Finally pulled the trigger on adding silver to my IRA - feeling good about it
- •For this tranche, I went for a mix of American Silver Eagles and some 10oz Britannia bars for the silver component, alongside more Gold Eagles.
- •Total rollover was a little over $750k from an old employer's plan that was just sitting there getting minimal returns in some generic equity fund.
- •Figure a decent chunk of that in physical is a smarter play given the current global climate.
Just closed the loop on rolling over a portion of my old 401k into a Precious Metals IRA, and decided to diversify beyond just gold by adding some silver into the mix. I've been sitting on a pretty substantial gold allocation for a while now, mostly physical and some Sprott funds, but for the IRA portion, I was initially just thinking more gold. My financial advisor (who honestly, sometimes I think just agrees with whatever I suggest because of the fees) was on board with either, but after looking at the gold/silver ratio and some forward-looking economic models, I felt like silver at these levels just made too much sense not to include.
My existing gold IRA, which I set up years ago when I first started getting serious about inflation hedging, is mostly American Gold Eagles and some Canadian Maples. For this tranche, I went for a mix of American Silver Eagles and some 10oz Britannia bars for the silver component, alongside more Gold Eagles. Total rollover was a little over $750k from an old employer's plan that was just sitting there getting minimal returns in some generic equity fund. Figure a decent chunk of that in physical is a smarter play given the current global climate.
Honestly, the whole process was smoother than I expected. The custodian handled most of the heavy lifting, which is a blessing because my weeks are usually 70+ hours and the last thing I need is more paperwork. I'm mainly a gold guy because of its historical store of value, but the industrial demand for silver, especially with the push for green tech, coupled with its monetary history, just makes it a compelling asset class to hold. Plus, the price point offers more leverage potential than gold in certain scenarios, which isn't lost on me.
Anyone else here diversified their PM IRA beyond just gold? What's your reasoning? And for those who are purely gold, any regrets not adding silver when ratios were more favorable? Always curious to hear other perspectives, especially from those who've navigated these markets for a while. We're talking generational wealth here, so every decision feels magnified.