Gold breaking all-time highs - what now for silver?

Matthew Murphy

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Gold breaking all-time highs - what now for silver?

matthew_murphy👑Elite (1m-5m)

about 6 hours ago

Key Takeaways

•So, gold just smashed through $2,400.
•Honestly, I'm feeling a mix of relief and a little bit...
•My co-founder still sends me memes about "boomer rocks." Laugh's on him now, though, right?

See what your 401(k) could look like in gold

So, gold just smashed through $2,400. Honestly, I'm feeling a mix of relief and a little bit... what's the word? Bewildered? When I sold off the bulk of my tech company shares back in 2020 and poured a significant chunk, about $2 million initially, into my Gold IRA, people thought I was nuts. My co-founder still sends me memes about "boomer rocks." Laugh's on him now, though, right?

Living here in Dublin, OH, it’s not exactly a hotbed of gold bugs, so most of my finance bros were pushing SaaS portfolios or crypto. But seeing gold climb past its previous peaks, especially when you're looking at a 20%+ gain on a substantial portion of your net worth, it makes you feel pretty darn good about trusting your gut. The original plan was always preservation and a hedge against inflation, which, let's be real, has been a bigger beast than anyone predicted back then. I was sitting on about $3.5M in the Gold IRA before this latest surge, and now it's just wild to watch the numbers move.

My question for you all, especially those who've been in this game longer than my relatively few years: with gold hitting these records, what does that typically mean for silver? I’ve got some silver bars — mostly Eagles and Maples — that I picked up as a bit of a diversification play within the precious metals space. We’re talking about maybe 150k worth, nothing huge, but it's part of the picture. Historically, silver tends to track gold, but often with bigger swings. Are we anticipating a massive catch-up rally for silver, or does the gold-silver ratio just widen further in times like these?

Part of me wants to allocate more to silver right now, thinking it's undervalued compared to gold, but another part just wants to hold tight to what I've got and enjoy the ride. What are your thoughts on silver's prospects given gold's current performance? Is anyone here making moves, either buying or selling silver, based on these new gold highs?

5 comments

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Best Answer▲ 10 upvotes

ruth_perez📊Growing (50-100k)

Seriously, right? I had a similar feeling last year when gold hit like $2k again. I'd been holding onto some silver coins and bars for ages, mostly as a "just in case" thing, but then the gold run got me wondering if I should've diversified more into it sooner. Pretty wild to see these numbers.

Comments (5)

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

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

Congrats on the foresight to get into gold back then! That's a serious return. Out of curiosity, when you shifted that $2 million, did you put any of it into silver at the same time, or was it purely a gold play for you?

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

Totally get the bewilderment, but I'm not so sure gold hitting new highs automatically spells doom or gloom for silver. Historically, silver has often lagged behind gold in the initial stages of a precious metals bull run, only to catch up (and sometimes even outperform) later on. I'm actually looking at this as a potential buying opportunity for silver, not a signal to dump it.

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

Totally get that bewildered feeling! It's wild to see gold soaring like this. With gold making these moves, it's definitely got me thinking about silver too.

For anyone else wondering "what now for silver?", I found this article from Kitco really insightful recently: "Silver price rally is just getting started, say analysts". It touches on some of the factors that could push silver higher. Might be worth a read!

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

Totally agree with you man, it's wild seeing gold just keep climbing. I transferred about $750k from my 401k into a gold IRA back in late 2021 when things were looking a bit shaky. Honestly, I thought I was a little late to the party then, but glad I did it now.

The silver question is a good one. It feels like it *should* follow, but it's always been a bit more volatile. I keep hoping for a big catch-up. What's your gut feeling?

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