My wife made me a believer in Gold IRAs - seriously considering DCA now.

Charles Lewis

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My wife made me a believer in Gold IRAs - seriously considering DCA now.

charles_lewis💎Premium (500k-1m)

about 5 hours ago

Key Takeaways

•I’ve been lurking here for a while, mostly just reading everyone’s posts, but I had to share something that happened recently.
•For context, we live in Philly, I’m 50, and our portfolio is sitting around the 800k mark.
•Most of that is in fairly traditional retirement accounts, with some real estate thrown in.

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I’ve been lurking here for a while, mostly just reading everyone’s posts, but I had to share something that happened recently. My wife, who usually leaves all the investing stuff to me (I’m an attorney, so naturally, I like to think I’m good at dissecting these things), laid out an argument for increasing our gold exposure that honestly blew me away. For context, we live in Philly, I’m 50, and our portfolio is sitting around the 800k mark. Most of that is in fairly traditional retirement accounts, with some real estate thrown in.

I’ve had a small Gold IRA for about five years now, maybe 5% of our portfolio, mostly as a hedge. I wasn’t super bullish on it, just figured it was a responsible diversification play. But with all the inflation talk, and the general economic instability we’ve been seeing – frankly, the whole world feels a bit wobbly right now – she started digging. She pulled up historical data comparing gold’s performance during periods of high inflation and geopolitical uncertainty, compared it to bonds and even some of our more stable stocks. She wasn’t just looking at percentage gains, but more about wealth preservation, which, as an estate planner, hits home for me.

Her main point was that in a true financial downturn, or if the dollar really takes a hit, physical gold in an IRA is one of the few assets that isn’t directly tied to the banking system or government bonds. She brought up our kids’ inheritance, something I hadn’t really thought specifically about from a gold perspective. We want to ensure they have something tangible, something that can’t just evaporate with a click of a button or a bad policy decision. It was a compelling case, focusing less on short-term gains and more on the long-term, multi-generational safety net.

Now I’m seriously considering increasing our Gold IRA to closer to 10-15% of our portfolio, maybe even more if things continue to look uncertain. I’m thinking about dollar-cost averaging into it over the next year rather than one lump sum, just to smooth out any price volatility. I know some of you folks have much larger allocations. What are your thoughts on DCAing into a Gold IRA? And for those with significant allocations, what percentage of your total portfolio do you feel comfortable having in physical gold right now given the current economic climate?

5 comments

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Best Answer▲ 6 upvotes

diane_bailey💰Established (100-250k)

Totally get this! My partner was the one who first brought up a Gold IRA too, and I was pretty skeptical at first. But after doing some of my own research, I'm actually really glad they did. We ended up opening one last year and have been doing a small monthly DCA ever since. It feels good to have some diversification outside of just stocks and bonds, especially with all the market volatility lately.

Good luck with your decision!

Comments (5)

paul_hill🏆Advanced (250-500k)Real Investor✓ Verified•less than a minute ago

Haha, this is awesome! My partner had a similar effect on me, though it was more about getting me to even *look* at alternatives outside of our 401ks. For years, I just stuck to the usual mutual funds, but she kept bringing up precious metals as a hedge. I finally caved and started doing some research, and like you, I'm now a pretty solid believer. DCA definitely seems like the way to go for this.

laura_sanchez💰Established (100-250k)Real Investor✓ Verified•less than a minute ago

Hey, that's awesome your wife got you on board! It's always good when both partners are aligned on financial decisions. I'm curious, what exactly was it that she said or did that made you a believer after lurking for so long? Was it a specific statistic, a story, or just a different perspective?

catherine_bell🏆Advanced (250-500k)Real Investor•less than a minute ago

That's awesome that your wife sparked your interest! While DCA is generally a solid strategy for many investments, especially volatile ones, it's worth considering the different dynamics with physical gold in an IRA. Shipping, storage, and potential premium costs can sometimes make frequent, small purchases less cost-effective than larger, less frequent buys. Just something to factor into your strategy!

frank_rivera💎Premium (500k-1m)Real Investor•less than a minute ago

That's awesome your wife got you on board! It's great to hear about couples getting aligned on financial goals, especially something as sound as a Gold IRA.

Since you're thinking about DCA, you might find this article on dollar-cost averaging in precious metals IRAs helpful: Forbes Advisor - Dollar-Cost Averaging Gold IRA. It breaks down some of the pros and cons specifically for this asset class. Good luck with your DCA strategy!