Finally seeing those gold gains, feels good man (and thinking Platinum now)
- •Been a long-time lurker here, figured I’d finally post something useful.
- •For years, I’ve been stacking away in my Gold IRA, and honestly, for a while there, it felt like watching paint dry.
- •I started really seriously back in 2010 once I officially retired from the tech company and moved down to Palm Beach.
Been a long-time lurker here, figured I’d finally post something useful. For years, I’ve been stacking away in my Gold IRA, and honestly, for a while there, it felt like watching paint dry. I started really seriously back in 2010 once I officially retired from the tech company and moved down to Palm Beach. Had a good chunk of my portfolio, probably 15% at the time, tucked into physical gold through an IRA custodian. My financial advisor at the time thought I was a bit nuts, but hey, I’ve seen enough market volatility in my past life to know a thing or two about preserving capital.
Fast forward to now, and it’s a completely different story. The recent run-up in gold has been fantastic. My initial investment, which was already substantial at a few hundred thousand, has now comfortably pushed past the $1.5 million mark just in the gold portion. It’s comforting to see that kind of growth, especially when other parts of my portfolio have been more, shall we say, "temperamental." It really underscores the value of patience and conviction in holding something tangible, something that isn't just digits on a screen.
Now, with my gold position so strong, I’m actually looking to diversify a bit within the precious metals space. I’ve been doing some research into Platinum IRAs. The industrial demand, the supply constraints – it all sounds pretty compelling, almost like what gold felt like to me a decade or so ago. Has anyone here had significant success with platinum? What’s been your experience with custodians for it, and what are the premiums like compared to gold and silver?