Anyone else seeing epic returns on their gold IRA last 5 years? My experience.
- •Okay, so I’ve been seeing a lot of people debating the whole gold vs.
- •stocks thing lately, especially with inflation going wild.
- •Wanted to throw my hat in the ring as someone who’s had a significant chunk of their retirement in a gold IRA for the past five years.
Okay, so I’ve been seeing a lot of people debating the whole gold vs. stocks thing lately, especially with inflation going wild. Wanted to throw my hat in the ring as someone who’s had a significant chunk of their retirement in a gold IRA for the past five years. When I first chatted with my financial advisor back in late 2018, I was a bit skeptical, but he laid out a pretty compelling case for diversification. I ended up rolling over about $300k from a traditional IRA into a self-directed gold IRA, mostly in physical gold coins, since I like the tangible aspect of it. Living in Salt Lake City, I really appreciate being able to visit a depository if I ever needed to, though I haven't yet.
Fast forward to now – my initial $300k is sitting pretty close to $550k. Which, for gold, I think is pretty damn good. Obviously, it's not the meme stock 1000% type returns, but that level of stability and growth for something considered a "safe haven" asset has seriously blown my mind. Especially through all the craziness of the pandemic and subsequent economic wobbles. It’s been far more predictable than some of my other investments, and honestly, it helps me sleep better at night knowing a good portion of my retirement isn't entirely exposed to equity market swings.
My advisor, who actually specializes in helping clients set up these kinds of accounts, is always tracking the global economic indicators and he's been consistently bullish. He always says gold performs well during times of uncertainty, and man, has he been right. I'm curious to hear from others who got into gold IRAs around the same time. What kind of returns are you guys seeing? Did you go with mostly gold or silver, or a mix? Any regrets?