Thoughts on platinum's current price - seriously
- •Been watching platinum lately and I can't help but feel it's screaming "buy me" to anyone who'll listen.
- •I’ve owned a decent chunk of physical platinum for a while now, along with my gold and silver, both inside and outside my IRA.
- •For context, I’m retired now, living comfortably in Palm Beach, and have been actively investing in precious metals for close to 25 years.
Been watching platinum lately and I can't help but feel it's screaming "buy me" to anyone who'll listen. I’ve owned a decent chunk of physical platinum for a while now, along with my gold and silver, both inside and outside my IRA. For context, I’m retired now, living comfortably in Palm Beach, and have been actively investing in precious metals for close to 25 years. My metals allocation alone is well into the seven figures. I remember when palladium was trading neck-and-neck with gold, and platinum was significantly above it. Now, the tables have turned dramatically.
I get the industrial demand narrative for platinum – autos and whatnot – and the worries about EVs impacting long-term demand. But even with that, the current price just seems out of whack compared to historical averages, not to mention its scarcity relative to gold. It's almost trading like silver, yet it's so much rarer. I've been slowly adding to my position over the past year, especially on dips, feeling like I'm picking up dimes for nickels. My IRA is heavily weighted in gold, but I've got a decent platinum allocation as well, and I'm contemplating if now's the time to seriously increase that percentage within my self-directed IRA.
For those of you with significant platinum exposure, particularly in an IRA, what's your thesis here? Are you seeing the same disparity, or am I wearing rose-tinted glasses from my veranda? I'm always running numbers through the Gold IRA Calculator to get a sense of potential returns and how different allocations might perform over time within my IRA. It’s pretty useful for visualizing scenarios. Is platinum truly undervalued, or am I missing some critical piece of the puzzle that explains its persistently lower price point? Would love to hear some diverse perspectives on this one.