Thoughts on Platinum - Looking to diversify outside of just gold and silver?
- •Currently, almost all of my ~$80k portfolio is split between gold and silver.
- •I inherited a good chunk of it — what my late husband, bless his heart, had carefully built up over the years.
- •He was such a shrewd investor, and I feel a real responsibility to grow what he left for me, not just maintain it.
I’ve been seeing a lot of chatter lately about platinum potentially being undervalued, and it's making me wonder if it’s a good time to consider adding some to my precious metals portfolio. Currently, almost all of my ~$80k portfolio is split between gold and silver. I inherited a good chunk of it — what my late husband, bless his heart, had carefully built up over the years. He was such a shrewd investor, and I feel a real responsibility to grow what he left for me, not just maintain it.
My Gold IRA is with Augusta Precious Metals, and they’ve been fantastic. When I first started working with them, my primary focus was on replicating his gold and silver holdings. But lately, with all this talk about industrial demand for platinum, especially with green energy and hydrogen fuel cells, it seems like there's a strong case for future growth. It's almost always traded at a premium to gold, and now the prices are pretty close.
It's a big decision, especially since expanding beyond gold and silver feels like uncharted territory for me. I live in Raleigh, NC, and I've been considering setting up a meeting with my Augusta contact to discuss it more seriously. Does anyone here have platinum in their IRA? Have you seen good returns, or has it been more volatile than you expected? I’m particularly interested in hearing from anyone who has diversified into platinum recently. Is it a good idea to put, say, 10-15% of my portfolio into platinum, or should I stick to gold and silver as a widow trying to protect her late husband's legacy?