Gold in my IRA for inflation - anyone else doing this? (250k portfolio)

Steven Mitchell

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Gold in my IRA for inflation - anyone else doing this? (250k portfolio)

steven_mitchell🏆Advanced (250-500k)

about 7 hours ago

Key Takeaways

•Just checking in on a strategy I’ve been using for a bit and curious if others here are on the same page.
•I'm a big believer in hard assets – always have been, comes with the territory in my industry I guess.
•So about a year and a half ago, I started moving a portion into a Gold IRA.

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Just checking in on a strategy I’ve been using for a bit and curious if others here are on the same page. With all the endless talk about inflation these days, and honestly, seeing the price of everything from gas to a gallon of milk here in Cleveland go up, it’s got me really thinking about protecting my retirement savings.

I've got a decent chunk in my IRA, hovering around the $350k mark thanks to a good run with some manufacturing stocks, but the thought of that value getting eaten away by inflation makes me queasy. I'm a big believer in hard assets – always have been, comes with the territory in my industry I guess. So about a year and a half ago, I started moving a portion into a Gold IRA. I’ve put about $70k in so far, mostly in physical gold American Eagles, held directly. The idea was primarily to act as an inflation hedge, and so far, it feels good knowing that chunk isn't just sitting in paper assets.

Anyone else here actively using gold as their main inflation protection strategy within their IRA? Are you diversified with other metals too, like silver coins? I’ve thought about adding some silver to the mix for even more diversification, but haven’t pulled the trigger yet. What are your general thoughts on the effectiveness of gold specifically for inflation in our current economic climate? I'm trying to balance growth with genuine protection.

Also, if you're new to the Gold IRA concept and wondering about it, I found this Gold IRA Quiz pretty helpful myself when I was first looking into it a couple years back. It’s a good starting point to see if it even aligns with your goals. Anyway, super interested to hear how others are approaching this.

5 comments

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Best Answer▲ 10 upvotes

carol_carter💰Established (100-250k)

Interesting strategy, OP. While I get the appeal of gold as an inflation hedge, I'm personally a bit more cautious about putting a significant chunk of my IRA into it. Historically, its performance during inflationary periods has been a bit of a mixed bag, and it doesn't offer the same income generation as other assets.

I'm more diversified with some real estate and dividend stocks as my inflation-fighting mainstays. But hey, different strokes for different folks, especially with a 250k portfolio where you have more room to experiment. Curious to see what other people are doing.

Comments (5)

karen_robinson💼Starter (0-50k)•less than a minute ago

Totally agree with you man. I've been doing the same thing for the past couple of years with a portion of my IRA. Just feels like a no-brainer with how things are going. My portfolio is a bit smaller than yours, around 150k, but I've definitely seen that peace of mind you're talking about.

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

Totally get where you're coming from, OP. I actually started doing something similar a few years back with a portion of my portfolio. Not quite 250k, but enough to make a difference. Felt like a no-brainer with how things were looking, and honestly, it's given me a surprising amount of peace of mind. Haven't regretted it.

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

Hey, interesting strategy! What percentage of your $250k portfolio are you allocating to gold in your IRA, if you don't mind sharing? I'm curious about the specific weighting you're using for this inflation hedge.

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

charles_lewis💎Premium (500k-1m)Real Investor•less than a minute ago

Hey there! Sounds like a smart move to consider gold for inflation protection, especially with a portfolio of that size. A lot of people are thinking along similar lines right now.

One thing to keep in mind is the storage of physical gold within an IRA. It's not like you can just stash it under your bed. Make sure you're using an IRS-approved depository. A good resource to check out for more specifics on that is the IRS's own website – they have a section on "Permissible Investments" for IRAs that's super helpful. Good luck!

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