Finally seeing the gold strategy pay off - feels good

Steven Mitchell

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Finally seeing the gold strategy pay off - feels good

steven_mitchell🏆Advanced (250-500k)

about 7 hours ago

Key Takeaways

•Thought I'd share a little bit of a "told you so" moment, mostly to myself, but also for anyone on the fence about physical gold in their IRA.
•I've been stacking gold (and some silver) in my self-directed IRA since about 2018.
•Started with a modest chunk, then steadily added more during dips, especially those wild early pandemic days.

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Thought I'd share a little bit of a "told you so" moment, mostly to myself, but also for anyone on the fence about physical gold in their IRA. I've been stacking gold (and some silver) in my self-directed IRA since about 2018. Started with a modest chunk, then steadily added more during dips, especially those wild early pandemic days. Being in manufacturing here in Cleveland, you get a real appreciation for hard assets, you know? You can see it, touch it, it is something, unlike some of the paper promises out there.

My initial investment was around $150k into physical gold and silver, mostly coins and bars, diversifying types a bit. Over the years, I've probably added another $75-100k, taking my total precious metals allocation within my IRA to just over $250k now. For a while, it felt like it was just chugging along, holding its own, but not exactly shooting the lights out compared to the S&P 500. Had a few buddies giving me grief, "You're missing out on tech, man!" But my philosophy has always been about wealth preservation and hedging against instability, not just chasing the next hot stock.

Well, turns out that slow and steady approach is really shining lately. With all the inflation worries, geopolitical craziness, and just general economic uncertainty, my gold holdings have seen some serious appreciation. I'm up a solid 20% on my original purchase price for a big chunk of it, and even the more recent additions are showing nice gains. It's not just holding value anymore; it's actively contributing to my portfolio growth in a way that feels incredibly secure. Seeing that value climb while other parts of the market are looking shaky is a massive weight off the shoulders.

Anyone else feeling this positive momentum with their gold holdings? Or are there still some skeptics out there? I'm genuinely curious to hear other people's perspectives now that gold's had such a strong run. Any other manufacturing folks here who relate to the hard asset appeal?

3 comments

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Best Answer▲ 8 upvotes

karen_robinson💼Starter (0-50k)

That's awesome that your strategy is paying off for you! It's definitely satisfying when a plan comes together. Just a thought though – with all the inflation talk, it's worth remembering that gold isn't always the best hedge compared to, say, real estate or even certain stocks that can actually grow earnings. It's great for wealth preservation, but growth potential can sometimes be a different story. Either way, congrats on your gains!

Comments (3)

ruth_perez📊Growing (50-100k)•about 3 hours ago

Dude, I totally get this. I've only been at it for a couple of years, but I had a similar feeling recently checking my account. My family thought I was nuts putting a chunk of my retirement into "shiny rocks" instead of just VOO like everyone else. Now I'm just sitting here like, "who's laughing now?" Congrats on the foresight!

elizabeth_johnson💰Established (100-250k)Real Investor✓ Verified•about 3 hours ago

That's awesome to hear! Always good to see a long-term strategy come to fruition. Quick question: when you say "dips," are you mostly referring to price corrections in gold itself, or did you also factor in broader economic downturns as opportunities?

karen_robinson💼Starter (0-50k)•about 3 hours ago

That's awesome that your strategy is paying off for you! It's definitely satisfying when a plan comes together. Just a thought though – with all the inflation talk, it's worth remembering that gold isn't always the *best* hedge compared to, say, real estate or even certain stocks that can actually grow earnings. It's great for wealth preservation, but growth potential can sometimes be a different story. Either way, congrats on your gains!

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