Inflation fears got me seriously looking at more gold for the IRA lately

Steven Mitchell

Back to forum

🪙 Gold Coins

Inflation fears got me seriously looking at more gold for the IRA lately

steven_mitchell🏆Advanced (250-500k)

about 8 hours ago

Key Takeaways

•Anyone else feeling this squeeze lately?
•I'm based out of Cleveland, manufacturing exec, and seriously, the cost of raw materials and everything else just keeps creeping up.
•We're seeing it on the business side, and I'm definitely seeing it in my personal life too.

The 3-step rollover process explained

Anyone else feeling this squeeze lately? I'm based out of Cleveland, manufacturing exec, and seriously, the cost of raw materials and everything else just keeps creeping up. We're seeing it on the business side, and I'm definitely seeing it in my personal life too. My wife and I were just looking at grocery bills, and it's insane. This isn't just "transitory" anymore, it feels like we're in for a sustained period of higher inflation, and it's making me increasingly nervous about just holding paper.

I've already got about 15% of my 401k rolled into a Gold IRA, roughly $60k of my $400k total portfolio, mostly American Gold Eagles and some Canadian Maples. I made that move about three years ago when things first started looking shaky, and honestly, it’s been a great hedge. But now, with inflation really kicking in, I'm thinking about increasing that allocation. I'm wondering if I should be targeting closer to 20-25% over the next year or so, especially given how much global instability there is right now on top of the domestic stuff.

My concern is obviously timing the market, but also making sure I'm still diversifying effectively. Gold coins are my preference – tangible assets, not some ETF. My dad always swore by hard assets, and it’s something that’s always resonated with me. I was actually playing around with that Eligibility Checker over at https://eligibility.goldirablueprint.com/ the other day just to confirm my current setup still qualifies and if there were any new rules I should be aware of for future contributions. Pretty straightforward tool, actually.

So, for those of you with significant portions of your retirement in physical gold, what's your current outlook on increasing your holdings because of inflation? Are you buying dips, or just dollar-cost averaging in? Any particular types of coins you're favoring right now for IRAs, or just sticking to the popular stuff like Eagles and Buffalos?

3 comments

The biggest mistake retirees make with their 401(k)

Most people don't diversify until after a crash. Get the free guide and protect your nest egg.

Under $100k? Compare options →

61 people viewed this today7 members requested a free kit this week10 investors bookmarked this

Best Answer▲ 6 upvotes

margaret_chen🏆Advanced (250-500k)

Totally get the inflation anxiety, it's real. But I've been wondering if gold is always the go-to safe haven it's made out to be, especially for an IRA. It's historically been a good hedge, sure, but what about its performance during periods of rising interest rates? Sometimes other assets, even certain stocks or real estate, can offer better inflation protection with potential for growth. Just a thought to consider alongside the gold rush!

Comments (3)

andrew_roberts👑Elite (1m-5m)Real Investor✓ Verified•less than a minute ago

Totally get this. I'm in commercial real estate in Phoenix, and the jump in construction costs alone is wild. Started shifting more of my retirement towards physical gold in my IRA last year for similar reasons. It's a weird feeling feeling like you *have* to do something like this, but better safe than sorry, right?

charles_lewis💎Premium (500k-1m)Real Investor•less than a minute ago

Totally get that, the inflation monster is real. When you say "more gold," do you mean you already have some in your IRA, or is this a new venture for you?

margaret_chen🏆Advanced (250-500k)Real Investor•less than a minute ago

Totally get the inflation anxiety, it's real. But I've been wondering if gold is *always* the go-to safe haven it's made out to be, especially for an IRA. It's historically been a good hedge, sure, but what about its performance during periods of rising interest rates? Sometimes other assets, even certain stocks or real estate, can offer better inflation protection with potential for growth. Just a thought to consider alongside the gold rush!

The biggest mistake retirees make with their 401(k)

Most people don't diversify until after a crash. Get the free guide and protect your nest egg.

Under $100k? Compare options →