Why I diversified my Gold IRA with some silver holdings

Charles Lewis

Back to forum

📊 Economy

Why I diversified my Gold IRA with some silver holdings

charles_lewis💎Premium (500k-1m)

about 1 hour ago

Key Takeaways

•I've been a Gold IRA holder for a few years now, initially putting in about $300k when the market started looking shaky around 2020.
•My primary goal has always been wealth preservation, not aggressive growth.
•It's done well for me, providing a nice bit of stability and peace of mind during some pretty wild times.

Get the free Gold IRA guide

I've been a Gold IRA holder for a few years now, initially putting in about $300k when the market started looking shaky around 2020. My primary goal has always been wealth preservation, not aggressive growth. As a lawyer here in Philly, with a good chunk of my portfolio in real estate and traditional investments, I saw gold as the ultimate hedge against inflation and frankly, any major economic shenanigans. It's done well for me, providing a nice bit of stability and peace of mind during some pretty wild times.

Lately though, I've been doing a lot more reading and listening to some of the more contrarian opinions out there. While gold is the classic safe haven, I started feeling like I was potentially missing out on some upside, or at least a different kind of hedge, by being 100% gold in my precious metals allocation. That's when I seriously started looking at silver.

My thinking went like this: gold is monetary, silver is both monetary and industrial. With the push for green energy, EVs, and all sorts of tech, the industrial demand for silver seems like it's only going to increase dramatically. Plus, the gold/silver ratio has been historically high, suggesting silver might be undervalued relative to gold right now. So, a few months ago, I decided to rebalance a portion of my gold IRA. I moved about $75k out of gold and into physical silver. It wasn't an easy decision, as I really value the stability of my gold, but I felt it was a smart move for long-term diversification within my precious metals.

I'm now sitting with roughly an 80/20 split between gold and silver in that part of my portfolio, which feels like a good balance for my overall wealth preservation strategy heading into what could be some interesting economic times. Has anyone else here diversified into silver within their precious metals IRA? What were your reasons, and how are you feeling about that decision now? Always curious to hear other perspectives from those in a similar boat.

3 comments

Your purchasing power dropped 25% since 2020

Gold outpaced inflation every decade for 50 years. See what it could do for your IRA.

Under $100k? Compare options →

42 people viewed this today4 members requested a free kit this week7 investors bookmarked this

Best Answer▲ 9 upvotes

susan_clark💰Established (100-250k)

Interesting strategy! When you say you diversified with silver, did you go with a specific percentage of your total IRA, or was it more of an opportunistic buy based on silver prices at the time?

Comments (3)

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

Totally get it. I did something similar a couple years back, though on a much smaller scale. Had my Gold IRA humming along, but decided to add some silver for that extra diversification perk. Felt like a good move, especially with how things have been. It’s comforting to have that added layer of protection.

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

Interesting strategy! When you say you diversified with silver, did you go with a specific percentage of your total IRA, or was it more of an opportunistic buy based on silver prices at the time?

sandra_green📊Growing (50-100k)✓ Verified•less than a minute ago

Interesting take. While I get the diversification angle, with a Gold IRA specifically, I always thought the whole point was to stick with gold for its stability and long-term value. Adding silver, which tends to be more volatile, seems to kinda defeat the purpose of "wealth preservation" compared to just having more gold. Especially if you're looking at a larger sum like 300k, maybe a slightly different allocation could have been more effective for that specific goal?

The Fed can't print gold — that's the point

Learn why retirees are moving savings into physical metals. Free investor kit.

Under $100k? Compare options →