Thinking about Platinum: Is it the next big move for precious metals?

Donald Nelson

Back to forum

🥈 Silver Coins

Thinking about Platinum: Is it the next big move for precious metals?

donald_nelson💎Premium (500k-1m)

about 1 month ago

Key Takeaways

•Been seeing a lot of chatter lately about platinum and it's got me wondering.
•I’ve had the bulk of my portfolio, probably around $700k right now, tied up in gold for the last two decades.
•Saw some good runs, saw some dips, but overall it’s been a rock-solid foundation for my retirement after 30 years with Ford.

Compare top Gold IRA companies — free

Been seeing a lot of chatter lately about platinum and it's got me wondering. I’ve had the bulk of my portfolio, probably around $700k right now, tied up in gold for the last two decades. Saw some good runs, saw some dips, but overall it’s been a rock-solid foundation for my retirement after 30 years with Ford. My Gold IRA especially has been a steady earner.

I know this is the Silver Coins sub, but you guys are savvy about all precious metals, so I figured I’d ask. With gold at these levels and frankly, feeling a little… stagnant… compared to where it was running a few months ago, I'm starting to think about diversifying a bit. I’m comfortable with gold, but my gut is telling me there might be an opportunity with platinum. It’s been trading pretty low compared to gold for a while now, and with increasing industrial demand, especially in things like hydrogen fuel cells and catalytic converters (something I know a thing or two about from my time in the auto industry), it feels like it could be undervalued.

Am I crazy for thinking this? I’m based out of Detroit, so I'm always plugged into the auto sector, and the push for cleaner tech makes platinum’s industrial uses really stand out to me. Are any of you long-time investors holding platinum? What's your take on its potential right now? Are we looking at a significant upside, or is it just wishful thinking on my part?

140

3 comments

The retirement loophole most advisors won't mention

You can move your 401(k) into physical gold — tax-free. Here's the step-by-step guide.

Under $100k? Compare options →

505 people viewed this today66 members requested a free kit this week100 investors bookmarked this

Best Answer▲ 10 upvotes

ruth_perez📊Growing (50-100k)

Dude, I'm right there with you. My dad was huge on gold, so I followed suit for most of my early investing. Then I started seeing the same platinum chatter, and honestly, after a good amount of research (and a few late-night rabbit holes), I dipped my toes in last year. So far, no regrets, but definitely not a "jump all in" situation for me yet. Just diversifying a bit!

Comments (3)

ruth_perez📊Growing (50-100k)•about 1 month ago

dorothy_lopez💰Established (100-250k)Real Investor•about 1 month ago

Interesting post! When you say "chatter," are you seeing this specifically in investment circles, or more broadly in general financial news/sentiment? Just curious about the source of the growing interest you're noticing.

christopher_young🌟Ultra (5m+)Real Investor✓ Verified•about 1 month ago

I hear you on the platinum buzz, and it's definitely an interesting metal. But with $700k already in gold, and after two decades, are you sure you want to pivot *away* from what's been a rock-solid performer for you? Gold's track record as a safe haven is honestly unmatched. Platinum has its industrial uses, which can be a double-edged sword when economic times get tough.

Just food for thought! While diversification is great, sometimes sticking with what you know and trust, especially for retirement funds, isn't a bad play.

Considering a Gold IRA for your retirement?

Get a free info kit from a top-rated company — trusted by thousands of investors.

Under $100k? Compare options →