My 5-Year Gold IRA - Worth the Weight in Gold (Literally)
- •Just hit the 5-year mark on my current Gold IRA, and thought I'd share some thoughts and figures for anyone on the fence or just curious.
- •Remember back in early 2019, things were looking a little shaky, and my usual investments in oil and gas felt...
- •well, a bit too exposed.
Just hit the 5-year mark on my current Gold IRA, and thought I'd share some thoughts and figures for anyone on the fence or just curious. Remember back in early 2019, things were looking a little shaky, and my usual investments in oil and gas felt... well, a bit too exposed. I’d been in gold for about 15 years at that point, mostly physical smaller holdings, but decided to really diversify a chunk of my portfolio with a Gold IRA. I rolled over about $300k from an old 401k, mostly into American Eagles and Canadian Maples.
Fast forward to now, that initial $300k is sitting comfortably north of $450k. Now, that's not pure profit, obviously, you have to account for any fees, but it's a solid 50% increase over five years. And honestly, it’s not just about the numbers for me. Being in Dallas, I've seen booms and busts in energy more times than I can count. Having that physical gold, knowing it's there, has been a huge psychological comfort during some of these crazier economic swings we've seen. It’s hard to put a price on that peace of mind, especially when you’re looking at retirement in the next decade or so.
I know some people bash precious metals for not offering dividends or quick growth, but for someone like me who values stability and a hedge against inflation and market volatility, it’s been a no-brainer. I’m thinking about adding another $100k or so this year, maybe diversify into some bars this time for slightly lower premiums. What are others seeing in their Gold IRAs over the last few years? Anyone thinking of making a substantial addition soon? And for those who’ve been in even longer, any regrets or alternative strategies you wish you’d pursued?