Feeling good about my gold, but still have inflation
- •Caught myself staring at my IRA statement this morning, which isn't abnormal these days.
- •With all this chatter about inflation and the economy feeling… squirrely, I'm glad I pivoted a chunk of my portfolio into gold a while back.
- •I remember thinking about silver too, but the stability and historical performance of gold just appealed more to my cautious nature.
Caught myself staring at my IRA statement this morning, which isn't abnormal these days. With all this chatter about inflation and the economy feeling… squirrely, I'm glad I pivoted a chunk of my portfolio into gold a while back. I've got around $180k now, mostly in physical gold within my IRA, and frankly, it's been a relief knowing it’s not tied directly to the stock market's daily gymnastics. Being a military contractor here in Jacksonville, security is just ingrained in how I think, so having that tangible asset really speaks to me when things feel uncertain.
My decision to pull the trigger on gold felt right at the time, especially with the dollar looking weaker and the Fed doing…whatever it is they're doing. I remember thinking about silver too, but the stability and historical performance of gold just appealed more to my cautious nature. Been wondering lately about diversifying a bit more into silver, specifically coins, as a hedge against this persistent inflation. I’ve heard arguments for it being a good industrial metal play, but also as a safe haven. What's the take here on silver coins for an inflation hedge, especially now?
I was messing around with that "Silver vs Stocks" tool on Gold IRA Blueprint earlier today (https://silvervsstocks.goldirablueprint.com/?period=10Y) and it's pretty interesting seeing how it stacks up historically over 10 years. Makes me think I might be missing out on some decent gains there. But then again, the volatility sometimes makes me a little hesitant. Is anyone else looking at silver seriously right now with inflation still being a major concern? Or are we just riding the gold wave and hoping for the best?
Would love to hear some thoughts, especially from anyone who's been in the game for a while. Are there particular types of silver coins that are better for an IRA? Any specific vendors that are more trustworthy than others? Always appreciate the insights here.