Thinking platinum for my Gold IRA rollover - anyone else looking at it?

Carol Carter

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Thinking platinum for my Gold IRA rollover - anyone else looking at it?

carol_carter💰Established (100-250k)

about 7 hours ago

Key Takeaways

•I'm looking at rolling over another chunk, probably around $30k-$40k, and my advisor brought up platinum as an option alongside gold and silver.
•Historically, platinum has traded at a premium to gold, and seeing how it's been performing lately, it feels like it could be undervalued.
•My Gold IRA currently holds about $150k, mostly in gold coins and some silver bars.

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So, I'm sitting here in Omaha, crunching numbers for my retirement portfolio (which is mostly 401k/Roth from my insurance agent gig, but I've got about 15% dedicated to precious metals). I'm looking at rolling over another chunk, probably around $30k-$40k, and my advisor brought up platinum as an option alongside gold and silver. Historically, platinum has traded at a premium to gold, and seeing how it's been performing lately, it feels like it could be undervalued.

My Gold IRA currently holds about $150k, mostly in gold coins and some silver bars. I'm trying to diversify without going too wild. The industrial demand for platinum, especially with green energy and catalytic converters, has me thinking there's a strong fundamental case there. But of course, there's always the volatility. I remember back in the early 2000s when platinum was flying high, and now it's just not quite there. Is it a sleeping giant, or is the market signaling something else?

It's tempting to just stick with gold, which has been a steady ship through all sorts of economic storms. But the idea of grabbing platinum while it's "cheap" relative to gold is really sticking with me. Anyone else here in a similar boat, considering adding platinum to their precious metals IRA? Or have any of you already taken the plunge? What are your thoughts on its long-term prospects, especially for a rollover amount like this?

5 comments

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Best Answer▲ 10 upvotes

jason_morgan💰Established (100-250k)

Yo, funny you posted this. I was just having a similar convo with my advisor last week! I've been mostly gold in my precious metals allocation, but she brought up platinum too, especially with how the industrial demand seems to be shaping up. I'm definitely intrigued, but still doing my own research before pulling the trigger. Good luck with your decision!

Comments (5)

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

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

Hey, that's interesting about platinum. When you say your advisor brought it up, were they specifically suggesting it for the "Gold IRA" part, or more as a general precious metals investment? Just curious about how it fits into the typical IRA custodian rules for metals.

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

That's an interesting thought with platinum, especially with its industrial applications. However, I've always leaned more towards silver for that very reason. It also has strong industrial demand, but the price point is usually more accessible, allowing for a larger quantity to be held. Plus, in a real economic downturn, silver often performs quite well as a more affordable, tangible asset. Just something to consider!

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

Hey, that's an interesting thought process on incorporating platinum! It definitely has its own unique market dynamics compared to gold and silver. Since you're weighing the pros and cons, you might find this article on the differences between platinum and palladium for IRA investing helpful: Investopedia: Platinum vs. Palladium for Your IRA. It breaks down some of the industrial demand vs. investment demand aspects that are good to consider.

ruth_perez📊Growing (50-100k)•less than a minute ago

Totally agree with looking beyond just gold! Platinum's been on my radar too, especially with the industrial demand side of things. I actually diversified my last rollover, went about 60% gold, 30% silver, and tossed the remaining 10% into platinum. Figured it was a good way to test the waters without going all-in. So far, no regrets!

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