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    5 years in with my Gold IRA - my returns and thoughts

    Key Takeaways
    • •Okay, so I just hit the 5-year mark with my Gold IRA and figured I’d share my experience for anyone considering it.
    • •When I first started back in late 2018, I was a total newbie.
    • •My small business here in Denver was doing well, but I was getting super antsy about all the stock market volatility.
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    Okay, so I just hit the 5-year mark with my Gold IRA and figured I’d share my experience for anyone considering it. When I first started back in late 2018, I was a total newbie. My small business here in Denver was doing well, but I was getting super antsy about all the stock market volatility. I had about $70k saved up in an old 401k from a previous job and decided to roll it over into a Gold IRA. Honestly, I didn't fully understand it all, but the idea of having something tangible felt right.

    My main goal wasn't to get rich quick, but rather to protect my savings from inflation and potential economic downturns. I chose a company recommended by my then-financial advisor – they were pretty helpful walking me through the whole process, from setting up the account to choosing the coins. I went with mostly American Gold Eagles and some Canadian Maples, just diversified a little. The fees felt a bit steep initially, especially the storage, but I figured it was the cost of peace of mind.

    Fast forward to today, and I’m pretty pleased with how it’s performed. That initial $70k is now sitting closer to $115k. It's not a parabolic gain like some tech stocks saw, but considering the general economic uncertainty we've had over the last five years, I feel like it's been a really solid hedge. I've definitely slept better knowing a chunk of my retirement isn't tied directly to the whims of the stock market. It’s been a slow and steady climb, which is exactly what I was hoping for.

    I know some people are skeptical about Gold IRAs, citing storage fees and lack of dividends. And yeah, those are valid points. But for someone like me, a small business owner who’s seen the ups and downs firsthand, the stability has been worth it. It’s given me a sense of security that traditional investments just haven't. Has anyone else hit a similar milestone with their Gold IRA? What were your returns like, and what made you decide to get into gold in the first place?

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    4 comments

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    Best Answer▲ 3 upvotes
    M
    mark_adams👑Elite (1m-5m)

    Hey, glad to hear your Gold IRA is working out! You mentioned your Denver business was doing well in 2018; did you fund your Gold IRA directly from those business profits, or was it from other savings?

    Comments (4)

    1
    joseph_harris📊Growing (50-100k)•about 8 hours ago

    Congrats on hitting the 5-year mark! That's awesome you're sharing your experience. I totally get the "stock market volatility" anxiety, especially back then. I actually started my Gold IRA around the same time, for pretty much the exact same reason. My portfolio was getting hammered and I needed *something* stable. It's been interesting to watch, for sure.

    3
    mark_adams👑Elite (1m-5m)Real Investor•about 8 hours ago

    Hey, glad to hear your Gold IRA is working out! You mentioned your Denver business was doing well in 2018; did you fund your Gold IRA directly from those business profits, or was it from other savings?

    3
    mark_adams👑Elite (1m-5m)Real Investor•about 8 hours ago

    Glad your Gold IRA is working out for you! While I definitely get the appeal of gold as a hedge against volatility, it's worth remembering that the past five years have seen some pretty unique economic circumstances, especially with inflation and geopolitical events. It'll be interesting to see how it performs over a longer, more "normal" economic cycle. DCA into gold definitely sounds like a solid strategy though.

    3
    janet_cook📊Growing (50-100k)•about 8 hours ago

    Awesome to hear about your 5-year journey! It's always great to see real-world experiences with Gold IRAs. For anyone else who's thinking about getting started or is already in it, it's super important to understand the different types of gold you can hold in an IRA.

    The IRS has specific purity standards (e.g., 99.5% for gold bullion) and allows certain coins like American Gold Eagles. Not all gold is eligible! A good resource to check out is the IRS's own publication on precious metals in IRAs, or even just some reputable guides that break down the eligible items. It'll save you a headache down the line!

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