5 years in with Gold Rounds - Denver investor wondering

Patricia Miller

Back to forum

⭕ Gold Rounds

5 years in with Gold Rounds - Denver investor wondering

patricia_miller📊Growing (50-100k)

about 2 months ago

Key Takeaways

•So, it's been just about five years since I rolled over a chunk of my old 401k into a Gold IRA, specifically focusing on gold rounds.
•I started with roughly $60k, and I've added a bit over time, bringing my total portfolio to around $85k now.
•I used a reputable custodian, and the process was surprisingly smooth, even for a newbie like me.

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

So, it's been just about five years since I rolled over a chunk of my old 401k into a Gold IRA, specifically focusing on gold rounds. I'm a small business owner here in Denver, and honestly, the thought of diversifying beyond the typical stock market stuff felt really good, especially with all the economic uncertainty swirling around back then. I started with roughly $60k, and I've added a bit over time, bringing my total portfolio to around $85k now. I used a reputable custodian, and the process was surprisingly smooth, even for a newbie like me.

My main goal was preservation of wealth, not necessarily wild growth, and I think that’s largely been achieved. Seeing the value hold pretty steady, or even tick up slightly, while other things felt like a rollercoaster, has been a huge comfort. I mostly went with standard 1oz gold rounds, nothing too fancy, just good old physical gold. I even got to see some of it when I did a yearly check-in, which was pretty cool – something about holding a tangible asset just hits different than looking at numbers on a screen.

Now that I'm approaching 60, my mind is starting to drift towards those lovely RMDs. I'm trying to wrap my head around how those will work with physical gold. I stumbled upon this RMD Calculator at goldirablueprint.com, which seems super helpful for figuring out the exact numbers I'll need to pull out. Has anyone here actually started taking distributions from their Gold IRA? What was that experience like? Did you liquidate some of your rounds, or choose to take physical delivery? Thinking about selling off some of my holdings makes me a little antsy, especially if the market isn't looking great at that exact moment.

Another thing I'm curious about is if I should consider diversifying within my precious metals IRA. I've been exclusively gold rounds, but I've seen some folks talk about silver or even platinum and palladium. Does anyone have experience with those, and if so, what are the pros and cons you've observed? I'm debating whether to keep things simple or add a little more variety to my holdings for the next phase. Any advice from seasoned investors would be greatly appreciated!

226

3 comments

Considering a Gold IRA for your retirement?

Get a free info kit from a top-rated company — trusted by thousands of investors.

Under $100k? Compare options →

724 people viewed this today96 members requested a free kit this week144 investors bookmarked this

Best Answer▲ 4 upvotes

maria_campbell📊Growing (50-100k)

Interesting approach focusing solely on rounds. While diversification is key, I'm a little surprised you went all-in on rounds and not a mix of bars, coins, or even some platinum/silver? Wouldn't a bit more variety help hedge against different market dynamics for various forms of precious metals, especially over a longer timeframe?

Comments (3)

david_brown💎Premium (500k-1m)Real Investor•about 2 months ago

Hey there! Sounds like we're in similar boats. I also did a rollover into a Gold IRA a few years back, though I went with a mix of coins and bars. It's been interesting to watch the market, for sure. What's making you rethink the rounds specifically? Just curious since I'm always looking at my own portfolio and wondering about adjustments too.

david_brown💎Premium (500k-1m)Real Investor•about 2 months ago

Hey, that's awesome you've been in for five years! Gold rounds are a solid choice. When you say "gold rounds," are you talking about specific purity or size, or just generally rounds as opposed to coins or bars? Just curious if there's a particular reason you went that route.