Silver vs Gold Allocation - Anyone else rethinking things?
- •I've been in a Gold IRA for about three years now.
- •Got just under $70k in there, mostly gold, as a supplement to my government pension when I eventually retire.
- •Live in Albuquerque, work for the state, so it’s all about security and stability for me.
I've been in a Gold IRA for about three years now. Got just under $70k in there, mostly gold, as a supplement to my government pension when I eventually retire. Live in Albuquerque, work for the state, so it’s all about security and stability for me. Initially, I barely touched silver, like maybe a 10% allocation at most, because gold just felt like the safer, more established play.
Lately, though, I've been looking at silver's performance relative to gold and can't help but wonder if I'm missing out. Gold's done its thing, absolutely, but silver seems to have more industrial demand potentially boosting it long-term, beyond just inflation hedging. I know it's more volatile, which is why I shied away initially, but for someone still a good 10-15 years out from retirement, maybe a little more risk is warranted for potentially higher gains?
Thinking of rebalancing to maybe 70/30 gold/silver, or even 60/40. What are people's thoughts on current silver prospects? Are any of you guys holding a higher percentage of silver than gold in your precious metals IRA? Any strong arguments for or against increasing silver exposure right now? I definitely want to be smart about this, not just chase recent gains. This Gold IRA Quiz really helped me understand the basics when I first started, but it's more about the individual metals now.
I'm weighing the stability of gold against the growth potential of silver, and it’s a tough call. Any insights or personal experiences would be super helpful. Thanks!