Pretty stoked about my Gold IRA journey after 5 years - anyone else seeing these returns?
- •Okay, so I’m just over five years into this whole Gold IRA thing, and honestly, I’m pretty darn impressed.
- •When I first dipped my toes in, I threw about $60,000 from an old 401k into it.
- •I’ve been tracking pretty closely, and my initial $60k is sitting closer to $95k now.
Okay, so I’m just over five years into this whole Gold IRA thing, and honestly, I’m pretty darn impressed. When I first dipped my toes in, I threw about $60,000 from an old 401k into it. It felt like a bit of a gamble, especially running my small biz here in Denver and constantly looking for ways to diversify beyond just real estate and the stock market. I went with gold rounds, mostly because I liked the idea of the lower premium over bars, and they seemed a bit more liquid if I ever needed to convert some quickly (though thankfully, haven't yet).
I’ve been tracking pretty closely, and my initial $60k is sitting closer to $95k now. That’s a gain of about 58% in five years, which, for a "safe haven" asset, feels pretty phenomenal to me. I know it's not the S&P 500, but the stability and peace of mind it's given me, especially during the crazier economic swings we've seen since 2020, is worth its weight in... well, gold! I even added another $15k from some business profits last year when I saw gold dip a little, just trying to DCA a bit.
My main goal was always wealth preservation and adding a hedge against inflation. Seeing those numbers grow while everything else felt a bit wobbly has really solidified my belief in having a portion of my retirement in physical precious metals. I'm thinking of adding a tiny bit of silver next, just to mix it up a bit, maybe some silver eagles. Any thoughts on that? Are other small business owners finding similar success, or am I just getting lucky with the timing?