Got a gold IRA, wondering if I should add some silver into the mix now?

Matthew Murphy

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Got a gold IRA, wondering if I should add some silver into the mix now?

matthew_murphy👑Elite (1m-5m)

about 2 months ago

Key Takeaways

•Okay, so I went all in on gold for my IRA, like, 90% of my retirement funds are chilling in physical gold through a reputable outfit.
•I cashed out my tech company a few years back – it was a good run, 15 years building it up, and the exit was...
•well, let's just say it put me squarely in the 7-figure club.

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Okay, so I went all in on gold for my IRA, like, 90% of my retirement funds are chilling in physical gold through a reputable outfit. I cashed out my tech company a few years back – it was a good run, 15 years building it up, and the exit was... well, let's just say it put me squarely in the 7-figure club. Been living in Dublin, OH, enjoying not having to code at 3 AM. The gold thing felt like the no-brainer move for long-term wealth preservation, especially with all the economic uncertainty out there.

But lately, I've been thinking about silver. I know, I know, gold is the ultimate safe haven, but silver has that dual industrial/monetary role that's always intrigued me. Plus, it just feels more accessible, you know? Like, if things really went south, having some readily usable silver coins for bartering or smaller transactions seems smart. I'm talking about maybe like 5-10% of my current gold value, so not a huge chunk, but enough to feel like I've diversified a bit within the precious metals space.

Is anyone here doing a gold-heavy, silver-light strategy for their IRA? Or even outside of their IRA? I'm curious about the logistics, especially for physical silver. My gold is all vaulted, but for silver, I'm thinking about taking delivery of some Eagles or Maples. What are the best practices for storage if I go that route? And are there any specific types of silver (bullion, junk silver, etc.) that people recommend for this kind of allocation? Any insights from folks who've been stacking silver for a while would be super helpful. Just trying to refine my long-term strategy here.

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12 comments

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Best Answer▲ 18 upvotes

david_brown💎Premium (500k-1m)

Been looking into this myself — the fees on some of these custodians are wild. Anyone found one that doesn't gouge you?

Comments (12)

patricia_miller📊Growing (50-100k)✓ Verified•about 2 months ago

Man, I hear you on this. I did something similar a few years ago. After a pretty sweet stock option payout, I diversified a chunk into a gold IRA. Now I'm in the same boat, looking at silver and wondering if it's worth adding. Seems like a logical next step for more diversification within precious metals. Let me know what you decide!

andrew_roberts👑Elite (1m-5m)Real Investor✓ Verified•about 2 months ago

Hey, super interesting situation! Sounds like you had an epic exit from that tech company, congrats on that. My question is, when you say "90% of my retirement funds are chilling in physical gold," does that include other accounts or just the IRA? Just curious about the overall allocation.

james_wilson👑Elite (1m-5m)Real Investor✓ Verified•about 2 months ago

Interesting strategy going so heavy on gold from the jump. While silver definitely has its place and can offer some diversification within precious metals, 90% in gold already is a pretty significant allocation to one asset class, even a historically stable one. Maybe consider if broadening beyond just precious metals might be a more impactful diversification move at this point, especially with such a substantial sum. Just a thought!

diane_bailey💰Established (100-250k)Real Investor•about 2 months ago

Hey, that's a great position to be in! Diversifying with some silver can definitely be a smart move, especially given its industrial demand. Gold and silver often move in a correlated way, but silver can sometimes be more volatile, offering different opportunities.

One thing to consider is the gold-to-silver ratio. It's a historical indicator that savvy investors watch. When the ratio is high (meaning gold is expensive relative to silver), some people see it as a good time to buy silver. You can find charts online that track this over time – just Google "gold silver ratio" and you'll get plenty of resources to help you analyze it. Good luck!

diane_bailey💰Established (100-250k)Real Investor•about 1 month ago

I was pretty skeptical about another gold IRA forum but the tools here on GIRAB actually surprised me — the calculator alone saved me hours of spreadsheet work.

nancy_hall💰Established (100-250k)Real Investor•about 1 month ago

My advisor told me 10-15% in gold is the sweet spot but I went heavier. We'll see how it plays out.

frank_rivera💎Premium (500k-1m)Real Investor•about 1 month ago

I keep going back and forth between gold and silver allocations. The gold-to-silver ratio right now is making silver look attractive.

david_brown💎Premium (500k-1m)Real Investor•about 1 month ago

Been looking into this myself — the fees on some of these custodians are wild. Anyone found one that doesn't gouge you?

william_davis💎Premium (500k-1m)Real Investor•about 1 month ago

I rolled over about $80k last year. Honestly the hardest part was just picking which metals to hold. Still second-guessing myself.

sharon_evans💰Established (100-250k)Real Investor•about 1 month ago

Ngl I came here expecting the usual affiliate spam but the discussions are actually decent. Way better info than what I was getting from my old advisor.