Holding silver coins - recession-proofing thoughts w/ RMD stuff
- •Been seeing a lot of chatter lately about a potential recession, and it got me thinking about my own portfolio.
- •I've been in gold and silver for over 20 years now, mostly physical, sitting on a good chunk of silver coins right now.
- •Seen enough ups and downs in the auto industry here in Detroit to know that you gotta be prepared for anything.
Been seeing a lot of chatter lately about a potential recession, and it got me thinking about my own portfolio. I've been in gold and silver for over 20 years now, mostly physical, sitting on a good chunk of silver coins right now. Seen enough ups and downs in the auto industry here in Detroit to know that you gotta be prepared for anything. Ended up retiring earlier than I thought possible thanks to some smart moves, and honestly, a big part of that was my precious metals strategy.
I currently hold around $750k in my entire portfolio, and a decent portion of that is in precious metals. I've always viewed silver as a more accessible and sometimes more volatile play than gold, especially for hedging against inflation and a downturn. It's done well for me when times were tough, acting as a real safe haven. But now, with inflation still a concern and the economy feeling a bit shaky, I’m questioning if my current allocation is still optimal. Part of me thinks, "stick to the plan," but another part wonders if I should be rebalancing a bit more into gold or even looking at some other hard assets.
For those of you with significant precious metals holdings, especially silver coins, what are your thoughts on recession-proofing right now? Are you holding steady, or are you making any adjustments? Also, for us older folks who are approaching or already in RMD territory, how are you factoring potential market volatility into your Required Minimum Distributions? I’ve been using the RMD Calculator at Gold IRA Blueprint to project things out, which has been super helpful, but nothing beats real-world experience and advice. Would love to hear how others are strategizing.