Finally hitting my "early retirement thanks to gold" number!

Christopher Young

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Finally hitting my "early retirement thanks to gold" number!

christopher_young🌟Ultra (5m+)

about 1 month ago

Key Takeaways

•Just ran the numbers for end of Q1 and it's official: my Gold IRA, combined with my physical holdings, just crossed the eight-figure mark .
•I remember the early days, pouring over articles, trying to figure out if it was a scam or not.
•Decided to start small with about 5% of my portfolio in physical, just dipping my toes in the water.

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Holy smokes, guys. Just ran the numbers for end of Q1 and it's official: my Gold IRA, combined with my physical holdings, just crossed the eight-figure mark. Eight figures. Never in a million years did I think I'd get here, especially when I started dipping my toes into gold back in '08 when everyone else was screaming about real estate crashes.

I remember the early days, pouring over articles, trying to figure out if it was a scam or not. Decided to start small with about 5% of my portfolio in physical, just dipping my toes in the water. Gradually ramped it up, especially after seeing the market volatility in 2011-2012. My Gold IRA really started picking up steam when I began rolling over old 401ks that were just sitting stagnant, losing value year after year. The peace of mind knowing a significant chunk of my retirement wasn't tied to the speculative whims of the stock market was actually a huge motivator for me to work harder and grow my businesses here in Scottsdale.

There were definitely times I questioned it, especially when gold had its lulls. Friends would tell me I was crazy, that it was a "barbarous relic" and I should be all-in on tech stocks. But something just felt right about tangible assets. Something about owning something that has held value for millennia, not just based on market sentiment. And honestly, watching the purchasing power of the dollar erode over the last few years, especially with all the money printing, makes me feel like I made the right call.

So, here I am, 52 years old, with options I never thought I'd have. Thinking about really cutting back on the business grind and focusing on some passion projects, maybe even spending more time volunteering. For those of you just starting out, or even considering adding gold to your portfolio, what were some of your biggest 'aha!' moments that convinced you to go all in (or at least significantly in)? Curious to hear other success stories or even just what drove your conviction.

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5 comments

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Best Answer▲ 10 upvotes

gary_stewart📊Growing (50-100k)

That's incredible news, OP! Huge congrats on hitting that milestone. It's awesome to hear about your success story, especially starting back in '08 when things were so uncertain.

For anyone else looking to get started or just wanting to learn more about Gold IRAs, I found this Investopedia guide super helpful when I was doing my research. It breaks down the pros and cons pretty clearly. Always good to do your homework!

Comments (5)

diane_bailey💰Established (100-250k)Real Investor•about 1 month ago

Holy cow, congrats! That's seriously inspiring. I remember feeling a similar rush, though on a much smaller scale, when my silver stack finally hit enough to cover a few months of expenses without touching my regular savings. Totally different ballpark than 8 figures, but that feeling of security and growth from precious metals is just unmatched.

andrew_roberts👑Elite (1m-5m)Real Investor✓ Verified•about 1 month ago

Congrats, that's insane! Eight figures is a wild number. What was your initial breakdown between the Gold IRA and physical holdings when you started back in '08? Did that ratio shift much over the years, or did you stick to a similar allocation?

charles_lewis💎Premium (500k-1m)Real Investor•about 1 month ago

That's awesome, congrats on hitting your goal! While I'm super happy for you and the gold strategy clearly paid off *big time* in your case, it's probably worth noting for others reading that relying solely on gold for early retirement isn't always the most common or recommended path. Diversification is usually key, and you probably hit a sweet spot with your timing and allocation. Still, fantastic work!

gary_stewart📊Growing (50-100k)•about 1 month ago

That's incredible news, OP! Huge congrats on hitting that milestone. It's awesome to hear about your success story, especially starting back in '08 when things were so uncertain.

ashley_baker💼Starter (0-50k)✓ Verified•about 1 month ago

Dude, that's awesome! Congrats on hitting that milestone, especially starting back in '08. Takes some serious foresight and conviction to stick with it when everyone else was freaking out.

I feel you on the "never thought I'd get here." I started a bit later, around 2012, with a decent chunk in a Gold IRA. Was just checking my own numbers too, and I'm pushing 7 figures now. It's a surreal feeling seeing that growth, especially when you compare it to some of the more "traditional" investments in my portfolio. Gold has definitely been the dark horse.

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