Gold vs. Silver: My Roth Rollover Strategy - What's Your Take?
- •Okay, so I've been wrestling with this for a bit now, and I'd love to hear some input from others here.
- •I'm based out of SLC, and generally, I'm pretty bullish on precious metals, especially with everything going on these days.
- •I help a lot of my own clients back home allocate to gold IRAs, so I definitely practice what I preach.
Okay, so I've been wrestling with this for a bit now, and I'd love to hear some input from others here. I'm based out of SLC, and generally, I'm pretty bullish on precious metals, especially with everything going on these days. I help a lot of my own clients back home allocate to gold IRAs, so I definitely practice what I preach.
I finally got around to rolling over an old 401k from a previous job into a Roth Gold IRA a few months back. It was sitting at around $380k before the rollover, and after a bit of back and forth with my custodian, I decided to go with about a 70/30 split – 70% in physical gold (mostly Eagles and some Buffaloes) and 30% in silver (primarily Canadian Maples). My reasoning for the higher gold allocation was primarily for its stability and the long-term historical performance as a store of value. Silver, for me, was more about the industrial demand potential and the higher volatility, which could lead to bigger gains down the road, even if it comes with more risk at a $114,000 allocation.
Lately, though, with silver's recent performance lagging a bit behind gold in some cycles, I'm starting to second-guess that 70/30 split a little. Don't get me wrong, I'm not panicking or anything – I bought into this for the long haul. But I'm wondering if I should have leaned heavier into silver, given its current relatively low price compared to gold. Or, is my current allocation pretty solid for a Roth IRA, considering the tax-free growth and long-term outlook?
Anyone else here have a similar portfolio size or a Roth Gold IRA and have strong feelings one way or another on their gold vs. silver split? What factors drove your decision, and how has it worked out for you?