Feeling pretty good about my Gold IRA right now! Years in the making

Ruth Perez

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Feeling pretty good about my Gold IRA right now! Years in the making

ruth_perez📊Growing (50-100k)

about 2 hours ago

Key Takeaways

•Just had to share, seeing some of these market numbers lately has me feeling pretty darn smug about my Gold IRA.
•I started mine when gold was like $1200-$1300 an ounce, I think, maybe 2017 or 2018.
•I'm based in Albuquerque, and the cost of living here isn't insane, but retirement planning is still retirement planning.

See what your 401(k) could look like in gold

Just had to share, seeing some of these market numbers lately has me feeling pretty darn smug about my Gold IRA. Remember reading a few posts on here about folks feeling nervous, and I get it, but man, after watching my portfolio over the last 5-7 years, I'm just… relieved? Satisfied? Something like that. I started mine when gold was like $1200-$1300 an ounce, I think, maybe 2017 or 2018. Had about $75k I rolled over from an old 401k when I changed jobs – kept my old government pension, but wanted something else to supplement it down the line. I'm based in Albuquerque, and the cost of living here isn't insane, but retirement planning is still retirement planning.

My strategy was pretty simple: diversification. I wasn't looking to get rich quick, just wanted a hedge against inflation and market volatility, especially as I get closer to retirement age. My 401k and government pension are doing their thing, but having that physical gold (well, the certificate representing it, you know how it goes) just sitting there has been a real peace of mind. I added a little bit more during a dip, maybe another $10k back in 2020 when things were wild. The value of that initial $75k has definitely climbed significantly since then, and combined with that extra chunk, I'm easily looking at a solid 50-60% gain on my original investment.

It's not like I check it every day, but seeing gold prices hover where they are now makes those early decisions feel pretty justified. It's not a windfall, but it's a very comfortable cushion that's doing exactly what I wanted it to do – preserving wealth and growing steadily. For anyone on the fence or just starting out, my advice is patience. Don't expect miracles overnight. Just set it and forget it, mostly.

Anyone else feeling good about their long-term gold plays lately? Or is anyone just starting and have questions about the process? I remember how daunting it felt translating all the jargon at first.

3 comments

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Best Answer▲ 4 upvotes

joyce_cooper📊Growing (50-100k)

That's awesome to hear! Always good to feel confident in your investments, especially with all the market fluctuations lately. When you say "watching my portfolio over the last 5-7 years," are you primarily referring to just the gold's value appreciation, or have you seen significant gains from other elements within your Gold IRA, like specific types of coins or bullion?

Comments (3)

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

Totally get this feeling! I've been saying the same thing to my wife. We started ours back in '16 when everyone was saying it was "too late" or "a bubble." Fast forward to now and it's definitely a different story. Feels good to have that diversification kicking in when the rest of the market is doing... whatever it's doing, haha.

joyce_cooper📊Growing (50-100k)✓ Verified•less than a minute ago

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

That's awesome you're feeling good about your Gold IRA! It's definitely a marathon, not a sprint, and seeing those long-term gains must be super satisfying.

I get the relief, especially with all the market fluctuations lately. But sometimes I wonder, does anyone else feel like they might be missing out on some of the growth potential of other assets during these "safe haven" periods? Not knocking gold at all, just a thought that crosses my mind when things are cruising along. Always a trade-off, I guess!

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