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    Adding silver to my Gold IRA - anyone else diversify beyond just gold?

    Key Takeaways
    • So, I've had a Gold IRA for a while now, probably close to 5 years.
    • Started it after hearing some of the execs at the oil company I work for here in Tulsa talk about inflation and hedging their bets.
    • I honestly got into it with a chunk of my 401k rollover – around $150k went into physical gold then, and it’s grown a bit since.
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    So, I've had a Gold IRA for a while now, probably close to 5 years. Started it after hearing some of the execs at the oil company I work for here in Tulsa talk about inflation and hedging their bets. I honestly got into it with a chunk of my 401k rollover – around $150k went into physical gold then, and it’s grown a bit since. I'm just a secretary, but when the guys who are making millions are getting nervous, I figure it's smart to pay attention.

    Lately, I’ve been thinking a lot about diversifying within my precious metals. I mean, gold is great, but it got me wondering if I was putting too many eggs in one basket, even if that basket is shiny and yellow. I kept seeing articles and forum posts mentioning silver, and the more I dug into it, the more I liked the idea. The industrial demand for silver, plus its lower price point compared to gold, just felt like a good balance.

    So, last month, I decided to pull the trigger. I moved about $25,000 from some of my gold holdings into IRS-approved silver coins and bars within the same IRA. It felt like a smart move to balance out the portfolio. My custodian made it pretty easy; they handle all the storage and everything. It's not a huge portion, obviously, but it feels good to know I have some exposure to both.

    Has anyone else here done something similar? Or gone the other way and kept it purely gold? I'm curious to hear other people’s reasoning, especially if you're holding a similar amount. Are there any downsides to having both that I might not be thinking of? Appreciate any insights!

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    5 comments

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    Best Answer▲ 10 upvotes
    M
    matthew_murphy👑Elite (1m-5m)

    Interesting! You mentioned your execs at the oil company talked about inflation and hedging their bets. Did they specifically mention silver as a good hedge, or was that something you looked into separately after setting up the Gold IRA?

    Comments (5)

    3
    david_brown💎Premium (500k-1m)Real Investorless than a minute ago

    Totally get this! I did the exact same thing a few years back. Started with just gold (also after hearing some folks at work talk about it, lol), but then started looking into silver. Figured it was a good way to diversify within the precious metals space without going too far off the reservation. No regrets so far!

    10
    matthew_murphy👑Elite (1m-5m)Real Investorless than a minute ago

    Interesting! You mentioned your execs at the oil company talked about inflation and hedging their bets. Did they specifically mention silver as a good hedge, or was that something you looked into separately after setting up the Gold IRA?

    9
    michael_anderson🏆Advanced (250-500k)Real Investorless than a minute ago

    Hey, interesting thought on adding silver! While diversification is generally good, I've always been a bit more *focused* on gold for my precious metal IRA. The historical stability and universal recognition of gold just feel like a stronger long-term play, especially for something like retirement where you want maximum reliability. Silver's price swings can be a bit wilder, which might not be ideal for everyone in that kind of account. Just my two cents!

    5
    christopher_young🌟Ultra (5m+)Real Investor✓ Verifiedless than a minute ago

    Hey, totally get wanting to diversify! Gold and silver are a classic combo. One thing to keep in mind is the specific types of silver that are IRA-eligible. It's not just any old silver coin or bar. The IRS has specific guidelines for fineness and what's considered "collectible." Always good to double-check that your chosen silver meets those criteria before you buy!

    6
    catherine_bell🏆Advanced (250-500k)Real Investorless than a minute ago

    Totally agree with this! I did the same thing with my precious metals IRA last year. Had it almost exclusively in gold for a good 7-8 years, but decided to add some silver and platinum. Felt like good diversification and a way to potentially capitalize on different market movements. It's not a huge percentage of my overall portfolio, but it definitely feels right for the current economic climate.

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