Rollover into Gold/Silver IRA - How much silver is too much??
- •I finally got around to talking to a rep about rolling over my old 401(k) and setting up a Gold IRA.
- •Learned a lot from the execs at the oil company I work for here in Tulsa – they’ve always been big on tangible assets.
- •My main question is about allocation between gold and silver.
I finally got around to talking to a rep about rolling over my old 401(k) and setting up a Gold IRA. I’ve been sitting on about $180k in that old 401(k) from my previous job for way too long, and with how things are looking globally, it feels like the right move to secure some of my wealth. Learned a lot from the execs at the oil company I work for here in Tulsa – they’ve always been big on tangible assets.
My main question is about allocation between gold and silver. I’m leaning heavily towards gold, maybe 80-90% of the metals portion, with the rest in silver. My thinking is gold is the ultimate stability play, especially for a chunk of my retirement savings. But I keep hearing arguments for silver’s growth potential, especially given its industrial applications. I just don't know if I want that much exposure to silver's volatility when I'm trying to protect this money.
For those of you who’ve done a similar rollover into a precious metals IRA, what was your gold to silver split? Did you find that having a smaller silver allocation felt too conservative, or was a higher one too much of a gamble? I'm not wanting to get rich quick, just want to keep what I've got and maybe see some modest growth. Any thoughts from folks who've been through this process would be super helpful!