Thinking Platinum for my IRA – anyone else seeing the opportunity?

Mark Adams

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Thinking Platinum for my IRA – anyone else seeing the opportunity?

mark_adams👑Elite (1m-5m)

about 5 hours ago

Key Takeaways

•Been doing a deep dive into the precious metals market this past week and honestly, platinum just keeps catching my eye.
•Gold is running hot, palladium is… well, palladium, but platinum is lagging.
•It's almost at a discount to gold, which historically is just wild to me.

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Been doing a deep dive into the precious metals market this past week and honestly, platinum just keeps catching my eye. Given its industrial demand, especially with the push towards cleaner energy (think fuel cells and catalytic converters), and its historical price relationship with gold and palladium, it feels massively undervalued right now. Gold is running hot, palladium is… well, palladium, but platinum is lagging. It's almost at a discount to gold, which historically is just wild to me.

My current allocation is heavily weighted towards physical gold, mostly held in my Delaware vault and some within my IRA. We're talking a decent chunk, high six figures, low seven if you count the whole pie. I’m thinking about rotating maybe 10-15% of my non-gold precious metals exposure into platinum within my IRA. The tax advantages there are obviously a no-brainer, and with the lower price point, I can acquire a significant amount more by weight than I could with gold for the same capital outlay.

Am I crazy for thinking this is a screaming buy? I know the automotive sector has its ups and downs, but the long-term outlook for green tech seems to be a powerful tailwind. Also, supply constraints from South Africa remain a constant factor. Does anyone here have a significant platinum allocation in their IRA? What's your thesis? Any pros or cons I might be overlooking besides the usual price volatility? Always good to get some diverse perspectives beyond my usual Greenwich circle.

3 comments

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Best Answer▲ 8 upvotes

catherine_bell🏆Advanced (250-500k)

Interesting take! While platinum's industrial demand is definitely a factor, I'm a bit more cautious about its long-term IRA potential right now. The automotive industry, while embracing cleaner tech, is also heavily investing in battery electric vehicles, which don't use catalytic converters. That could put some downward pressure on platinum demand in the future. Just something to consider alongside the industrial upside.

Comments (3)

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

Totally get where you're coming from! I actually snagged some platinum for my self-directed IRA last year for pretty much the same reasons. The industrial demand and the discount to gold felt like a no-brainer. Curious to see how it plays out, but I'm feeling good about it long-term.

donald_nelson💎Premium (500k-1m)Real Investor✓ Verified•less than a minute ago

Interesting thought! So you're thinking about platinum primarily for its industrial demand and future-facing applications. What's your take on its volatility compared to gold, especially given its smaller market and how that might impact an IRA?