Finally pulled the trigger on a Gold IRA - First-timer, need some validation/advice on my coin choices
So after months of agonizing and talking to a few different precious metals dealers, I finally bit the bullet and funded my first Gold IRA. It's a pretty significant chunk of my portfolio, probably around 15% of my total, which for me is somewhere in the high six-figure range. Coming from a tech background, it feels a bit wild to be putting serious capital into something that isn't a growth stock, but given the current market volatility and, frankly, some of the insane stuff happening globally, I just couldn't shake the feeling I needed some real, tangible assets.
I ended up going with American Gold Eagles (a mix of 1/2 oz and 1 oz) and some Canadian Gold Maple Leafs (mostly 1 oz). My rationale was primarily liquidity and recognition – these seem like the most universally accepted and easiest to offload if I ever actually need to. I saw some dealers pushing fractional European coins, older sovereign types, even some obscure numismatics, but my gut told me to stick to the most straightforward bullion coins eligible for an IRA. The premiums felt a little steep, especially on the Eagles, but I guess that's the price of peace of mind, right?
Anyone else here go a similar route for their first Gold IRA? Did you stick to the most common coins, or did you venture into anything more "exotic" for perceived better long-term appreciation or lower premiums? I'm curious what others in a similar boat (maybe also diversifying out of a primarily tech-heavy portfolio) have done. I'm based in SF, so a lot of my friends are still all-in on venture and crypto, and honestly, don't really get why I'm doing this, so it's good to hear from some like-minded folks.