5 years in with Gold and some Palladium in my IRA - feeling pretty good, but what's next?

Michael Anderson

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5 years in with Gold and some Palladium in my IRA - feeling pretty good, but what's next?

michael_anderson🏆Advanced (250-500k)

about 1 month ago

Key Takeaways

•Been seeing a lot of "the sky is falling" posts lately, and it got me thinking about my own portfolio.
•Diversified a small bit with some palladium too, just because I heard good things about industrial demand.
•Fast forward to today, and that initial $180k has grown pretty nicely.

See what your 401(k) could look like in gold

Been seeing a lot of "the sky is falling" posts lately, and it got me thinking about my own portfolio. I'm a construction guy here in Chicago, always liked something I could touch and feel, so a few years back, maybe 5 going on 6 now, I decided to put a good chunk of my retirement savings into a Gold IRA. Had about $300k liquid at the time, and after talking with my financial advisor (who initially looked at me like I had three heads, honestly), I ended up putting about 60% of that initial capital, around $180k, into physical gold. Diversified a small bit with some palladium too, just because I heard good things about industrial demand.

Fast forward to today, and that initial $180k has grown pretty nicely. I haven't done a full re-evaluation in a couple of months, but I'm confidently sitting somewhere in the mid-$400k range for that specific IRA account. The gold has done exactly what I hoped – provided a solid hedge against inflation and general market jitters. And the palladium? Man, that stuff really took off for a while there. It's dipped a bit recently, but it's still way up from where I bought in. Seeing the value of your tangible assets go up like that just feels different, you know? Not some number on a screen that could vanish overnight.

My advisor is singing a different tune now, for sure. We've even discussed adding a bit more. But with all the talk about interest rate hikes and potential recessions, I'm trying to figure out my next move. Part of me wants to double down on gold and palladium, maybe even explore silver. Another part wonders if I should be taking some profits, but then where do I even put it? The stock market still feels like a casino to me right now.

Anyone else been holding physical metals in their IRA for a similar timeframe? What were your returns like? And more importantly, what are you guys doing now to navigate this crazy economic climate? Thinking about adding more, holding steady, or even divesting a bit?

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3 comments

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Best Answer▲ 10 upvotes

joshua_phillips🏆Advanced (250-500k)

Glad to hear you're feeling good about your precious metals holdings! It's always a solid move to have something tangible. However, I'm a little surprised at the "what's next?"

I mean, if you're holding physical gold and palladium in an IRA, the strategy is usually pretty clear: long-term hold for wealth preservation and inflation hedge. "Next" usually just means more of the same, or perhaps rebalancing if one metal has performed disproportionately well. Are you thinking about diversifying out of precious metals, or just wondering about other metals to add to the mix?

Comments (3)

nancy_hall💰Established (100-250k)Real Investor•about 1 month ago

Totally get what you're saying, I'm in a similar boat. Been holding physical gold in my IRA for about 7 years now, and it's been such a solid, reassuring part of my portfolio. Seeing all the market craziness, it's definitely comforting to have that tangible asset. Like you, I'm also wondering what the next move is. Thinking about diversifying a bit more, maybe some silver to complement the gold, but definitely sticking with the precious metals for that long-term stability.

dorothy_lopez💰Established (100-250k)Real Investor•about 1 month ago

Hey, that's awesome you've been in for 5 years and are feeling good about it! Always cool to hear about people doing well with tangible assets.

You mentioned "a few yea" at the end of your excerpt. Did you mean "a few years ago" and that's when you started, or something else? Just curious about the timeline of when you first got into it!

joshua_phillips🏆Advanced (250-500k)Real Investor✓ Verified•about 1 month ago

Glad to hear you're feeling good about your precious metals holdings! It's always a solid move to have something tangible. However, I'm a little surprised at the "what's next?"

I mean, if you're holding physical gold and palladium in an IRA, the strategy is usually pretty clear: long-term hold for wealth preservation and inflation hedge. "Next" usually just means more of the same, or perhaps rebalancing if one metal has performed disproportionately well. Are you thinking about diversifying *out* of precious metals, or just wondering about other metals to add to the mix?

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