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    πŸ₯ˆ Silver IRA

    Just hit my silver stacking goal for my Gold IRA - what's next?

    Key Takeaways
    • β€’Finally reached my personal goal of getting my Gold IRA up to $100k in silver!
    • β€’The appeal of silver, for me, is definitely its industrial demand and lower price point for more ounces.
    • β€’Plus, it just *feels* more tangible than a digital asset, you know?
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    Finally reached my personal goal of getting my Gold IRA up to $100k in silver! It’s been a slow grind over the past few years, especially with the crazy market swings, but as an accountant here in Atlanta, I really appreciate the tax-advantaged growth. My initial investment was a lump sum from a 401k rollover about four years ago, split 70/30 gold to silver, but I’ve been almost exclusively stacking silver since then. The appeal of silver, for me, is definitely its industrial demand and lower price point for more ounces. Plus, it just feels more tangible than a digital asset, you know?

    My strategy has been pretty simple: dollar-cost averaging every month, buying whatever pre-1965 junk silver I can find at decent premiums, along with some Eagles and Elephants. I’m thinking now that I’ve hit my $100k mark for silver, I should start re-evaluating my overall allocation. My total portfolio is around $200k right now, so silver is a good chunk of that. I'm starting to think about my RMDs down the line – I’m still a good 20 years out, but my dad just started taking his, and it's got me thinking about the future distributions from this account. I found this RMD Calculator online and it’s been pretty helpful for projecting out what those might look like, which is definitely feeding into my rethink.

    So, now that I’ve hit my silver goal, should I pivot back to gold exclusively for a while? Or diversify within the precious metals (platinum/palladium)? Part of me feels like I should ride the silver wave a bit longer, especially with all the talk about industrial demand increasing. But the other part of me, the more conservative accountant side, is thinking about rebalancing and reducing my silver exposure slightly given its volatility compared to gold. Any advice from long-term stackers on shifting strategies once you hit a major milestone?

    What are your thoughts on a 50/50 gold/silver split for an IRA in the current economic climate? I'm curious what others are doing with their precious metals IRAs, especially those of you who have larger portfolios or are closer to retirement age. I'm always looking for different perspectives on how people are managing the long game with these assets.

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    3 comments

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    Best Answerβ–² 10 upvotes
    R
    ronald_morrisπŸ‘‘Elite (1m-5m)

    Congrats on hitting that goal, that's awesome! I had a similar experience a few years back with my own Gold IRA, though on a much smaller scale. Once I hit my initial silver target, I actually started looking into some of the more niche platinum and palladium options. It added a nice bit of diversification. Have you considered any of those, or strictly sticking to the classic precious metals?

    Comments (3)

    10
    ronald_morrisπŸ‘‘Elite (1m-5m)Real Investorβ€’about 2 hours ago

    Congrats on hitting that goal, that's awesome! I had a similar experience a few years back with my own Gold IRA, though on a much smaller scale. Once I hit my initial silver target, I actually started looking into some of the more niche platinum and palladium options. It added a nice bit of diversification. Have you considered any of those, or strictly sticking to the classic precious metals?

    10
    joseph_harrisπŸ“ŠGrowing (50-100k)β€’about 2 hours ago

    Congrats on hitting your goal! That's a huge milestone. Just curious, when you say "Gold IRA up to $100k in silver," does that mean you have a dedicated silver IRA, or are you holding silver within a broader Gold IRA account? I'm trying to figure out the best approach for my own diversification.

    3
    betty_kingπŸ“ŠGrowing (50-100k)β€’about 2 hours ago

    Hey, congrats on hitting your goal! That's awesome dedication. While silver definitely has its place, have you considered diversifying a bit more into actual gold for your Gold IRA, especially now that you've hit your silver target? Gold tends to be a bit more stable in terms of its historical performance and often fulfills that "safe haven" role a bit more traditionally, even with the market's current craziness. Just a thought to balance things out!

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