My 5-year Gold IRA: Up 28% and feeling good, curious about others' experiences
- •Just hitting my 5-year mark with my Gold IRA and wanted to share my experience, mostly to see if others have similar returns or different strategies.
- •I started this whole thing back in early 2019, right before all the craziness, actually.
- •My initial investment was about $75k, mostly rolled over from an old 401k sitting stagnant.
Just hitting my 5-year mark with my Gold IRA and wanted to share my experience, mostly to see if others have similar returns or different strategies. I started this whole thing back in early 2019, right before all the craziness, actually. My initial investment was about $75k, mostly rolled over from an old 401k sitting stagnant. I'm a healthcare admin here in Tampa, so stability and long-term security really appeal to me, especially with all the economic chatter.
My portfolio is now sitting at roughly $96k, which, if my quick math is right (and it usually is, thank goodness for spreadsheets), is about a 28% increase. That's not blowing anyone’s mind compared to the S&P over the same period, I know. But honestly, I'm genuinely pleased with that. It’s been steady, reliable growth, and the peace of mind knowing a portion of my retirement isn't tied directly to the stock market's rollercoaster rides is huge for me. I've only made one additional deposit since my initial rollover, about $10k in late 2021 when I felt a bit nervous about inflation spiking.
I went with a pretty standard mix of American Gold Eagles and Canadian Gold Maples. My original broker was pretty good about walking me through the tax implications and storage options. I opted for segregated storage, felt a little more secure that way. I occasionally check the spot price, but mostly I just let it ride. I’m thinking about adding another $15-20k sometime in the next 12-18 months. Does anyone else here only check their statements once a quarter or less?
For those of you who have been in the gold IRA game longer than me, or even just started, what are your thoughts on potential future growth? Are you diversifying into other precious metals within your IRA, like silver or platinum? I've stuck purely to gold so far, but I’m always open to learning more. I’ve seen some ads for silver IRAs lately, but haven’t really dug into it. Any thoughts on diversifying the precious metal holdings themselves?