Thoughts on platinum as an investment right now? Seems low.

Robert Thompson

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Thoughts on platinum as an investment right now? Seems low.

robert_thompson💰Established (100-250k)

about 2 hours ago

Key Takeaways

•I'm a retired teacher here in Phoenix, started getting into precious metals after the '08 crash, mostly gold initially.
•My Gold IRA is sitting around the low $200k mark right now, and it's been a great hedge for me through some turbulent times.
•I've got a decent chunk in gold, mostly Eagles and a few bars, and a smaller percentage in silver rounds.

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I've been watching platinum prices for a while now and can't help but feel it's pretty undervalued compared to gold, especially considering its industrial uses. I'm a retired teacher here in Phoenix, started getting into precious metals after the '08 crash, mostly gold initially. My Gold IRA is sitting around the low $200k mark right now, and it's been a great hedge for me through some turbulent times.

I've got a decent chunk in gold, mostly Eagles and a few bars, and a smaller percentage in silver rounds. I've been thinking about diversifying some of that into platinum. The gold-to-platinum ratio is looking pretty juicy to me right now. It just seems like platinum hasn't caught the same buzz as gold, but with the push for greener tech and its role in catalytic converters, isn't there a huge demand on the horizon?

Anyone here have significant platinum holdings in their IRA or personal stack? What are your thoughts on its long-term potential? Am I off-base thinking this is a good entry point, or are there underlying factors I'm not considering that are keeping the price down? Would love to hear some perspectives, especially from anyone who's been in this game longer than my dozen or so years.

4 comments

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Best Answer▲ 10 upvotes

steven_mitchell🏆Advanced (250-500k)

Interesting thought about platinum. You mentioned its industrial uses – are there any specific industries you're seeing increased demand from? Wondering if that's what's driving your feeling of undervaluation.

Comments (4)

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

Totally feel this. I actually picked up some platinum a few years back for my precious metals IRA when it dipped. My thought process was similar – industrial demand seemed strong, and the price just felt *off* compared to gold. So far, no regrets. It's been a nice diversifier.

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

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

Totally get where you're coming from with platinum looking low, and it definitely has some interesting industrial applications. But is "low" necessarily "undervalued" in the long run for an investment like a Gold IRA? Gold has that traditional safe-haven status that platinum, despite its unique uses, just doesn't quite replicate during times of economic uncertainty. Food for thought!

patricia_miller📊Growing (50-100k)✓ Verified•less than a minute ago

Hey there! Great question about platinum. You're right, it does seem to be at an interesting price point.

One thing I'd definitely recommend when looking at platinum is to consider its supply and demand dynamics, especially with the push towards cleaner energy. Industrial demand can be a huge factor. You might find some useful insights over at the World Platinum Investment Council's website (platinuminvestment.com) – they have a lot of research and data that could help with your decision-making!

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