My Gold IRA Rollover Journey: 5 Years In and Still Bullish (+$780K)
- •Been a while since I posted, but I thought I'd share an update on my Gold IRA.
- •Ended up putting about $1.5M into the metals and another $500K or so into some REITs and alternative funds.
- •The idea was always to hedge against inflation and market volatility after being CEO for so long and seeing the cycles firsthand.
Been a while since I posted, but I thought I'd share an update on my Gold IRA. It's been almost exactly five years since I rolled over a substantial portion of my old 401k into a self-directed IRA with a significant gold and silver allocation. Ended up putting about $1.5M into the metals and another $500K or so into some REITs and alternative funds. The idea was always to hedge against inflation and market volatility after being CEO for so long and seeing the cycles firsthand. I grew up with stories of relatives losing everything in market crashes, so a tangible asset component was always a must for my retirement.
My initial allocation was pretty heavily skewed towards gold bullion, with some silver thrown in. Over the past five years, my metals portion alone has climbed from roughly $1.5M to just over $2.28M. That's a gain of about $780,000, which is nothing to sneeze at, especially with the inflation we've seen. Honestly, it's outperformed a good chunk of my other diversified portfolio, though I'm not complaining about those returns either. I remember some of my buddies down here in Palm Beach snickering at first, asking if I was building a bunker, but now a few of them are asking for recommendations. Funny how that works.
The peace of mind knowing a significant portion of my wealth isn't directly tied to the whims of the stock market or fickle corporate earnings reports is invaluable. I sleep better, plain and simple. While I've always been pretty comfortable with the process, for anyone just starting out, or even considering it, there are some great resources. I actually recommended the Gold IRA Quiz to my nephew the other day – he's thinking about moving some of his tech stock gains. It's a solid way to get a baseline understanding.
I'm still bullish on gold for the long term, especially with the current global economic uncertainties. Where do you all see the price of gold headed in the next 12-18 months? Any other Florida-based investors here finding metals to be a good hedge against, well, everything these days?