Made a nice chunk of change on my Gold IRA, feeling good about diversifying

Jason Morgan

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🥇 Gold IRA

Made a nice chunk of change on my Gold IRA, feeling good about diversifying

jason_morgan💰Established (100-250k)

about 2 months ago

Key Takeaways

•Just wanted to share a mini-success story for anyone on the fence about physical gold in their retirement.
•I originally rolled over about $100k from an old 401k into a Gold IRA back in 2018.
•Decided to go with a mix of American Gold Eagles and some Canadian Maple Leafs.

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Just wanted to share a mini-success story for anyone on the fence about physical gold in their retirement. I originally rolled over about $100k from an old 401k into a Gold IRA back in 2018. As a military contractor, I've seen firsthand how quickly things can go sideways, and that really hammered home the need for some serious security in my portfolio, especially with all the talk about inflation and currency devaluation. Decided to go with a mix of American Gold Eagles and some Canadian Maple Leafs.

Fast forward to now, and I just checked my statement. That initial $100k is sitting pretty at around $165k. Not life-changing money, but a solid 65% return in five years is nothing to sneeze at, especially when you consider the volatility we've seen in the stock market during that time. I'm based here in Jacksonville, and honestly, seeing that kind of growth in something tangible just gives me a peace of mind that my regular mutual funds can't quite replicate. It's a different kind of security.

I know some people bash gold as a "barbarous relic" and say it doesn't pay dividends, but for me, it's about wealth preservation and acting as a hedge. It's been exactly that. Even with the recent dips and climbs, the overall trend has been very favorable. I'm actually thinking of adding another $25-30k to it next year, depending on how things look.

Anyone else out there had a similar experience with their Gold IRA? Or maybe thinking about getting into one? For those doing their research, I found a lot of useful info on things like storage options and reputable dealers through the Learning Center. It really helped me understand the different types of coins and bars, and what to look for when choosing a custodian. What are your thoughts on allocating a good portion of a portfolio to physical gold for long-term security?

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5 comments

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Best Answer▲ 10 upvotes

laura_sanchez💰Established (100-250k)

That's awesome, congrats! Always good to hear positive experiences. You mentioned the rollover from your old 401k – did you stick with the same custodian for the Gold IRA, or did you shop around for a new one specifically for the precious metals aspect?

Comments (5)

matthew_murphy👑Elite (1m-5m)Real Investor•about 2 months ago

That's awesome to hear! I actually had a super similar experience. Rolled over an old 401k around the same time, though for different reasons – just felt like the market was getting a little too frothy. Seeing those gains has definitely been a relief, especially with all the economic uncertainty lately. Congrats on the smart move!

laura_sanchez💰Established (100-250k)Real Investor✓ Verified•about 2 months ago

catherine_bell🏆Advanced (250-500k)Real Investor•about 2 months ago

Hey, that's awesome you're seeing good returns! It's definitely reassuring when a plan pays off, especially with something as important as retirement.

My only thought on this is that while a Gold IRA *can* be a great hedge and certainly has its place for diversification, it's not always the fastest horse in the race when it comes to capital appreciation. Sometimes I wonder if that same $100k in a diversified S&P 500 fund since 2018 would have performed even better, even with the market's ups and downs. Still, peace of mind and stability are worth a lot, and gold definitely delivers there.

donald_nelson💎Premium (500k-1m)Real Investor✓ Verified•about 2 months ago

That's awesome, congrats on the gains! It really shows the power of diversification, especially with something as stable as gold. For anyone looking into this, a quick tip: make sure you understand the storage options for physical gold in a Gold IRA. Some providers offer segregated storage, which means your specific bars are kept separate, while others use commingled. Good luck!

helen_turner💰Established (100-250k)Real Investor•about 2 months ago

Totally agree with this! Also rolled over a chunk of my old 401k into a Gold IRA, though a bit later in early 2020. The peace of mind alone has been worth it, but the returns haven't hurt either. Definitely feeling good about that decision now.

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