Rebalancing my Gold IRA - selling coins or adding more?

Dorothy Lopez

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Rebalancing my Gold IRA - selling coins or adding more?

dorothy_lopez💰Established (100-250k)

about 6 hours ago

Key Takeaways

•First time posting here, long-time lurker.
•Been in the casino industry out here in Vegas for decades, so I know a thing or two about risk and managing a bankroll.
•My personal portfolio is sitting between $200k-$250k right now, and a decent chunk is in a Gold IRA.

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First time posting here, long-time lurker. Been in the casino industry out here in Vegas for decades, so I know a thing or two about risk and managing a bankroll. My personal portfolio is sitting between $200k-$250k right now, and a decent chunk is in a Gold IRA. I’m thinking about rebalancing a bit, and I’m hitting a wall on the best approach.

My current Gold IRA is primarily American Gold Eagles and Canadian Gold Maple Leafs. I’ve held them for about seven years now, and they've done pretty well, especially considering some of the market volatility we've seen. The thing is, gold's had a good run lately, and now it's making up a slightly larger percentage of my overall portfolio than I originally intended. I’m wondering if I should trim some of the gold to bring it back in line, or if I should just add more to my other assets (stocks, bonds, real estate funds) and let the gold percentage dilute naturally.

I’m leaning towards trimming some of the coins, mostly because I like taking profits when they're there. Selling might also give me some dry powder to jump on other opportunities if the market dips later this year. However, part of me is also thinking, "why mess with a good thing?" My original reason for investing in physical gold was long-term wealth preservation and inflation hedging, not short-term trading. Plus, the thought of liquidating some of my Eagles or Maples feels a little… permanent?

Anyone else faced this dilemma with their precious metals? Did you sell off some coins, or did you just add to other assets? What was your rationale? Always interested in hearing different strategies, especially from folks who understand the long game.

5 comments

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Best Answer▲ 6 upvotes

charles_lewis💎Premium (500k-1m)

Hey, glad you decided to post! Rebalancing is smart, especially with the market volatility.

Quick tip: When you're looking at selling coins versus adding, also consider the premiums on different types of gold. Sometimes bars have lower premiums than coins, which can make a difference if you're trying to optimize your holdings. You might find this article on gold IRA diversification helpful for weighing your options: https://www.investopedia.com/gold-ira-diversification-7965903

Comments (5)

karen_robinson💼Starter (0-50k)•less than a minute ago

Totally agree with your approach here. Rebalancing is key, especially with how the market's been. I'm in a similar boat, though my portfolio is a bit smaller. I'm actually looking to add a bit *more* to my Gold IRA right now, seeing how things are going. Good luck with your decision!

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

Hey, totally get where you're coming from. I was in a similar boat a while back with my own Gold IRA. Had some coins that had really popped and was wondering if I should trim them down or just beef up the rest of my holdings with more gold. Ended up doing a bit of both, honestly – took some profits on the coins and then allocated a bit more cash to buy some additional bars to balance things out. Felt like a good middle ground for me.

mark_adams👑Elite (1m-5m)Real Investor•less than a minute ago

Hey, welcome! Vegas, nice. You mentioned a "decent chunk" of your portfolio is in a Gold IRA. Any chance you could share what percentage that actually is? Curious to know what you consider a "decent chunk" in your situation. Might help with the rebalancing advice.

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

Interesting thought process, especially coming from the world of risk assessment! While I get the idea of rebalancing, sometimes holding onto those coins, especially if they have any numismatic value or are just unique pieces, can be a better long-term play than just thinking about the spot price. Maybe consider if there's an emotional or collection value separate from the pure investment angle before liquidating? Just a different way to look at it, given your background.