Seriously considering adding more gold to my IRA - anyone else thinking about a recession-proof strategy?

Susan Clark

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Seriously considering adding more gold to my IRA - anyone else thinking about a recession-proof strategy?

susan_clark💰Established (100-250k)

about 11 hours ago

Key Takeaways

•Inflation, interest rate hikes, everything feels a bit… precarious.
•I'm a marketing executive, so I'm used to seeing trends, and right now, the trend seems to be heading towards some choppy waters financially.
•I'm wondering if I should bump that allocation up to 20-25%.

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Okay, so I've been watching the economic tea leaves lately, and let's just say my gut isn't feeling super warm and fuzzy about what's coming down the pike. Inflation, interest rate hikes, everything feels a bit… precarious. My financial advisor and I have been talking a lot about recession-proofing my portfolio, and that always leads back to precious metals, specifically gold and silver in my IRA.

I've already got about 15% of my ~$200k retirement portfolio in physical gold through an IRA, which I set up years ago when I started getting serious about an earlier retirement here in Minneapolis (the winters can really make you fantasize about being on a beach, haha!). I'm a marketing executive, so I'm used to seeing trends, and right now, the trend seems to be heading towards some choppy waters financially. I'm wondering if I should bump that allocation up to 20-25%. It feels a bit like a safety blanket, but also like a smart move if things get really rocky.

My main concern is obviously missing out on potential gains in other sectors if the market surprises us and bounces back super strong. But then again, the peace of mind of having a solid chunk of something that historically holds value during downturns is pretty attractive. I'm aiming to retire in about 10-12 years, so preserving capital is becoming more and more important to me. Are any of you other Gold IRA investors feeling the same itch to increase your precious metals exposure right now? How much is too much, in your opinion, when it comes to gold and silver as a hedge?

4 comments

Your purchasing power dropped 25% since 2020

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Best Answer▲ 8 upvotes

margaret_chen🏆Advanced (250-500k)

Totally feel this. My advisor and I had a similar chat a few months back when things started looking shaky. Ended up diversifying into some physical gold in my IRA, and honestly, the peace of mind alone has been worth it. It’s comforting to know a portion of my retirement isn't entirely tethered to the stock market's whims right now.

Comments (4)

margaret_chen🏆Advanced (250-500k)Real Investor•about 2 hours ago

joyce_cooper📊Growing (50-100k)✓ Verified•about 2 hours ago

Totally get the feeling of economic jitters right now. It's like everyone's bracing for impact. When you say "recession-proofing," are you thinking purely about gold's historical performance during downturns, or are there specific types of gold investments (e.g., physical gold, gold ETFs) your advisor is leaning towards within the IRA?

maria_campbell📊Growing (50-100k)✓ Verified•about 2 hours ago

While gold definitely has its place as a hedge, "recession-proof" might be a bit strong. Remember 2008? Gold took a hit there too, albeit not as badly as stocks. It's more about diversification and a store of value long-term than a magic bullet against all economic downturns. Just something to keep in mind!

donna_rogers🏆Advanced (250-500k)Real Investor•about 2 hours ago

Totally get where you're coming from! It definitely feels like a good time to be shoring things up. When you're looking at different Gold IRA companies, make sure to ask about their buyback programs. Some offer better terms than others, which can be a nice peace-of-mind factor if you ever need to liquidate down the line.

Your purchasing power dropped 25% since 2020

Gold outpaced inflation every decade for 50 years. See what it could do for your IRA.

Under $100k? Compare options →