Rebalancing - Ditching some silver for gold?

Kenneth Parker

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Rebalancing - Ditching some silver for gold?

kenneth_parker💎Premium (500k-1m)

about 7 hours ago

Key Takeaways

•Okay, so I'm looking at my portfolio right now and trying to figure out the best way to rebalance.
•I've got a decent chunk in precious metals, probably around 20-25% of my overall 750k, and a good portion of that is actually in silver coins.
•I started accumulating them back in the day, thinking it was a good hedge, but frankly, it's feeling a bit heavy right now.

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Okay, so I'm looking at my portfolio right now and trying to figure out the best way to rebalance. I've got a decent chunk in precious metals, probably around 20-25% of my overall 750k, and a good portion of that is actually in silver coins. I started accumulating them back in the day, thinking it was a good hedge, but frankly, it's feeling a bit heavy right now. I'm a logistics guy, so I think about efficiency constantly, and right now, all this physical silver in a vault feels less efficient than it used to.

My business here in Memphis is doing well, and I'm starting to seriously think about succession planning in the next 5-7 years, so my focus is shifting more towards wealth preservation and less on chasing massive gains. The silver just isn't giving me the peace of mind I'm looking for in that context. I'm contemplating selling off a good percentage of my silver coins and rolling that into a Gold IRA. I like the idea of more substantial holdings and less volatility, especially as I get closer to retirement. I've been eyeing that Gold vs Stocks Comparison tool and seeing how gold has held up over the past 10 years really reinforces that feeling.

Has anyone here made a similar move, swapping out a significant portion of their silver for gold? Did you regret it? I'm debating whether to go for physical gold within the IRA or just stick to a reputable gold ETF for now. The hassle of moving metals around is always a consideration. Would love to hear some perspectives on this. Is now a good time to make such a move, or should I wait?

4 comments

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Best Answer▲ 9 upvotes

donald_nelson💎Premium (500k-1m)

Interesting thought! So when you say "silver coins," are we talking about modern bullion coins like Eagles or Maples, or more like pre-1965 junk silver? The liquidity might be a bit different depending on what you've got.

Comments (4)

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

I totally get this. I was in a similar boat a few years ago. Had a pretty significant pile of silver I'd picked up over the years and started feeling like it was just sitting there, not really doing much compared to the gold. Ended up selling off about half of it and putting that into more gold. No regrets!

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

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

Hmm, interesting thought process. While rebalancing is definitely smart, I'd be a bit hesitant to ditch *too* much silver right now. Gold is great for stability, sure, but silver often has more upside potential in a bull run due to its industrial demand.

Maybe instead of a full pivot, consider diversifying within your precious metals a bit more? Or perhaps just a smaller swap to bring your gold/silver ratio a bit closer to what you're comfortable with, rather than a big chunk. Just a thought!

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

Hey, totally get the rebalancing thought process. Silver's had its moments, but gold definitely feels like a more stable long-term play, especially for a significant portion of your portfolio. When you're looking to swap out some of that silver for gold within your IRA, remember that not all gold is IRA-eligible (e.g., you can't just toss in any old gold jewelry).

You'll want to focus on things like American Gold Eagles, Canadian Gold Maple Leafs, or PAMP Suisse bars. The IRS has a good page on what's considered a "collectible" and therefore not allowed in an IRA. Good luck with the rebalance!

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