Gold breaking all-time highs - What now for my silver bars?

Patricia Miller

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Gold breaking all-time highs - What now for my silver bars?

patricia_miller📊Growing (50-100k)

less than a minute ago

Key Takeaways

•Okay, so gold just blew past $2,400.
•Honestly, I'm a mix of stoked and a little, well, confused.
•My thinking was silver had more upside potential given its industrial uses and lower price point.

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Okay, so gold just blew past $2,400. Honestly, I'm a mix of stoked and a little, well, confused. I opened my Gold IRA about six months ago, mostly with some gold Eagles, but I also diversified a chunk into silver bars – like, about $15,000 worth of them. My thinking was silver had more upside potential given its industrial uses and lower price point. Now with gold going absolutely parabolic, I'm sitting here in Denver wondering if I played this right.

I’m a small business owner, and this Gold IRA is a significant chunk of my retirement savings, probably hovering around $70k right now. I was feeling pretty good about that silver, seeing it as more of a long-term play. But seeing gold moon like this makes me question if I should have just gone all-in on gold when I started, or maybe convert some of my silver now while gold is hot. Is there still room for silver to play catch-up, or am I just looking at gold in hindsight?

What are other folks here thinking? Are you holding onto your silver through this gold rally? Or are any of you rebalancing your portfolios to capitalize on gold’s insane run? My original plan was to just hold everything for the long haul, but this kind of movement makes an investor like me, still pretty new to the physical precious metals game, feel a bit antsy. Any thoughts or experiences from the more seasoned investors would be super appreciated!

3 comments

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Best Answer▲ 5 upvotes

ronald_morris👑Elite (1m-5m)

Congrats on the gold breaking records! That's awesome. You mentioned diversifying a chunk into silver bars – was that $15,000 all in one go, or did you dollar-cost average that over the six months?

Comments (3)

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

Dude, I'm right there with you. My Gold IRA is probably 25% silver, and seeing gold just absolutely launch while silver is... doing its thing... is a bit of a head-scratcher. I had the exact same "upside potential" thought. Guess we'll see if silver decides to play catch-up!

ronald_morris👑Elite (1m-5m)Real Investor•less than a minute ago

Congrats on the gold breaking records! That's awesome. You mentioned diversifying a chunk into silver bars – was that $15,000 all in one go, or did you dollar-cost average that over the six months?

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

Yeah, gold's run has been wild, no doubt. But I wouldn't worry too much about your silver bars just yet. Gold hitting new highs actually often acts as a precursor for silver to catch up, sometimes with even more aggressive moves percentage-wise. Silver tends to lag a bit then boom. You've got $15k in it, which isn't pocket change, but it's also not your entire portfolio. Give it some time; the industrial demand combined with its monetary properties means it's still got serious potential.

I hear you on the "more upside potential" thought though. That's a common feeling with silver. Just be patient. A rising tide lifts all boats, and gold creating new benchmarks usually bodes well for the entire precious metals complex in the long run.

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