitting pretty well, probably around the $180k mark right now after some steady contributions over the years.
•I'm a healthcare administrator here in Tampa, so stability is a big deal for me, and gold has always been that rock.

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Okay, so I've been doing my usual deep dive into my portfolio, as one does, and I keep circling back to platinum. My Gold IRA is sitting pretty well, probably around the $180k mark right now after some steady contributions over the years. I'm a healthcare administrator here in Tampa, so stability is a big deal for me, and gold has always been that rock. But lately, I’m seeing platinum prices hovering around the $900-$1000/oz range, which just feels... low, especially compared to gold.

Historically, platinum has often traded at a premium to gold, right? I remember checking prices back when I first got into precious metals, and platinum was usually significantly higher. Now, it seems like a complete flip. I get that industrial demand plays a huge role with platinum, and the auto industry has had its ups and downs. But with the push towards green tech and hydrogen fuel cells, which I know use platinum group metals, isn't there a really strong potential for a rebound?

I'm contemplating adding a small percentage of platinum to my Gold IRA, maybe 5-10% of my precious metals allocation when I make my next contribution later this year. I'm not looking to dump all my gold, because honestly, that shiny yellow metal just feels safe, and it's done wonders for my long-term peace of mind. But the idea of buying into something that could be significantly undervalued right now is really tempting. Am I crazy for thinking this could be a smart contrarian play?

Has anyone else in a similar boat considered diversifying into platinum within their precious metals IRA? What are your thoughts on its long-term prospects, especially with the green energy revolution kicking into high gear? I’d love to hear some perspectives, both pro and con, before I start crunching numbers more seriously with my custodian.

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5 comments

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Best Answer▲ 18 upvotes

linda_taylor📊Growing (50-100k)

Honestly, platinum's a tough one. I dipped my toes in it back in 2018, thought it was undervalued compared to gold and palladium. Poured about 10% of my then-$60k portfolio into it, probably around $6k-$7k. Watched it mostly flatline for a year before selling at a slight loss to roll it into more silver when things got volatile. Ended up being a decent move, but that platinum experience left a sour taste. It just felt… sluggish, you know? Like it was waiting for a global shift that never really materialized for my timeline.

Comments (5)

ronald_morris👑Elite (1m-5m)Real Investor•about 2 months ago

Interesting thought! I actually looked into platinum a few years back for my own IRA, mainly because of the industrial demand angle. My thought was if the gold and silver markets were getting too crowded, platinum might be a nice alternative for diversification.

I ended up sticking with gold and silver for now, mostly due to liquidity concerns at the time, but I've always kept an eye on platinum. Definitely curious to hear what others here think about it for an IRA!

thomas_walker🏆Advanced (250-500k)Real Investor✓ Verified•about 2 months ago

Interesting! You mentioned your Gold IRA is around $180k. Curious, what percentage of that is currently allocated to physical gold vs. other precious metals like silver, if any?

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

Interesting thought on the platinum, OP. While diversification is generally a good idea, putting platinum into an IRA might be a bit more niche than you're thinking. It's not always as liquid as gold or silver, and the price can be a bit more volatile due to industrial demand influencing it more heavily. Have you looked into the specific premium costs for IRA-approved platinum products? Sometimes those can eat into your returns more than you'd expect compared to gold.

linda_taylor📊Growing (50-100k)✓ Verified•about 2 months ago

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

I've been holding physical gold in my IRA for a while now, and recently looked into expanding into platinum or palladium. With the recent run-up in palladium prices, it seems like platinum is the next logical step from an industrial demand perspective. Has anyone here actually *diversified* into platinum within their Gold IRA, beyond just holding gold and silver? Curious to hear about the specific custodians that facilitated that for you smoothly, especially for someone based in Spokane. Did you see a noticeable difference in fees or storage costs compared to just gold?

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