5 years in with my Gold IRA - The HODL is real, but am I diversified enough?

Steven Mitchell

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✨ Precious Metals

5 years in with my Gold IRA - The HODL is real, but am I diversified enough?

steven_mitchell🏆Advanced (250-500k)

about 9 hours ago

Key Takeaways

•Hard to believe it's been five years since I first jumped into the Gold IRA game.
•Time flies when you're watching the markets, I guess.
•I remember feeling pretty good about it back in 2019, right before all the COVID madness hit and everything went sideways.

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Hard to believe it's been five years since I first jumped into the Gold IRA game. Time flies when you're watching the markets, I guess. I remember feeling pretty good about it back in 2019, right before all the COVID madness hit and everything went sideways. As a manufacturing exec here in Cleveland, hard assets just make sense to me – something you can actually touch and feel, unlike some of these tech stocks that feel like they're built on pixie dust and good intentions. I started with about $150k rolling from an old 401k, and honestly, the peace of mind having that chunk of my retirement in something tangible has been huge for my stress levels. Especially with all the inflation talk these past few years.

I'm sitting on roughly $230k in that account now, all in physical gold coins and bars. No silver, no platinum, just the yellow stuff. The returns have been solid, nothing crazy meteoric, but definitely outperforming some of my other more traditional investments during certain periods. It felt really good seeing the value climb when the stock market was acting like a roller coaster. I’ve been debating adding more to it from my current 401k, maybe another $50k-$75k, but then I start to wonder if I’m getting too concentrated. The whole "don't put all your eggs in one basket" thing is always nagging at me.

My overall portfolio is still pretty well diversified, with a good chunk in real estate (rental properties around OH), some broad market ETFs, and a smaller percentage in individual stocks. But that roughly 15-20% in gold feels significant. I've also been thinking about the tax implications down the road. I've used that Tax Calculator tool on Gold IRA Blueprint a few times to try and model out what it might look like when I eventually start taking distributions. It's a nice little tool, helps put some numbers to the "what ifs."

So, for the seasoned Gold IRA folks here, have any of you found yourselves a bit too heavy in precious metals? What percentage of your overall retirement portfolio do you feel comfortable keeping in gold? And any thoughts on adding a bit of silver for diversification within the metals, or just stick to what's working?

4 comments

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Best Answer▲ 9 upvotes

susan_clark💰Established (100-250k)

Totally get this! I'm coming up on 4 years with mine and it's been such a solid anchor, especially through all the craziness. I had a similar thought about diversification recently. Like, is having a substantial chunk in metals enough, or should I be looking at other tangible assets too? So far, I'm sticking with the gold, but it's a good question to ponder.

Comments (4)

susan_clark💰Established (100-250k)Real Investor•less than a minute ago

Totally get this! I'm coming up on 4 years with mine and it's been such a solid anchor, especially through all the craziness. I had a similar thought about diversification recently. Like, is having a substantial chunk in metals *enough*, or should I be looking at other tangible assets too? So far, I'm sticking with the gold, but it's a good question to ponder.

kenneth_parker💎Premium (500k-1m)Real Investor✓ Verified•less than a minute ago

Hey, that's awesome you've been in for five years! Pretty good timing with 2019 too, in hindsight. Sounds like you've probably seen some decent gains.

I'm curious, since you mentioned being a manufacturing exec in Cleveland – did your professional background or industry insights play a role in your decision to go with a Gold IRA specifically? Or was it more general economic concerns that led you there?

helen_turner💰Established (100-250k)Real Investor•less than a minute ago

Hey, that's a solid run with your Gold IRA! Five years is no joke, especially through some of the volatility we've seen. While it's great you're feeling good about your gold holdings, I don't think it's a bad idea to re-evaluate diversification now and then, especially with the current economic climate. Gold is a fantastic hedge, but true diversification usually means looking beyond just one asset class, even a "safe haven" one. Maybe some other alternative assets could complement your gold nicely?

christopher_young🌟Ultra (5m+)Real Investor✓ Verified•less than a minute ago

Hey, that's awesome you've been holding strong for five years! Diversification is always a smart play, especially with market swings. Have you considered looking into how minor metals or even specific rare earth elements are performing? They often have different drivers than gold and can offer a nice hedge. The USGS Mineral Commodity Summaries are a great, free resource for that kind of info if you want to dig deeper.

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