Finally pulled the trigger on silver for my IRA - feeling good about it

Jason Morgan

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Finally pulled the trigger on silver for my IRA - feeling good about it

jason_morgan💰Established (100-250k)

less than a minute ago

Key Takeaways

•After a good few years of just stacking gold in my IRA, I finally took the leap and diversified into silver.
•For context, I've got a decent chunk, around $180k invested, mostly in gold coins and bars that I rolled over from my old 401k.
•The industrial demand for silver is just insane, and it feels like it’s becoming more and more crucial for so many emerging technologies.

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After a good few years of just stacking gold in my IRA, I finally took the leap and diversified into silver. For context, I've got a decent chunk, around $180k invested, mostly in gold coins and bars that I rolled over from my old 401k. Being a military contractor here in Jacksonville, security and stability are pretty much my prime directives, both professionally and personally when it comes to finances.

I know the purists often say "gold only" for IRAs, but with everything going on in the world – inflation, supply chain wobbles, and just general geopolitical jitters – I started looking harder at silver. The industrial demand for silver is just insane, and it feels like it’s becoming more and more crucial for so many emerging technologies. Plus, let's be real, the entry point for silver is way more accessible than gold right now. It made sense to balance out the portfolio a bit.

I ended up adding about $30k worth of silver to the mix. Went with a variety of American Silver Eagles and some Canadian Maple Leafs. Did a ton of research, talked to my IRA custodian, and felt comfortable with the premiums. It feels good to have that extra layer of physical asset diversification. Anyone else out there primarily a gold bug who eventually brought silver into their IRA? What swung your decision?

5 comments

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Best Answer▲ 8 upvotes

jennifer_martinez💰Established (100-250k)

Awesome, dude! Good for you. I did pretty much the same thing last year. Had about $250k in gold through my IRA for a while, and decided to add 10% of that in silver. Feels good to have some diversification, especially with how much demand I'm seeing for silver lately.

Comments (5)

diane_bailey💰Established (100-250k)Real Investor•less than a minute ago

Nice! Congrats on making the move. I did something similar a few years back, though on a much smaller scale after only having gold. It felt good to diversify a bit, even if it was just a small percentage for me. Hope it works out well for you!

thomas_walker🏆Advanced (250-500k)Real Investor✓ Verified•less than a minute ago

That's awesome you're feeling good about the move! Sounds like a solid plan to diversify. Just curious, did you go for specific silver coins or bars, or more of a mix?

betty_king📊Growing (50-100k)•less than a minute ago

That's awesome you're feeling good about your decision! I hear a lot of folks talking about silver for diversification, and it definitely has its place. My personal take, though, was always to stick *mostly* with gold for the IRA. Silver's a bit more volatile, and for long-term retirement savings, that stability often felt more appealing to me. But hey, to each their own, glad it's working out for you!

paul_hill🏆Advanced (250-500k)Real Investor✓ Verified•less than a minute ago

Congrats on diversifying! It's always a good feeling to finally make that move. Since you're expanding into silver, you might find this article helpful for understanding the gold/silver ratio and how it can inform your stacking strategy: https://www.goldandsilver.com/blog/gold-silver-ratio-investment-strategy/. Good luck!