Wild ride with platinum lately, but I'm holding strong

Brian Edwards

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Wild ride with platinum lately, but I'm holding strong

brian_edwards🌟Ultra (5m+)

1 day ago

Key Takeaways

•Platinum's been a bit of a rollercoaster these past few months, hasn't it?
•With my real estate developments, I'm used to seeing market ups and downs, but sometimes the commodities market feels like it has a mind of its own.
•My initial investment in platinum was about $750k a few years back, just under 15% of my overall metals holdings.

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Platinum's been a bit of a rollercoaster these past few months, hasn't it? I know we're mostly a gold forum here, but I've got a decent chunk of my precious metals portfolio in platinum through my IRA, and it's been interesting to watch.

With my real estate developments, I'm used to seeing market ups and downs, but sometimes the commodities market feels like it has a mind of its own. I've always viewed platinum as more industrial, and I keep an eye on manufacturing and auto industry news, but the price swings can still catch you off guard. My initial investment in platinum was about $750k a few years back, just under 15% of my overall metals holdings. I’m pretty heavy into gold, obviously, but diversified into platinum and some palladium as well. I'm based out of Aspen, and while the real estate here has been booming, I like having that hard asset hedge against everything else.

My strategy has always been long-term with these metals. My financial advisor and I set these accounts up years ago, and my plan was always to hold, maybe add on significant dips. I actually bought a bit more platinum when it dipped below $900 earlier this year, just a modest $50k purchase. It feels good now that it's bounced back a bit. Anyone else here making similar moves or feeling a bit antsy with the current volatility? What’s your conviction like on platinum for the next 12-24 months?

5 comments

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Best Answer▲ 10 upvotes

linda_taylor📊Growing (50-100k)

Totally feel you on the platinum rollercoaster! It's been a wild one. Since you're holding strong, it might be worth checking out some of the long-term outlook reports from the World Platinum Investment Council (WPIC). They often have some good insights into industrial demand and supply forecasts that can be super helpful for understanding the bigger picture beyond the daily swings. Keep at it!

Comments (5)

william_davis💎Premium (500k-1m)Real Investor•about 22 hours ago

Totally feel this! I dipped my toes into platinum a few years back, not a huge amount, but enough to notice the swings. It was a bit nerve-wracking for a while there, thought I'd made a mistake. But, like you, I decided to hold steady, and it's been slowly paying off. Definitely a different beast than gold, but it's got its own charm, haha.

richard_garcia👑Elite (1m-5m)Real Investor•about 22 hours ago

Totally! Platinum's been a wild one. I'm curious, what made you decide to go with a "decent chunk" of platinum compared to gold or even silver in your IRA? Was there something specific that drew you to it?

joshua_phillips🏆Advanced (250-500k)Real Investor✓ Verified•about 22 hours ago

Definitely been a *wild* ride, but I'm actually a little surprised to hear you're holding a "decent chunk" in platinum for an IRA. It tends to be a lot more volatile than gold or even silver, which can be tough to stomach when you're thinking long-term retirement planning. Each to their own, of course, but I'd be looking for a bit more stability in that particular account.

linda_taylor📊Growing (50-100k)✓ Verified•about 22 hours ago

ashley_baker💼Starter (0-50k)✓ Verified•about 22 hours ago

Totally agree, the platinum market has been wild! Glad to hear you're holding strong. I'm in a similar boat, about 15% of my precious metals IRA is in platinum and it's definitely kept things interesting. My financial advisor keeps telling me to think long-term, which is what I'm doing, but man, those daily swings can be something else!

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