Finally feeling good about my Gold & Palladium IRA after
- •Been seeing a lot of folks asking about precious metals here lately, and thought I'd share my experience.
- •I've had a pretty good chunk of my retirement savings (we're talking close to $700k now) in a Gold and Palladium IRA for about seven years.
- •When I first got into it back in 2017, it felt like a no-brainer.
Been seeing a lot of folks asking about precious metals here lately, and thought I'd share my experience. I've had a pretty good chunk of my retirement savings (we're talking close to $700k now) in a Gold and Palladium IRA for about seven years. When I first got into it back in 2017, it felt like a no-brainer. Everyone was talking about inflation, global uncertainty, you know the drill. For a guy who grew up in the dairy business in Wisconsin, tangible assets just made more sense than chasing tech stocks I barely understood. My grandpa always said, "If you can't hold it, you don't own it," and that stuck with me.
Those first few years, though? Man, it was a test of patience. There were times I honestly wondered if I'd made a mistake pulling so much out of traditional investments. My financial advisor back then, bless her heart, kept telling me to hold steady, that these things ebbed and flowed. But when you’re looking at your statements and it feels like you're just treading water, it's hard not to second guess yourself. Especially with all the chatter about crypto booming and everything else. It wasn't a loss, but it certainly wasn't the "rocket to the moon" some of the early precious metal evangelists promised.
Fast forward to the last couple of years, and especially this year, and things have really started to pick up. My Palladium holdings, in particular, have seen some fantastic gains. It's not just keeping pace with inflation now; it feels like it's actually working for me. My total portfolio value has gone up something like 15-20% in the last 18 months, which for someone who's spent their life around milk prices, feels pretty darn good. It's given me a lot more peace of mind as I start thinking about retirement in the next 5-7 years.
Anyone else out there feel like they rode out the precious metals slump and are finally seeing the fruits of their patience? Or maybe you got in more recently and are feeling good about it right from the start? Curious to hear other folks' timelines and experiences. It definitely reinforced for me that long-term investing truly means long-term.