Anyone rebalanced their Gold IRA lately? Thinking about some mining stocks.
- •Been thinking a lot about rebalancing the portfolio lately, especially the gold portion.
- •I've got a decent chunk in physical gold through my Gold IRA – probably about 15% of my overall 700k.
- •Most of that is in actual coins and bars, which I've been happy with for peace of mind, especially with all the ups and downs we've seen.
Been thinking a lot about rebalancing the portfolio lately, especially the gold portion. I've got a decent chunk in physical gold through my Gold IRA – probably about 15% of my overall 700k. Most of that is in actual coins and bars, which I've been happy with for peace of mind, especially with all the ups and downs we've seen. Been holding onto it for about 8 years now, pretty much since I started thinking about retirement back when the kids were getting close to college.
My advisor here in Madison has been nudging me to consider diversifying within the precious metals space, specifically looking at some gold mining company stocks. The argument is for potential growth beyond just the spot price of gold, and maybe a bit more liquidity if I need to move things around quicker. I've been in the dairy business my whole life, so the idea of tangible assets always resonated, but I'm not blind to opportunities either.
For those of you with Gold IRAs, have you branched out into mining stocks? What's your experience been? Are there particular companies or types of mining operations you've had success with, or any I should definitely steer clear of? My main concern is still capital preservation, but if there's a good upside without taking on too much crazy risk, I'm all ears. Any firsthand accounts would be super helpful. Trying to decide if it's worth shifting maybe 25-30% of my current gold holdings into some of these companies. Thanks in advance for any insights.