How my Gold IRA has performed over 5 years (and why I'm still bullish)

Paul Hill

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How my Gold IRA has performed over 5 years (and why I'm still bullish)

paul_hill🏆Advanced (250-500k)

3 days ago

Key Takeaways

•Thought I'd share my experience with my Gold IRA for anyone on the fence or just curious about real-world performance.
•I opened mine almost exactly 5 years ago, March 2019, right before things got wild.
•I was putting in around $150k then, a decent chunk of my retirement savings at the time, and definitely felt a bit of trepidation.

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Thought I'd share my experience with my Gold IRA for anyone on the fence or just curious about real-world performance. I opened mine almost exactly 5 years ago, March 2019, right before things got wild. I was putting in around $150k then, a decent chunk of my retirement savings at the time, and definitely felt a bit of trepidation. My financial advisor here in SLC (she’s great, actually helps a lot of clients diversify with precious metals) was the one who really walked me through the process and the benefits of hedging against inflation and market volatility. Looking back, it was a seriously good call.

My initial motivation was primarily diversification and inflation protection. I had a good chunk in stocks, but the thought of another 2008 or dot-com bust made me edgy. I didn’t want all my eggs in one basket. Fast forward to today, that initial $150k has grown closer to $210k. That’s roughly a 40% return, or about 7% annually. Not going to make me a billionaire overnight, but considering the insane volatility we’ve seen in other markets, especially with inflation peaking, I’m thrilled. It held its value, and then some, when much of my other portfolio was taking a hit.

I know some people bash gold as a "boomer" investment or say it doesn't pay dividends, blah blah. And yeah, it’s not a growth stock. But for stability and peace of mind during uncertain times? Absolutely priceless. My advisor always says, "It’s about wealth preservation when everything else is going nuts," and she's been proven right for me. The global economic outlook still feels pretty shaky with all the geopolitical stuff going on, and interest rates, and deficits... I honestly expect gold to continue performing well as a safe haven.

Anyone else have similar timelines or experiences with their Gold IRAs? Or different takes? Always curious to hear how others are navigating these waters. What are your expectations for gold in the next 3-5 years?

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5 comments

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Best Answer▲ 9 upvotes

michael_anderson🏆Advanced (250-500k)

March 2019 was definitely an interesting time to jump in! Curious, what made you decide on such a significant portion ($150k) of your retirement savings for a Gold IRA at that point? Was there a specific event or indicator that pushed you towards it then?

Comments (5)

william_davis💎Premium (500k-1m)Real Investor•2 days ago

Dude, I totally get this. My experience was super similar, though a bit shorter timeframe. Opened mine in late 2020 with a chunk of change I'd been sitting on, and it's been pretty wild to watch. Definitely made me feel good about diversifying then, and still feeling bullish too!

michael_anderson🏆Advanced (250-500k)Real Investor•2 days ago

kenneth_parker💎Premium (500k-1m)Real Investor✓ Verified•2 days ago

Hey, glad to hear you're feeling good about your gold. Diversification is key for sure. Just a thought though, while gold has definitely had a great run recently, especially since 2019, it's worth remembering that past performance isn't always indicative of future results. There have been long stretches where gold was pretty flat, and comparing it to what the broader market did in that same timeframe (even with the 2020 dip) might tell a slightly different story for overall wealth growth. Still, good to have that hedge!

susan_clark💰Established (100-250k)Real Investor•2 days ago

Great post! Always good to see real-world experiences. For anyone looking into this, don't forget to check out the storage options. Some places offer segregated storage, meaning your specific metals are kept separate, not just commingled with others. It's a small detail but can offer extra peace of mind for some folks. Gold.org is a decent resource for general market info too, if you want to dive deeper into overall trends.

steven_mitchell🏆Advanced (250-500k)Real Investor✓ Verified•2 days ago

Glad to hear your Gold IRA has been treating you well! Your experience pretty much mirrors mine. I opened mine around the same time, maybe a month or two after you, with a similar chunk of change. Always makes me feel good to see others having success with it too. Definitely still bullish on gold for the long haul.

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