Is silver's industrial demand going to save my IRA?
- •I've been thinking a lot lately about silver, particularly how much industrial demand is projected to grow.
- •We've got a decent chunk in there, around $75,000 in a mix of gold and silver IRAs.
- •It feels like silver is in everything now, doesn't it?
I've been thinking a lot lately about silver, particularly how much industrial demand is projected to grow. My financial advisor here in Raleigh has always been a big proponent of physical assets, and after my late husband passed, it felt like the right move to protect the IRA he worked so hard for. We've got a decent chunk in there, around $75,000 in a mix of gold and silver IRAs.
I know gold is the classic hedge, but I sometimes wonder if my silver holdings are going to outperform it in the long run, especially with all the talk about solar panels, EVs, and electronics. It feels like silver is in everything now, doesn't it? I'm hoping that increased demand really pushes the price up. Most of my IRA is in gold, but about $20,000 is in silver and I’m just trying to make sure I’ve made the right decision with that allocation. It’s hard enough figuring all this out on my own sometimes.
Are any of you other investors heavily invested in silver because of this industrial demand factor? And if so, what kind of growth are you realistically expecting in the next 5-10 years? I'm trying to balance protecting what we have with making sure it grows enough to help me maintain things down the line. I just want to ensure my husband’s legacy is well-looked after.