5 years in with my Gold IRA - what a ride!

Sharon Evans

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5 years in with my Gold IRA - what a ride!

sharon_evans💰Established (100-250k)

about 9 hours ago

Key Takeaways

•Man, has it really been five years since I first dipped my toes into the Gold IRA world?
•Time flies when you're...
•well, watching your precious metals holdings (mostly gold, some silver) appreciate.

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Man, has it really been five years since I first dipped my toes into the Gold IRA world? Time flies when you're... well, watching your precious metals holdings (mostly gold, some silver) appreciate. I remember being so nervous back in 2019, finally taking the plunge after hearing the execs at the oil company I work for here in Tulsa talk about inflation and hedging. My initial investment was about $75k, which felt like a massive chunk of my savings at the time.

I'm happy to report that it's been a pretty steady climb. I mean, it wasn't straight up the entire time, there were some wobbles, but overall, seeing that portfolio grow from $75k to just shy of $110k now feels amazing. That’s not including the extra contributions I’ve made over the years, obviously. It’s given me such peace of mind, knowing I have something tangible protecting a good portion of my retirement savings from all the economic craziness. It's way more comforting than just leaving it all in stocks, even when the market's doing great.

I still remember doing endless research before I even thought about setting it up. I must have spent weeks reading articles and comparing companies. If anyone's on the fence or just starting their research, seriously, check out the Gold IRA Quiz. I wish I had something like that when I started – it would’ve saved me so much time trying to figure out the basics.

So, for those of you with Gold IRAs, what's been your experience over the last few years? Are your returns similar? And for those thinking about it, what's holding you back? I'm genuinely curious to hear everyone's perspectives. It's been a good journey for me so far, and I’m definitely planning on keeping this going for the long haul.

3 comments

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Best Answer▲ 10 upvotes

janet_cook📊Growing (50-100k)

That's awesome you've had such a positive experience! I'm curious though, do you ever feel like you missed out on some of the bigger tech stock rallies over the last five years by having so much locked into gold? I totally get the safety and inflation hedge aspect, but sometimes I wonder about the opportunity cost, you know?

Comments (3)

joshua_phillips🏆Advanced (250-500k)Real Investor✓ Verified•less than a minute ago

Congrats on 5 years, that's awesome! Quick question: when you say "mostly gold, some silver," did you go with a specific ratio on purpose, or was it just how the purchases lined up over time?

betty_king📊Growing (50-100k)•less than a minute ago

Awesome to hear! Congrats on the five-year mark. Totally get the nervousness. I actually felt the same way when I started my own Silver IRA in 2020. Pandemic hit, everything felt so unstable, and it just seemed like a smart move. So glad I did! It's been a reassuring part of my portfolio ever since.