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    Finally seeing those gold gains, feels good man (and thinking Platinum now)

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    Key Takeaways
    • 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.
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    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?

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    5 comments

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    Best Answer▲ 10 upvotes
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    richard_garcia👑Elite (1m-5m)

    Nice! Always great to hear about someone's patience paying off. When you say you started "really seriously" in 2010, were you already doing some gold investing before that, or was that your hard pivot point?

    Comments (5)

    10
    richard_garcia👑Elite (1m-5m)Real Investorabout 2 months ago

    Nice! Always great to hear about someone's patience paying off. When you say you started "really seriously" in 2010, were you already doing some gold investing before that, or was that your hard pivot point?

    2
    susan_clark💰Established (100-250k)Real Investorabout 2 months ago

    Dude, I know exactly what you mean! I got into a Gold IRA back in '08 after the crash and pretty much forgot about it for a few years. Just checked in recently and was genuinely surprised at the growth. Definitely a "feels good man" moment. Now you've got me thinking about platinum too, haha.

    6
    laura_sanchez💰Established (100-250k)Real Investor✓ Verifiedabout 2 months ago

    Hey, glad to hear your gold is paying off! It's always great to see those investments mature.

    Just a thought on platinum: while it definitely has its moments, it's a very different beast than gold. Much more industrial demand, so swings can be wilder. If you're looking for that same "set it and forget it" stability that gold offers, platinum might introduce a bit more volatility into your portfolio. Might be worth considering if pure preservation is your main goal.

    9
    diane_bailey💰Established (100-250k)Real Investorabout 2 months ago

    Awesome to hear about your gold gains! That's the dream, right? Since you're looking at platinum, you might find this article on the differences between gold and platinum IRAs helpful: https://www.investopedia.com/gold-ira-vs-other-precious-metals-iras-5191295 It breaks down some of the tax implications and storage considerations, which can be a bit different for platinum.

    3
    helen_turner💰Established (100-250k)Real Investorabout 2 months ago

    Totally feel this! I've been in a similar boat, started my Gold IRA around 2012, and yeah, it was definitely a slow burn for a bit. But man, the last couple of years have been a beautiful thing to watch. My portfolio's up a solid 18% since the start of 2022, mostly thanks to the shiny stuff. Now I'm also starting to eye platinum, seems like it's got some real upside potential.

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