Just added silver to my Gold IRA - here's why + a few questions

Helen Turner

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Just added silver to my Gold IRA - here's why + a few questions

helen_turner💰Established (100-250k)

1 day ago

Key Takeaways

•Figured I'd share a bit about my recent move with my IRA.
•I've had a decent chunk in gold for a while now – probably around $150k-$170k in precious metals overall.
•After a good long discussion, we decided to add some silver to the mix.

See what your 401(k) could look like in gold

Figured I'd share a bit about my recent move with my IRA. I've had a decent chunk in gold for a while now – probably around $150k-$170k in precious metals overall. My financial advisor and I were looking at diversification, and honestly, the thought of having all my eggs in one basket, even a shiny gold one, started to feel a little uncomfortable. We've got the horse farm out here near Prospect, and let me tell you, you learn a lot about hedging your bets when you're dealing with live animals and volatile hay prices, so I'm always looking for practical ways to secure things.

After a good long discussion, we decided to add some silver to the mix. It wasn’t a huge allocation, just under $20k for now. My primary reason was simple: affordability and industrial demand. Gold is great for a store of value, don't get me wrong, but silver feels like it has more upside potential if things get really wild or if industry picks up even more globally. Plus, it's just generally more accessible for smaller purchases if I ever wanted to liquidate a portion without touching the bigger gold bars.

One tool I found helpful while researching was this "Silver vs Stocks" thing – gives a pretty clear picture comparing silver's performance over various periods against the stock market. I was looking at the 10-year view, and it really helped solidify my decision to add it to the mix, even if it's just a smaller percentage of my overall portfolio. It’s at https://silvervsstocks.goldirablueprint.com/?period=10Y if anyone else is curious.

My main question for you all, especially those who have a diversified precious metals IRA: What percentage split do you maintain between gold and silver? Are you more 80/20, 70/30, or something else entirely? Also, any specific types of silver coins or bars you recommend for an IRA, or any to perhaps avoid that are still IRA-eligible? I went with some American Silver Eagles and Canadian Maple Leafs for now, but always open to learning more from others' experiences.

4 comments

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Best Answer▲ 7 upvotes

carol_carter💰Established (100-250k)

Hey, that's awesome you're expanding your precious metals! Diversification within your IRA is always a smart move. Since you're looking into adding more, a neat trick I learned is to check the melt value vs. the premium on coins and bars. Sometimes you can find great deals on specific types of silver that are closer to spot price, especially if you're not solely focused on numismatics. There are some good online calculators for this, like on JM Bullion or APMEX, that can help you compare.

Good luck with the rest of your investing journey!

Comments (4)

richard_garcia👑Elite (1m-5m)Real Investor•1 day ago

Totally get this! I actually did something similar last year. Had a good chunk in gold, but after seeing silver's performance and reading up on its industrial demand, it just made sense to add some to my metals IRA. Still mostly gold, but the silver feels like a good hedge. Thinking of adding platinum next, if the market dips a bit more. What kind of silver did you go with?

charles_lewis💎Premium (500k-1m)Real Investor•1 day ago

Interesting move! I've been thinking about adding silver too. You mentioned your financial advisor was looking at diversification. Did they recommend a specific percentage of your portfolio to be in silver, or was it more of a general "let's add some" kind of discussion?

gary_stewart📊Growing (50-100k)•1 day ago

That's an interesting move adding silver! While diversification is always smart, I've always leaned more towards keeping my precious metals IRA focused primarily on gold. Silver's great, but its industrial demand makes it a bit more volatile, which somewhat goes against the stability I'm looking for in my retirement accounts. Just a thought, but I wonder if pure gold offers a more consistent hedge for the long haul. Good luck with your portfolio!