Oahu Gold IRA Holdings: Five Years In and What I'm Seeing
- •Hard to believe it's been five years since I first rolled a chunk of my TSP into a Gold IRA.
- •Was talking to my wife the other day, looking at the statements, and it got me thinking about the whole journey.
- •I remember a lot of folks back then were saying I was crazy, that gold was a "barbaric relic" and all that.
Hard to believe it's been five years since I first rolled a chunk of my TSP into a Gold IRA. Was talking to my wife the other day, looking at the statements, and it got me thinking about the whole journey. We pulled about $600k out of the market back then, about half of what we had, right when things were getting squirrelly with the trade wars and all the rhetoric coming out of Beijing. Being out here in the Pacific, you just get a different sense of how interconnected everything is, and how fragile some of those supply chains really are.
I remember a lot of folks back then were saying I was crazy, that gold was a "barbaric relic" and all that. But after 25 years in the Navy, you learn to trust your gut on some things, especially when it comes to risk. I wasn't looking to get rich quick, just wanted to preserve capital and have some real, tangible assets off the grid, so to speak. The peace of mind has been worth a lot, especially through the pandemic and all the inflation we've seen since. Not having to stress every time the Dow sneezes is a huge relief in retirement.
Returns-wise, it's been pretty solid for what it is. I'm up around 70% on the initial investment – so that $600k is now sitting closer to a million. Not flashy like some tech stocks, but it’s been a steady climb, and frankly, a lot less volatile. Plus, knowing it's physical gold stored securely, and not just digits on a screen, makes a big difference to me. I've heard some chatter about moving some of these holdings to a self-storage facility on the mainland for easier access if things really hit the fan, but for now, the trustee storage works.
Anyone else in a similar boat with a multi-year Gold IRA? What are your thoughts on the next five years, especially with the BRICS nations pushing for their own currency alternatives? Does it make you more or less confident in your gold holdings?