Finally feeling good about my Gold IRA - The long game paid off.
- •Been seeing a lot of posts lately about folks just getting into gold or questioning its value, and it got me thinking about my own journey.
- •My old man always talked about gold as the ultimate hedge, especially with how volatile the timber markets can get.
- •For years, it just… sat there.
Been seeing a lot of posts lately about folks just getting into gold or questioning its value, and it got me thinking about my own journey. My old man always talked about gold as the ultimate hedge, especially with how volatile the timber markets can get. So, when I inherited a decent chunk about 15 years ago, one of the first things I did was open a Gold IRA, putting in around $100k of what I’d consider my “play money” at the time.
For years, it just… sat there. We had some pretty good runs in other investments, and sometimes I’d look at the gold and think, “Is this even doing anything?” I even contemplated selling a few times, especially when I was looking to expand some of my Spokane real estate holdings around 2018-2019 and needed to free up capital. But something always held me back – that nagging voice from my dad about preserving wealth and not chasing every shiny thing. I'm glad I listened. I never added much more to it, maybe another $20k spread out over time, just DCA-ing a bit here and there when I felt the market was acting squirrely.
Fast forward to today, and wow. Just checked my statements last week and that initial $120k is now sitting comfortably north of $350k. It’s not going to buy me a yacht, but it's a solid, undeniable win, and a huge chunk of my generational wealth preservation strategy. It feels good to have that stability, especially with all the talk about inflation and economic uncertainty. It really reinforced the idea that some assets are just for the long, long haul, not for quick flips.
Anyone else got a similar story? Or maybe a different experience with their long-term gold holdings? Curious to hear if others are seeing similar results or if I just got lucky with my timing and sticking to my guns.