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Controversy Level: 7/10
Gold IRAs are overrated for millennials - Change my mind
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.
7 comments4 participantsHigh engagementabout 1 month ago
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7 comments
CC
carol_carter
💰 Established
about 1 month ago
This mirrors what I've been seeing too. The macro environment right now is making a strong case for physical metals.
+17
FR
frank_rivera
💎 Premium
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.
+4
BK
betty_king
📊 Growing
about 1 month ago
This mirrors what I've been seeing too. The macro environment right now is making a strong case for physical metals.
0
DW
daniel_wright
💎 Premium
Verified
about 1 month ago
I rolled over about $80k last year. Honestly the hardest part was just picking which metals to hold. Still second-guessing myself.
+9
KP
kenneth_parker
💎 Premium
Verified
about 1 month ago
I rolled over about $80k last year. Honestly the hardest part was just picking which metals to hold. Still second-guessing myself.
+7
MC
maria_campbell
📊 Growing
Verified
about 1 month ago
Interesting take. I've heard the opposite from a few people though — would love to see some actual numbers on this.
+1
AB
ashley_baker
💼 Starter
Verified
about 1 month ago
Been looking into this myself — the fees on some of these custodians are wild. Anyone found one that doesn't gouge you?
+9