Thinking about rebalancing some silver into platinum - thoughts?
- •I’m sitting on a pretty good chunk of silver right now, maybe 20% of my overall metals holdings, probably about $2.5M in those big 1000 oz bars.
- •Been holding most of it since around 2018/2019, grabbed a lot of it when it dipped below $15.
- •Did some light rebalancing into gold back then, but mostly just let it ride.
I’m sitting on a pretty good chunk of silver right now, maybe 20% of my overall metals holdings, probably about $2.5M in those big 1000 oz bars. Been holding most of it since around 2018/2019, grabbed a lot of it when it dipped below $15. Did some light rebalancing into gold back then, but mostly just let it ride. Obviously, it's done well for me, no complaints there.
Lately, though, I've been looking at the platinum market. Seems like industrials could pick up a lot, especially with the EV push that's maybe not as strong as everyone thought and continued demand for catalytic converters etc. Plus, the supply constraints seem like they could be pretty real. I’m thinking about cashing out maybe half of my silver position – so, call it $1.25M – and redirecting all of that into platinum. I’ve never held platinum before, so it’s new territory for me.
Anyone here already in platinum or consider it a good play right now? My long-term view on gold isn't changing, still hold a ton of it in my IRA, but I’m wondering if platinum could offer a better return multiplier over the next 5-7 years than just letting this silver sit there. Or am I just overthinking it because I'm bored and it's ski season in Aspen and the lifts are closed?