π₯ Active Debate
Controversy Level: 7/10
Gold at $2,500+ is too expensive to buy now
Look, I'm going to say what everyone's thinking but afraid to say: Gold IRAs are boomer advice that doesn't apply to millennials.
I'm 32. I have 30+ years until retirement. Why would I lock up money in gold that historically returns 8% when I could be in index funds returning 10-12%?
The math doesn't add up. Gold is for people scared of their own shadow, not for young investors with time horizons.
Change my mind.
11 comments6 participantsHigh engagementabout 1 month ago
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11 comments
CL
charles_lewis
π Premium
about 1 month ago
Genuinely curious β has anyone here actually tried to liquidate from their gold IRA? How smooth was that process?
+11
CB
catherine_bell
π Advanced
about 1 month ago
Interesting take. I've heard the opposite from a few people though β would love to see some actual numbers on this.
+3
CC
carol_carter
π° Established
about 1 month ago
Just started my rollover process last month. The paperwork alone almost made me quit lol.
+19
FR
frank_rivera
π Premium
about 1 month ago
Genuinely curious β has anyone here actually tried to liquidate from their gold IRA? How smooth was that process?
+5
SG
sandra_green
π Growing
Verified
about 1 month ago
Ngl I came here expecting the usual affiliate spam but the discussions are actually decent. Way better info than what I was getting from my old advisor.
+2
DN
donald_nelson
π Premium
Verified
about 1 month ago
Interesting take. I've heard the opposite from a few people though β would love to see some actual numbers on this.
+1
MC
michelle_collins
π Advanced
about 1 month ago
Genuinely curious β has anyone here actually tried to liquidate from their gold IRA? How smooth was that process?
+8
MA
michael_anderson
π Advanced
about 1 month ago
Been looking into this myself β the fees on some of these custodians are wild. Anyone found one that doesn't gouge you?
+14
JP
joshua_phillips
π Advanced
Verified
about 1 month ago
Ngl I came here expecting the usual affiliate spam but the discussions are actually decent. Way better info than what I was getting from my old advisor.
+8
GS
gary_stewart
π Growing
about 1 month ago
I was pretty skeptical about another gold IRA forum but the tools here on GIRAB actually surprised me β the calculator alone saved me hours of spreadsheet work.
+4
JC
janet_cook
π Growing
about 1 month ago
I was pretty skeptical about another gold IRA forum but the tools here on GIRAB actually surprised me β the calculator alone saved me hours of spreadsheet work.
+6