Rebalancing - Ditching some silver for gold? (Savannah here)
- •Okay, so I'm looking at my portfolio and seriously considering a rebalance, specifically around silver.
- •Now I'm sitting on a portfolio that's hovering around $220k total, with about 18% in physical silver and another chunk in gold.
- •I run a tourism business here in Savannah, so I'm pretty used to economic ups and downs, but this current inflation chatter is making me re-evaluate.
Okay, so I'm looking at my portfolio and seriously considering a rebalance, specifically around silver. I picked up a fair bit of silver a few years back – probably around $40k worth in bars – mostly because I liked the lower entry point and the industrial demand story. Now I'm sitting on a portfolio that's hovering around $220k total, with about 18% in physical silver and another chunk in gold. I run a tourism business here in Savannah, so I'm pretty used to economic ups and downs, but this current inflation chatter is making me re-evaluate.
My concern is that silver, while it has its moments, isn't performing quite like I'd hoped as a long-term hedge against inflation compared to gold. Gold just feels like a more stable boat to weather these storms, especially with everything going on globally. I'm thinking of selling maybe half my silver bars, probably around $20k worth, and rolling that directly into more gold for my IRA. The idea is to increase my gold allocation closer to 20-25% of the total portfolio, and bring silver down to maybe 8-10%.
Has anyone here done something similar? Like, actively shifted from a heavier silver position to gold for better stability or inflation protection? Did you regret it? Or did it pay off? I'm trying to think long-term here, not just chasing a quick buck, especially with retirement still a solid 15 years out for me. Any thoughts on timing this kind of move with current metal prices would also be super helpful.