Just added silver Kookaburras to my Gold IRA - feeling good!
- •Okay, so I've been all-in on gold for my IRA for a while now, probably close to two years since I rolled over a chunk of my old 401k.
- •Got mostly American Gold Eagles and some Canadian Maples, probably sitting around $70k in precious metals right now.
- •Seriously, before this, I was agonizing over every market dip.
Okay, so I've been all-in on gold for my IRA for a while now, probably close to two years since I rolled over a chunk of my old 401k. Got mostly American Gold Eagles and some Canadian Maples, probably sitting around $70k in precious metals right now. As a musician in Nashville, it's been a wild ride with the industry, and having some tangible assets outside of stocks and bonds just gives me a peace of mind I haven't found elsewhere. Seriously, before this, I was agonizing over every market dip.
Lately though, I've been hearing more chatter about silver, especially with the gold/silver ratio being what it is. My advisor mentioned diversifying within precious metals, and honestly, the price point for silver just looked a lot more attainable for building up some significant weight compared to gold. I'm not looking to move mountains here, but I figured it couldn't hurt to add a different flavor to the portfolio.
So, last week, I pulled the trigger and added some Australian Silver Kookaburras to my IRA. Went with those because I loved the design, and they're recognized worldwide, which is always a plus. Ended up putting around $5k into them, which felt like a good initial dip into the silver pool without overcommitting. Getting those confirmation emails felt pretty satisfying. Anyone else here started with gold and then added silver later? What were your reasons?
Still keeping the majority in gold, obviously, given its history and stability, but it feels good to have that little bit of silver in the mix now. It feels like a smart play, especially if silver ever really gets its moment to shine. Curious to hear what others think about holding both in an IRA!