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